Identical Brains Studios IPO Details
| IPO Open Date: | December 18, 2024 |
| IPO Close Date: | December 20, 2024 |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹51 to ā¹54 Per Share |
| Issue Size: | Approx ā¹19.95 Crores |
| Fresh Issue: | Approx ā¹19.95 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Identical Brains Studios IPO Market Lot
The Identical Brains Studios IPO minimum market lot is 2000 shares with ā¹1,08,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ā¹1,08,000 |
| Retail Maximum | 1 | 2,000 | ā¹1,08,000 |
| S-HNI Minimum | 2 | 4,000 | ā¹2,16,000 |
Identical Brains Studios IPO Dates
The Identical Brains Studios IPO date is December 18 and the close date is December 20. The Identical Brains Studios IPO allotment will be finalized on December 23 and the IPO listing on December 26.
| IPO Open Date: | December 18, 2024 |
| IPO Close Date: | December 20, 2024 |
| Basis of Allotment: | December 23 2024 |
| Refunds: | December 24, 2024 |
| Credit to Demat Account: | December 24, 2024 |
| IPO Listing Date: | December 26, 2024 |
Promoters of Identical Brains Studios IPO
The promoters of the company are Mr. Raghvendra Rai, and Mr. Sameer Rai.
About Identical Brains Studios IPO
Identical Brains Studios is an expert in creating high-quality computer-generated visual effects (VFX) and imagery (CGI) for films, TV shows, web series, documentaries, and commercials. This studio was established in 2019 and certified by TPN(Trusted Partner Network), indicating that the industry meets security and industry levels. They also have expertise in applications such as architectural visualization and educational content. This studio offers varied services like rotoscoping, paint and cleanup, 2D/3D compositing, CGI, camera tracking, matte painting, 3D texturing, and motion graphics. They also plan to make state-of-the-art color grading and digital intermediate facilities and Tanaav 2 and Criminal Justice 4 are their next upcoming project. Moreover, they received approval for projects of Disney hotstar and Amazon. For the FY 2024, this studio has completed two substantial projects valued at INR 20 crore, six medium-sized projects, and 36 smaller projects totaling INR 2 crore.
Identical Brains Studios IPO Company Financial Report
The company reported revenue of ā¹20.09 crores in 2024 against ā¹8.04 crore in 2023. The company reported Profit of ā¹5.35 crores in 2024 against Profit of ā¹1.61 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹3.89 | ā¹3.21 | ā¹0.51 | ā¹2.26 |
| 2023 | ā¹8.04 | ā¹5.85 | ā¹1.61 | ā¹4.76 |
| 2024 | ā¹20.09 | ā¹12.89 | ā¹5.35 | ā¹17.02 |
Identical Brains Studios IPO Valuation – FY2024
Check Identical Brains Studios IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 71.66% |
| ROCE: | 103.52% |
| EBITDA Margin: | 37.92% |
| PAT Margin: | 26.62% |
| Debt to equity ratio: | 0.02 |
| Earning Per Share (EPS): | ā¹5.18 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 44.42% |
| Net Asset Value (NAV): | ā¹11.65 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Prime Focus Limited | (0.01) | NA | (0.02) % | 52.32 | – Cr. |
| Digikore Studios Limited | 19.04 | 24.68 | 22.47% | 67.05 | – Cr. |
| Phantom Digital Effects Limited | 26.90 | 14.45 | 16.60% | 106.59 | – Cr. |
| Basilic Fly Studio Limited | 17.69 | 32.47 | 29.84% | 52.20 | – Cr. |
Objects of the Issue
- Funding capital expenditure towards renovation of existing Andheri office and studio;
- Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (āDIā) and Sound Studio Set up at new branch office in Andheri;
- Funding capital expenditure towards establishment of new branch office in Lucknow;
- Funding capital expenditure for 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 Review
- IPO Watch – May Apply
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- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Identical Brains Studios IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Socradamus Capital Private Limited
Company Address
Identical Brains Studios Limited
802, 803, and 804, Crescent Royale, Veera Desai Road,
off. New Link Road, Oshiwara, Andheri,
Mumbai ā 400 053, Maharashtra, India
Phone: 022 ā 6894 3898
E-mail: [email protected]
Website: www.identicalbrains.com
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Note: The Identical Brains Studios IPO price band and date are officially announced. The (Identical Brains Studios IPO grey market premium) will be added to the IPO GMP page as it will start).




