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19 Dec 2024
Identical Brains Studios Limited IPO
Incorporated in 2019, Identical Brains Studios Limited has quickly emerged as a dynamic force within the visual effects industry. Specializing in computer-generated visual effects (VFX), the company offers a diverse range of services for various media projects, including films, web series, TV series, documentaries, and commercials. Their innovative approach and attention to detail have made them a preferred partner for creators looking to bring their visionary ideas to life.
Award-Winning Excellence
Identical Brains Studios has earned critical acclaim and industry recognition for its outstanding VFX work. The company has contributed to films and projects that have garnered several prestigious award nominations. These include two nominations at the Filmfare OTT Awards, one nomination at the Filmfare Awards, and a nomination at the Dadasaheb Phalke Awards, all in the category of Best Visual Effects. Such nominations underscore the studio's commitment to excellence and its vital role in enhancing the storytelling of each project it undertakes.
Celebrated Achievements
The studio's achievements go beyond nominations, with several notable award wins. Identical Brains Studios won two Filmfare OTT Awards for Best Visual Effects—one for "Scam 1992: The Harshad Mehta Story" (2020) and another for "Rocket Boys" (2022), both in collaboration with Variate Studios LLP. These projects highlight the studio's ability to seamlessly integrate VFX into compelling narratives, enriching the viewer's experience. Furthermore, the studio was honored with a Dadasaheb Phalke Award for Best Visual Effects for its work on "Phone Bhoot" (2022), demonstrating its versatility and skill across different genres and styles.
Through its innovative VFX services, Identical Brains Studios Limited continues to push the boundaries of visual storytelling, making it a distinguished name in the entertainment industry.
Identical Brains Studios IPO Overview:
- ● Issue Type: Fresh issue
- ● Total Issue Size: ₹19.95 crores
- ● Shares Offered: 36.94 lakh shares
- ● Price Per Share: ₹51 to ₹54 per share
- ● Subscription Period; December 18, 2024, to December 20, 2024
- ● Minimum Lot Size: 2,000 shares
- ● Lead Managers: Socradamus Capital Private Limited
- ● Registrar: Bigshare Services Pvt Ltd
- ● Market Maker: Rikhav Securities
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Identical Brains Studios Limited GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 54 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Identical Brains Studios IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 18, 2024 to December 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,694,000 shares (aggregating up to ₹19.95 Cr) |
| Fresh Issue | 3,694,000 shares (aggregating up to ₹19.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 10,331,958 |
| Shareholding post issue | 14,025,958 |
| Market Maker portion | 186,000 shares Rikhav Securities |
Identical Brains Studios IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, December 18, 2024 |
| IPO Close Date | Friday, December 20, 2024 |
| Basis of Allotment | Monday, December 23, 2024 |
| Initiation of Refunds | Tuesday, December 24, 2024 |
| Credit of Shares to Demat | Tuesday, December 24, 2024 |
| Listing Date | Thursday, December 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2024 |
Identical Brains Studios IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
Identical Brains Studios IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Identical Brains Studios IPO Promoter Holding
| Share Holding Pre Issue | 86.53% |
| Share Holding Post Issue | 67.13% |
Mamata Machinery IPO Anchor Investors Details
| Bid Date | December 18, 2024 |
| Shares Offered | 2,204,202 |
| Anchor Portion Size (In Cr.) | 53.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 24, 2025 |
Competitive Strength:
- ● Operations in economically attractive locations.
- ● Integrated technology and infrastructure.
- ● Skilled creative and technical workforce.
- ● Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industry.
- ● Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation.
- ● Experienced management team with managerial, creative and technical expertise and industry relationships.
Identical Brains Studios Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 2,183.64 | 1,702.39 | 475.50 | 226.38 | ||||||||||||||||||||||||||||||||||||
| Revenue | 1,149.62 | 2,026.38 | 808.26 | 390.75 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 240.54 | 534.65 | 161.28 | 51.01 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,436.08 | 1,203.62 | 288.51 | 127.23 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 402.89 | 514.82 | 287.51 | 126.23 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 17.09 | 19.04 | ||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 71.66% |
| ROCE | 103.52% |
| RoNW | 44.42% |
| Debt/Equity | 0.02 |
| P/BV | 4.64 |
| PAT Margin (%) | 26.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.17 | 3.81 |
| P/E (x) | 10.44 | 14.17 |
Identical Brains Studios IPO Objectives:-
-
The company proposes to utilize the Net Proceeds from the Issue towards the following objectives:
- 1. Funding capital expenditure towards the renovation of the existing Andheri office and studio.
- 2. Funding capital expenditure towards establishment of Colour Grading Digital Intermediate ("DI") and Sound Studio Set up a new branch office in Andheri.
- 3. Funding capital expenditure towards the establishment of a new branch office in Lucknow.
- 4. Funding capital expenditure for the purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company.
- 5. Funding our incremental working capital requirements.
- 6. General corporate purposes.
Identical Brains Studios IPO FAQs
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What is Identical Brains Studios IPO?
Identical Brains Studios IPO is a SME IPO. The company is going to raise ₹19.95 Crores via IPO. The issue is priced at ₹51 to ₹54 per equity share. The IPO is to be listed on NSE.
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When will the Identical Brains Studios IPO open for subscription?
The IPO is to open on December 18, 2024 for QIB, NII, and Retail Investors. The IPO will close on December 20, 2024.
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What is Identical Brains Studios IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Identical Brains Studios IPO Issue Size?
Identical Brains Studios IPO issue size is ₹19.95 crores.
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What is Identical Brains Studios IPO Price Band?
Identical Brains Studios IPO Price Band is ₹51 to ₹54.
-
What is Identical Brains Studios IPO Lot Size?
The minimum bid is 2000 Shares with ₹1,08,000.
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What is the Identical Brains Studios IPO Allotment Date?
Identical Brains Studios IPO allotment date is December 23, 2024.
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What is the Identical Brains Studios IPO Listing Date?
Identical Brains Studios IPO listing date is December 26, 2024. The IPO is to be listed on NSE.
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What is the Identical Brains Studios current GMP?
The current GMP of the Identical Brains Studios is ---.
RHP:
RHP of Identical Brains Studios Limited IPO
DRHP:
DRHP of Identical Brains Studios Limited IPO
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