How to check allotment status of Basilic Fly Studio IPO

How to check allotment status of Basilic Fly Studio IPO
How to check allotment status of Basilic Fly Studio IPO

by Tanushree Jaiswal Last Updated: Sep 08, 2023 - 09:57 am 686 Views
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The ₹66.35 crore IPO of Basilic Fly Studio Ltd comprises of a fresh issue and also an offer for sale (OFS) component. The Fresh Issue portion of Basilic Fly Studio Ltd entails the issue of 62.40 lakh shares which at the upper band of the price range at ₹97 per share aggregates to ₹60.53 crore. The offer for sale (OFS) portion of Basilic Fly Studio Ltd entails the sale of 6.00 lakh shares which at the upper band of the price range at ₹97 per share aggregates to ₹5.82 crore. Therefore, the overall issue of Basilic Fly Studio Ltd entails the issue of 68.40 lakh shares which at the upper band of the price range at ₹97 per share aggregates to ₹66.35 crore, which is the total size of the IPO.

 The stock has a face value of ₹10 and retail bidders can bid in minimum lot size of 1,200 share each. Thus, the minimum investment of ₹116,400 in the IPO is the base limit. That is also the maximum that a retail investor can apply for in the IPO. Let us first look at the break-up of the total shares issued by the company and its quota allocated for different groups of investors.

What you must know about allotment status checking

Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) in the case of mainboard IPOs and BSE SME Segment IPOs as well as by the registrars on their website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, one option you always have to use one of these options. In this case, Saroja Pharma Industries Ltd is an NSE SME Emerge IPO and hence the data would not be available on the website of BSE. 

NSE does not provide this facility on its website. That means; you can either only check the allotment status on the website of the IPO registrar, KFIN Technologies Limited (formerly Karvy Computershare). The allotment in the IPO will depend on the extent of the oversubscription across the retail, HNI / NII and the QIB portion and it is the valid applications that will make the cut. But we will look at that later. Let us first look at how to check the allotment status of the Saroja Pharma Industries Ltd IPO. Here are the steps.

Anchor Investor Shares Offered     17,43,600 shares (25.49%)
Market Maker Shares Offered     10,26,000 shares (15.00%)
QIB Shares Offered     11,62,800 shares (17.00%)
NII (HNI) Shares Offered     8,72,400 shares (12.75%)
Retail Shares Offered     20,35,200 shares (29.75%)
Total Shares Offered     68,40,000 shares (100%)

The response to the IPO of Basilic Fly Studio Ltd was very strong and robust and it was subscribed 358.60X overall at the close of bidding on 05th September 2023 with the HNI / NII segment seeing the best 549.44 times subscription, and the retail portion seeing 415.22 times subscription. Even the QIB segment was subscribed 116.34 times at close, with most of the traction on the last day. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 05th September 2023.

Investor Category  Subscription (times) Shares 
Shares Bid for Total Amount (₹ Cr.)
Anchor Investors 1 17,43,600 17,43,600 16.91
Market Maker 1 10,26,000 10,26,000 9.95
Qualified Institutions 116.34 11,62,800 13,52,79,600 1,312.21


Investor Category  Subscription (times) Shares 
Shares Bid for Total Amount (₹ Cr.)
Non-Institutional Buyers 549.44 8,72,400 47,93,30,400 4,649.50
Retail Investors 415.22 20,35,200 84,50,46,000 8,196.95
Total 1358.60 40,70,400 1,45,96,56,000 14,158.66

The basis of allotment will be finalized on Friday, 08th September 2023, the refunds will be initiated on 11th September 2023, demat credits will be finalized on 12th September 2023, while the stock of Basilic Fly Studio Ltd will get listed on the NSE on 13th September 2023. The company had a pre-IPO promoter holding of 85.42% and post the IPO, the promoter stake in Basilic Fly Studio Ltd will stand reduced proportionately to 59.90%. On listing, the company will have an indicative P/E ratio of 8.08X.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status only on the website of the IPO registrar, Purva Share Registry India Private Ltd. Alternatively, if your broker provides you a link to access the allotment status, you can do the same. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Basilic Fly Studio Ltd on the website of Purva Share Registry India Private Ltd (Registrar to IPO)

Visit the Purva Share Registry India Private Ltd registrar website for IPO status by clicking on the link below:

Here, as soon as you click on the link, you are brought to the main landing page. On the top of the page will be the option to select the company for which you want to check the allotment status. Here the company will be available on the drop down list only after the allotment status is finalized on 08th September 2023. You can then select the stock of Basilic Fly Studio Ltd IPO from the drop down list to check the allotment status.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Basilic Fly Studio Ltd from the dropdown box. The allotment status will be finalized on Friday, 08th September 2023, so in this case, you can access the details on the registrar website either late on 08th September 2023 or by middle of 09th September 2023. Once the company is selected from the dropdown box, you have 2 methods to check the allotment status for the IPO.

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.

• Secondly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Basilic Fly Studio Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 12th September 2023.

A brief on Basilic Fly Studio Ltd and the SME IPO

Basilic Fly Studio Ltd is one of India’s foremost players in visual effects (VFX) and has been around since 2012. VFX is an amalgam of creativity and technology and the ability and audacity to put both to good use. Basilic Fly Studio Ltd delivers exceptional VFX solutions for a range of projects including movies, TV & OTT series, as well as commercials. Today the company employs over 500 skilled professionals and the company has a global reach stretching across India, London, and Vancouver. Be it some of the biggest movies like Hercules, Avengers or Top Gun, Basilic Fly Studio has played a key role in creating enchanting visual effects. Some of the big movies they worked globally include Avataar, Man vs Bee, Extraction, Spider Man, Mary Poppins Returns, Thor, Guardians of the Galaxy, Alice in Wonderland, House of Dragon, Gangs of London, Swan Song and Notre Dame on Fire. This is still just a partial list of movies that Basilic Fly Studio Ltd has contributed to.

When we talk of VFX, there are several product and service subsets. Here is a quick list of what it includes and the palate of offerings by Basilic Fly Studio Ltd. The offer FX, which elevates any environment through awe-inspiring effects that can change the atmosphere completely. Magnificent creatures come to life, powered by gripping AI technology, and designed by leading VFX artists using animation designs. Recreates rich biomes to transport the audience transport deep into dark forests or rolling tundra regions. Basilic Fly also does Composting, which is about putting life and emotions into abstract shots. It makes the move more engaging. Basilic Fly Studio also specializes in Rotomation, which is a cutting-edge VFX technology to captures the motion of actual actors or objects and apply that data to computer-generated characters. Finally, the company also substantially improves the final visual appearance through Paint and Prep and Rotoscopy to improve live videos and produce flawless composites.

The company has been promoted by Balakrishnan and Yogalakshmi. The promoter holding in the company currently stands at 85.42%. However, post the fresh issue of shares and the OFS, the promoter equity holding share will reduce to 59.90%. The fresh issue funds will be used by the company for setting up studio facilities in Hyderabad and Salem. It will also use funds to add to existing infrastructure in Chennai and Pune apart from capitalizing its subsidiaries, including the offices at Vancouver. Part of the funds will also go towards general corporate purposes. While GYR Capital Advisors Private Ltd will be the lead manager to the issue, Purva Share Registry India Private Ltd will be the registrar to the issue. The market maker for the issue is Share India Securities Ltd.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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