IPO Details
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IPO Size
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Schedule of Studio LSD Ltd
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Studio LSD Limited IPO
Studio LSD Limited IPO is an IPO of up to 1,37,50,000 equity shares. It consists of an offer for sale of up to 27,50,000 equity shares and a fresh issue of up to 1,10,00,000 equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA and the initiation of refunds will take place on TBA.
Objective of Studio LSD Limited IPO
- Capital expenditure.
- Working capital requirements.
- General corporate purposes.
Studio LSD Limited IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | Up to 27,50,000 |
Fresh Issue | Up to 1,10,00,000 |
EPS (₹) For the year ended March 31, 2024 | 2.67 |
Studio LSD Limited IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not more than 50% |
Retail Shares Offered | Not less than 35% |
NII (HNI) Shares Offered | Not less than 15% |
Industry Outlook
The Indian Media & Entertainment (M&E) sector is set for substantial growth, with a projected 10.2% increase, reaching ₹2,55,000 crore (US$ 30.8 billion) by 2024 and a 10% CAGR, hitting ₹3,08,000 crores (US$ 37.2 billion) by 2026. The Indian media and entertainment sector posted a robust 19.9% growth in 2022 and crossed the ₹2,00,000 crores (US$ 24 billion) mark in annual revenue for the first time, led by a sharp jump in the digital advertising mop-up. India’s OTT video industry is expected to reach ₹21,032 crore (US$ 2.63 billion) by 2026. India’s newspapers and consumer magazines industry is expected to reach ₹29,945 crore (US$ 3.756 billion) by 2026.
Company Information
Studio LSD where LSD stands for Laxmi Saraswati and Durga, is a multimedia production house specialising in original and captivating stories, partnering with artists from the film and television industry. They are involved in every aspect of the content-making process, from idea to distribution and financing the projects, hiring actors and crew members, scouting locations, creating sets, managing the budgets, and overseeing the entire production and post-production process.
Studio LSD Ltd Strengths
Creative Excellence
One of their core competitive strengths lies in its innovative and captivating storytelling. The company consistently develops original and compelling content across various genres, resonating deeply with audiences and setting it apart from competitors.
Comprehensive production capabilities.
The company manages the entire production process in-house, from concept development and pre-production planning to post-production and final delivery. This integrated approach allows for greater control over quality, timelines, and budget management, distinguishing it from competitors who may outsource some production phases.
Diverse content portfolio.
They produce a diverse range of content, including episodic dramas, reality shows, and special event programming. This diversity not only caters to varied audience preferences but also mitigates risks associated with fluctuations in genre popularity or viewer demographics.
Risks of Studio LSD Limited IPO
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The company relies on distributors, broadcasters, and TV channels for the display of the shows. Any delay in payment from these distributors and TV channels will significantly affect our revenues and profitability.
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Regulatory compliance and litigation risk can cause business disruptions and an increase in compliance costs.
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The business is dependent upon the taste and preferences of the audience. Any shift in consumer taste and preference will have a negative impact on their business.
All Financial Information about Studio LSD Ltd
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter | Studio LSD Limited | Baweja Studios Limited | PicturePost Studios Limited |
|---|---|---|---|
Total Income | - | - | - |
P/E | - | 12.31 | 25.20 |
EPS (Basic) | 2.67 | 5.44 | 1.23 |
Return on Net Worth | 104.71% | 8.57% | 39.53% |
NAV per share | 4.65 | 63.50 | 3.12 |
Anchor Investor Information
The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Corpwis Advisors Private Limited
Registrar for the IPO is Purva Sharegistry (India) Private Limited
Business Model
The company earns its revenue by offering the following services:
- Concept Development
- Scriptwriting and Screenplay Development
- Line Production
- Post-Production Services
- Distribution and Marketing Support
- Consultation and Strategy Development
- Innovation and Adaptation
- Customised Solutions
Company Growth Trajectory
The revenue from operations consists of revenue from production of TV daily soaps and serials. Their revenue from operations as a percentage of total revenue was 99.66%, 99.98%, 99.92% and 99.98% for 6M FY25, FY24, FY23 and FY22 respectively. Other income comprises of interest income from fixed deposits with banks, dividends and gains from mutual funds. Other income as a percentage of total revenue was 0.34%, 0.02%, 0.08% & 0.02% for 6M FY25, FY24, FY23 and FY22 respectively.
Company Market Position
With a track record of successful productions and longstanding relationships with major broadcasters and streaming platforms, the company enjoys a strong industry reputation. This reputation not only attracts top-tier talent but also secures lucrative production contracts and distribution opportunities.
Studio LSD Limited Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Revenue from operations (₹ crores) | 14.611 | 46.676 | 102.475 |
Profit Before Tax (₹ crores) | 0.903 | 3.636 | 14.662 |
Net profit / (loss) (₹ crores) | 0.909 | 2.794 | 10.903 |
EBITDA (₹ crores) | 0.972 | 3.740 | 14.821 |
EPS (₹) | 0.22 | 0.68 | 2.67 |
Studio LSD Limited Cash Flow
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹crores) | 0.903 | 3.636 | 14.662 |
Net Cash from Operating Activities (₹ crores) | 0.5535 | 1.000 | 7.578 |
Net Cash from Investing Activities (₹ crores) | (0.031) | (0.196) | (2.363) |
Net Cash from Financing Activities (₹ crores) | (0.502) | (0.481) | (0.067) |
Cash and Cash Equivalents (₹ crores) | 0.257 | 0.580 | 5.729 |
How To Check Allotment Status of Studio LSD Limited IPO?
You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar Purva Sharegistry (India) Private Limited. To check the status on the NSE website:
- Visit the NSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Studio LSD Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Purva Sharegistry (India) Private Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Studio LSD Limited from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Studio LSD Ltd IPO FAQs
What is the Studio LSD Limited IPO?
The Studio LSD Limited IPO has an issue size of up to 1,37,50,000 equity shares. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for Studio LSD Limited IPO?
Purva Sharegistry (India) Private Limited is the registrar for this IPO.
Where can I read more about Studio LSD Limited business?
You may read more about Studio LSD Limited and its IPO from the company’s draft red herring prospectus (DRHP) here.
