{"id":58329,"date":"2025-09-20T18:16:31","date_gmt":"2025-09-20T12:46:31","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/09\/20\/basilic-fly-studio-raises-inr-85-crore-through-qip-to-fuel-global-expansion-2\/"},"modified":"2025-09-20T18:16:31","modified_gmt":"2025-09-20T12:46:31","slug":"basilic-fly-studio-raises-inr-85-crore-through-qip-to-fuel-global-expansion-2","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/09\/20\/basilic-fly-studio-raises-inr-85-crore-through-qip-to-fuel-global-expansion-2\/","title":{"rendered":"Basilic Fly Studio Raises INR 85 Crore Through QIP to Fuel Global Expansion"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2025\/09\/Basilic-Fly-Studio-PNN.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" \/><\/p>\n<div>\n<p><strong>Chennai (Tamil Nadu) [India], September 20:<\/strong> Basilic Fly Studio Limited (BFS), a pioneering force in the world of visual effects (VFX), has successfully raised \u20b984.99 crore via a Qualified Institutional Placement (QIP). The company issued 20.25 lakh equity shares, priced at \u20b9419.72 per share, inclusive of a premium of \u20b9409.72.<\/p>\n<p><strong>Fundraising Highlights:<\/strong><\/p>\n<ul>\n<li><strong>Number of shares allotted:<\/strong>\u00a020,25,000 equity shares<\/li>\n<li><strong>Face value:<\/strong>\u00a0\u20b910 per share<\/li>\n<li><strong>Issue price:<\/strong>\u00a0\u20b9419.72 per share (including a premium of\u00a0\u20b9409.72)<\/li>\n<li><strong>Discount:<\/strong>\u00a05% to the floor price as per SEBI ICDR Regulations<\/li>\n<li><strong>Total fund raised:<\/strong>\u00a0\u20b984.99 Cr<\/li>\n<\/ul>\n<p><strong>\u00a0Institutional Allottees Receiving More Than 5% of Total QIP Allotment :<\/strong><\/p>\n<ul>\n<li>Astorne Capital VCC \u2013 Arven: 2,38,500 shares (11.78%)<\/li>\n<li>Vikasa India EIF I Fund \u2013 Incube Global Opportunities: 1,90,800 shares (9.42%)<\/li>\n<li>Astorne Capital VCC \u2013 Alpha A2: 1,43,100 shares (7.07%)<\/li>\n<li>Rajasthan Global Securities Pvt Ltd: 1,43,100 shares (7.07%)<\/li>\n<li>Dovetail India Fund \u2013 Class 8 Shares: 1,20,000 shares (5.93%)<\/li>\n<li>Moneywise Financial Services Pvt Ltd: 1,19,400 shares (5.90%)<\/li>\n<li>North Star Opportunities Fund VCC \u2013 Lighthouse Capital: 1,19,100 shares (5.88%)<\/li>\n<li>Beacon Stone Capital VCC \u2013 Beacon Stone I: 1,19,100 shares (5.88%)<\/li>\n<\/ul>\n<p>The proceeds from the QIP will strengthen the company\u2019s balance sheet, enhance financial flexibility, and support its strategic priorities. These include investing in advanced VFX technologies, expanding delivery capabilities, building creative talent, and pursuing growth opportunities in international markets. The company remains committed to consolidating its leadership in the global VFX industry by driving innovation, operational excellence, and long-term value creation.<\/p>\n<p>Commenting on this, Mr. Balakrishnan, Managing Director &amp; CEO of Basilic Fly Studio Limited said<\/p>\n<p>\u201cThe successful completion of this QIP provides us with the financial strength to accelerate our global growth strategy. We are encouraged by the overwhelming response, particularly with 57% participation from foreign portfolio investors. With this support, we plan to strengthen our teams in London and Paris, while transitioning select roles to India to further enhance efficiency and margins. The proceeds will also enable us to expand our infrastructure, including render farms and advanced AI-driven technologies, positioning us to take on large-scale projects with global studios such as Netflix, Warner Brothers, Sony, and Paramount. The strong institutional participation reflects their confidence in our vision, execution capabilities, and commitment to long-term value creation.\u201d<\/p>\n<p><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chennai (Tamil Nadu) [India], September 20: Basilic Fly Studio Limited (BFS), a pioneering force in the world of visual effects (VFX), has successfully raised \u20b984.99 crore via a Qualified Institutional [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":58330,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":66},"categories":[9],"tags":[674],"class_list":["post-58329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pressrelease","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/58329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=58329"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/58329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/58330"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=58329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=58329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=58329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}