Identical Brains Studios IPO - Day 3 Subscription at 198.78 Times

The final day of Identical Brains Studios' initial public offering has concluded with extraordinary success, achieving an overall subscription of 198.78 times by 11:24 AM on December 20, 2024. This phenomenal response demonstrates overwhelming market confidence in the company's visual effects capabilities and its growing presence in India's entertainment technology sector.

Identical Brains Studios IPO subscription pattern reveals exceptional retail investor enthusiasm, with this segment reaching an impressive 295.02 times subscription. The Non-Institutional Investors have shown remarkable conviction with 216.73 times subscription, while the Qualified Institutional Buyers demonstrated strong confidence at 17.45 times. This broad-based participation across investor categories underscores strong market recognition of the company's award-winning track record in VFX services.
 

Subscription Status of Identical Brains Studios IPO:

*As of 11:24 AM

Here are the subscription details for Identical Brains Studios IPO as of Day 3 (20th December 2024, 11:24 AM):

Key Highlights Day 3:

• Overall subscription soared to an extraordinary 198.78 times on final day
• Retail investors led with massive 295.02 times subscription, worth ₹1,956.33 crores
• NII category showed exceptional interest at 216.73 times, worth ₹617.93 crores
• QIB portion concluded strongly at 17.45 times, worth ₹66.36 crores
• Total bids received for 48.90 crore shares worth ₹2,640.62 crores
• Applications reached 1,92,396, showing widespread investor interest
• Final day response indicated overwhelming market confidence
• Subscription pattern suggested strong belief in VFX sector growth
   

Identical Brains Studios IPO - Day 2 Subscription at 146.80 Times

Key Highlights Day 2:

• Overall subscription reached impressive 146.80 times
• Retail investors maintained strong momentum with 225.84 times subscription
• NII category showed substantial improvement to 135.45 times
• QIB portion strengthened significantly to 17.43 times
• Day two response indicated building market enthusiasm
• Strong momentum across all investor categories
• Subscription trend suggested robust investor appetite
• Pattern indicated growing market confidence

Identical Brains Studios IPO - Day 1 Subscription at 30.25 Times’

Key Highlights Day 1:

• Overall subscription opened strong at 30.25 times
• Retail investors showed early enthusiasm with 49.46 times subscription
• NII category demonstrated good start at 22.43 times
• QIB portion began well at 2.61 times
• Opening day response reflected positive market sentiment
• Strong initial participation indicated brand recognition
• First-day momentum suggested promising investor interest
• Early subscription levels indicated market confidence
   

About Concord Enviro Systems Limited: 

Founded in 2019, Identical Brains Studios Limited has quickly established itself as a leading provider of computer-generated visual effects (VFX) services in India's entertainment industry. Their impressive portfolio includes award-winning work on notable projects like "Scam 1992: The Harshad Mehta Story" and "Rocket Boys," earning them two Filmfare OTT Awards and a Dadasaheb Phalke Award for Best Visual Effects.

The company's success is built on their integrated approach to technology and infrastructure, supported by a skilled creative and technical workforce. Their financial performance has been particularly strong, achieving 150.71% revenue growth and 231.5% PAT increase between FY2023 and FY2024, demonstrating their growing market presence in the visual effects industry.
 

Highlights of the Identical Brains Studios IPO:

• IPO type: Book Built Issue
• IPO size: ₹19.95 crores
• Fresh Issue: 36.94 lakh shares
• Face value: ₹10 per share
• Price band: ₹51 to ₹54 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹1,08,000
• Minimum investment for HNI: ₹2,16,000 (2 lots)
• Listing at: NSE SME
• IPO opens: December 18, 2024
• IPO closes: December 20, 2024
• Allotment date: December 23, 2024
• Refund initiation: December 24, 2024
• Credit of shares: December 24, 2024
• Listing date: December 26, 2024
• Lead Manager: Socradamus Capital Private Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Rikhav Securities Limited

The exceptional subscription levels across all three days indicate robust market confidence in Identical Brains Studios' technical capabilities, award-winning track record, and growth potential in India's expanding visual effects industry.