Identical Brains Studios IPO subscription started on Wednesday, December 18, and will close on December 20 as per the schedule. The price band is set at ₹51 to ₹54 per share with a face value of ₹10.
Identical Brains Studios IPO Subscription Status
Identical Brains Studios IPO Subscribed over 30.01x on its First day till 05.00 PM on 18th December.
- Identical Brains Studios IPO subscription QIB investors portion is 2.61x times, while NII subscribed 22.33x times and RII investors subscribed 48.78x times.
- The company has received bids for 7,35,36,000 shares against 24,60,000 shares on offer on the First day.
- Identical Brains Studios IPO Subscribed over 30.01x on day 1.
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 ₹20.09 crore in 2024 against ₹8.04 crore in 2023. The company reported Profit of ₹5.35 crores in 2024 against Profit of ₹1.61 crores in 2023.
Identical Brains Studios IPO GMP:
Identical Brains Studios IPO GMP was ₹35 as of Wednesday, December 18th. That indicates the IPO is trading at ₹89 with ₹35 premium in the grey market against the issue price of ₹54.
