Take a look at the current Grey Market Premium (GMP) for the Basilic Fly Studio IPO. The Grey Market Premium for Basilic Fly Studio IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
The Basilic Fly Studio IPO is scheduled to commence on September 01, aiming to raise ₹66.35 crores. Basilic Fly Studio excels in the field of Visual Effects (VFX) and is known for consistently delivering top-tier VFX solutions across various mediums such as film, television, web series, and commercial projects.
Their robust reputation in the industry is a result of building direct collaborations with a wide range of production houses and participating in subcontracting agreements with esteemed VFX companies and studios. In 2023, the company achieved a revenue of ₹70.51 crores, a significant increase from the ₹24.01 crores recorded in 2022. The IPO price range has been set at ₹92 to ₹97 per Equity Share, and the IPO will be listed on both NSE SME.
Basilic Fly Studio IPO GMP
Latest IPO GMP price for Basilic Fly Studio is Rs. 250. It has an increasing trend for last 5-6 days. The IPO will be listed on 13th September 2023. Here is the GMP trend for last few days. For the latest update you can check this IPO GMP page as well.
| Date | GMP |
| 7 September | ₹250 |
| 6 September | ₹250 |
| 5 September | ₹250 |
| 4 September | ₹250 |
| 3 September | ₹250 |
| 31 August | ₹150 |
| 30 August | ₹140 |
| 29 August | ₹130 |
| 28 August | ₹140 |
| 25 August | ₹150 |
Basilic Fly Studio IPO GMP FAQs
The Current GMP for Basilic Fly Studio IPO is Rs. 250.
The expected return for Basilic Fly Studio is around 250% of the invested amount on the listing day.
It depends on your financial goal and time horizon. Also look at your risk appetite while investing in to any IPO.
The listing date will be 13th September 2023.
The Grey Market Premium (GMP) is the additional price or premium that a stock or IPO (Initial Public Offering) commands in the unofficial or secondary market before it officially gets listed and traded on the stock exchange. It is essentially the difference between the price at which shares are being bought and sold in the grey market and the IPO’s issue price set by the company.
The grey market operates outside of the official stock exchanges, and it provides a platform for investors to trade shares of an IPO before they are available for trading on the stock market. The GMP reflects market sentiment and demand for the IPO shares before they become publicly accessible. If the GMP is positive, it means that the IPO is in high demand, and investors are willing to pay a premium to secure shares before they officially debut on the stock exchange. Conversely, a negative GMP indicates lower demand and suggests that investors are not willing to pay a premium for those shares.
Investors and market participants closely monitor the Grey Market Premium as it can provide insights into the perceived value and potential listing performance of an IPO. However, it’s important to note that GMP is unofficial and can fluctuate rapidly, so it should be considered cautiously when making investment decisions.
Disclaimer: The mention of IPO Grey Market Premium (Basilic Fly Studio IPO GMP) is applicable only for the specified date mentioned in the header. It is advised not to subscribe to an IPO solely based on the premium price, as it may fluctuate before listing. Make your subscription decisions based on the fundamental attributes of the companies involved.