Studio LSD Ltd IPOSTUDIOLSD

The IPO opens on 18 Aug 2025 & closes on 20 Aug 2025.

Studio LSD Limited was incorporated as ' LSD Films Private Limited ' on February 02, 2017, as a Private Limited Company pursuant to a Certificate of Incorporation with the Central Registration Centre. Subsequently the name of the Company was changed from 'LSD Films Private Limited' to 'Studio LSD Private Limited' dated September 03, 2020. Subsequently, the status has got converted to a Public Company as ' Studio LSD Limited' and a fresh Certificate of Incorporation dated September 19, 2024, has been issued by the Registrar of Companies Central Processing Centre. Studio LSD where LSD stands for Laxmi, Saraswati and Durga, is a multimedia production house specialising in original and captivating stories, partnering with artists from the film and televisions industry. The Company is involved in every aspect of the content-making process, from idea to distribution and financing the projects, hiring actors and crew members, scouting locations, creating sets, managing the budgets, and overseeing the entire production and post-production process. Company gained prominence within the television industry, particularly in producing soap opera content. Across various television channels, the Company consistently produced shows, showcasing the skills in storytelling and entertainment. In FY 2023, Company expanded the shows for existing and new channels 'Pyaar Ka Pehla Adhyaya: Shiv Shakti' broadcasted on 'Zee TV', 'Pukaar - Dil Se Dil Tak' broadcasted on 'Sony TV'. In 2024, Production of Show 'Suman Indori' broadcasted on 'Colors TV', 'Rishto se Bandhi Gauri' broadcasted on 'Sun Neo', 'Tumm Se Tumm Tak' broadcasted on 'Zee TV' and Songs Viral Ishq, Tere Bina and Dhun released in 2025. Company launched the IPO by issuing 1,37,50,000 equity shares of Rs 2 each, comprising a fresh issue of 1,10,00,000 Equity Shares and 27,50,000 Equity Shares through offer for sale in August 2025.

Studio LSD Ltd IPO will close on 20 Aug 2025.

<ul><li>Creative Excellence.</li><li>Comprehensive Production Capabilities.</li><li>Adaptability and Innovation.</li><li>Diverse Content Portfolio.</li><li>Strategic Partnerships.</li><li>Strong Industry Reputation.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Prateek Sharma</td> <td>29306280</td> <td>71.67</td> <td>27346280</td> <td>52.7</td> </tr> <tr> <td>2</td> <td>Suman Sharma</td> <td>3408500</td> <td>8.34</td> <td>2618500</td> <td>5.05</td> </tr> <tr> <td>3</td> <td>Parth Shah</td> <td>7638445</td> <td>18.68</td> <td>7638445</td> <td>14.72</td> </tr> <tr> <td>4</td> <td>Dipak Kumar Shah</td> <td>262450</td> <td>0.64</td> <td>262450</td> <td>0.51</td> </tr> <tr> <td>5</td> <td>Ram Gopal Sharma</td> <td>6815</td> <td>0.02</td> <td>6815</td> <td>0.01</td> </tr> <tr> <td>6</td> <td>Pooja Sharma</td> <td>6815</td> <td>0.02</td> <td>6815</td> <td>0.01</td> </tr> <tr> <td>7</td> <td>Surabhi Puri</td> <td>262450</td> <td>0.64</td> <td>262450</td> <td>0.51</td> </tr> </tbody> </table>

