Basilic Fly Studio Limited IPO (Basilic Fly Studio IPO) Detail

Circuit revision on 26th.

kya sme me 3rd party allotment milta hai ??

It seems the operators have set upper price at 300. Sell or buy orders keeps coming without LC or UC. Great work done...

Is it good or bad, could not understand your comment.

Today under LC...

What should we do?

​@ANILKS  as per your previous messages, I understand you are lucky enough to have one lot out of 5 applications.

I purchased one lot yesterday in the upper circuit. I am planning to hold long-term. I already hold 3 SMEs from time, and I am convinced the fundamentally strong businesses will perform well in the long run.

With that idea, I took a position yesterday. After seeing @Noorul ji buying on listing day, I took this decision on my own.

Coming to Upper Circuit and Lower Circuit, nothing is permanent. Let's hope for better.

Anyone who took a fresh position yesterday, Say Hi here.

One of my another friend got basilic allotment. He opened his account few days back when I encouraged him to open a demat account and he got his first allotment as Basilic.

What a luck he has.

Chance of allotment in new account is very high.

Hold or sell? What should the current strategy be for a retail investor?
Esteemed members please guide

Bought in preopen. Good price to entered.

Bought 2 lots today...

@Noorul. Sir wether preopen allowed in Motilal Oswal brokers. Please reply. Thanks

tomorrow by noon we may see selling of appx 2-3 lacs shares..Today mansi and multiplier were not active in Basilic bcoz of lack of fund..They were there in Ratnaveer thats why no deals in basilic.

They have to buy it first. They can do BTST but not intra day here.

Only one bulk deal today.

11-Sep-2023      BASILIC      Basilic Fly Studio Ltd      VIJIT GLOBAL SECURITIES PRIVATE LIMITED      BUY      2,02,800      279.50      -

Moreover, if dumping comes more opportunities to buy it.

As Ratnaveer list in 'T'group and Multiplier bought 250004 and shorted 4 shares.

11-Sep-2023      RATNAVEER      Ratnaveer Precision Eng L      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      BUY      2,50,004      123.20      -
11-Sep-2023      RATNAVEER      Ratnaveer Precision Eng L      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      SELL      4      125.65      -

They may dump or make 'Teji', only they know their future action. Guess karne ka koi fayda nahi.

hey guys my fund from indusind bank is not revoked till now,anyone else facing this problem?

still it is not revoked. Very bad bank management.

Market Maker Shares Offered      were 1,026,000. Since the IPO was oversubscribed who were allotted these shares

Its quite unusual allotment for MM, 10 Lakh+, In addition Purva not coming clean with BOA.

Bought in Preopening @271.
Is intraday allowed in the stock though I have no intention of selling. Just want to keep a watch on delivered volume EOD

no..and dont even try to sell it..if your broker allows it by mistake then you gonna face heavy short selling penalty.

Thanks ManishDwiv

Jai Ho Rajasthan securities! Whenever they are anchors, they are first to sell.

Should be. Will see bulk trades at the end of the day. They seem to manage allotments etc well

Anchor have lock in period.
Rajasthan security didn't sold

Hi Everyone,

In BOA, (Basis of Allotment) for Basilic at https://www.chittorgarh.com/images/screenshots/Basilic-Fly-Studio-BoA.jpg in NII category we see only 10 columns category wise, 3.6 K, 4.8K, 6K, 7.2K, 8.4K, 9.6K, 10.8K, 12K, 13.2K and 24K.
Investors who had made bid for more then 24K shares are not available is it, this allotment is not done on basis of subscription.
Or here the allocation formula is different.

​@M Gupta Sir superb reply from them 😂😂😂.

Now we should go and search from the leading newspapers from every state, or there are some rules, (I basically do not know) that BOA should be published on some National Newspapers

BOA was published in business standard on 9th or 11th date, but it is same as it uploaded here.

detailed review of basilic.
📌📌📌
Basilic Fly Studio Ltd has worked on renowned films such as Avengers Endgame, Avatar 2, Spiderman Far from Home, Extraction 2, shang-chi ✅ etc. Additionally, their expertise extends to hit series like Stranger Things 4, The Crown, The Witcher, etc. Also, The Company has been audited by multiple studios like Netflix, Disney, FOX Studios, SONY,🔥 etc.

📍📍➡️
▪️Incorporated in 2016, Basilic Fly Studio Ltd. (BFSL) is a Chennai headquartered visual effects (VFX) studio in India with subsidiaries operating in Canada and the UK which specialize in creating visual experiences that captivate audiences around the world. BFSL has emerged as a top visual effects (VFX) studio in India transforming imaginations into visuals.

▪️Basilic Fly Studio provides VFX solutions for movies, TV, net series, and commercials. BFSL's service list includes:-
1)Final Compositing and Rotoscopy.
2)Camera/ Body Tracking and Rotomation/ Object Tracking.
3)Paint And Preparation.
4)Previs or Previsualization.
5)Computer Graphics.
6)Onset Supervision.

▪️The company holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials. BFSL has established a strong presence in the industry by forging direct partnerships with diverse production houses, as well as collaborating with prominent VFX companies and studios through sub-contracting arrangements✅. Many VFX companies and studios choose to outsource certain aspects to specialized teams that are equipped with expertise, infrastructure, and technology to manage large-scale VFX projects. It has generated major revenue from VFX companies and Studios. Average over 88% of annual revenue comes from sub-contract services.

