The Indian media and entertainment sector is booming, fueled by the growing demand for original content on television and OTT platforms. Amid this growth, several production houses are looking to public markets to fund their expansion plans. One such company is Studio LSD Ltd., which is set to launch its IPO on August 18, 2025.
This article provides a comprehensive overview of the Studio LSD IPO details, covering its business model, financials, and industry analysis to help you make an informed investment decision.
About Studio LSD Ltd.
Founded in 2017 by Prateek Sharma, Studio LSD Ltd. is a multimedia production house specialising in creating original content for television and OTT platforms. The company, whose name “LSD” represents Laxmi, Saraswati, and Durga, is involved in every stage of content creation, from ideation and project financing to production, post-production, and distribution. They have a strong reputation for developing innovative and high-quality shows for major broadcasters like Sony, Zee TV, and Colors TV.
Studio LSD Ltd. IPO Details
The Studio LSD IPO is a book-built issue aiming to raise a total of ₹70.13 crore. It consists of a fresh issue of 1.10 crore shares and an Offer for Sale (OFS) of 27.50 lakh shares. The company is set to be listed on the NSE SME exchange.
Key IPO Details
| Event | Date |
| IPO Open Date | Mon, Aug 18, 2025 |
| IPO Close Date | Wed, Aug 20, 2025 |
| Tentative Allotment | Thu, Aug 21, 2025 |
| Initiation of Refunds | Fri, Aug 22, 2025 |
| Credit of Shares to Demat | Fri, Aug 22, 2025 |
| Tentative Listing Date | Mon, Aug 25, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 20, 2025 |
Important IPO Timeline
| Event | Details |
| IPO Date | August 18, 2025 to August 20, 2025 |
| Listing Date | – |
| Face Value | ₹10 per share |
| Issue Price Band | – |
| Lot Size | – |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,37,50,000 shares (aggregating up to ₹[.] Cr) |
| Reserved for Market Maker | 6,88,000 shares (aggregating up to ₹[.] Cr) |
| Market Maker | Rikhav Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 1,03,12,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 27,50,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Net Offered to Public | 1,30,62,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 4,08,91,755 shares |
| Share Holding Post Issue | 5,18,91,755 shares |
Company Financial Snapshot
Studio LSD has demonstrated strong financial performance with consistent growth in revenue and profitability over recent years. From the financial year ending March 31, 2024 to March 31, 2025, the company’s revenue increased by 2% and its profit after tax (PAT) grew by 7%.
| Period Ended | 31 Mar 2025 (₹ Cr) | 31 Mar 2024 (₹ Cr) | 31 Mar 2023 (₹ Cr) |
| Assets | 46.67 | 36.49 | 18.16 |
| Total Income | 105.01 | 102.49 | 46.71 |
| Profit After Tax | 11.67 | 10.9 | 2.79 |
| EBITDA | 15.51 | 14.82 | 3.74 |
| Net Worth | 27.54 | 15.87 | 4.96 |
| Reserves & Surplus | 19.36 | 15.86 | 4.95 |
| Total Borrowing | 0 | 0 | 0.06 |
Key Performance Indicators (as of March 31, 2025)
- Return on Net Worth (RoNW): 53.78%
- Debt/Equity: 0.00
- PAT Margin: 11.17%
- EBITDA Margin: 14.85%
Studio LSD IPO Peer Comparison
Studio LSD operates in a competitive industry with other content production companies. While direct peer comparison on the NSE SME platform is limited, some comparable listed companies in the broader media and entertainment space include Baweja Studios Ltd. and PicturePost Studios Ltd. Investors should evaluate Studio LSD’s unique focus on innovative storytelling and strong partnerships with leading broadcasters when assessing its investment potential against these peers.
Use of IPO Proceeds
The company intends to use the capital raised from the fresh issue to fund its expansion. The primary objectives for the IPO proceeds are to meet capital expenditure requirements and address general corporate purposes.
| S.No. | Objects of the Issue | Expected Amount (in Million ₹) |
| 1 | Capital Expenditure | 180 |
| 2 | Working Capital Requirement | 249.2 |
| 3 | General Corporate Purposes | – |
Conclusion
The Studio LSD IPO offers a chance to invest in the rapidly growing Indian media and content production industry. The company’s focus on high-quality, original content for both television and OTT, combined with its solid financial track record and zero debt, positions it well for future growth. However, the entertainment sector is highly competitive and susceptible to shifts in audience preferences. As with any investment, a thorough due diligence is essential to understand the risks and rewards before participating in the IPO.
