Identical Brains Studios Limited 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 | 2,000 Shares |
| Total Issue Size | 36,94,000 shares (aggregating up to ₹ 19.95 Cr) |
| Fresh Issue | 36,94,000 shares (aggregating up to ₹ 19.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,03,31,958 |
| Shareholding post issue | 1,40,25,958 |
| Market Maker portion | 1,86,000 shares Rikhav Securities |
About 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
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 Limited IPO Financial Information
Latest Revenue
1,149.62
₹ Crore
Profit After Tax
240.54
₹ Crore
Net Worth
1,436.08
₹ Crore
Total Borrowing
17.09
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 2,183.64 | 1,149.62 | 240.54 | 1,436.08 | 17.09 | ||||
| 31 Mar 2024 | 1,702.39 | 2,026.38 | 534.65 | 1,203.62 | 19.04 | ||||
| 31 Mar 2023 | 475.50 | 808.26 | 161.28 | 288.51 | — | ||||
| 31 Mar 2022 | 226.38 | 390.75 | 51.01 | 127.23 | — | ||||
| Amount in ₹ Crore | |||||||||
Identical Brains Studios Limited 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 |
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Competitive Strengths
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.
Download regulatory filings
Identical Brains Studios Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4000 | ₹216,000 |