Ashish Kacholia bought 5.47 lakh shares in SME stock Basilic Fly Studio. The company is in the process of setting up a studio in Hyderabad from the funds raised via the IPO. The stock has delivered bumper returns to investors since its listing on exchanges.
According to the latest shareholding pattern available with the exchanges, Kacholia bought 5.47 lakh shares in the Chennai-based VFX company BASILIC FLY STUDIO
The MCap is ₹ 1,073.69 Cr. The PB Ratio is 21.36. The 52W H/L is ₹462 / 252.
BASILIC FLY STUDIO is majority-owned by promoters with a 59.9% stake, while the public owns the rest 40.1%. Among the public shareholders, there is no significant domestic or foreign institutional investment.
Basilic Fly Studio’s Rs 66-crore IPO, which was launched in September last year, received a whopping subscription of 286 times, which resulted in a listing gain of nearly 180%.
Since then, the shares have rallied nearly 70%. Those who had invested in the IPO, which was priced at Rs 97, are currently sitting on a return of 371%.
Basilic Fly Studio has worked for several Hollywood films like ‘Avengers: Endgame’, ‘Spider-Man: No Way Home’ and ‘Top Gun: Maverick’ among others.
Basilic Fly is a VFX studio based in Chennai with subsidiaries operating in Canada and the UK. The company holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials.
The company is in the process of setting up a studio in Hyderabad from the funds raised via the IPO.
Basilic has huge potential for growth opportunities given the rising scale of animation and VFX across the world. In India, the animation sector was valued at Rs 2,450 crore ($330 Mn) in 2020. A significant proportion of revenues (70-75%) for this sector in India came from international clients.
For the first half ended September 2023, the company has recorded revenues of Rs 51.6 crore and net profit of nearly Rs 19 crore.
Meanwhile, Kacholia’s portfolio in fiscal 2024 so far has exceeded expectations with as many as nine stocks turning multibaggers. As per the latest corporate shareholdings filed, he publicly holds 45 stocks with a net worth of nearly Rs 3,000 crore.
Download Pdf of research report on Basilic Fly Studio multibagger: Not Available
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