{"id":35369,"date":"2023-09-07T07:44:04","date_gmt":"2023-09-07T07:44:04","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2023\/09\/07\/basilic-fly-studio-limited-ipo-received-historic-oversubscription-of-287-times\/"},"modified":"2023-09-07T07:44:04","modified_gmt":"2023-09-07T07:44:04","slug":"basilic-fly-studio-limited-ipo-received-historic-oversubscription-of-287-times","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2023\/09\/07\/basilic-fly-studio-limited-ipo-received-historic-oversubscription-of-287-times\/","title":{"rendered":"Basilic Fly Studio Limited IPO Received Historic Oversubscription of 287 Times"},"content":{"rendered":"<div class=\"dsprime\"><img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"480\" src=\"https:\/\/northwestnewstimes.com\/wp-content\/uploads\/2023\/09\/1-12-1024x768-1.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>New Delhi (India), September 7<\/strong>: Initial public offer (IPO) of Basilic Fly Studio oversubscribed by\u00a0286.61\u00a0times, procuring\u00a0\u20b914,168.62\u00a0crore against IPO size of\u00a0\u20b9\u00a066.35 crore.<\/p>\n<p>Total number of shares offered for subscription was 68,40,000 equity shares of\u00a0which anchor\u00a0allotment was of 17,43,600\u00a0shares. The Company received total bids\u00a0of 13,52,79,600 \u00a0\u00a0for\u00a0QIB category was oversubscribed\u00a0by\u00a0116.34\u00a0times. NII Category was subscribed 549.44\u00a0times while retail portion (RII) category oversubscribed by\u00a0415.22\u00a0times making\u00a0an issue overall subscribed by\u00a0286.61\u00a0times garnering subscription money of\u00a0\u20b914,168.62\u00a0crore. The shares will be listed on NSE\u00a0Emerge.<\/p>\n<p>Basilic Fly Studio Limited, is one of the top visual\u00a0effects (VFX) studios in India having\u00a0headquarters\u00a0in Chennai and Pune\u00a0with subsidiaries operating in Canada and UK.\u00a0The Company till date has over 10,000 completed projects, BFS has worked with more than 300 clients, including 900 movies, 2,000 series, and 8,000 commercials.<\/p>\n<p>Mr. Balakrishnan, Managing Director &amp; CEO of Basilic Fly Studio Limited\u00a0said,\u00a0\u201cThe\u00a0company is overwhelmed by the confidence of the investors shown on us. Our vision is to emerge as\u00a0one of the\u00a0leading\u00a0VFX player\u00a0and will work towards garnering higher market share in times to come.\u00a0Our commitment remains steadfast \u2013 to solidify our position as a\u00a0prominent\u00a0VFX player in the industry and to continuously pursue a larger market share.<\/p>\n<p>This IPO not only strengthens our resolve but also equips us with the resources to dream bigger and achieve more\u201d \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n<p>Mr. Mohit Baid, Executive Director of GYR Capital Advisors Limited\u00a0said,\u00a0\u201cGYR Capital Advisors always strive to achieve its commitments to bring quality companies on board in SME Segment.\u00a0Basilic Fly Studio\u2019s IPO success reaffirms our belief in their potential.\u00a0<\/p>\n<p>This IPO will enhance Company\u2019s brand presence while IPO funding will increase its resources to drive future growth.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<p>&#013;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), September 7: Initial public offer (IPO) of Basilic Fly Studio oversubscribed by\u00a0286.61\u00a0times, procuring\u00a0\u20b914,168.62\u00a0crore against IPO size of\u00a0\u20b9\u00a066.35 crore. Total number of shares offered for subscription was 68,40,000 equity shares of\u00a0which anchor\u00a0allotment was of 17,43,600\u00a0shares. The Company received total bids\u00a0of 13,52,79,600 \u00a0\u00a0for\u00a0QIB category was oversubscribed\u00a0by\u00a0116.34\u00a0times. NII Category was subscribed 549.44\u00a0times while retail portion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[1343],"class_list":["post-35369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/35369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=35369"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/35369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media\/35370"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=35369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=35369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=35369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}