What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Basilic Fly Studio Limited IPO allotment date?

The basis of allotment for Basilic Fly Studio Limited IPO is scheduled to be finalized on 7 Sep 2023.

Where can I check Basilic Fly Studio Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Purva Sharegistry India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 8 Sep 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Basilic Fly Studio Limited

ListedSME

Media & Entertainment · NSE

Basilic Fly Studio Limited, incorporated in 2016, is a visual effects (VFX) studio headquartered in Chennai, India, with subsidiaries in Canada and the UK. The company provides VFX solutions for movies, TV shows, web series, and commercials, offering services such as final compositing and rotoscopy, camera/body tracking, rotomation/object tracking, paint and preparation, previs (previsualization), computer graphics, and onset supervision. Basilic Fly Studio has over 500 skilled professionals and offices in Pune, London, and Vancouver. The company recorded Rs. 7,895.15 lacs in revenue for fiscal 2022-23.

Price Band

₹92 – ₹97

Issue Size

₹66.35 Cr

Lot Size

1200 shares

GMP

₹160

+164.9%

Est. Listing

₹257

at current GMP

Subscribed

358.85x

overall

Open

1 Sep 2023

5 Sep 2023

Allotment

7 Sep 2023

Refund

8 Sep 2023

Demat Credit

9 Sep 2023

Listing

11 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Basilic Fly Studio Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

7 Sep 2023

Basis finalization

Refunds Initiate

8 Sep 2023

Mandate release

Demat Credit

9 Sep 2023

Shares in demat

Listing Debut

11 Sep 2023

Trading begins

About Basilic Fly Studio Limited Public Issue & Market Profile

Basilic Fly Studio Limited is bringing an initial public offering (IPO) in the Media & Entertainment sector with an aggregate issue size of ₹66.35 Crores. The shares are offered at a price band of ₹92 to ₹97 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,16,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-09, while un-allotted funds or UPI block mandates will be released on 2023-09-08.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.