Identical Brains Studios IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 18 Dec 2024
Close Date
Fri, 20 Dec 2024
Price Band
₹ 51 – 54
Lot Size
2000
Issue Size
₹ 19.95 Cr
Minimum Investment
₹ 216,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Identical Brains Studios IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹19.95 Crore, comprising a fresh issue of 36.94 Lakh equity shares aggregating to ₹19.95 Crore.
The Identical Brains Studios IPO remained open for subscription from December 18, 2024, to December 20, 2024. The basis of allotment was finalized on December 23, 2024, and the company's shares were listed on NSE SME Platform on December 26, 2024.
The company had fixed the price band at ₹51 to ₹54 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹216,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Socradamus Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Identical Brains Studios Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Identical Brains Studios IPO Timeline (Tentative)
- IPO Open Date
- Wed, 18 Dec 24
- IPO Close Date
- Fri, 20 Dec 24
- Basis of Allotment
- Mon, 23 Dec 24
- Initiation of Refunds
- Tue, 24 Dec 24
- Credit of Shares to Demat
- Tue, 24 Dec 24
- Listing Date
- Thu, 26 Dec 24 — NSE & BSE
Open Date
18 December 2024
Close Date
20 December 2024
Basis Of Allotment
23 December 2024
Listing Date
26 December 2024
IPO Subscription
Check Live Subscription →The Identical Brains Studios IPO has received bids for 1,33,91,26,000 shares against 24,60,000 shares offered, resulting in an overall subscription of 544.36x. the NII category is subscribed 1,020.55x, Retail Investors 544.28x, and QIBs 187.36x.
QIB
187.36x
NII
1020.55x
RII
544.28x
Total
544.36x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,28,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,04,000 shares (0%), while Non-Institutional Investors (NIIs) receive 5,28,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,048,000 | 0% |
| Market Maker | 186,000 | 0% |
| Qualified Institutions | 704,000 | 0% |
| Non-Institutional | 528,000 | 0% |
| Retail Investors | 1,228,000 | 0% |
| 3,694,000 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Identical Brains Studios Limited KPI Information
| Particular | KPI As on 31 Mar 2024 |
|---|---|
| ROE % | 71.66 |
| ROCE % | 103.52 |
| Debt / Equity | 0.02 |
| RoNW % | 44.42 |
| Pat Margin % | 26.62 |
Peers Comparison
No Peer Comparision Available
About Identical Brains Studios Limited
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.
Identical Brains Studios IPO Promoters
- RAGHVENDRA RAI
- SAMEER RAI
Promoters Holding
Holding Pre Issue
86.53%
Holding Post Issue
0.00%
Identical Brains Studios IPO Objective
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
Identical Brains Studios Limited Address / Contact Details
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
Identical Brains Studios IPO Lot Size
The Identical Brains Studios IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,08,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,08,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- Socradamus Capital Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Identical Brains Studios IPO?
Identical Brains Studios IPO is a Book-building IPO with a total issue size of ₹19.95 crore. The Identical Brains Studios IPO price band is ₹51 to 54 per share. The Identical Brains Studios IPO subscription opens on Wed, Dec 18, 2024, and closes on Fri, Dec 20, 2024. The Identical Brains Studios IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Identical Brains Studios IPO.
When will the Identical Brains Studios IPO open for subscription?
The Identical Brains Studios IPO opens on Wed, Dec 18, 2024 and closes on Fri, Dec 20, 2024
What is Identical Brains Studios IPO Price Band?
Identical Brains Studios IPO Price Band is ₹51 to 54 per share.
What is Identical Brains Studios IPO Lot Size?
Identical Brains Studios IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹216000 based on the upper price band
What is the minimum investment for Identical Brains Studios IPO?
The minimum investment for Identical Brains Studios IPO is ₹216000, based on one lot of 2000 shares at the upper price band of ₹54 per share.
How to apply for Identical Brains Studios IPO?
Investors can apply for the Identical Brains Studios IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 20, 2024. The application amount remains blocked until the Identical Brains Studios IPO allotment is finalized.
What is Identical Brains Studios IPO Issue Size?
Identical Brains Studios IPO issue size is ₹19.95 crores.
What is the Identical Brains Studios IPO Allotment Date?
Identical Brains Studios IPO allotment date is Mon, Dec 23, 2024.
Who is the Identical Brains Studios IPO Registrar?
The registrar for Identical Brains Studios IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Identical Brains Studios IPO allotment status, refund processing, and other IPO-related information.
What is the Identical Brains Studios IPO GMP?
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 46.30% over the issue price.
Who is the Identical Brains Studios IPO Lead Manager?
The book-running lead managers (BRLMs) for the Identical Brains Studios IPO are Socradamus Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Identical Brains Studios IPO Red Herring Prospectus (RHP).