Picture Post Studios IPO Subscription Status

Picture Post Studios IPO - Day-3 Subscription at 266.60 times

Picture Post Studios IPO closed on 6th Aug. Shares of Picture Post Studios will likely be listed on 9 August on NSE SME platform. As of 6th August 2024, Picture Post Studios IPO received bids for 1,38,52,38,000 shares much more than the 51,96,000 shares offered. It means Picture Post Studios IPO was oversubscribed 266.60 times by the end of day 3.

Here are the subscription details for Picture Post Studios IPO as of Day 3 (6th August 2024 at 5:31 pm):

Picture Post Studios IPO subscription was mainly driven by HNI / NII investors on day 3, followed by Retail investors, then Qualified Institutional Buyers (QIBs) showed interest on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Picture Post Studios IPO for Days 1, 2, and 3

On day 1, Picture Post Studios IPO was subscribed 6.24 times. By day 2, the subscription status had risen to 59.13 times and on day 3, it reached 266.60 times.

Here are the subscription details for Picture Post Studios IPO by category as of Day 3

Data Source: NSE

Picture Post Studios IPO received a varied response from different investor categories. Market Maker and Anchor Investors subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed 101.19 times on day 3. HNIs / NIIs portion subscribed 389.67 times, while Retail Investors subscribed 308.09 times. Overall, Picture Post Studios IPO was subscribed 266.60 times on Day 3.

Picture Post Studios IPO - Day-2 Subscription at 58.82 times

Picture Post Studios IPO will close on 6th Aug. Shares of Picture Post Studios will likely be listed on 9 August on NSE SME platform. As of 5th August 2024, Picture Post Studios IPO received bids for 30,56,22,000 shares much more than the 51,96,000 shares offered. It means Picture Post Studios IPO was oversubscribed 58.82 times by the end of day 2.

Here are the subscription details for Picture Post Studios IPO as of Day 2 (5th August 2024 at 5:51 pm): 

Picture Post Studios IPO subscription was mainly driven by Retail investors on day 2 also, followed by HNI / NII investors, Qualified Institutional Buyers (QIBs) did not show interest on day 2 also. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO.

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Picture Post Studios IPO by category as of Day 2:

Data Source: NSE

On day 1, Picture Post Studios IPO was subscribed 6.24 times. By day 2, the subscription status had risen to 58.82 times. Qualified Institutional Buyers (QIBs) did not participate on day 2. HNIs / NIIs portion subscribed 47.72 times, while Retail Investors subscribed 97.14 times. Overall, Picture Post Studios IPO was subscribed 58.82 times on Day 2.

Picture Post Studios IPO - Day-1 Subscription at 6.17 time

Picture Post Studios IPO will close on 6th Aug. Shares of Picture Post Studios will likely be listed on 9 August on NSE SME platform. On 2nd August 2024, Picture Post Studios IPO received bids for 3,20,34,000 shares much more than the 51,96,000 shares offered. It means Picture Post Studios IPO was oversubscribed 6.17 times by the end of day 1.

Here are the subscription details for Picture Post Studios IPO as of Day 1 (2 August 2024 at 5:54 pm): 

Picture Post Studios IPO subscription was mainly driven by Retail investors on day 1, followed by HNI / NII investors, Qualified Institutional Buyers (QIBs) did not show interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Picture Post Studios IPO by category as of Day 1:

Data Source: NSE

On day 1, Picture Post Studios IPO was subscribed 6.17 times. Qualified Institutional Buyers (QIBs) did not participate on day 1. HNIs / NIIs portion subscribed 3.91 times while Retail Investors subscribed 10.65 times. Overall, Picture Post Studios IPO was subscribed 6.17 times on Day 1.

About Picture Post Studios

Founded in 2019, Picture Post Studios excels in movie editing, CGI, VFX, video conversion, grading, and mastering for films and commercials on various platforms. Their services for the entertainment industry include offline editing, CGI, mastering and quality checks, VFX, color grading, and creative editorial work. The company is dedicated to delivering captivating visual experiences worldwide through their expertise in visual effects, post production, color grading and motion design.

Highlights of Picture Post Studios IPO

IPO dates:  2 Aug - 6 Aug
IPO price band: ₹22 - ₹24 per share
Minimum lot size for retail investors:  1 lot (6000 shares)
Minimum investment for retail investors: ₹144,000
Minimum investment for High Net-worth Investors (HNI): 2 lots (12,000 shares), ₹288,000
Registrar: Bigshare Services Pvt Ltd

Picture Post Studios will use the net proceeds for the purchase of equipment and Software, repaying certain borrowings, general corporate purposes and covering issue expenses.