The Identical Brains Studios IPO is a book-built issue aiming to raise ₹19.95 crores by offering 36.94 lakh fresh shares. The IPO opens for subscription on December 18, 2024, and closes on December 20, 2024. The price band for the IPO is set between ₹51 to ₹54 per share, providing retail investors with an opportunity to apply for a minimum of 2000 shares (₹108,000). High Net-Worth Individuals (HNIs) must invest in a minimum of 4000 shares (₹216,000). The retail quota is allocated 35%, while 50% is reserved for Qualified Institutional Buyers (QIBs), and 15% for HNIs.
The IPO allotment will be finalized on December 23, 2024, with shares expected to list on the NSE SME platform on December 26, 2024. Identical Brains Studios has demonstrated strong growth, reporting ₹20.09 crores in revenue for 2024, a significant increase from ₹8.04 crores in 2023. The company also reported a profit of ₹5.35 crores in 2024, compared to ₹1.61 crores the previous year. Given the positive financial outlook, this IPO offers a solid long-term investment opportunity for those looking to capitalize on the company’s growth potential.
Overview of Contents
About Identical Brains Studios IPO
Incorporated in 2019, Identical Brains Studios Limited specializes in high-quality computer-generated visual effects (VFX) for films, TV shows, web series, documentaries, and commercials. The studio has gained recognition for its work on award-nominated and winning projects, including Scam 1992 (2020) and Rocket Boys (2022), which earned Filmfare OTT Awards for Best Visual Effects.
Certified by the Trusted Partner Network (TPN), the company offers services such as rotoscoping, 2D/3D compositing, CGI, and motion graphics. With a skilled team, state-of-the-art infrastructure, and industry expertise, Identical Brains Studios has completed significant projects valued at INR 20 crore in FY 2024 and has upcoming projects like Tanaav 2 and Criminal Justice 4.
Identical Brains Studios IPO Details
| Parameter | Details |
|---|---|
| IPO Opening Date | December 18, 2024 |
| IPO Closing Date | December 20, 2024 |
| Listing Date | December 26, 2024 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 2000 shares (Minimum) |
| Total Issue Size | 3,694,000 shares (aggregating up to ₹19.95 Crores) |
| Fresh Issue | 3,694,000 shares (aggregating up to ₹19.95 Crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| Minimum Investment (Retail) | ₹108,000 (2000 shares) |
| Minimum Investment (HNI) | ₹216,000 (4000 shares) |
| Allotment Date | December 23, 2024 (Tentative) |
| Revenue (FY 2024) | ₹20.09 Crores |
| Profit (FY 2024) | ₹5.35 Crores |
Identical Brains Studios IPO Dates
| Event | Date | Additional Information |
|---|---|---|
| IPO Open Date | Wednesday, December 18, 2024 | IPO subscription begins for all categories (Retail, QIB, HNI) |
| IPO Close Date | Friday, December 20, 2024 | IPO subscription closes at 5 PM |
| Cut-off Time for UPI Mandate Confirmation | 5:00 PM on Friday, December 20, 2024 | Final time for confirming UPI mandates for retail applications |
| Basis of Allotment | Monday, December 23, 2024 | Allotment of shares will be finalized and uploaded to the registrar's site |
| Initiation of Refunds | Tuesday, December 24, 2024 | Refund process begins for unallotted investors |
| Credit of Shares to Demat | Tuesday, December 24, 2024 | Shares credited to the Demat accounts of successful applicants |
| Listing Date | Thursday, December 26, 2024 | The company’s shares will be listed on NSE SME platform |
Identical Brains Studios IPO Lot Size
| Category | Number of Lots | Number of Shares | Investment Amount (₹) | Additional Information |
|---|---|---|---|---|
| Retail Investor (Min) | 1 | 2000 | ₹108,000 | Minimum lot size for retail investors |
| Retail Investor (Max) | 1 | 2000 | ₹108,000 | Maximum investment for retail investors |
| HNI Investor (Min) | 2 | 4000 | ₹216,000 | Minimum lot size for High Net-Worth Individuals (HNI) |
| HNI Investor (Max) | No Limit | Varies | Varies | HNI can apply for any number of lots beyond the minimum |
Identical Brains Studios IPO Reservation Details:
The IPO will be reserved for different investor categories, with a specified percentage of shares allocated to each category to ensure broad participation. Below is a breakdown of the shares offered to each investor category:
| Investor Category | Shares Offered | Percentage of Net Issue | Additional Information |
|---|---|---|---|
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Issue | 50% | QIBs include financial institutions, mutual funds, and insurance companies. |
| Retail Investors | Not less than 35% of the Net Issue | 35% | Retail investors can apply for a minimum of 2000 shares. |
| NII (Non-Institutional Investors / HNI) | Not less than 15% of the Net Issue | 15% | HNIs can apply for a minimum of 4000 shares and above. |
Identical Brains Studios Financial Performance (₹ in Crores)
The following table outlines the financial performance of Identical Brains Studios over the past three years, showcasing the company’s revenue growth, expenses, profit after tax, and assets.
