Studio LSD IPO receives 1.38 times subscription applications by end of Day 1

Mumbai, 18 August 2025: The initial public offering (IPO) of Studio LSD, a design and creative solutions company, received 1.38 times subscription applications on the first day of bidding, driven primarily by robust participation from retail investors.

Retail Investors Lead with 1.80 Times Subscription on Day 1

The Individual Investors category witnessed a subscription of 1.80 times, with bids for 1.39 crore shares against an offer of 77.58 lakh shares, amounting to ₹75.56 crore through 3,498 applications. This reflects retail appetite in the early phase of the IPO, despite the large minimum application size of ₹2.04 lakh (4,000 shares).

Limited Response from Non-Institutional Investors at 0.77 Times

Non-Institutional Investors (NIIs), which include both small and big high-net-worth individuals, subscribed 0.77 times their quota.

• Big NIIs (above ₹10 lakh bids): 0.74 times
• Small NIIs (below ₹10 lakh bids): 0.84 times

In total, NIIs bid for 40.04 lakh shares against the 51.72 lakh shares reserved, contributing applications worth ₹21.62 crore from 247 investors.

No Participation from Qualified Institutional Buyers (QIBs) on Opening Day

The Qualified Institutional Buyers (QIBs) segment, excluding anchor investors, recorded 0.00 times subscription, with no bids placed against the 1.32 lakh shares reserved for them on Day 1.

Overall Bidding Status of Studio LSD IPO on Day 1

• Retail Investors (IND): 1.80 times
• NIIs (HNI segment): 0.77 times
• QIBs (Ex-anchor): 0.00 times
• Total Subscription: 1.38 times

IPO Details and Key Dates Investors Should Track

The Studio LSD IPO is a book-built issue worth ₹74.25 crore, comprising a fresh issue of 1.10 crore shares (₹59.40 crore) and an offer-for-sale of 0.28 crore shares (₹14.85 crore). The issue opened for bidding on 18 August 2025 and will close on 20 August 2025. The allotment is expected on 21 August 2025, while listing on the NSE SME platform is tentatively scheduled for 25 August 2025.

• Price Band: ₹51 – ₹54 per share
• Lot Size: 2,000 shares
• Minimum Retail Investment: ₹2.04 lakh (4,000 shares)
• Minimum HNI Investment: 6,000 shares worth ₹3.24 lakh

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

About Studio LSD: Design-Led Company with Creative Focus

Headquartered in Mumbai, Studio LSD operates in the design and creative solutions space, offering services that combine strategy, branding, and innovation for clients across industries. The company’s proposed listing on the NSE SME platform marks its entry into public markets, aiming to raise funds to strengthen operations and expand growth plans.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.