▪️Over ten years, BFSL has consistently pushed the boundaries of creativity and technology. The Company boasts a team of skilled artists and a commitment to the latest technological advancements🔥, setting them apart in the industry.

▪️With an impressive track record of serving over 300 clients and delivering a staggering 10,000+ projects, BFSL's proficiency is evident. Their extensive credentials include contributions to 900+ films✅, involvement in 2,000+ series✅, and the production of 8,000+ commercials✅. Their portfolio showcases their vast expertise in the industry.

▪️The company has over 500 skilled individuals and has offices in Pune, London, and Vancouver💫.

▪️BFSL has mastered in VFX studios and has a global presence with a niche place🔥.

📌📌
▪️IPO price: Rs.97
▪️IPO size: 66.35 CR
▪️Market cap: Rs.660CR
▪️CMP:Rs.284
▪️P/E: 24
▪️ROE:155.63%
▪️EPS: 12( post ipo)
▪️ROCE:104.73%
▪️Debt/Equity:0.14
▪️RoNW:87.59%

📌FINANCIALS:
▪️FY23 revenue is 78.95 CR as compared to 25.28 CR(FY22), 212%✅ growth yoy.
(Revenue breakup:-North America-35%, Europe-44%, Australia and New Zealand-16% ,Rest of the world-5%)

▪️FY23 PAT is 27.74 CR as compared to 0.9 CR(FY22), 2980%✅ growth yoy.
▪️355%🔥 growth in Revenue in last 2 years.
▪️8140%🔥 growth in PAT in last 2 years.
▪️CLOSING CASH AND CASH EQUIVALENT: 10.17Cr
(It has posted spectacular performance for FY23, reaping the benefits of timely expansion. The company is expanding further to enhance its global reach and is poised for bright prospects ahead.✅)

📌Awards:
Basilic Fly Studio has been awarded:-
➢Company of the year (Creative Media Solution 2022) at India Icons Awards.🔥
➢most prominent Company 2023 (Animation Category) at Nation Wide Awards. 🔥
➢Excellence in VFX and Post Production at the Times Business Awards 2023. 🔥

📌IPO funds:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

1)Expenditure for setup of Studio/Facility at Hyderabad and Salem.(Rs. 21.36 cr)✅
2)Expenditure for adding infrastructure to further strengthen the existing facilities/offices of the company located in Chennai and Pune.(Rs. 19.61 cr.)✅
3)Making investments through equity in the subsidiaries for expansion of workspace by acquiring new office space located in London and strengthening the existing facilities/offices located in Vancouver.(Rs. 4.65 cr.)✅
4)General Corporate Purposes and Issue Expenses.

📌PEERS:
As per the offer document, BFSL has shown Phantom Digital as its listed peer. It is currently trading at a P/E of 34.20 (as of August 29, 2023). However, they are not truly comparable on an apple-to-apple basis.

📌SECTOR GROWTH:
▪️The global animation and visual effects market size was estimated at USD 168 billion in 2021 and is projected to grow to USD 290 Bn by 2024 at a CAGR of 10.94% between 2020 and 2026.✅

▪️Visual effects (VFX) are a crucial part of today’s media and entertainment industry. About 90 percent of films, videos, and series use visual effects.💫

▪️The global visual effects (VFX) market attained a value of USD 9.95 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 10.4% to reach almost USD 18.02 billion by 2028. The global market is being led by North America, majorly being driven by the increasing use of VFX in Hollywood movies. ✅

▪️In 2023, the Indian VFX sector grew by 120 per cent to reach Rs 42.6 billion, while post-production grew by 54 per cent to reach Rs 18.2 billion. Jointly the animation, VFX and post-production sector is expected to reach Rs.180 billion by 2024.✅

▪️Indian film makers are significantly increasing their spending on VFX in the domestic market. High-budget films like Brahmastra and RRR allocated 25% to 30% of their total production budget to VFX works 🔥.

📌STRENGTH:
➢Well equipped with advance technology.✅
➢Experienced Promoters and Technically Sound Operation Team.
➢They have established a strong presence in the industry by forging direct partnerships with diverse production houses, as well as collaborating with prominent VFX companies and studios through sub-contracting arrangements.
➢Strict quality control in production process.

📌Weakness:
▪️High cost of capital, basic inputs, and manpower cost.✅
▪️Upgradation of knowledge on new technologies deployed and services provided by the Company.
▪️Dependency on KMPs.

📌FUTURE PLAN:
▪️Focusing on Increasing Process Services & consistency in operating practices.

▪️Expanding their Network and Enhance customer base by entering new geographies. ✅

▪️Growing their business with existing clients with quality and efficient services.

▪️The company plans to open 2 more dedicated facilities in India.✅

▪️Company wishes to have its physical presence in Eastern Europe and South Korea in future times to come.✅

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing.

added 5 lots in preopen..lets see.

Sir your view on basilic fly ?

10lacs shares exchanged hands..only 10lacs shares to go..open shares are appx 28lacs.

Out of total IPO shares 1/4 hands changed in first 5 min....

Told yesterday only listing will be less then 200 .
Hows that !

Jab ek hi din me teen ipo list honge to QIB wale kis kis me dimag lagayenge isliye listing gain kam hua 😇

Listed lower than expectations!
Seems a good buy at this price.