Identical Brains Studios IPO
Open SmeCurrent GMP
₹25 (+46.30%)
Price Band
₹ 51 – 54
Lot Size
2000
Issue Size
₹19.95 Cr
Minimum Investment
₹216000 (4000 Shares)
Listing Date
26 December 2024
Subscription
544.36x
About the Company
Identical Brains Studios Limited is a provider of high-quality visual effects (VFX) services, specializing in transforming ideas into captivating visual experiences for a variety of projects, including films, web series, TV shows, documentaries, and commercials. Operating from India, the company serves prominent film and content producers, including major Bollywood studios. Their VFX services include CGI, compositing, animation, 3D modeling, rotoscoping, and pre-visualization, among others.
The Indian VFX industry has experienced rapid growth, with projections to triple in size by 2030. This expansion is driven by factors such as skilled talent, competitive pricing, technological advancements, and government support. VFX is widely used across industries, including cinema, television, gaming, advertising, and architecture.
Identical Brains has contributed to major projects such as Adipurush, Mission Raniganj, Rocket Boys, and Scam 1992: The Harshad Mehta Story, which earned numerous industry accolades, including Filmfare and Dadasaheb Phalke Awards for Best Visual Effects. The studio also maintains a strong commitment to security, being a TPN-audited VFX provider, ensuring the protection of client content. They are also approved for projects with major platforms like Disney Hotstar and Amazon.
The company stands out for its flexibility, cost-effectiveness, and high standards of quality, catering to projects of all scales with quick turnaround times and scalability for long-term growth.
Promoters
- RAGHVENDRA RAI
- SAMEER RAI
Promoters Holding
Holding Pre Issue
86.53%
Holding Post Issue
0.00%
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding capital expenditure towards the renovation of the existing Andheri office and studio.
- Funding capital expenditure towards establishment of Colour Grading Digital Intermediate ("DI") and Sound Studio Set up a new branch office in Andheri.
- Funding capital expenditure towards the establishment of a new branch office in Lucknow.
- Funding capital expenditure for the purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company.
- Funding our incremental working capital requirements; and
- General corporate purposes
Address / Contact Info
Identical Brains Studios Limited
802, 803 and 804, Crescent Royale
Veera Desai Road, off. New Link Road
Oshiwara, Andheri, Mumbai - 400 053
Phone: 022 - 6894 3898
Email: investor@identicalbrains.com
Website: https://identicalbrains.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 18 December 2024
IPO Close Date
Friday, 20 December 2024
Basis of Allotment
Monday, 23 December 2024
Initiation of Refunds
Tuesday, 24 December 2024
Credit of Shares to Demat
Tuesday, 24 December 2024
Listing Date
Thursday, 26 December 2024 — NSE & BSE
Important Dates
Open Date
18 December 2024
Close Date
20 December 2024
Basis Of Allotment
23 December 2024
Listing Date
26 December 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1702.39 | 475.5 | 226.38 |
| Revenue | 2026.38 | 808.26 | 390.75 |
| Profit After Tax | 534.65 | 161.28 | 51.01 |
| Net Worth | 1203.62 | 288.51 | 127.23 |
| Reserve & Surplus | 514.82 | 287.51 | 126.23 |
| Total Borrowings | 19.04 | 0 | 0 |
EPS Pre
5.17%
EPS Post
3.43%
P/E Pre
10.44
P/E (Post Issue)
15.74x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As on 31 Mar 2024 |
|---|---|
| ROE % | 71.66 |
| ROCE % | 103.52 |
| Debt / Equity | 0.02 |
| RoNW % | 44.42 |
| PbW | 0 |
| Pat Margin % | 26.62 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1048000 | 0 | 0 |
| Market Maker | 186000 | 0 | 0 |
| Qualified Institutions | 704000 | 0 | 0 |
| Non-Institutional | 528000 | 0 | 0 |
| Retail Investors | 1228000 | 0 | 0 |
| 3694000 | 0 | 0 |
Subscription Status ( Fri, 20 Dec 24 01:10 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 704000 | 131900000 | 187.36x |
| Non-Institutional | 528000 | 538852000 | 1020.55x |
| Retail Investors | 1228000 | 668374000 | 544.28x |
| Total | 2460000 | 1339126000 | 544.36x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 108,000.00 |
| Retail (Max) | 1 | 2,000 | 108,000.00 |
| S-HNI (Min) | 2 | 4,000 | 216,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Socradamus Capital Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Identical Brains Studios IPO is a Book-building IPO worth ₹19.95 crores. The price band is ₹51 to 54 per share. The IPO opens on Wed, Dec 18, 2024 and closes on Fri, Dec 20, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Identical Brains Studios IPO opens on Wed, Dec 18, 2024 and closes on Fri, Dec 20, 2024
Identical Brains Studios IPO Price Band is ₹51 to 54.
Identical Brains Studios IPO lot size is 2000, and the minimum amount required for application is ₹216000.
The minimum investment for Identical Brains Studios IPO is approximately ₹216000 based on the upper price band.
To apply for the Identical Brains Studios IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Dec 20, 2024. After submission, funds are blocked until the basis of allotment of Identical Brains Studios IPO is finalised.
Identical Brains Studios IPO issue size is ₹19.95 crores.
Identical Brains Studios IPO allotment date is Sat, Jun 27, 2026.
The registrar for Identical Brains Studios IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Identical Brains Studios IPO through their official website or helpline.
The Identical Brains Studios IPO GMP (Grey Market Premium) is ₹25 as of Thu, Dec 26, 2024. Based on the upper price band of ₹54 per share, the estimated Identical Brains Studios IPO listing price is ₹79, indicating a potential listing gain of approximately 31% over the issue price.