Identical Brains Studios Ltd. was incorporated on February 4, 2019. The company provides computer-generated visual effects (VFX) services, delivering a comprehensive suite of solutions for films, web series, TV series, documentaries, and commercials
| Bidding Dates |
|---|
| 18 Dec 2024 - 20 Dec 2024 |
| Subscription |
|---|
| 506.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 3.7 M | ₹51 - ₹54 | 63.74 % | ₹188.4 M - ₹199.5 M | RHP DOC |
Identical Brains Studios Ltd. IPO SUBSCRIPTION STATUS
20 Dec '24Identical Brains Studios Ltd. IPO overall subscription rate was 506.09 times the total available shares
Identical Brains Studios Ltd. IPO retail subscription rate was 721.71 times in the retail segment
Identical Brains Studios Ltd. IPO non-institutional investor subscription rate was 1357.65 times in the non-institutional investor category
Identical Brains Studios Ltd. IPO Qualified Institutional Bidder subscription rate was 99.7 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
20 Dec 2024 (Day 3) | 721.71x | 1357.65x | 99.7x |
19 Dec 2024 (Day 2) | 294.2x | 179.9x | 9.28x |
18 Dec 2024 (Day 1) | 63.08x | 29.42x | 1.39x |
Identical Brains Studios Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 24.1 | 113.9 | -30.0 | -30.2 | 37.1% |
| FY24 | 53.5 | 200.9 | 19.0 | -3.1 | 37.9% |
| FY23 | 16.1 | 80.4 | 23.6 | 19.2 | 28.8% |
| FY22 | 5.1 | 38.9 | -1.1 | -1.6 | 18.1% |
Identical Brains Studios Ltd. IPO SUBSCRIPTION STATUS DETAILS
Identical Brains Studios Ltd. had 3.7 M shares on offer
Identical Brains Studios Ltd. IPO offer price was in the range ₹51 - ₹54
Identical Brains Studios Ltd. IPO minimum Investment was ₹102000
Identical Brains Studios Ltd. IPO issue size was ₹ 188.4 M - ₹ 199.5 M
Identical Brains Studios Ltd. had a minimum lot size of 2000 Shares per application
Identical Brains Studios Ltd. NUMBER OF SHARES ON OFFER
Identical Brains Studios Ltd. IPO IMPORTANT DATES
| Issue Open Date | 18 Dec 2024 |
| Issue close Date | 20 Dec 2024 |
| Allotment Date | 23 Dec 2024 |
| Refund Date | 24 Dec 2024 |
| Demat Account Credit Date | 24 Dec 2024 |
| Listing Date | 26 Dec 2024 |
| Listing on Exchange(s) | NSE |
| Identical Brains Studios Ltd. Allotment Status | Exchange |
Identical Brains Studios Ltd. IPO subscription opened on 18 Dec 2024, and closed on 20 Dec 2024
IPO allotment for Identical Brains Studios Ltd. was finalized on Monday, 23 Dec 2024
IPO listing for Identical Brains Studios Ltd. was on NSE on Thursday, 26 Dec 2024
Identical Brains Studios Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 54.0 |
| Listing Open Price | 95.0 |
| Listing Close Price | 99.8 |
| Listing Gain% | 75.9% |
| Current Gain% | -66.0% |
Identical Brains Studios Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Identical Brains Studios Ltd. | 18.4 | 25.7 | 16.3 | -0.3 | 1.3 | 4.4 | 4 | 19.7 | -23.2 | 1.6 | -60 | 1.1 | -60 |
| Prime Focus Ltd. | 284.2 | 22136.6 | 146.7 | 0.8 | 4.5 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1146.5 | 11258.6 | 25.3 | 0.1 | 1.6 | 4.5 | 2.1 | 6903.9 | 16 | 333.6 | 219.3 | 45.3 | 387 |
| Saregama India Ltd. | 527.2 | 10165.9 | 46.1 | 5.6 | 9.8 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 651.5 | 8328.2 | 38.8 | 1.4 | 21.1 | 83.4 | 59.9 | 394.3 | 19.6 | 216.7 | 30.1 | 16.8 | 27.1 |
| Panorama Studios International Ltd. | 48.4 | 1201.7 | 86.3 | -1.3 | 3.9 | 4.5 | 1.2 | 317.4 | -13.9 | 10 | -76.2 | 0.6 | -66 |
Identical Brains Studios Ltd. INFORMATION ON IPO ISSUE
About Identical Brains Studios Ltd.
Identical Brains Studios Ltd. was incorporated on February 4, 2019. The company provides computer-generated visual effects (VFX) services, delivering a comprehensive suite of solutions for films, web series, TV series, documentaries, and commercials
Object of the Issue
- Funding capital expenditure towards the renovation of the existing Andheri office and studio
- Funding capital expenditure towards the establishment of Colour Grading Digital Intermediate (“DI”) and Sound Studio Set up at its 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 the incremental working capital requirements
- General corporate purposes
Identical Brains Studios Ltd. - PROMOTERS
| Name |
|---|
| Raghvendra Rai |
| Sameer Rai |
Identical Brains Studios Ltd. Lead Manager of the Issue
Socradamus Capital Private Limited
info@socradamus.in
Identical Brains Studios Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Identical Brains Studios Ltd. Strengths
Integrated and highly scalable service
The company’s integrated service delivery capabilities enable efficient project completion on time and within budget, while maintaining high-quality standards, positioning it well for growth in the VFX services industry
Reputation
The company prioritizes building strong customer relationships by fostering open communication to understand their unique needs, preferences, and goals, ensuring trust and tailored solutions
Attractive business model
The company emphasizes adopting new methods and technology to stay at the forefront of industry trends, enabling it to push creative boundaries through proactive monitoring and integration of the latest VFX advancements
Identical Brains Studios Ltd. Risks
Client relationship
The company relies on strong relationships with major Bollywood studios, key executives, and creative talent, and any deterioration in these relationships could negatively impact its business
Evolving entertainment industry
The company operates in the dynamic entertainment industry, which is influenced by rapidly changing consumer behavior and tastes. Its success depends on audience acceptance of content and the long-term popularity of the brands and franchises produced by its customers
Dependent on top 10 customers
The company relies on its top ten customers for a significant portion of its revenue. The absence of long-term commitments from these customers means that any disruption in these relationships could negatively impact the business and its results of operations
IPO FAQs
The promoters of the company are Raghvendra Rai and Sameer Rai.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 54.0.
The IPO application opens on Dec 18, 2024 and closes on Dec 20, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Dec 23, 2024.
The refund will be credited to your account on Dec 24, 2024.
The allotted shares will be credited to your demat on Dec 24, 2024.
Identical Brains Studios Ltd.’s shares listed on the stock exchanges on Dec 26, 2024.