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹3.89 | ₹3.21 | ₹0.51 | ₹2.26 |
| 2023 | ₹8.04 | ₹5.85 | ₹1.61 | ₹4.76 |
| 2024 | ₹20.09 | ₹12.89 | ₹5.35 | ₹17.02 |
Identical Brains Studios IPO Valuation – FY2024
| (KPI) | Value | Additional Information |
|---|---|---|
| Return on Equity (ROE) | 71.66% | Indicates high profitability relative to shareholder equity. |
| Return on Capital Employed (ROCE) | 103.52% | Reflects efficient use of capital in generating profits. |
| EBITDA Margin | 37.92% | Measures operational profitability before interest, tax, depreciation, and amortization. |
| PAT Margin | 26.62% | Shows the percentage of profit after tax from total revenue. |
| Debt to Equity Ratio | 0.02 | Indicates a low level of debt, reflecting strong financial stability. |
| Earnings Per Share (EPS) | ₹5.18 (Basic) | Represents the company’s profit attributable to each share. |
| Price to Earnings (P/E) Ratio | N/A | Not available as of now. Typically used to assess share valuation. |
| Return on Net Worth (RoNW) | 44.42% | Measures the return on the net assets of the company. |
| Net Asset Value (NAV) | ₹11.65 | Represents the per-share value of the company’s net assets. |
Peer Group Comparison (FY2024)
| Company | EPS (₹) | PE Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr.) |
|---|---|---|---|---|---|
| Identical Brains Studios | ₹5.18 | N/A | 44.42% | ₹11.65 | - |
| Prime Focus Limited | (0.01) | N/A | (0.02%) | ₹52.32 | – |
| Digikore Studios Limited | ₹19.04 | 24.68 | 22.47% | ₹67.05 | – |
| Phantom Digital Effects Limited | ₹26.90 | 14.45 | 16.60% | ₹106.59 | – |
| Basilic Fly Studio Limited | ₹17.69 | 32.47 | 29.84% | ₹52.20 | – |
Objects of the Issue
The funds from the IPO will be used for:
- Renovating the existing Andheri office and studio.
- Establishing a Colour Grading Digital Intermediate (DI) and Sound Studio at a new branch in Andheri.
- Setting up a new branch office in Lucknow.
- Purchasing computers, storage systems, and software to enhance existing facilities.
- Meeting incremental working capital requirements.
- General corporate purposes.
Identical Brains Studios IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Address
Identical Brains Studios Limited
802, 803, and 804, Crescent Royale, Veera Desai Road,
off. New Link Road, Oshiwara, Andheri,
Mumbai – 400 053, Maharashtra, India
Phone: 022 – 6894 3898
E-mail: investor@identicalbrains.com
Website: www.identicalbrains.com
FAQs about Identical Brains Studios IPO
What is the IPO issue size?
The IPO is a fresh issue of 36.94 lakh shares, aggregating up to ₹19.95 crores.
What is the price band for the IPO?
The price band is ₹51 to ₹54 per share.
When does the IPO open and close?
The IPO opens on December 18, 2024, and closes on December 20, 2024.
What is the minimum lot size for retail investors?
The minimum lot size is 2000 shares, requiring a minimum investment of ₹108,000.
When will the shares be listed?
The IPO is expected to list on the NSE SME on December 26, 2024.
What are the key objectives of the issue?
Funds will be used for office renovations, setting up new studios, purchasing equipment, working capital, and general corporate purposes.
What is the financial performance of the company?
In FY 2024, the company reported ₹20.09 crores in revenue and ₹5.35 crores in profit.
Who are the key competitors in the industry?
Peer companies include Prime Focus Limited, Digikore Studios, Phantom Digital Effects, and Basilic Fly Studio.