<ul><li>Its business is significantly dependent upon a few customers and the loss of, or a significant reduction in the award of contracts by such customers could adversely affect the company business.</li><li>The company financial condition and business prospects could be materially and adversely affected if the company does not complete the project as planned or if they experience delays or cost overruns.</li><li>Its Business is dependent upon the taste and preferences of the audience. Any shift in consumer taste and preference will have a negative impact on the company business.</li><li>The company business is dependent on the contractual arrangements entered into by it. Many of the company client contracts can be terminated with or without cause by providing notice and without termination-related penalties.</li><li>The company depends on its relationships with production house, channels and serial directors and other industry participants to exploit the company Serial content.</li><li>Some viewers or civil society organisations may find its serial content objectionable.</li><li>The Company relies on Distributors, Broadcasters, TV Channels for display of the shows. Any delay in payment from these distributors, TV Channels will significantly affect its revenues and profitability.</li><li>No formal agreement has been executed for the identified land for the construction of its new studio as per our capital expenditure object, not having formal agreement may adversely impact the Company's business operations.</li><li>If the company is unable to attract new clients or our existing clients does not renew their contract, the growth of its business and cash flows will be adversely affected.</li><li>Its contingent liabilities on a restated consolidated basis could materially and adversely affect the company business, results of operations and financial condition.</li><li>The company operates in an industry which is highly sensitive with regard to maintenance of secrecy of the projects and its contents. Any failures on its part to maintain secrecy of our projects, will have an adverse effect on the company results of operations and financial condition.</li><li>The success of its business is highly dependent on the skills, creativity, and availability of a few key individuals. Any loss of these individuals, or their unavailability, inability to attract and maintain qualified technical personnel, could have a significant negative impact on the business and its operations, potentially leading to increased costs, decreased revenue, and damage to the business's reputation.</li><li>Its registered office and studios are not located on land owned by it and the company has only leasehold rights. In the event its lose or are unable to renew such leasehold rights, its business, results of operations, financial condition and cash flows may be adversely affected.</li><li>Our management will have broad discretion in how we apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Offer will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment.</li><li>Intensified competition may restrict our ability to access content and/or talent.</li><li>Any failure to protect or enforce our rights to own or use our trademark could have an adverse effect on our business and competitive position.</li><li>We have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the Offer proceeds may delay the implementation schedule.</li><li>The average cost of acquisition of Equity Shares by the Promoter Selling Shareholders including our Promoters could be lower than the floor price of the Price Band.</li><li>Our company does not have succession policy it may be exposing us to significant risks, especially in the event of unexpected leadership transitions, such as the departure, illness, or retirement of key executives or employees. A lack of succession planning can create uncertainty, disrupt operations, and impact the company's long-term stability and growth.</li><li>Our success largely depends upon our ability to attract and retain our Promoters, Directors, Key Managerial personnel and Senior Management with technical expertise. Our inability to attract and retain them and other personnel with technical expertise could adversely affect our business, financial condition and results of operations.</li><li>Our ability to remain competitive may be adversely affected by rapid technological changes and our ability to access such technology.</li><li>There have been certain delays in payment of statutory dues in the past. Any delay in payment of statutory dues in future, may result in the imposition of interest, late fines and penalties which in turn may have an adverse effect on our business, financial condition, results of operation and cash flows.</li><li>Some of our Promoters may be interested in us other than in terms of remuneration and loan accepted or loan repaid, and this may result in conflict of interest with us.</li><li>Our contingent liabilities on a restated consolidated basis could materially and adversely affect our business, results of operations and financial condition.</li><li>Strikes by writers, actors or other participants in the audio visual entertainment industry could negatively affect our revenues.</li><li>Any variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of our Company.</li><li>We may require additional working capital in the future. A failure in obtaining such additional financing at all or on terms favourable to us could have an adverse effect on our results of operations and financial condition.</li><li>Delays or defaults in client payments could affect our operations.</li><li>Our Company has issued Equity Shares during the last twelve months at a price which may be lower than the Offer Price.</li><li>We cannot predict or forecast the success of our business.</li><li>We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, and the failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect our operations.</li><li>Our Promoters and members of the Promoter Group will continue jointly to retain majority control over our Company even after the Offer which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Our funding requirements and the proposed deployment of Net Proceeds are based on management estimates and we have not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer.</li><li>We may not be able to sustain effective implementation of our business and growth strategy.</li><li>Our insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business.</li><li>Failure or disruption of our IT, automation systems may adversely affect our business, financial condition and results of operations.</li><li>Our ability to pay dividends will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.</li><li>Regulatory compliance and litigation risk can cause business disruptions and increase in compliance costs.</li><li>The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of our Company.</li><li>If we are unable to source business opportunities effectively, we may not achieve our financial objectives.</li><li>We have not commissioned an industry report for the disclosures made in the section titled ndustry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by us.</li><li>We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.</li><li>We will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the net proceeds from the Offer for Sale.</li><li>The requirements of being a public listed company may strain our resources and impose additional requirements.</li><li>The Company has entered into certain related party transactions and may continue to do so in the future.</li><li>Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on the company business.</li><li>The objects of the Offer include funding capital expenditure and working capital requirements of our Company, which is based on certain assumptions and estimates.</li><li>Its management will have broad discretion in how the company apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Offer will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.</li><li>Intensified competition may restrict its ability to access content and/or talent.</li><li>Any failures to protect or enforce its rights to own or use the company trademark could have an adverse effect on its business and competitive position.</li><li>The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Offer proceeds may delay the implementation schedule.</li><li>The average cost of acquisition of Equity Shares by the Promoter Selling Shareholders including our Promoters could be lower than the floor price of the Price Band.</li><li>The company does not have succession policy it may be exposing us to significant risks, especially in the event of unexpected leadership transitions, such as the departure, illness, or retirement of key executives or employees. A lack of succession planning can create uncertainty, disrupt operations, and impact the company's long-term stability and growth.</li><li>Some of its Immovable Properties are stamped but not registered, the company business operations may be adversely affected.</li><li>All the Directors of the Company does not have prior experience of directorship in any of the companies listed on recognized stock exchanges, therefore, they will be able to provide only a limited guidance in relation to the affairs of the Company post listing.</li><li>Its success largely depends upon the company ability to attract and retain its Promoters, Directors, Key Managerial personnel and Senior Management with technical expertise. Its inability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.</li><li>Its ability to remain competitive may be adversely affected by rapid technological changes and the company ability to access such technology.</li><li>There have been certain delays in payment of statutory dues in the past. Any delay in payment of statutory dues in future, may result in the imposition of interest, late fines and penalties which in turn may have an adverse effect on its business, financial condition, results of operation and cash flows.</li><li>Some of its Promoters may be interested in us other than in terms of remuneration and loan accepted or loan repaid, and this may result in conflict of interest with the company.</li><li>Strikes by writers, actors or other participants in the audio visual entertainment industry could negatively affect its revenues.</li><li>Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.</li><li>Its may requires additional working capital in the future. A failures in obtaining such additional financing at all or on terms favourable to the company could have an adverse effect on its results of operations and financial condition.</li><li>Delays or defaults in client payments could affect its operations.</li><li>The Company has issued Equity Shares during the last twelve months at a price which may be lower than the Offer Price.</li><li>The company cannot predict or forecast the success of its business.</li><li>The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations, and the failures to obtain or retain them in a timely manner or at all may adversely affect the company operations.</li><li>Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Offer which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Its funding requirements and the proposed deployment of Net Proceeds are based on management estimates and the company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer.</li><li>Its may not be able to sustain effective implementation of the company business and growth strategy.</li><li>Failures or disruption of the company IT, automation systems may adversely affect its business, financial condition and results of operations.</li><li>Its ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.</li><li>Regulatory compliance and litigation risk can cause business disruptions and increase in compliance costs.</li><li>If the company is unable to source business opportunities effectively, the company may not achieve its financial objectives.</li><li>The company has not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by it.</li><li>The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.</li><li>The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the net proceeds from the Offer for Sale.</li><li>The requirements of being a public listed company may strain our resources and impose additional requirements.</li><li>The revenues and profitability of the company are directly linked to the exploitation and growth of Content Library. Any failures to create or develop content which are not liked by viewers could adversely affect its profitability and business growth.</li><li>The company cannot assure you that our Content Library may not infringe upon the intellectual property rights of third parties.</li></ul>

