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Identical Brains Studios IPO vs Toss The Coin IPO

Comparison between Identical Brains Studios IPO and Toss The Coin IPO.

IPO Details

Identical Brains Studios IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Toss The Coin IPO is a SME Bookbuilding proposed to list at BSE SME.

 Identical Brains Studios IPOToss The Coin IPO
LogoIdentical Brains Studios IPO LogoToss The Coin IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersSocradamus Capital Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerRikhav Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Identical Brains Studios IPO is up to ₹18.94 Cr whereas the issue size of the Toss The Coin IPO is up to ₹8.70 Cr. The final issue price of Identical Brains Studios IPO is ₹54.00 per share and of Toss The Coin IPO is ₹182.00 per share.

 Identical Brains Studios IPOToss The Coin IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹172.00 per share
Issue Price (Upper)₹54.00 per share₹182.00 per share
Issue Price (Final)₹54.00 per share₹182.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares600 shares
Fresh Issue Size35,08,000 shares4,78,200 shares
Fresh Issue Size (Amount)up to ₹18.94 Crup to ₹8.70 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,08,000 shares4,78,200 shares
Issue Size Total (Amount)up to ₹18.94 Crup to ₹8.70 Cr

IPO Timetable

Identical Brains Studios IPO opens on Dec 18, 2024, while Toss The Coin IPO opens on Dec 10, 2024. The closing date of Identical Brains Studios IPO and Toss The Coin IPO is Dec 20, 2024, and Dec 12, 2024, respectively.

 Identical Brains Studios IPOToss The Coin IPO
Anchor Bid DateDec 17, 2024Dec 09, 2024
Issue OpenDec 18, 2024Dec 10, 2024
Issue CloseDec 20, 2024Dec 12, 2024
Basis Of Allotment (Tentative)Dec 23, 2024Dec 13, 2024
Initiation of Refunds (Tentative)Dec 24, 2024Dec 16, 2024
Credit of Share (Tentative)Dec 24, 2024Dec 16, 2024
Listing date (Tentative)Dec 26, 2024Dec 17, 2024
Anchor Lockin End date 1Jan 22, 2025Jan 11, 2025
Anchor Lockin End date 2Mar 23, 2025Mar 12, 2025

Financials & KPIs

Identical Brains Studios IPO P/E ratio is 10.44, as compared to Toss The Coin IPO P/E ratio of 22.96.

 Identical Brains Studios IPOToss The Coin IPO
Financials

Identical Brains Studios Limited Financial Information (Restated)

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 Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets2,183.641,702.39475.50226.38
Total Income1,149.622,026.38808.26390.75
Profit After Tax240.54534.65161.2851.01
Net Worth1,436.081,203.62288.51127.23
Reserves and Surplus402.89514.82287.51126.23
Total Borrowing17.0919.04
Amount in ₹ Lakhs

Toss The Coin Ltd Financial Information (Restated)

Toss The Coin Ltd's revenue increased by 2.49% and profit after tax (PAT) dropped by -38.39% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets595.49515.47450.41243.40
Total Income438.68495.53483.48299.85
Profit After Tax116.14109.85178.29104.98
Net Worth498.99445.85361.20190.47
Reserves and Surplus360.39433.25348.60177.87
Total Borrowing0.15
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.5380.00
Promoter Shareholding (Post-Issue)58.67
P/E Ratio10.4422.96
Market Cap₹75.74 Cr.₹34.40 Cr.
ROE71.66%27.22%
ROCE103.52%34.32%
Debt/Equity0.02
EPS₹5.17₹7.93
RoNW44.42%24.64%

Shares Offered

In the Identical Brains Studios IPO Retail Individual Investors (RII) are offered 12,28,000 shares while in Toss The Coin IPO retail investors are offered 12,28,000 shares. Qualified Institutional Buyers (QIB) are offered 7,04,000 shares in Identical Brains Studios IPO and 95,400 shares in Toss The Coin IPO.

 Identical Brains Studios IPOToss The Coin IPO
Anchor Investor Reserveration10,48,000 shares1,42,800 shares
Market Maker Reserveration1,86,000 shares25,800 shares
QIB7,04,000 shares95,400 shares
NII5,28,000 shares72,000 shares
RII12,28,000 shares1,68,000 shares
Employee
Others
Total35,08,000 shares4,78,200 shares

Bids Received (Subscription)

Identical Brains Studios IPO subscribed 544.28x in total, whereas Toss The Coin IPO subscribed 1,025.76x.

 Identical Brains Studios IPOToss The Coin IPO
QIB (times)187.36x147.69x
NII (times)1,020.20x964.18x
Big NII (times)
Small NII (times)
RII (times)544.28x1,550.76x
Employee (times)
Other (times)
Total (times)544.28x1,025.76x