Studio LSD IPO opens today. Check GMP, price band, issue size and other details

Studio LSD is set to open its Rs 70.13 crore IPO for subscription today. The book-built issue, which consists of a fresh issue of Rs 56.10 crore and an offer for sale worth Rs 14.03 crore, will close on Wednesday. In the grey market, Studio LSD shares are not commanding any premium, with the GMP hovering around zero, indicating muted listing expectations.

The IPO has been priced in a band of Rs 48–51 per share, with a lot size of 2,000 shares. Retail investors are required to apply for a minimum of two lots, or 4,000 shares, amounting to Rs 2.04 lakh at the upper price band.

The IPO will be listed on the NSE SME platform, with the tentative allotment date set for August 21 and listing scheduled for August 25.

Corpwis Advisors is the book-running lead manager, Purva Sharegistry (India) is the registrar, and Rikhav Securities is the market maker.

Studio LSD, incorporated in 2017, is a multimedia production house focused on creating original content for television and OTT platforms.

The company handles the entire chain of content creation — from concept development, scriptwriting, production and post-production to distribution and marketing support.

It is known for its creative storytelling and has built a portfolio of digital series and television content across genres.

Financially, Studio LSD reported revenue of Rs 105 crore in FY25, up 2% from Rs 102.5 crore in FY24, while profit after tax rose 7% year-on-year to Rs 11.67 crore. EBITDA for FY25 stood at Rs 15.51 crore.

The net proceeds from the fresh issue will be utilised towards capital expenditure of Rs 18 crore, working capital requirements of Rs 24.92 crore, and general corporate purposes.

All eyes are now on investor response over the three-day bidding window to gauge appetite for this niche content production play.

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