The Issue type of Studio LSD Ltd is Book Building - SME.

The minimum application for shares of Studio LSD Ltd is 4000.

The total shares issue of Studio LSD Ltd is 13750000.

Initial public offer of up to 1,37,50,000 equity shares of face value of Rs. 2.00 each of Studio LSD Limited ( "The Company" or the "Issuer") for cash at a price of Rs. 54 per equity share including a share premium of Rs. 52 per equity share (the "Offer Price") aggregating to Rs. 74.25 crores ("the Offer"), comprising a fresh issue of up to 1,10,00,000 equity shares of face value of Rs. 2.00 each aggregating up to Rs. 59.40 crores by the company ("Fresh Issue") and an offer for sale of up to 27,50,000 equity shares ("Offered Shares") of face value of Rs. 2.00 each aggregating up to Rs. 14.85 crores by Prateek Sharma and Suman Sharma ("Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, "Offer for Sale"). Out of the isssue up to 6,88,000 equity shares aggregating to Rs. 3.72 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. net offer of up to 1,30,62,000 equity shares of face value of Rs. 2.00 each at a price of Rs. 54 per equity share including a share premium of Rs. 52 per equity share aggregating to Rs. 70.53 crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 26.50 % and 25.17 %, respectively, of the post offer paid up equity share capital of the company.