Identical Brains IPO
IPO Details
- Open Date
18 Dec 2024
- Close Date
20 Dec 2024
- IPO Price Range
₹ 51 - ₹ 54
- IPO Size
₹ 19.95 Cr
- Listing Exchange
NSE SME
- Listing Date
26 Dec 2024
IPO Timeline
Identical Brains IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Dec-24 | 2.61 | 22.2 | 48.04 | 29.49 |
| 19-Dec-24 | 17.43 | 135.27 | 224.34 | 146.01 |
| 20-Dec-24 | 187.36 | 1,020.2 | 544.28 | 544.28 |
Last Updated: 20 December 2024 6:04 PM by 5Paisa
Identical Brains Studios IPO is set to open on 18 December 2024 and will close on 20 December 2024. Identical Brains Studios specializes in computer-generated visual effects (VFX) services for films, web series, TV shows, documentaries, and commercials.
The IPO is a fresh issue of 0.37 Cr shares aggregating to ₹19.95 Cr. The price range is set at ₹51 to₹54 per share and the lot size is 2000 shares.
The allotment is scheduled to be finalized on 23 December 2024. It will go public on NSE SME, with a tentative listing date of 26 December 2024.
Socradamus Capital Pvt. Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Identical Brains IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹19.95 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹19.95 Cr |
Identical Brains IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4000 | ₹204,000 |
Identical Brains IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 187.36 | 7,04,000 | 13,19,00,000 | 712.26 |
| NII (HNI) | 1,020.2 | 5,28,000 | 53,86,66,000 | 2,908.80 |
| Retail | 544.28 | 12,28,000 | 66,83,74,000 | 3,609.22 |
| Total | 544.28 | 24,60,000 | 1,33,89,40,000 | 7,230.28 |
Identical Brains IPO Anchor Allocation
| Anchor Bid Date | 17 December, 2024 |
| Shares Offered | 10,48,000 |
| Anchor portion Size (In ₹ Cr.) | 5.66 |
| Anchor lock-in period end date for 50% shares (30 Days) | 22 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 23 March, 2025 |
1. Funding capital expenditure towards the renovation of the existing office and studio, establishing new branch offices, and Setting up Colour Grading DI and Sound Studio.
2. Funding capital expenditure for upgrading facilities with new computers, storage systems, and software.
3. Funding our incremental working capital requirements; and
4. General corporate purposes.
Incorporated in 2019, Identical Brains Studios Limited specializes in computer-generated visual effects (VFX) services for films, web series, TV shows, documentaries, and commercials. The company has contributed to notable projects, including films nominated for prestigious awards such as the Filmfare OTT Awards, Filmfare Awards, and Dadasaheb Phalke Awards. It has won accolades for Best Visual Effects, including two Filmfare OTT Awards for *Scam 1992: The Harshad Mehta Story* (2020) and *Rocket Boys* (2022), and a Dadasaheb Phalke Award for *Phone Bhoot* (2022).
With operations in cost-effective locations and advanced infrastructure, the company leverages a skilled workforce to deliver high-quality VFX solutions. Its reputation as a trusted partner in the entertainment industry stems from strong relationships, an attractive business model ensuring revenue visibility, and long-term growth potential. Backed by an experienced management team with creative and technical expertise, the company is well-positioned for continued success.
Peers
Prime Focus Limited
Digikore Studios Limited
Phantom Digital Effects Limited
Basilic Fly Studio
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 20.26 | 8.08 | 3.91 |
| EBITDA | 7.62 | 2.32 | 0.70 |
| PAT | 5.35 | 1.61 | 0.51 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 17.02 | 4.76 | 2.26 |
| Share Capital | 6.89 | 0.01 | 0.01 |
| Total Borrowings | 0.19 | - | - |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 1.90 | 2.36 | -0.11 |
| Net Cash Generated From / (used in) investing activities | -5.75 | -1.57 | -0.17 |
| Net Cash Generated From / (used in) financing activities | 3.98 | - | - |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.13 | 0.79 | -0.29 |
Strengths
1. Proven track record with award-winning projects and industry recognition.
2. Skilled workforce combining creative and technical expertise.
3. Advanced infrastructure and integrated VFX technology.
4. Strong relationships within the entertainment industry.
5. Sustainable business model with significant growth and revenue visibility.
Risks
1. Heavy dependence on the entertainment industry for revenue.
2. High competition from global VFX service providers.
3. Capital-intensive operations requiring continuous investment.
4. Vulnerability to project delays and cancellations.
5. Limited geographic presence outside current locations.
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FAQs
Identical Brains IPO opens from 18 December to 20 December 2024.
The size of Identical Brains IPO is ₹19.95 Cr.
The price of Identical Brains IPO is fixed at ₹51 to ₹54 per share.
To apply for Identical Brains IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Identical Brains Studios IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Identical Brains IPO is 2000 shares and the investment required is ₹102,000.
The share allotment date of Identical Brains IPO is 23 December 2024
The Identical Brains IPO will be listed on 26 December 2024.
Socradamus Capital Pvt. Ltd is the book running lead manager for Identical Brains IPO.
Identical Brains Studios plans to utilise the raised capital from the IPO for:
1. Funding capital expenditure towards the renovation of the existing office and studio, establishing new branch offices, and Setting up Colour Grading DI and Sound Studio.
2. Funding capital expenditure for upgrading facilities with new computers, storage systems, and software.
3. Funding our incremental working capital requirements; and
4. General corporate purposes.
Contact Information
Identical Brains
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/
Identical Brains IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Identical Brains IPO Lead Manager
Socradamus Capital Private Limited