Picture Post Studios IPO: Check allotment status and listing date

Picture Post Studios Limited IPO shares allotment status is expected to be finalised on Wednesday, August 7, after the public offer closed with a huge subscription.

The NSE SME IPO was open for subscription from August 2 to August 6.

At the end of the three-day bidding period, the initial public offer (IPO) was oversubscribed by 266.60 times. The portion reserved for non-institutional investors (NIIs) was subscribed the most, almost 390 times, while the retail investors’ quota was overbid by 308 times. The qualified institutional buyers (QIBs) category was subscribed over 101 times.

Shreni Shares Ltd. was the book-running lead manager and market maker of the Picture Post Studios IPO, while Bigshare Services Pvt Ltd was appointed as the registrar.

If you were also a subscriber to the Picture Post Studios IPO, you can check the allotment status of your application on the websites of the NSE and the registrar, Bigshare Services.

Steps to check IPO share allotment status on Bigshare Services

• Visit the link https://www.bigshareonline.com/ipo_Allotment.html, or click here.
• Click any of the three server options 1, 2 and 3.
• Under the ‘Company Selection’ tab, choose ‘Picture Post Studios’ from the dropdown menu. In case the name is not visible there, it means that the allotment status has not been finalised yet.
• Under the ‘Selection Type’ tab, choose either Application number, or Beneficiary ID, or PAN ID as a part of the customer identification process.
• Enter the ‘captcha’ visible on the screen. And click on the ‘Search’ button.
• You would be able to check the allotment status of your application on screen along with the number of lots allotted.

Steps to check IPO allotment status on NSE

• Go to the NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password. Registering on the NSE website is necessary to check the IPO allotment status.
• Select Picture Post Studios from the drop down menu for issue name
• Enter PAN
• Enter Application Number
• Click Submit

Picture Post Studios IPO listing date and other details

Successful bidders who have been allotted shares can expect them to be credited to their respective Demat accounts by Thursday, August 8, while refunds will be initiated for the remaining bidders on the same day. The Picture Post Studios stock is likely to list on the NSE Emerge platform on Friday, August 9.

Picture Post Studios IPO was a 100% book-built issue that aimed to raise a total of ₹18.72 crore. The issue comprised a fresh issuance of 78 lakh shares with no offer-for-sale (OFS) component.

The price band of the IPO was fixed at ₹22-24 per share, with the minimum bid quantity of 6,000 shares and in multiples thereafter.

Ahead of the launch of the IPO, Picture Post had also raised ₹5.3 crore from anchor investors by allocating a total of 22.08 lakh shares at an average price of ₹24 per share.

Picture Post Studios had said that it proposed to use the net proceeds from the issue to fund capital expenditure requirements, purchase equipment and software, repay/prepay the company's borrowings, and for general corporate purposes.

About Picture Post Studios

Picture Post Studios is a Mumbai-based digital studio skilled in high-end visual effects, animation, design and creative development for advertising, films, and other media. It offers enhanced visual effects services for both component movies and TV arrangements.