Picturepost Studios Ltd. has announced public offering of 7800000 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 23.00 per share. The gross proceeds of the issue are expected to be Rs 1,872.00 lakhs.

The company's initial public offer (IPO) will open on 02 August 2024 and is expected to close on 06 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 22.00-24.00 per share.

The IPO includes a fresh Issue of 7800000 Equity Shares of the Company at an price of Rs 24.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Picturepost Studios Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.