Identical Brains Studios IPO Subscribed over 544.28x on its last day of subscription

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 544.28x on its last day till 05.00 PM on 20th December.

• Identical Brains Studios IPO subscription QIB investors portion is 187.36x times, while NII subscribed 1,020.2x times and RII investors subscribed 544.28x times.
• The company has received bids for 1,33,89,40,000 shares against 24,60,000 shares on offer on the last day.
• Identical Brains Studios IPO Subscribed over 544.28x on day 3
• Identical Brains Studios IPO Subscribed over 145.86x on day 2.
• Identical Brains Studios IPO Subscribed over 30.25x 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 ₹44 as of Friday, December 20th. That indicates the IPO is trading at ₹98 with ₹44 premium in the grey market against the issue price of ₹54.