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.
Identical Brains Studios IPO – Details
| IPO Opening Date | 18 December 2024 |
| IPO Closing Date | 20 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 36,94,000 Shares Worth ₹19.95 Crore Fresh Issue: 36,94,000 Shares Worth ₹19.95 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹54 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Identical Brains Studios IPO – Date Schedule
| IPO Open Date | 18 December 2024 |
| IPO Close Date | 20 December 2024 |
| Basis of Allotment | 23 December 2024 |
| Initiation of Refund | 24 December 2024 |
| Credit of Shares to Demat Account | 24 December 2024 |
| IPO Listing Date | 26 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2024 |
Identical Brains Studios IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,08,000 |
| Retail (Max) | 1 | 2000 | ₹1,08,000 |
| HNI (Min) | 2 | 4000 | ₹2,16,000 |
Competitive Strengths
- Operations in economically attractive locations.
- Integrated technology and infrastructure.
- Skilled creative and technical workforce.
- Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industry.
- Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation.
- Experienced management team with managerial, creative and technical expertise and industry relationships.
Company Promoters
- Raghvendra Rai
- Sameer Rai
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 3.90 | 3.21 | 0.51 | – |
| 31 March 2023 | 8.08 | 5.84 | 1.61 | – |
| 31 March 2024 | 20.26 | 12.89 | 5.34 | 0.19 |
| 30 September 2024 | 11.49 | 8.25 | 2.40 | 0.17 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 71.66% |
| ROCE | 103.52% |
| Debt/Equity | 0.02 |
| RoNW | 44.42% |
| P/BV | 4.64 |
| PAT Margin (%) | 26.62 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.17 | 3.43 |
| P/E (x) | 10.44 | 15.74 |
Object Of The Issue
- Funding capital expenditure towards the renovation of the existing Andheri office and studio.
- Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (“DI”) and Sound Studio Set up a 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 our incremental working capital requirements; and
- General corporate purposes.
Identical Brains Studios IPO Promoter Holding
| Pre Issue Share Holding | 86.53% |
| Post Issue Share Holding | – |
Identical Brains Studios IPO Prospectus
Company Contact Information
| Identical Brains Studios Limited 802, 803 and 804, Crescent Royale, Veera Desai Road, off. New Link Road, Oshiwara, Andheri, Mumbai – 400 053, Phone: 022 – 6894 3898 Email: investor@identicalbrains.com Website: https://identicalbrains.com/ |
Identical Brains Studios IPO Registrar
| 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 Lead Manager(s)
| 1.Socradamus Capital Private Limited |
Identical Brains Studios IPO FAQs
| What is Identical Brains Studios IPO? Identical Brains Studios IPO is an SME IPO. The issue is priced at ₹51 and ₹54 per equity share. The IPO is to be listed on NSE SME. |
| When Identical Brains Studios IPO will open? The IPO is to open on 18 December 2024 for QIB, NII, and Retail Investors. |
| What is Identical Brains Studios IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Identical Brains Studios IPO? You can apply Identical Brains Studios IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Identical Brains Studios IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Identical Brains Studios IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Identical Brains Studios IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Identical Brains Studios IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Identical Brains Studios IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Identical Brains Studios IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Identical Brains Studios IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Identical Brains Studios IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Identical Brains Studios IPO Size? Identical Brains Studios IPO size is ₹19.95 Crore. |
| What is Identical Brains Studios IPO Price Band? Identical Brains Studios IPO Price Band is ₹51 – ₹54. |
| What is Identical Brains Studios IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 Shares with ₹1,08,000. |
| What is the Identical Brains Studios IPO Allotment Date? Identical Brains Studios IPO allotment date is 23 December 2024. |
| What is the Identical Brains Studios IPO Listing Date? Identical Brains Studios IPO listing date is 26 December 2024. The IPO is to be listed on NSE SME. |
