Ashish Kacholia bought 5.47 lakh shares in the Chennai-based Basilic Fly Studio. The company is in the process of setting up a studio in Hyderabad from the funds raised via the IPO.
Basilic Fly Studio IPO opened for subscription on September 1, and the offer ended on September 5. The offer was oversubscribed 286.61 times, with bids for 146.06 crore equity shares as against the issue size of 50.96 lakh shares