Basilic Fly Studio IPO Details

Author: Sachin Gupta Published : 28 August 2023

Open Date 01 Sept 2023 05 Sept 2023 1200 shares Rs.66.35 Cr Lot Size IPO Size Listing At NSE, SME Listing Date Price Range ₹92 to ₹97 Arrow Close Date Arrow Arrow Arrow Arrow Arrow Allotment Date 08 Sept 2023 13 Sept 2023 Arrow Arrow Basilic Fly Studio IPO Details

About the Company

Basilic Fly firm Limited, founded in 2016, is a visual effects (VFX) firm based in Chennai, India, with branches in Canada and the United Kingdom. Basilic Fly Studio creates visual effects for films, television shows, web series, and advertisements.

Objective

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: Expenditure for setup of Studio/Facility at Hyderabad and Salem. Expenditure for adding infrastructure to further strengthen the existing facilities/offices of the company located in Chennai and Pune. Making investments through equity in the subsidiaries for expansion of workspace by acquiring new office space located in London and strengthening the existing facilities/offices located in Vancouver. General Corporate Purposes and Issue Expenses.

Book Runners

The book-running lead managers to the offer are: GYR Capital Advisors Private Ltd

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