Identical Brains Studios IPO subscribed overall 544.28 times on the last day, while A retail quota was subscribed 544.28 times, QIB was subscribed 187.36 times, and NII quota subscribed by 1,020.2 times respectively.
Details About Identical Brains Studios IPO
Identical Brains Studios got approval from SEBI for an IPO of ₹19.95 crores to raise funds and maintain financial stability. The face value of each share was Rs 10 each. Moreover, the company has set up a price band between ₹51 to ₹54 per share. In this IPO total of 2000 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 2000 shares in 1 lot size, while S-HNI (Min) total of 4000 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,08,000 and maximum investment of ₹1,08,000.
- Small HNI (S-HNI): Minimum investment of ₹2,16,000.
Subscription duration of Identical Brains Studios IPO
The Opening date of Identical Brains Studios’ IPO was 18 December and the closing date was 20 December. The Identical Brains Studios IPO allotment was finalized on December 23 and the IPO listing is on December 26.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- The company will be using Funding capital expenditure toward the renovation of the existing Andheri office and studio.
- The raised money will help Fund capital expenditure towards the establishment of Colour Grading Digital Intermediate (“DI”) and Sound Studio to Set up a new branch office in Andheri.
- Half of the Funds will be used in expenditure towards the establishment of a new branch office in Lucknow.
- Purchase of computers, storage systems, and software to further strengthen the existing facilities/offices of the company.
- Funding our incremental working capital requirements; and
- The remaining funds will be used for General corporate purposes.
About Identical Brains Studios IPO
Identical Brains Studios was founded in 1994 and started a business of (VFX) visual effects and imagery (CGI) for films, TV shows, web series, documentaries, and commercials. This studio is certified with TPN, which demonstrates that the company’s safety and industry levels are good. Moreover, 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 projects. Identical Brains Studio got approval for Disney Hotstar and Amazon. They also create architectural visualization applications and educational content. For the fiscal year ending 31 March 2024, the company finished two large projects worth INR 20 crore, six medium-sized projects, and 36 smaller projects totaling INR 2 crore.
Identical Brains Studios IPO Financial Background
In 2024, the company reported revenue of ₹20.09 crore against ₹8.04 crore in 2023. The company reported Profit of ₹5.35 crores in 2024 against Profit of ₹1.61 crores in 2023.
