Bookbuilding IPO | ₹20 Cr | Listed at NSE SME | Wed, Dec 18, 2024 - Fri, Dec 20, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Dec 18, 2024
IPO Close
Fri, Dec 20, 2024
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹75.74 Cr
| IPO Date | 18 to 20 Dec, 2024 |
| Listed on | Thu, Dec 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 36,94,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,86,000 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 35,08,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 35,08,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 1,03,31,958 shares |
| Share Holding Post Issue | 1,40,25,958 shares |
| NSE Symbol | IDENTICAL |
| ISIN | INE0TD101011 |
Identical Brains Studios IPO comprises a total issue size of 36,94,000 shares. The net offer to the public is 35,08,000 shares, after excluding 1,86,000 shares allotted on a firm basis. Of the Net offer 17,52,000 (49.94%) are allocated to QIB, 5,28,000 (15.05%) allocated to NII 12,28,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,52,000 | 49.94% | 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 | 15.05% | 14.29% |
| Retail Shares Offered | 12,28,000 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,86,000 | 5.04% | |
| Total Shares Offered | 36,94,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Identical Brains Studios IPO raises ₹5.66 crore from anchor investors. Identical Brains Studios IPO Anchor bid date is December 17, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 17, 2024 |
| Shares Offered | 10,48,000 |
| Anchor Portion (₹ Cr.) | 5.66 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 23, 2025 |
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:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 21.84 | 17.02 | 4.76 | 2.26 |
| Total Income | 11.50 | 20.26 | 8.08 | 3.91 |
| Profit After Tax | 2.41 | 5.35 | 1.61 | 0.51 |
| NET Worth | 14.36 | 12.04 | 2.89 | 1.27 |
| Reserves and Surplus | 4.03 | 5.15 | 2.88 | 1.26 |
| Total Borrowing | 0.17 | 0.19 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards renovation of existing Andheri office and studio; | 0.52 |
| 2 | Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (“DI”) and Sound Studio Set up at new branch office in Andheri; | 2.86 |
| 3 | Funding capital expenditure towards establishment of new branch office in Lucknow; | 0.76 |
| 4 | Funding capital expenditure for purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company; | 3.43 |
| 5 | Funding our incremental working capital requirements; and | 7.04 |
| 6 | General corporate purposes | 3.56 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 5.17 | 3.43 |
| P/E (x) | 10.44 | 15.74 |
| Promoter Holding | 86.53% | 63.74% |
| Market Cap | ₹75.74 Cr. |
The Identical Brains Studios IPO is subscribed 544.28 times on December 20, 2024 6:19:59 PM (Day 3). The public issue subscribed 544.28 times in the retail category, 187.36 times in the QIB category, and 1,020.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 187.36 | 7,04,000 | 13,19,00,000 | 90 |
| NII* | 1,020.2 | 5,28,000 | 53,86,66,000 | 21,139 |
| Retail | 544.28 | 12,28,000 | 66,83,74,000 | 3,34,187 |
| Total | 544.28 | 24,60,000 | 1,33,89,40,000 | 3,55,416 |
Total Application : 3,55,416
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees including underwriting commission | 0.25 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.06 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.96 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, secretarial, peer review auditors, etc.) | 0.45 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹95.00 |
| Low | ₹90.25 |
| High | ₹99.75 |
| Last Trade | ₹99.75 |
Lead Manager Reports
Identical Brains Studios IPO is a SME IPO of 36,94,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Dec 18, 2024, and closes on Fri, Dec 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 Wed, Dec 18, 2024 and closes on Fri, Dec 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 Tue, Dec 24, 2024. Check the Identical Brains Studios IPO allotment status.
The Identical Brains Studios IPO listing date is on Thu, Dec 26, 2024.
