Studio LSD IPO fully subscribed on opening day: Check price band, lot size, key dates and more

Studio LSD IPO: The initial public offering of multimedia production house Studio LSD opened for subscription on Monday, August 18. The issue will conclude on Wednesday, August 20. The price band is set at ₹48 to ₹51 per equity share.

The initial share sale seeks to raise ₹70.13 crore via a fresh issuance of ₹56.10 crore and an offer for sale (OFS) aggregating to ₹14.03 crore.

The funds to the tune of ₹18 crore will be used for capital expenditure needs and ₹24.92 crore for working capital requirements. A portion will also be used for general corporate purposes.

Studio LSD IPO: Subscription details

The offer has been fully subscribed on the first day of subscription on Monday, with bids for 1,38,58,000 shares compared to 1,37,50,000 shares on offer, according to the NSE data until 3:13 pm.

Studio LSD IPO: Lot size

A lot consists of 2,000 shares. Individual investors can apply for a minimum of 4,000 shares. For high net-worth individuals, the least investment is 6,000 shares.

Studio LSD IPO timeline: Allotment and listing dates

Corpwis Advisors Pvt Ltd is the issue's book-running lead manager, while Purva Sharegistry (India) Pvt Ltd is the registrar.

About Studio LSD

Studio LSD, a multimedia production house, specialises in original and captivating stories. The LSD stands for Laxmi, Saraswati and Durga. The company is involved in every aspect of the content-making process, from idea to distribution, hiring actors and crew, creating sets, managing the budgets, and supervising the production and post-production process.

Studio LSD IPO GMP