10 Shocking Facts About Identical Brains Studios IPO You Need to Know
Quick Summary
- Identical Brains Studios’ SME IPO, launched on December 18, 2024, was fully subscribed within hours, with bids reaching 1.85 times the offer size.
- Retail demand surged 2.71 times, while a Grey Market Premium of ₹38 hints at a 70.37% listing gain.
- The ₹20 crore raised will fund expansion, tech upgrades, and new facilities.
- Financial growth of over 150% in revenue and a 231.5% PAT increase makes this VFX innovator a promising investment opportunity. Listing is expected on December 26, 2024.
Identical Brains Studios, a visionary in the visual effects (VFX) industry, kicked off its Initial Public Offering (IPO) on December 18, 2024. Aiming to raise ₹20 crore, this SME IPO has already captured the market’s attention by being fully subscribed within hours of opening.
Subscription Stats at a Glance:
- Total Subscription: 1.85 times by 11:40 AM on the first day.
- Bids Received: 45.42 lakh shares against 24.60 lakh offered.
- Retail Demand: Surged to 2.71 times the offered shares.
- NII (Non-Institutional Investors): Secured 2.3 times subscription.
- QIB (Qualified Institutional Buyers): Yet to place bids, with 50% of shares reserved for them.
Grey Market Buzz:
- Grey Market Premium (GMP): Shares are buzzing in the grey market with a premium of ₹38, suggesting a potential listing price of ₹92, a whopping 70.37% above the upper IPO price of ₹54.
- GMP Movement: Held steady from December 17, after climbing from ₹32 and ₹13 on the previous two days.
Important Note: GMP can be a roller coaster; it’s not a guaranteed predictor of listing success.
IPO Details You Can't Miss:
- Issue Size: Entirely fresh issue of 36.94 lakh shares.
- Price Band: Set between ₹51 to ₹54 per share.
- Lot Size: Minimum application for 2,000 shares, costing ₹1.08 lakh for retail investors.
- Anchor Investors: Already secured ₹5.66 crore on December 17.
Use of Proceeds:
The company plans to:
- Renovate its current office and studio in Andheri.
- Establish advanced facilities like a Colour Grading Digital Intermediate (DI) and Sound Studio.
- Open a new branch in Lucknow.
- Invest in tech upgrades including computers, storage, and software.
- Support working capital and general corporate needs.
IPO Allotment & Listing:
- Allotment Finalization: Expected on December 23, 2024.
- Tentative Listing Date: Set for December 26, 2024, on NSE and BSE.
Expert Take:
Dilip Davda from Chittorgarh.com comments, “With its impressive growth and strategic project portfolio, Identical Brains Studios looks like a solid medium to long-term investment, despite the IPO being priced fully based on FY25 projections.”
About Identical Brains Studios:
- Founded: In 2019, specializing in cutting-edge VFX for various media.
- Achievements: Notable nominations and awards including Filmfare OTT and Dadasaheb Phalke for Best Visual Effects.
- Financial Performance:
- Revenue Growth: Jumped by 150.71% from FY23 to FY24.
- Profit After Tax (PAT): Increased dramatically by 231.5%.
Why This IPO Matters:
This IPO not only signifies growth in the VFX sector but also offers investors a chance to be part of a company with a proven track record in enhancing cinematic experiences across India and beyond.
Don’t Miss Out! Whether you’re keen on tech, entertainment, or just looking for a promising investment, Identical Brains Studios might just be the next big thing in your portfolio.
Disclaimer: Investment advice here reflects individual analysts’ views and not those of the publication. Always seek advice from certified experts before making investment decisions.
Disclaimer: Investment advice here reflects individual analysts’ views and not those of the publication. Always seek advice from certified experts before making investment decisions.
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