Identical Brains Studios Limited IPO Details
SME
Identical Brains Studios IPO opens for subscription on 18 Dec 2024 and closes on 20 Dec 2024. The IPO will be listed on NSE with the tentative listing date set for 26 Dec 2024.
Identical Brains Studios IPO price band has been fixed at ₹51 – ₹54 per share.The face value is ₹10 per share with a lot size of 2000.
Identical Brains Studios IPO total issue size comprises 36,94,000 shares (aggregating up to ₹19.95 Cr). This includes a fresh issue of 36,94,000 shares (aggregating up to ₹19.95 Cr).
Identical Brains Studios IPO carries a ₹25 (46.3%) GMP, reflecting investor sentiment.
Identical Brains Studios IPO Lot Size : Retain Minimum is 1 lot (2,000 shares) amounting to ₹108,000. Retain Maximum is 1 lot (2,000 shares) amounting to ₹108,000. SHNI Minimum is 2 lots (4,000 shares) amounting to ₹216,000.
The Lead Managers for Identical Brains Studios IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Socradamus Capital Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Rikhav Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Identical Brains Studios Limited RHP.
Identical Brains Studios IPO Details
Identical Brains Studios IPO Subscription
Identical Brains Studios IPO Application Wise Breakup
Identical Brains Studios IPO Dates
- 18 Dec 2024Opening dateOPD
- 20 Dec 2024Closing dateCOD
- 23 Dec 2024Allotment Date BOA
- 24 Dec 2024Initiation of RefundsIOR
- 24 Dec 2024Credit of SharesCOS
- 26 Dec 2024Listing dateLID
Identical Brains Studios IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 2000 | ₹108,000 |
| Retain Maximum | 1 | 2000 | ₹108,000 |
| SHNI Minimum | 2 | 4000 | ₹216,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Identical Brains Studios IPO Reservation
Promoter Holding
Identical Brains Studios IPO Valuations
Identical Brains Studios Financial Information
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 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,702.39 | 475.50 | 226.38 |
| Revenue | 2,026.38 | 808.26 | 390.75 |
| Profit After Tax | 534.65 | 161.28 | 51.01 |
| Net Worth | 1,203.62 | 288.51 | 127.23 |
| Reserves and Surplus | 514.82 | 287.51 | 126.23 |
| Total Borrowing | 19.04 | ||
| Amount in ₹ Lakhs | |||
About Identical Brains Studios IPO
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.
Strength Of Identical Brains Studios IPO
1. Integrated and highly scalable service delivery capabilities.
2. Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industry.
3. Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation.
4. Experienced management team with managerial, creative and technical expertise and industry relationships.
Risk Of Identical Brains Studios IPO
1. The company depends upon its relationships with the major Bollywood studios, including key executive and creative talent, and any deterioration in these relationships could materially and adversely affect its business.
2. The Company operates in the constantly evolving entertainment industry, which is subject to rapidly changing consumer behaviour and tastes, and depends on audience acceptance of content for which the company provide VFX services and the longterm popularity of the brands and franchises that its customers produce.
3. If the film and content producers reduce the amount of VFX content they produce and release, the company's revenue would likely decline.
4. Its order book and order pipeline are not necessarily indicative of its future revenue or other results of operations and its may not fully realise the revenue value reported in the company order book and order pipeline.
5. Film and content producers may delay, suspend or terminate its contracts, which could negatively affect the company revenue and harm its reputation and prospects.
6. The company is currently dependent on its top ten customers for its revenues. Further the company does not have any long-term commitments from customers and any failures to continue its existing arrangements could adversely affect the company's business and results of operations.
7. Recent and planned acquisitions among film and content producers, may reduce the breadth of its customer base, and could result in a narrower market for its services, increase competition and reduce negotiating leverage.
8. If the company is unable to develop and maintain technologies to support customers' evolving needs in response to changes in consumer demand, or fails to maintain the quality of its services and its reputation with customers, its business and prospects could suffer.
9. The VFX Industry in which the company operates possess various risks and challenges as provided in the Industry Report titled "Report on VFX Industry in India" dated August 20, 2024, which is exclusively prepared for the purposes of the Issue and issued by D&B and is commissioned and paid for by the Company ("D&B Report").
10. The company secure contracts from both film and content producers and through sub contracting arrangements.
Objectives Identical Brains Studios IPO
- Funding capital expenditure towards the renovation of the existing Andheri office and studio.
- Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (\"DI\") and Sound Studio Set up a new branch office in Andheri.
- Funding capital expenditure towards the establishment of a new branch office in Lucknow.
- Funding capital expenditure for the purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company.
- Funding our incremental working capital requirements; and
- General corporate purposes.
Company 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/
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