Read on the application
There is good news for those waiting to put money into an IPO. Another company’s IPO is about to open. This company is Basilik Fly Studio IPO. The company’s IPO is yet to open, but shares of Basilik Fly Studios are starting to get a strong response in the gray market. The company’s shares are currently trading at a premium of 155% in the gray market.
The stock may be listed above Rs.240
The price band of Basilik Fly Studio IPO is Rs. 92-97 are. The gray market premium (GMP) of the company’s shares is already Rs. 150 has been reached. If the shares of the company are allocated at the upper price band of Rs 97, then it can be listed at Rs 247. That is, investors can get huge profit of 155% on the day of listing.
Also Read- DRDO awarded company, 20% upper circuit in shares, price less than Rs 100
The IPO will open on 1st September, the listing date is 13th September
Basilik Fly Studio’s IPO will open for subscription on Friday, September 1. The company’s IPO will be open for subscription till Tuesday, September 5, 2023. Allotment of shares in the IPO will end on September 8. At the same time, the company’s shares may be listed on September 13. Retail investors can bid for 1 lot in Basilik Fly Studios IPO. 1 lot of IPO has 1200 shares. That means investors have to invest 116400 rupees.
Also Read- Company Is Giving 2 Bonus Shares For 1 Share, Change Of Record Date, Know New Date.
What does the company do?
Basilic Fly Studio Ltd is a Visual Effects (VFX) studio. It has subsidiaries in Canada and the UK. Basilik Fly Studios provides visual effects solutions for movies, television, net series and commercials.
Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.