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Picture Post Studios IPO
Price Band
₹22.0–24.0
Issue Size
₹18.72 Cr
Lot Size
6,000 shares
Min Investment
₹144,000
GMP
+₹6.0 (25.0%)
Issue Price
₹24.0
Subject to Sauda
₹27400
Paid only if allotted
Picture Post Studios IPO AI Summary
- Picture Post Studios IPO is listed on NSE SME in the Advertising & Media Agencies sector.
- Price band: ₹22.0–₹24.0 per share, lot size 6,000 shares (min. investment ₹144,000).
- Subscription window: 02 Aug–06 Aug 2024, listing on 09 Aug 2024.
- Current GMP is +₹6.0 (25.0%), an estimated listing price of ₹30 — unofficial and can change daily.
Picture Post Studios Limited is set to offer its shares at an issue price of ₹24.0, with a strong growth trajectory in revenue and profit. The IPO is anticipated to attract attention due to its positive GMP of ₹6.0, suggesting a potential listing gain of 25%.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Picture Post Studios IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Picture Post Studios IPO Grey Market Premium (GMP) Today
GMP
+₹6.0
GMP %
+25.0%
Est. Listing
₹30.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in 2019, Picture Post Studios Limited is a company that specializes in movie editing, computer-generated imagery (CGI), visual effects (VFX), video conversion, grading, and mastering films and commercials for various channels and digital platforms. The company offers a wide range of services for the entertainment industry. It specializes in visual effects, post-production, color grading, motion design, and creating captivating visual experiences for global audiences. The company offers the following services Offline Editing Services Computer Generated Imagery ("CGI") Mastering and Quality Check Visual Effects (VFX) Color Grading Creative Editoria Being a VFX studio, they provide a wide range of visual effects services. The production team oversees the process, and the artists use software, hardware, and proprietary tools to create outstanding VFX for Web Series, Commercials, Music Videos, and Films. The company's studio is situated in Khar colony, Mumbai. As of April 30 2024, the company had 105 employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 28.33 | 8.44 | 0.02 |
| Total Income | 26.55 | 10.85 | 0.29 |
| Profit After Tax | 3.44 | 0.60 | 0.22 |
| NET Worth | 8.59 | 1.13 | 0.01 |
| Reserves and Surplus | 4.85 | ||
| Total Borrowing | 8.18 | 2.73 |
Key Ratios
EPS
₹1.60
NAV
₹3.26
ROE
68.03%
ROCE
26.75%
RoNW
55.64%
P/B Value
7.36
P/E Ratio
15.02
Market Cap
₹70.32 Cr
PAT Margin
13.29%
Debt/Equity
0.79
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Digikore Studios Limited | 47.2 | 113.04% | 14.46 | 34.09 | 34.09 |
| Prime Focus Ltd. | 52.34 | -1.55% | -171.59 | -0.82 | -0.82 |
| Phantom Digital Effects Limited | 37.98 | 65.48% | 25.23 | 15.97 | 15.97 |
| Picture Post Studios Limited This IPO | 3.26 | 90.7% | — | 1.81 | 1.81 |
Promoters
Parish Tekriwal, Shailendra Ishwardas Chandgotia, Pooja Shailendra Chandgothia and Deepa Shailendra Chandgothia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements of our Company towards purchase of equipment and Software 8.04 2 Repayment/prepayment of all or certain of our borrowings availed by our Company 5.00 3 General Corporate Purpose 3.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹0.29 Cr in the period ending 31 Mar 2022, rising to ₹10.85 Cr by 31 Mar 2023, and further increasing to ₹26.55 Cr by 31 Mar 2024. This shows a significant growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.22 Cr in the period ending 31 Mar 2022, increasing to ₹0.60 Cr by 31 Mar 2023, and further rising to ₹3.44 Cr by 31 Mar 2024. This indicates a strong upward trend in profitability.
Valuation
At the issue price of ₹24.0, Picture Post Studios has an implied P/E ratio of approximately 15.02 based on its earnings per share (EPS) of ₹1.60. This is compared to peers with P/E ratios ranging from -171.59 to 25.23.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than the issue price, reflecting demand in the unofficial market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions. It's important to consider the company's financial health and industry position.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a competitive and rapidly evolving sector.
IPO Timeline, Explained
The IPO timeline includes the opening date on 2nd August 2024, closing on 6th August 2024, allotment on 7th August 2024, and listing on 9th August 2024.
Listing Gains — The Risk
Listing gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO. Investors should be prepared for potential fluctuations in stock price on the listing day.
This evaluation is generated from Picture Post Studios's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Picture Post Studios IPO GMP today?
Picture Post Studios IPO GMP today is +₹6.0 (25.0%), indicating an estimated listing price of ₹30. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Picture Post Studios IPO?
The price band of Picture Post Studios IPO is ₹22.0–₹24.0 per share.
When does Picture Post Studios IPO open and close?
Picture Post Studios IPO opens on 02 August 2024 and closes on 06 August 2024.
When does Picture Post Studios IPO list on the stock exchange?
Picture Post Studios IPO listed on 09 August 2024 at ₹30.0.
What is the lot size for Picture Post Studios IPO?
The lot size for Picture Post Studios IPO is 6000 shares, requiring a minimum investment of ₹144,000.
What is the lot size for this IPO?
The lot size for Picture Post Studios' IPO is 6000 shares.
What is the minimum investment required?
The minimum investment required is ₹144,000.
What is the price band for the IPO?
The price band for the IPO is between ₹22.0 and ₹24.0.
When is the listing date for the IPO?
The listing date for the IPO is 9th August 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Aug 2024
Close
06 Aug 2024
Allotment
07 Aug 2024
Listing
09 Aug 2024
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