Studio LSD Makes Weak Debut on Stock Market, Shares Hit Lower Circuit Level After Listing
New Delhi, 25 August (Kiran News). Studio LSD, a multimedia production house known for creating original content for TV and OTT platforms, disappointed its IPO investors with a steep decline as it debuted on the stock market today. The company’s shares, which were issued at a price of ₹54 per share under the IPO, got listed on the NSE SME platform at ₹43.20, a 20 percent discount. Immediately after the weak listing, selling pressure pushed the shares down to ₹41.05, hitting the lower circuit level within a short time. As a result, IPO investors suffered a loss of 23.98 percent on the very first day of trading.
Studio LSD’s ₹74.25 crore IPO was open for subscription from 18 to 20 August. The IPO received an average response from investors and was overall subscribed 2.35 times. The Qualified Institutional Buyers (QIB) reserved portion was subscribed 1.001 times, while the Non-Institutional Investors (NII) portion saw 1.02 times subscription. The retail investors’ reserved portion was subscribed 3.26 times. The IPO included fresh shares worth ₹59.40 crore, along with 27.50 lakh shares of ₹2 face value each sold through the Offer for Sale window. The funds raised from the IPO will be used by the company for capital expenditure, meeting working capital requirements, and general corporate purposes.
As per the claims made in the prospectus, the company’s financial position has shown continuous improvement. In the financial year 2022-23, the company reported a net profit of ₹2.79 crore, which increased to ₹10.90 crore in 2023-24 and further jumped to ₹11.67 crore in 2024-25. During the same period, the company’s revenue also grew consistently, from ₹46.71 crore in 2022-23 to ₹102.49 crore in 2023-24, and ₹105.01 crore in 2024-25.
Regarding debt, the prospectus claims that the company is currently debt-free. At the end of the financial year 2022-23, the company had a debt of only ₹6 lakh, but by the end of 2023-24, it had become completely debt-free. Similarly, as of the end of 2024-25, the company has no outstanding debt.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
