Basilic Fly Studio SME IPO

Basilic Fly Studio Limited

₹1,10,400 /1200 sharesMinimum Investment

Basilic Fly Studio SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹97.00₹271.00₹174.00 (179.38%)

Basilic Fly Studio SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
1 Sep ‘23 - 5 Sep ‘23₹1,10,4001,200₹92 - ₹97
Issue SizeIPO Doc
66.35Cr
RHP PDF

About Basilic Fly Studio SME

Basilic Fly Studio is a visual effects (VFX) company based in Chennai, India. They also have branches in Canada and the UK, where they specialize in crafting captivating visual experiences for global audiences. Their expertise lies in the VFX industry, and they have a track record of delivering top-tier VFX solutions for various media such as movies, TV shows, web series, and commercials. BFS is recognized as a Trusted Partner Network Certified studio, offering a comprehensive range of VFX services, including the following: Final Compositing and Rotoscoping Camera and Body Tracking, Rotomation, and Object Tracking Paint and Preparation Previsualization (Previs) Computer Graphics Onset Supervision;
Parent Organisation
Basilic Fly Studio Limited
Founded
2016
Managing Director
Mr. Balakrishnan

Strengths & Risks

  • With operational bases in Chennai, Pune, Vancouver, and London, the company intends to establish two more dedicated facilities in India. Future plans include expanding its global presence to Eastern Europe and South Korea.
  • Basilic Fly Studio has a dedicated team of 474 skilled technical and management professionals, ensuring timely project completion.
  • The company holds TPN certification, a global initiative managed by the Motion Picture Association (MPA) in the USA. Trusted Partner Network (TPN) aids in safeguarding movies and television content from leaks, breaches, and hacks before their official release.
  • Basilic Fly Studio operates in the ever-changing VFX industry. This market shifts quickly due to evolving client preferences. It relies on how well audiences embrace the content that the company enhances with VFX and the lasting popularity of associated brands.
  • The company faces risks if it can't attract new clients or if existing clients don't renew their contracts. For instance, the top five clients contributed substantial amounts to the company's revenue: Rs. 1054.50 lakhs, Rs. 969.29 lakhs, and Rs. 3230.82 lakh for the years ending on March 31, 2021, March 31, 2022, and March 31, 2023, respectively.
  • Dealing with foreign currencies and exchange control rules can lead to currency fluctuations, as seen with a Rs. 1.20 lakh loss in 2023 due to exchange rate shifts.
  • There are ongoing legal disputes involving the company, its promoters, and directors.
  • Historically, the company has faced negative cash flow, which may persist in the future, potentially affecting its overall business, financial condition, and operational results.
  • Furthermore, the company has outstanding unsecured loans of Rs. 212.33 lakhs as of March 31, 2023, which could be called for repayment at any time.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular92 - 97₹2 Lakh
High Networth Individual92 - 97₹2 - 5 Lakh
For Basilic Fly Studio SME IPO, eligible investors can apply as Regular.
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.5.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ

ABOUT GROWW