Now Reading: Optimystix Entertainment IPO booked 34% on Day 1, GMP at Rs 5
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Optimystix Entertainment IPO booked 34% on Day 1, GMP at Rs 5
The initial public offering of Optimystix Entertainment opened on Friday, 7 August, and was 34 per cent subscribed on Day 1. The retail portion received 29 per cent bids, the non-institutional investors…
The Story in Brief
The initial public offering of Optimystix Entertainment opened on Friday, 7 August, and was 34 per cent subscribed on Day 1. The retail portion received 29 per cent bids, the non-institutional investors segment 3 per cent, and the qualified institutional buyers portion 65 per cent, as per chittorgarh.com. The price band is set at Rs 166-175 per share, with a lot size of 800 equity shares.
The company plans to raise Rs 108.5 crore through a combination of a fresh issue of 50 lakh shares and an offer for sale of 12 lakh shares. Of the proceeds, Rs 55.88 crore is earmarked for working capital. The grey market premium (GMP) stood at Rs 5, indicating a likely listing gain of about 2.86 per cent. The IPO closes on 11 August, with listing expected on the BSE SME platform on 14 August.
The Indian Opinion
A fresh issue worth Rs 87.5 crore from a content producer with over 7,500 hours of programming sounds promising, but retail investors should look past the grey-market cheer. The GMP of Rs 5 on a Rs 175 band is barely a flutter. The company's PAT jumped 39 per cent to Rs 24 crore in FY26, but whether that growth is sustainable in a competitive OTT and television landscape is the real test. Watch the allotment on 12 August for actual demand.
Source: livemint.com
This story was synthesised by AI from the source linked above.
