THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA

	PICTUREPOST STUDIOS LIMITED
	CIN: U62099MH2023PLC404020

Our Company was originally formed as Limited Liability Partnership Firm underthe nameand style of "M/s. Prodace Solutions LLP" pursuantto a Certificate of incorporation issued by Registrar of Companies, Central Registration Centre, dated August 22, 2019 with LLP registration number being AAQ-3343. Subsequently, the name of our LLP was changed to "Picturepost Studios LLP" with Certificate of incorporation pursuantto change of name issued by Registrar of Companies, Central Registration Centre, dated August 26,2022. M/s. Picturepost Studios LLP was thereafter converted into a Private Limited Company "Picturepost Studios Private Limited" pursuantto the provisions of Chapter XXI of the Companies Act, 2013 and fresh a certificate of incorporation dated June 01, 2023 was issued by Registrar of Companies, Central Registration Centre. Subsequently, our Company has been converted into a public limited company and the name of our Company changed to "Picturepost Studios Limited" pursuantto a special resolution passed at the Extraordinary General Meeting of our Company held on February 21,2024 and afresh Certificate of incorporation dated May 14, 2024 issued by the Registrar of Companies, Mumbai. The Corporate Identity Number of our Company is U62099MH2023PLC404020

INITIAL PUBLIC OFFER OF 78,00,000 EQUITYSHARES OF FACE VALUE OF 7 1/- EACH (THE "EQUITY SHARES") OF PICTU REPOST STUDIOS LIMITED ("OUR COMPANY" OR "PICTUREPOST STUDIOS" OR "PPSL"OR "THE ISSUER") FOR CASH AT A PRICE OF f 24/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF ? 23/- PER EQUITY SHARE {THE ‘ISSUE PRICE") AGGREGATING TO ? 1,872.00 LAKHS ("THE ISSUE"), OF WHICH 3,96,000 EQUITY SHARES OF FACE VALUE OF ? X/- EACH FOR CASH AT A PRICE OF ? 24/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF 7 23/- PER EQUITY SHARE AGGREGATING TO 7 95.04 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E., NET ISSUE OF 74,04,000 EQUITYSHARES OF FACE VALUE OF f X/- EACH AT A PRICE OF ? 24/- PER EQUITY SHARE INCLUDING ASHARE PREMIUM OF ? 23/- PER EQUITY SHARE AGGREGATING TO ? 1,776.96 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.62% AND 25.27% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITYSHARE CAPITAL OF OUR COMPANY.

1. Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.

2. The average cost of acquisition of Equity Shares by our Promoters is as fallows:

3. Weighted average cost of acquisition:

This Issue was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBIICDR Regulations and in compliance with Regulation 253 of theSEBI ICDR Regulations wherein not more than 50.00% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), provided that our Company in consultation with the BRLMs may allocate up to 60.00% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) ("Net QIB Portion"). Further, 5.00% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to ail QIB Bidders, other than Anchor Investors, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5.00% of the Net QIB Portion, the balance Equity Shares availablefor allocation inthe Mutual Fund Portion will be added to the remaining NetQIB Portion for proportionate allocation to QIBs. Further, not less than 15.00% of the Net Issue shall be available for allocation on a proportionate basis to Non-institutional Investors and not less than 35.00% of the Net Issue shall be available for allocation to Retail Individual Investors in accordance with theSEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All Potential Bidders, other than Anchor Investors, are required to participate inthe Issue by mandatory utilizing the Application Supported by Blocked Amount ("AS BA") process by providing details of their respective AS BA Account (as defined hereinafter) inwhichthe corresponding Bid Amounts will be blocked by the Self-Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue thro ugh the AS BA process. Fordetails, please refertothe chaptertitled ‘Issue Procedure" on page 218 ofthe Prospectus.

