NSE-Listed VFX Company Unveils Opening of QIP; Floor Price Fixed At Rs. 441.81

On Monday, Basilic Fly Studio Limited (NSE: BASILIC) declared that its Qualified Institutional Placement (QIP) issue will begin on September 8, 2025. Allotment will take place on September 11, 2025, and the QIP will open on September 8, 2025, and end on September 11, 2025. In contrast to the current market price of Rs 500 for the company's equity shares, the floor price has been fixed at Rs 441.81.

"We further wish to inform you that the 'Relevant Date' for the purpose of the Issue, in terms of the Regulation 171(b)(i) of the SEBI ICDR Regulations, is September 08, 2025 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is Rs. 441.81/- per Equity Share. Pursuant to the SEBI ICDR Regulations, the Company may offer a discount of not more than 5% on the floor price so calculated for the Issue," said Basilic Fly Studio in a stock exchange filing.

GYR Capital Advisors Private Limited is the QIP issue's Book Running Lead Manager (BRLM). The QIP's proceeds will be used strategically to finance informal development prospects, such as joint ventures, acquisitions, strategic investments, and technical expansion plans.

Basilic Fly Studio (BFS) delivered record-breaking financial performance in FY25, reporting a sharp surge in revenue to Rs 306.1 Cr, marking a 2.9x growth compared to Rs 105.8 Cr in FY24. EBITDA climbed 20.1% YoY to Rs 62.7 Cr with margins of 20.5%, while net profit improved 24.8% YoY to Rs 45.6 Cr with a margin of 14.9%. Additionally, operating cash flow showed a significant reversal at Rs 9.6 Cr from a negative level in the prior year. Strategic expansion initiatives were reflected in the low net debt of Rs 8.4 Cr compared to a net cash position of Rs 40.3 crore in FY24.

With projects totalling Rs 150 Cr currently listed in the company's forward order book, the current fiscal year is off to a solid start.

Commenting on the growth outlook for 2026, Balakrishnan R.- Managing Director & CEO at Basilic Fly Studio Limited said "Looking ahead, BFS is exceptionally well-positioned to capture the next wave of VFX industry growth. The order pipeline remains robust, with expansion plans for both the UK and Canada to meet surging global demand."

"Looking forward, we expect revenue growth to be supported by a healthy Rs 150 crore forward order book, ongoing demand for VFX and post-production services across OTT, film, and gaming sectors, and the continued integration benefits from OOU," commented Gaurav Mehra, Chief Financial Officer at Basilic Fly Studio Limited.

With ROE at 28% and ROCE at 23% for FY25, the company's return metrics are still high and provide a solid basis for potential value creation for shareholders.