Schedule of Picture Post Studios
| Issue open date | 02 Aug 2024 |
| Issue close date | 06 Aug 2024 |
| UPI mandate deadline | 06 Aug 2024 (5 PM) |
| Allotment finalization | 07 Aug 2024 |
| Refund initiation | 08 Aug 2024 |
| Share credit | 08 Aug 2024 |
| Listing date | 09 Aug 2024 |
| Mandate end date | 21 Aug 2024 |
| Lock-in end date for anchor investors (50%) | 06 Sep 2024 |
| Lock-in end date for anchor investors (remaining) | 06 Nov 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Picture Post Studios
Incorporated in 2019, Picture Post Studios is a creative and innovative post-production Company specializing in film editing, Computer Generated Imagery (CGI), visual effects (VFX), video conversion, grading, film, and Commercial mastering of channels and digital platforms.
The company offers a wide range of services to cater to the diverse needs of the entertainment industry covering the entire spectrum of post-production requirements ranging from digital intermediates and visual effects to online editorials and operates as a studio, specializing in Films, Web series and advertisements, With a strong focus on high-end colour grading, motion design, visual effects, and online editing.
Financials of Picture Post Studios
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹18.72 crores |
| Fresh Issue | ₹18.72 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 8.04 (43%) |
| Debt reduction | 5 (26.7%) |
| General corporate purposes | 5.68 (30.3%) |
*All figures except EPS are in ₹ Crores
Strengths
- Enrollment as the trusted partner by Trusted Partner Network (TPN): The company is a Trusted Partner Network (TPN) certified VFX provider. TPN, owned and managed by the Motion Picture Association (MPA) in the USA, is a global industry-wide film and television content protection initiative. The TPN helps companies prevent leaks, breaches, and hacks of their clients’ movies and television shows before their intended release and seeks to raise security awareness, preparedness, and capabilities within the industry.
- A proprietary technology platform that ensures scalability: One of the key aspects of the business model is a strong focus on technology aimed at ensuring that the producers, Directors, and advertisers have a ‘hassle-free’ and smooth execution and final stage experience by focusing on limitless creative possibilities, cost-effectiveness, time-saving, etc.
Risks
- Stiff competition from larger players: The company faces intense competition from Indian competitors, many of which are substantially larger and have greater financial resources. This may impact the company’s ability to attract creative and technical talent and other scarce resources including content, which could have a material adverse effect on the business, prospects, financial condition, and results of operations.
- Dependance on relationships with production houses and film directors: The Company generates projects through its relationship with production houses, film directors, and other industry participants. Any failure to maintain these relationships, or to establish and capitalize on new relationships, could harm the business or prevent the business from growing.
- Negative cash flows from investing activities: The company has had negative cash flows from investing activities in the last 3 years. Negative cash flows over extended periods, or significant negative cash flows in the short term, could affect the company’s ability to operate the business and implement its growth plans.