Basilic Fly Studio IPO Allotment Status:- A subscription period for Basilic Fly Studio Ltd initial public offering (IPO) ran from September 1, 2023, to September 5, 2023, inclusive. The Basilic Fly Studio IPO Allotment Status will be finalised on September 8, 2023, and the Reimbursement Process will start on September 11, 2023.
The shares are deposited to the depository on September 12, 2023, and they are listed on September 13, 2023. By way of an NSE SME IPO, Fly Studio is attempting to raise 66.35 crores. With 1200 shares in the market lot, the Basilic Fly Studio IPO price range is set at 92 to 97.
Basilic Fly Studio IPO Allotment Status
Even on the second day of bidding on September 4, investors responded warmly to Basilic Fly Studio’s initial public offering (IPO). The 50.96 lakh share IPO was 110.01 times oversubscribed, resulting in offers for 56.06 crore equity shares. The net issue’s most active buyers were retail investors and high net worth people, who each have reservations of 35 percent and 15 percent. They Basilic Fly Studio IPO Allotment Status subscribed 213.7 times and 122.66 times, respectively, the portions allotted to them.
In contrast, the reserved share of 50% for qualified institutional buyers received 16.12 times as much interest. The Canadian and UK-based visual effects (VFX) company intends to collect Rs 66.35 crore through its initial public offering at the higher end of the Rs 92-97 per share pricing range. On 30 August, the day before the issue was to go public, the company used an anchor book to raise Rs 16.91 crore.
Basilic Fly Studio IPO Allotment Status Details
|Name of Company||Basilic Fly Studio Limited|
|IPO Allotment Starts From||1st September 2023|
|Closes on||5th September 2023|
|IPO Price||Rs 92 to Rs 97|
|IPO Size||6,840,000 shares
(aggregating up to ₹66.35 Cr)
|Face Value||Rs 10|
|IPO Lot Size||1200 shares|
|IPO Allotment Date||8th September 2023|
|Equity Shares Credited to Bidders||12th September 2023|
|Share Listing Date||13th September 2023|
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Basilic Fly Studio IPO Allotment Status Download Link
Through the IPO allotment, Basilic Fly Studio Limited hopes to raise 66.35 crores. NSE and BSE Stock Exchanges will list Basilic Fly Studio’s first public offering. The Basilic Fly Studio IPO Allotment Status Studio will be released on September 8, 2023. The reimbursement procedure will be initiated by the authority on September 11, 2023. On September 12, 2023, the authority will add shares to Demat accounts. Candidates can use their login information, such as their Application Number, CAF Number, or PAN Number, to check the Basilic Fly Studio IPO Status on the official website purvashare.com. Candidates who experience difficulties locating the Basilic Fly Studio IPO Allotment Status are recommended to follow the detailed instructions provided below.
Basilic Fly Studio IPO GMP
The minimum market lot for the Basilic Fly Studio IPO is 1200 shares, and the application fee is 116,400. The Basilic Fly Studio IPO Allotment Status will be listed on the NSE as an NSE SME IPO. On September 8, 2023, the allocation status for Basilic Fly Studio’s IPO (Initial Public Offering) will be decided. On September 11, 2023, the return procedure will start, and on September 12, 2023, shares will be added to Demat accounts. The initial public offering of Basilic Fly Studio is slated on September 13, 2023.
|Opening Date||September 1, 2023|
|Closing Date||September 5, 2023|
|Basis of Allotment||September 8, 2023|
|Initiation of Refunds||September 11, 2023|
|The credit of Shares to Demat||September 12, 2023|
|Listing Date||September 13, 2023|
They have made a huge influence on the business by forging direct ties with numerous production houses and collaborating via subcontracting arrangements with renowned VFX studios and organisations. Many VFX studios and companies choose to delegate certain works to specialised teams with the expertise, materials, and tools needed to manage difficult VFX projects. Businesses and VFX studios have graciously donated funds to us.
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Basilic Fly Studio IPO Allotment Timing
The allocation status of Basilic Fly Studio IPO Allotment Status will be published on the register’s website between 10:00 PM on September 8, 2023 and 11:00 AM on September 11, 2023.
Basilic Fly Studio IPO Shares Offered
6,840,000 equity shares were issue as a result of Basilic Fly Studio’s IPO. Retail investors receive 1,035,200 shares in this offering, non-institutional investors get 872,400 shares, and qualified institutional buyers get 1,162,800 shares.
Basilic Fly Studio IPO Anchor Investor Allocation
At a cost of Rs 97 per share, the anchor investors would receive a total of 1,743,600 shares.
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IPO Investor Categories
- Qualified Institutional buyers (QIB): Banks, FIIs, Mutual Funds, and Other Financial Institutions
- Non-Institutional investors(NII): investors of All Types (Individuals, NRIs, Businesses, Trusts, etc.)
- Retail individual investors (RII): Normal Retail Investors (NRIs)
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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How To Check Basilic Fly Studio IPO Allotment Status Online?
- First of all, visit the Basilic Fly Studio IPO Allotment Status Studio’s official website www.purvashare.com
- Look for a tab that says “Application Status” or “Allotment Status.”
- Enter your application ID or any pertinent information.
- Select “Check Status” or a button that looks similar.
- Analyse the status update that is visible on the screen.
How To Subscribe To Basilic Fly Studio IPO?
Both ASBA and non-ASBA membership options are available for purchase. To apply for an IPO online through ASBA, go to your bank account, download the form, or obtain a printed copy of the application, fill it out, and send it back to your broker or bank.
Objects Of The Issue
- Setup fees for studios and buildings in Salem and Hyderabad.
- New infrastructure spending would benefit the company’s Chennai and Pune headquarters and amenities.
- In order to increase workspace through equity investments in the subsidiaries, new office space in London was purchased, and the existing buildings/offices in Vancouver were improved.
- Issue expenses and general business needs.
Basilic Fly Studio IPO Allotment Status FAQ’S
How do I know if my IPO is allotted to me?
In about 7 days’ time, the registrar of the IPO finishes and confirms allotment of the to successful bidders. The IPO allotment status can be checked via the website of the registrar. It can also be checked on the websites of the NSE or the BSE.
How long does an IPO allotment take?
IPO allotment announcement is done by the registrar 3-4 days after the IPO bidding period gets over. Investor could visit registrar’s website to check the allotment status. IPO allotment depends on the demand of IPO shares.
How do I get an allotted IPO?
The allotment process totally depends on how the IPO got responses from the investors. If the IPO is undersubscribed, then the investor may get allotted all the lots for which they have applied. If the IPO is oversubscribed, then the allocation of shares to the retail investor happens through a computerized process.