Identical Brains Studios has made a strong debut on the National Stock Exchange (NSE), listing at a premium of 75.93% at ₹95. As of 11:52 AM on December 26, 2024, Identical Brains Studios Limited’s stock is trading at ₹97, reflecting a price of ₹79.62 above the issue price. This is a significant gain, reflecting the high investor interest surrounding the IPO. The Grey Market Premium (GMP) for the stock was last heard to be ₹40, further highlighting its demand. The funds raised from the IPO will be allocated towards office renovation, setting up a new branch in Lucknow, purchasing equipment, and enhancing working capital.
Identical Brains Studios IPO Subscription Status
The IPO has seen exceptional subscription numbers, with an overall subscription rate of 544.28 times on the final day. The retail quota was subscribed 544.28 times, the Qualified Institutional Buyer (QIB) portion saw a subscription of 187.36 times, and the Non-Institutional Investor (NII) quota was oversubscribed by an impressive 1,020.2 times. The studio’s impressive portfolio, which includes notable projects and award-winning visuals, has certainly contributed to the robust demand for its shares.
Identical Brains Studios GMP
Ahead of its NSE SME listing today, the company’s shares were trading at a ₹25 premium in the grey market, indicating an estimated listing of ₹79, reflecting a 46.30% gain over the issue’s upper price band of ₹54.
Details About Identical Brains Studios IPO
Identical Brains Studios received SEBI approval for its ₹19.95 crore IPO to enhance financial stability. The price band is set between ₹51 and ₹54 per share, with a face value of ₹10 per share. The IPO offers a minimum lot size of 2000 shares for retail investors, and 4000 shares for S-HNIs.
| 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 |
Funds Deployment of This Company
The company plans to use the funds raised from the IPO for various purposes, including renovating its existing office and studio in Andheri. A portion of the funds will be allocated to establishing a Colour Grading Digital Intermediate (DI) and Sound Studio. Additionally, half of the funds will be directed toward setting up a new branch office in Lucknow. The company also plans to purchase computers, storage systems, and software to enhance its existing facilities. The remaining funds will be used to meet working capital requirements and for general corporate purposes.
About Identical Brains Studios IPO
Incorporated in 2019, Identical Brains Studios Limited provides computer-generated visual effects (VFX) services for films, web series, TV shows, documentaries, and commercials. The company has earned multiple nominations and awards, including Filmfare and Dadasaheb Phalke Awards for Best Visual Effects. Its competitive strengths include operations in key locations, advanced technology, a skilled workforce, strong industry relationships, a solid business model, and an experienced management team.
Identical Brains Studios IPO Financial Background
Identical Brains Studios Limited reported strong financial growth, with revenue increasing by 150.71% and profit after tax (PAT) rising by 231.5% between FY 2023 and FY 2024. As of March 31, 2024, the company’s assets stood at ₹170.24 crore, with revenue of ₹202.64 crore and PAT of ₹53.47 crore. The net worth grew to ₹120.36 crore, and reserves and surplus reached ₹51.48 crore. Total borrowings were ₹1.90 crore.