Basilic Fly Studio, headquartered in Chennai, Tamil Nadu, India, has delivered a 368% return since its IPO in September 2023, despite recent volatility. Listed on the NSE SME platform, the stock has surged from an issue price of ₹97 to ₹454.05 as of August 20, 2025. A major deal with Netflix worth ₹29.71 crore further strengthens its growth outlook, aligning with its Vision 2026 strategy.
Basilic Fly Studio Limited, a leading visual effects (VFX) company specializing in high-end digital content for global entertainment projects, has emerged as a multibagger on the NSE SME platform. Since its listing on September 11, 2023, the stock has soared 368%, climbing from an issue price of ₹97 to ₹454.05 as of August 20, 2025.
Despite a strong long-term performance, the stock has shown volatility. Over the past year, it corrected by more than 20%, hitting a 52-week high of ₹657.60 in September 2024 and a low of ₹223.15 in February 2025. Monthly movements have also been mixed, with rallies of 65% in April 2025 and declines of 18% in March 2025.
IPO Performance
The company’s IPO, held from September 1 to 5, 2023, was oversubscribed 286.61 times. Shares made a stellar debut at ₹271, a 179% premium over the issue price of ₹97. The IPO raised ₹66.35 crore, comprising a fresh issue of ₹60.53 crore and an offer for sale of ₹5.83 crore.
Netflix Deal and Growth Outlook
Earlier this week, Basilic Fly Studio announced a ₹29.71 crore (GBP 2.5 million) order from Netflix, involving high-complexity VFX work for a premium project. This deal follows a strong Q1 FY26, during which the company secured ₹150 crore worth of orders from global clients including Netflix, Disney and HBO.
This order reflects the trust we have built by consistently delivering high-end, complex visual effects at scale. Supported by our global delivery hubs in Chennai, Pune, London, Paris, and Vancouver, we remain committed to accelerating innovation through AI-driven workflows and modular USD integration.”
Balakrishnan, Managing Director & CEO of Basilic Fly Studio
Vision 2026 Strategy
The company’s Vision 2026 strategy focuses on strengthening global delivery capabilities, expanding its artist workforce beyond 800, and consolidating its position as a leading global VFX studio. With a robust deal pipeline and marquee clients, Basilic Fly Studio aims to sustain its momentum in the international entertainment market.
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