Studio LSD share price: Stock makes weak debut on NSE SME; here's how much investors lost

The stock listed at ₹43.20 apiece on the SME platform of the National Stock Exchange (NSE). This reflects a discount of 20% from the issue price of ₹54.

Studio LSD share price: Here's how much investors lost

The minimum investment for a retail investor was 4,000 shares. Investors who received the Studio LSD IPO have seen their investment value drop to ₹1,72,800 at the debut price.

Minutes into the trading, the scrip further fell 5% to ₹41.05, its lower-circuit limit.

The initial public offer sought to raise ₹70.13 crore through a fresh issue of ₹56.10 crore and an offer for sale (OFS) of ₹14.03 crore.

The money raised, to the tune of ₹18 crore, will be utilised for capital expenditure requirements and ₹24.92 crore for working capital needs. A part will also be used for general corporate purposes.

On the IPO, Prateek Sharma, Managing Director of Studio LSD, said, "The funds raised will be used to expand our operations, enhance our in-house post-production facilities, and adopt advanced technologies like VFX, AI, and immersive video. These steps will allow us to strengthen our creative capabilities, improve efficiency, and bring more innovative stories to audiences."

Studio LSD Ltd, a multimedia production house, makes original and captivating stories. The LSD stands for Laxmi, Saraswati and Durga. The firm is involved in all aspects of the content production, from ideation to distribution, hiring actors and crew, creating sets, and supervising the production and post-production process.

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

Studio LSD IPO GMP