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Basilic Fly Studio IPO makes a stellar debut on NSE SME; stock lists at 179% premium


Basilic Fly Studio IPO listing date: Basilic Fly Studio Ltd shares listed on the NSE SME exchange at a premium on Monday. Basilic Fly Studio share price was listed at 271 per share, 179.4 percent higher than the issue price of 97 on the NSE SME exchange.

Basilic Fly Studio IPO opened for subscribers on Friday, September 1 and closed on Tuesday, September 5. Basilic Fly Studio IPO saw a strong subscription as the issue was subscribed 286.6 times with bids for 146 crore equity shares as against the issue size of 50.96 lakh shares.

Basilic Fly Studio IPO details 

Basilic Fly Studio IPO, which is worth 66.35 crore, consists of fresh issue of 6,240,000 shares that aggregates to 60.53 crores ,and offer for sale of 600,000 shares of 10, which totals to 5.82 crores. The company intends to use the net proceeds from the offering to pay for the following objectives, including the establishment of studios and facilities in Salem and Hyderabad as well as the addition of infrastructure to the company’s current offices in Chennai and Pune.

Making investments through equity in the subsidiaries for general corporate purposes, issue costs, and workspace development by acquiring new office space in London as well as upgrading the current facilities/offices in Vancouver. Basilic Fly Studio IPO lot size is 1,200 shares.

Basilic Fly Studio IPO GMP today

Basilic Fly Studio IPO GMP today or grey market premium is +230 higher than the previous trading session, which was +220. This indicates Basilic Fly Studio share price were trading at a premium of 230 in the grey market on Monday, according to

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Basilic Fly Studio share price is 327 apiece, which is 237.11% higher than the IPO price of 97.

According to, the lowest GMP is 0, while the highest GMP is 280. 

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

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Updated: 11 Sep 2023, 10:12 AM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.