Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Identical Brains Studios IPO is a book build issue of ₹19.95 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹19.95 crore.
Identical Brains Studios IPO bidding started from Dec 18, 2024 and ended on Dec 20, 2024. The allotment for Identical Brains Studios IPO was finalized on Dec 23, 2024. The shares got listed on NSE SME on Dec 26, 2024.
Identical Brains Studios IPO price band is set at ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Socradamus Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Identical Brains Studios IPO RHP for detailed Information.
| IPO Date | December 18, 2024 to December 20, 2024 |
| Listing Date | December 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,94,000 shares (aggregating up to ₹19.95 Cr) |
| Reserved for Market Maker | 1,86,000 shares Rikhav Securities Ltd. (aggregating up to ₹1.00 Cr) |
| Net Offered to Public | 35,08,000 shares (aggregating up to ₹18.94 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,03,31,958 shares |
| Share Holding Post Issue | 1,40,25,958 shares |
Identical Brains Studios IPO offers total 36,94,000 shares. Out of which 17,52,000 (47.43%) allocated to QIB, 7,04,000 (19.06%) allocated to QIB, 5,28,000 (14.29%) allocated to NII, 12,28,000 (33.24%) allocated to RII and 10,48,000 (28.37%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,86,000 (5.04%) |
| QIB Shares Offered | 17,52,000 (47.43%) |
| − Anchor Investor Shares Offered | 10,48,000 (28.37%) |
| − QIB (Ex. Anchor) Shares Offered | 7,04,000 (19.06%) |
| NII (HNI) Shares Offered | 5,28,000 (14.29%) |
| Retail Shares Offered | 12,28,000 (33.24%) |
| Total Shares Offered | 36,94,000 (100.00%) |
Identical Brains Studios IPO raises ₹5.66 crore from anchor investors. Identical Brains Studios IPO Anchor bid date is December 17, 2024. Identical Brains Studios IPO Anchor Investors list
| Bid Date | December 17, 2024 |
| Shares Offered | 10,48,000 |
| Anchor Portion Size (In Cr.) | 5.66 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 23, 2025 |
Identical Brains Studios IPO opens on December 18, 2024, and closes on December 20, 2024.
| IPO Open Date | Wed, Dec 18, 2024 |
| IPO Close Date | Fri, Dec 20, 2024 |
| Tentative Allotment | Mon, Dec 23, 2024 |
| Initiation of Refunds | Tue, Dec 24, 2024 |
| Credit of Shares to Demat | Tue, Dec 24, 2024 |
| Tentative Listing Date | Thu, Dec 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 20, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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 |
| Total Income | 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 | ||||
The market capitalization of Identical Brains Studios IPO is ₹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 |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is engaged in providing comprehensive VFX services for electronic media, films etc. It posted quantum jump in its top and bottom lines from FY24 onwards. Its portfolio includes few upcoming projects from well-known production houses. Based on its FY25 annualized earnings, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 26, 2024 |
| BSE Script Code | |
| NSE Symbol | IDENTICAL |
| ISIN | INE0TD101011 |
| Final Issue Price | ₹54 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹95.00 |
| Low | ₹90.25 |
| High | ₹99.75 |
| Last Trade | ₹99.75 |
Identical Brains Studios Ltd.
802, 803 and 804, Crescent Royale,
Veera Desai Road, off. New Link Road,
Oshiwara, Andheri, Mumbai
Andheri, Maharashtra, 400053
Phone: 022 - 6894 3898
Email: investor@identicalbrains.com
Website: https://identicalbrains.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Identical Brains Studios IPO is a SME IPO of 36,94,000 equity shares of the face value of ₹10 aggregating up to ₹19.95 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on December 18, 2024, and closes on December 20, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Identical Brains Studios IPO using UPI as a payment gateway. Zerodha customers can apply in Identical Brains Studios IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Identical Brains Studios IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Identical Brains Studios IPO opens on December 18, 2024 and closes on December 20, 2024.
Identical Brains Studios IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Identical Brains Studios IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Identical Brains Studios IPO will be done on Monday, December 23, 2024, and the allotted shares will be credited to your demat account by Tuesday, December 24, 2024. Check the Identical Brains Studios IPO allotment status.
The Identical Brains Studios IPO listing date is on Thursday, December 26, 2024.
Useful Articles
RHP