The bidding for Anchor investors opened and closed on Thursday, August 01, 2024. The Company received 02 Anchor Investor Application Forms from 02 Anchor Investors (including Nil Mutual Funds through Nil Mutual Fund schemes) for 22,14,000 Equity Shares. Such 02 Anchor Investors through 02 Anchor Investor Application Forms were allocated 22,08,000 Equity Shares at a price of ? 24/- per Equity Share underthe Anchor Investor Portion, aggregatingto 7 5,29,92,000/-

The Issue (excluding Anchor Investor Portion) received applications for 1,42,09,02,000 Equity Shares (before technical rejections) resulting in 254.10 times subscription (including reserved portion of market maker). The Details ofthe Applications received from various categories (before technical rejection) areas under:

Detail ofthe Applications Received:

A summary of the final demand as per NSE as an the Bld/Offer Closing Date at different Bid Prices Is as under:

1) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail individual Investors, who have bid at cut-off Price or at or above the Issue Price cf 7 24.00 per equity shares, was finalized in consultation with NSE. The category was subscribed by 313.35 times i.e., for 81,40,86,000 Equity Shares. Total number of shares allotted in this category is 25,98,000 Equity Shares to 433 successful applicants. The category wise details ofthe Basis of Allotment are asunder:

2) Allocation to Non-lnstltutlon a I Investors (After Technical Rejections): The Basis of Aiiotmentto Other than Retail Individual Investors, who have bid at Issue Price of ? 24.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 389.31 times i.e., for 43,44,66,000 shares the total numberof shares allotted in this category is 11,16,000 Equity Shares to 183 successful applicants. The category wise details of the Basis of Allotment a re as under:

3) Allocation to QIBs excluding Anchor Investors (After Technical Rejections): The Basis of Aiiotmentto QIBs, who have bid at Offer Price of 7 24.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 101.15 times i.e., for 14,99,10,000 shares the total number of shares allotted in this category is 14,82,000 EquitySharesto 38 successful applicants. The category wise details ofthe Basis of Allotment are as under:

4) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 22,08,000 Equity Shares to 2 Anchor Investors at Anchor Investor Issue Price of 7 24.00 per equity shares in accordance with the SEBI ICDR Regulations. The category wise details of the Basis of Allotment are as under:

5) Allocation to Market Maker (After Technical Rejections):

The Basis of Allotment to Market Maker, who have bid at Issue Price of 7 31.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 1.00 times i.e., for3,96,000 shares the total number of shares allotted in this category is 3,96,000 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors ofthe Company at its meeting held on August 07, 2024 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for Issue ofthe Equity Shares to various successful applicants. The CAN cum-allotment advices and/or notices will forward to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before August 08, 2024. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to August 08, 2024. in case the same is not received within ten days, investors may contact at the address given below. The Equity Sha res allocated to successful applicants are beingcredited totheir beneficiary accounts subject to validation ofthe account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE Emerge within Three working daysfrom the date ofthe closure ofthe Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 06, 2024 (‘Prospectus") filed with Registrarof Companies, Mumbai.

The details ofthe allotment made would also be hosted on the website ofthe Registrar to the Issue, Bigsh a re Services Private Limited at www.bigshareonline.com. Allfuture correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name ofthe First/Sole applicants, serial number ofthe Bid cum Application Form, numberofsharesappliedforand Bank Branch where the application had been lodged and paymentdetailsatthe address ofthe Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED

Office No. S6-2,6th Floor, Pinnacle Business Park, NexttoAhura Centre, Mahakali Caves Road,

Andheri East, Mumbai - 400 093, Maharashtra, India

Tel: 022 - 6263 8200 E-mail: iDO@bigshareonline.com

Investor grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com

Contact Person: Mr. Vinayak Morbale

SEBI Registration No.: INR000001385

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITYSHARES ON LISTING OR THE BUSINESS PROSPECTS OF PICTUREPOST STUDIOS LIMITED.

Pieturepost Studios Limited is proposing, subject to market conditions, public Issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of SEBI at www.sebi.gov.in. the website of the Book Running Lead Manager at www.shreni.in website of the NSE at www.nseindia.com and website of Issuer Company at www.oictureooststudio.com Investors should note that investment in EquityShares involves a high degree of risk. For details, investors shall refertoand rely on the Prospectus inciudingthe section titled ‘Risk Factors" beginningon page 27 ofthe Prospectus, which has been filed with ROC. The EquityShares have not been and will not be registered underthe US Securities Act (the "Securities Act') or any state securities law in United States and may not be Issued orsold with in the United States or to, or forthe account or benefit of, "U.S. persons" (as defined inthe RegulationSundertheSecuritiesAct), except pursuant to an exemption from,or in a transaction not subject to the registration requirements of the Securities Act of 1933.