Identical Brains Studios IPO Overview

Identical Brains Studios IPO is a book built issue of Rs 19.95 crores. The issue is entirely a fresh issue of 36.94 lakh shares.

Identical Brains Studios IPO bidding opened for subscription on December 18, 2024 and will close on December 20, 2024. The allotment for the Identical Brains Studios IPO is expected to be finalized on Monday, December 23, 2024. Identical Brains Studios IPO will list on NSE SME with tentative listing date fixed as Thursday, December 26, 2024.

Identical Brains Studios IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,08,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,16,000.

Socradamus Capital Private Limited is the book running  lead manager of the Identical Brains Studios IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Identical Brains Studios IPO is Rikhav Securities Limited.

Refer to Identical Brains Studios IPO RHP for detailed information.

Identical Brains Studios IPO Important dates

Identical Brains Studios IPO IPO opens on December 18, 2024, and closes on December 20, 2024.

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

Identical Brains Studios IPO Financial Performance

Identical Brains Studios Limited’s revenue increased by 150.71% and profit after tax (PAT) rose by 231.5% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 2,183.64 1,702.39 475.50 226.38
Revenue 1,149.62 2,026.38 808.26 390.75
Profit After Tax 240.54 534.65 161.28 51.01
Net Worth 1,436.08 1,203.62 288.51 127.23
Reserves and Surplus 402.89 514.82 287.51 126.23
Total Borrowing 17.09 19.04
Amount in ₹ Lakhs

Identical Brains Studios IPO Key Performance Indicator

The market capitalization of Identical Brains Studios IPO is Rs 75.74 Cr.

KPI as of Sun, Mar 31, 2024.

KPI Values
ROE 71.66%
ROCE 103.52%
Debt/Equity 0.02
RoNW 44.42%
PAT Margin 26.62
Price to Book Value 4.64
Pre IPO Post IPO
EPS (Rs) 5.17 3.43
P/E (x) 10.44 15.74

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Identical Brains Studios IPO Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  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; and
  6. General corporate purposes.

Identical Brains Studios IPO Lot Size

nvestors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹1,08,000
Retail (Max) 1 2000 ₹1,08,000
HNI (Min) 2 4,000 ₹2,16,000

Identical Brains Studios IPO Details

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
Share Holding Pre Issue 1,03,31,958 shares
Share Holding Post Issue 1,40,25,958 shares
Market Maker Portion 1,86,000 shares

Identical Brains Studios IPO Company Overview and Services

Incorporated in 2019, Identical Brains Studios Limited offers computer-generated visual effects (“VFX”) services. The company provides VFX services for projects such as films, web series, TV series, documentaries, and commercials.

The company has provided VFX services for films that received two Filmfare OTT Awards nominations, one Filmfare Awards nomination, one Dadasaheb Phalke Awards nomination and more for Best Visual Effects.

The company has also won two Filmfare OTT Awards for Best Visual Effects for Scam 1992: The Harshad Mehta Story (2020) and Rocket Boys (2022) in association with Variate Studios LLP and one Dadasaheb Phalke Awards for Phone Bhoot (2022) for Best Visual Effect.

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.

Identical Brains Studios IPO SWOT Analysis

Strengths:

  • Experienced Team: Identical Brains Studios boasts a skilled and experienced team with a strong track record in the VFX industry.
  • Growing Market: The Indian VFX and animation industry is experiencing significant growth, driven by increasing demand from the entertainment sector (films, TV shows, OTT platforms, advertising).
  • Diverse Portfolio: The company caters to a diverse client base, including film production houses, advertising agencies, and digital content creators.
  • Technological Expertise: Identical Brains Studios likely possesses expertise in cutting-edge VFX technologies and software.

Weaknesses:

  • Competition: The VFX industry is highly competitive, with both domestic and international players vying for market share.
  • Client Concentration Risk: Reliance on a limited number of key clients could pose a risk to revenue stability.
  • Dependence on Technology: The company’s operations are heavily reliant on technology, and any disruption or obsolescence could impact productivity and profitability.

Opportunities:

  • Expanding into New Markets: The company can explore opportunities in new markets such as gaming, virtual reality (VR), and augmented reality (AR).
  • International Expansion: Expanding into international markets can provide access to a larger customer base and higher growth potential.
  • Strategic Partnerships: Collaborating with other companies in the entertainment industry, such as production houses and streaming platforms, can open new avenues for growth.
  • Technological Innovation: Investing in research and development to adopt and integrate the latest VFX technologies can provide a competitive edge.

Threats:

  • Economic Slowdown: An economic downturn could impact the entertainment industry, leading to reduced spending on VFX and animation.
  • Technological Disruptions: Rapid advancements in technology could render existing technologies obsolete, requiring significant investments in upgrades.
  • Talent Acquisition and Retention: Attracting and retaining skilled VFX artists can be challenging due to competition for talent.
  • Regulatory Changes: Changes in government regulations or tax policies could impact the company’s operations.

Identical Brains Studios IPO GMP Details

Identical Brains Studios SME IPO last GMP is ₹40, last updated Dec 19th 2024 11:54 AM. With the price band of 54.00, Identical Brains Studios SME IPO’s estimated listing price is ₹94 (cap price + today’s GMP).The expected percentage gain/loss per share is 74.07%

We update GMP on a daily basis and based on last 8 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹40. Stay with us to know the daily price trend of Identical Brains Studios SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
19-12-2024 54.00 ₹40  60800 ₹94 (74.07%) 19-Dec-2024 11:54
18-12-2024 Open 54.00 ₹40   60800 ₹94 (74.07%) 18-Dec-2024 22:27
17-12-2024 54.00 ₹38   57800 ₹92 (70.37%) 17-Dec-2024 22:26
16-12-2024 54.00 ₹32   48600 ₹86 (59.26%) 16-Dec-2024 17:55
15-12-2024 54.00 ₹13  19800 ₹67 (24.07%) 15-Dec-2024 17:29
14-12-2024 54.00 ₹13   19800 ₹67 (24.07%) 14-Dec-2024 22:29

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Identical Brains Studios IPO Subscription Status 

Identical Brains Studios IPO subscribed 113.49 times. The public issue subscribed 177.75 times in the retail category, 15.82 times in QIB, and 94.25 times in the NII category by December 19, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Anchor Investors 1 10,48,000 10,48,000 5.66 –
Market Maker 1 1,86,000 1,86,000 1.00 –
Qualified Institutions 15.82 7,04,000 1,11,40,000 60.16 10
Non-Institutional Buyers*** 94.25 5,28,000 4,97,66,000 268.74 6,312
Retail Investors 177.75 12,28,000 21,82,74,000 1,178.68 1,09,137
Total ** 113.49 24,60,000 27,91,80,000 1,507.57 1,15,459

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.
Date QIB NII* Retail Total
Day 1
Dec 18, 2024		 2.61 22.43 49.46 30.25
Day 2
Dec 19, 2024		 15.82 94.25 177.75 113.49

Identical Brains Studios IPO Allotment status 

Identical Brains Studios IPO allotment is expected on Monday, December 23, 2024.

Identical Brains Studios IPO allotment status is not available at this time. Identical Brains Studios IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Identical Brains Studios Limited IPO allotment status.

To check Identical Brains Studios IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to investor@bigshareonline.com.

Identical Brains Studios IPO Contact Details

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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

Want to Raise money for your company through SME IPO? Read More