Picturepost Studios Ltd - IPO

Picturepost Studios Ltd IPO Details

Initial public offer of 78,00,000 equity shares of face value of Re. 1/- each (the Equity Shares) of Picturepost Studios Limited (The Company or Picturepost Studios or PPSL or The Issuer) for cash at a price of Rs. 24/- per equity share including a share premium of Rs. 23/- per equity share (the Issue Price) aggregating to Rs. 18.72 crores (The Issue), of which 3,96,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 24/- per equity share including a share premium of Rs. 23/- per equity share aggregating to Rs. 0.95 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 74,04,000 equity shares of face value of Re. 1/- each at a price of Rs. 24/- per equity share including a share premium of Rs. 23/- per equity share aggregating to Rs. 17.77 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.62 % and 25.27 % respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Re. 1/- each. The issue price is 24/- times the face value of the equity shares.

Objective of issue

Funding of capital expenditure requirements of the company towards purchase of equipment and software. Repayment/prepayment of all or certain of its borrowings availed by the company. General corporate purposes.

Picturepost Studios Ltd Contact Details

Picturepost Studios Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@picturepoststudio.com

Website - www.picturepoststudio.com