QIP Fundraising Details
Basilic Fly Studio announced on 12 September 2025 that it has successfully raised ₹85 crore through a Qualified Institutional Placement. The company allocated 20,25,000 equity shares with a face value of ₹10 each at an issue price of ₹419.72 per share. This includes a discount of about five percent on the floor price as per SEBI regulations. The offering was fully subscribed, highlighting strong investor demand and confidence in the company’s future prospects.
Strategic Use of Funds
According to the company’s disclosure, the fresh capital will be channelled into multiple avenues of growth. Basilic Fly Studio intends to pursue inorganic growth opportunities including acquisitions, strategic investments, and joint ventures. A portion of the funds will also be used to strengthen and expand technology capabilities, which is expected to drive competitiveness in the fast-evolving media and entertainment industry.
Investor Participation and Management
Several institutional investors took part in the QIP round. Participants included HDFC Bank, North Star Opportunities Fund, Finavenue Capital Trust, Smart Horizon Opportunity Fund, Golden Equity, Nine Alps Trust, and Rajasthan Global Securities Private Limited. GYR Capital Advisors Private Limited acted as the book-running lead manager for the issue.
Market Performance and Share Trend
Despite the successful QIP announcement, Basilic Fly Studio shares ended Friday’s trading session on 12 September 2025 with a decline of nearly five percent at ₹449.95, compared to the previous close of ₹473.60. The company’s market capitalisation stood at ₹1,045.68 crore as of the same day. Over the past year, the stock has delivered a compound annual growth rate return of more than ten percent for investors. Historical data from the NSE shows that the company’s shares reached a 52-week high of ₹607.80 on 11 September 2024 and a 52-week low of ₹223.15 on 19 February 2025.
Outlook for Investors
The strong response to Basilic Fly Studio’s QIP indicates robust institutional backing and market confidence in the company’s long-term strategy. With clear plans to invest in acquisitions, partnerships, and technology, the company is aiming to strengthen its industry position and scale new growth opportunities. The near-term stock price movement may reflect market volatility, but the capital infusion signals positive momentum for the company’s broader expansion journey.
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