The makers of Mammootty's Bazooka announced that the film will hit the theatres in 2024. The makers also unveiled the first look of the actor from the film in the release announcement poster. 

Bazooka is written and directed by debutant Deeno Deenis. Talks within the industry suggest that it is a first-of-its-kind attempt in Malayalam. Mammootty has already completed shooting for the film.

Along with Bazooka, Bazooka also stars Tamil filmmaker Gautham Vasudev Menon in a prominent role. Sidharth Bharthan, Shine Tom Chacko, Iswarya Menon, VK Prakash, Minnal Murali-fame Vasisht Umesh, and Bhama Arun are some of the others in the cast. The film is produced under the banners of Theatre of Dreams and Yoodlee Films.

Bazooka's technical crew includes cinematographer Nimish Ravi and music director Midhun Mukundan, who both were also part of Mammootty's Rorschach. Nishad Yusuf is the editor.