Basilic Fly Studio Limited
Start Date01-09-2023
Application Timing10am-5pm
Price Range₹92 - ₹97
Min Qty1200
Min. Investment₹110400
Listing DateNA
Close Date05-09-2023

About Basilic Fly Studio Limited

Basilic Fly Studio is a visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operating at Canada and UK, which specialize in creating visual experiences that captivate audiences around the world. They hold proficiency in the VFX industry and have delivered high-quality VFX solutions for movies, TV, net series, and commercials.

They specilize in

Final Compositing and Rotoscopy,
Camera/ Body Tracking and Rotomation/ Object Tracking,
Paint And Preparation,
Previs or Previsualization,
Computer Graphics, and
Onset Supervision.

The company has over 500 skilled individuals and has offices in Pune, London, and Vancouver.

The global animation and visual effects market size was at USD 168 billion in 2021 and is projected to grow to USD 290 Bn by 2024 at a CAGR of 10.94%. One of the main factors leading to the development of the VFX market worldwide is the introduction of Augmented Reality (AR). The increasing demand for digital content has created a need for innovation in visual effects for new experiences like AR. The global gaming market was valued at USD 198.4 Bn in 2020 and is expected to reach USD 314.4 billion by 2026, growing at a CAGR of 9.64%

In India, jointly the animation, VFX and post-production sector is expected to reach Rs.180 billion by 2024.

Why To Invest in Basilic Fly Studio Limited

Niche player in the VFX market, global presence in a growing business segment. IPO proceeds will be utilised to set up new studios and infrastructure in new locations within and outside India

Strengths And Risks
Well equipped with advance technology: : The company is well equipped with all the advance equipments as needed in the Industry. This provides the company with the edge over its competitors.
Experienced Promoters and Technically Sound Operation Team: : The Promoters have significant industry experience and have been instrumental in the consistent growth of the Company. Their management and technical professional teams combine expertise and experience to ensure successful execution of the plans.
Market Risk: : The company operates in the constantly evolving VFX market, which is subject to rapidly changing clients’ behaviour and tastes, and depends on audience acceptance of content for which the Company provides VFX services and the long-term popularity of the brands.
Legal and Compliance:: There are outstanding litigations involving the company, directors and promoters, the outcome can impact the business. Also, there are delays in compliances with some statutory provisions of the Companies Act which can attract penalties.
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