The IPO of Identical Brains Studios will open on December 18, 2024, and close on December 20, 2024. It is a Book Built Issue, with the company aiming to raise approximately ₹19.95 crores. This amount includes a fresh issue of ₹19.95 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the Identical Brains Studios IPO is set between ₹51 and ₹54 per share. The allocation for the retail quota is 35%, QIB (Qualified Institutional Buyers) will receive 50%, and HNI (High Net-Worth Individuals) will get 15%. The IPO is expected to list on the NSE on December 26, 2024, with the allotment date scheduled for December 23, 2024.
In terms of financial performance, the company reported a revenue of ₹20.09 crores in 2024, compared to ₹8.04 crores in 2023. The profit for 2024 stood at ₹5.35 crores, a significant increase from ₹1.61 crores in 2023. Based on these financials, investors are advised to consider applying for the IPO with a long-term investment perspective.
Identical Brains Studios IPO Details
- IPO Opening Date: December 18, 2024
- IPO Closing Date: December 20, 2024
- Face Value: ₹10 per equity share
- IPO Price Band: ₹51 to ₹54 per share
- Issue Size: Approximately ₹19.95 crores
- Fresh Issue: Approximately ₹19.95 crores
- Issue Type: Book Built Issue
- IPO Listing: NSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Identical Brains Studios IPO Market Lot Details
The minimum market lot for the Identical Brains Studios IPO is 2,000 shares, with an application amount of ₹1,08,000.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,08,000 |
| Retail Maximum | 1 | 2,000 | ₹1,08,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,16,000 |
Identical Brains Studios IPO Key Dates
The Identical Brains Studios IPO will open on December 18, 2024, and close on December 20, 2024. The allotment will be finalized on December 23, 2024, and the IPO listing will take place on December 26, 2024.
| Event | Date |
|---|---|
| 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 Identical Brains Studios are Mr. Raghvendra Rai and Mr. Sameer Rai.
About Identical Brains Studios IPO
Identical Brains Studios specializes in creating high-quality computer-generated visual effects (VFX) and imagery (CGI) for films, TV shows, web series, documentaries, and commercials. Founded in 2019, the studio is certified by the Trusted Partner Network (TPN), ensuring compliance with industry security standards. In addition to entertainment, they have expertise in architectural visualization and educational content.
The studio offers a wide range of services, including rotoscoping, paint and cleanup, 2D/3D compositing, CGI, camera tracking, matte painting, 3D texturing, and motion graphics. They are also planning to develop advanced color grading and digital intermediate facilities. Upcoming projects include Tanaav 2 and Criminal Justice 4. Identical Brains Studios has secured approvals for projects with major platforms like Disney Hotstar and Amazon.
For the fiscal year 2024, the studio completed two major projects worth INR 20 crore, along with six medium-sized projects and 36 smaller projects totaling INR 2 crore.
Identical Brains Studios IPO Financial Report
Identical Brains Studios reported a significant increase in revenue, reaching ₹20.09 crores in 2024, compared to ₹8.04 crores in 2023. The company also saw a rise in profit, with ₹5.35 crores in 2024, up from ₹1.61 crores in 2023.
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2022 | ₹3.89 | ₹3.21 | ₹0.51 | ₹2.26 |
| 2023 | ₹8.04 | ₹5.85 | ₹1.61 | ₹4.76 |
| 2024 | ₹20.09 | ₹12.89 | ₹5.35 | ₹17.02 |
Identical Brains Studios IPO Valuation – FY2024
Here are the key valuation details for Identical Brains Studios IPO, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 71.66% |
| Return on Capital Employed (ROCE) | 103.52% |
| EBITDA Margin | 37.92% |
| Profit After Tax (PAT) Margin | 26.62% |
| Debt to Equity Ratio | 0.02 |
| Earnings Per Share (EPS) | ₹5.18 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 44.42% |
| Net Asset Value (NAV) | ₹11.65 |
Peer Group Comparison
Here is a comparison of Identical Brains Studios with its peer group based on key financial metrics:
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹ in Crores) | Income (₹ in Crores) |
|---|---|---|---|---|---|
| Prime Focus Limited | (0.01) | N/A | (0.02%) | 52.32 | – |
| Digikore Studios Limited | 19.04 | 24.68 | 22.47% | 67.05 | – |
| Phantom Digital Effects Limited | 26.90 | 14.45 | 16.60% | 106.59 | – |
| Basilic Fly Studio Limited | 17.69 | 32.47 | 29.84% | 52.20 | – |
Objects of the Issue
The funds raised through the issue will be utilized for the following purposes:
- Capital expenditure for the renovation of the existing office and studio in Andheri.
- Capital expenditure for the establishment of a Colour Grading Digital Intermediate (DI) and Sound Studio at the new branch office in Andheri.
- Capital expenditure for setting up a new branch office in Lucknow.
- Capital expenditure for the purchase of computers, storage systems, and software to enhance the existing facilities/offices.
- Meeting incremental working capital requirements.
- General corporate purposes.
Identical Brains Studios IPO Review
- Canara Bank
- DRChoksey FinServ
- 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: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Manager (Merchant Banker)
- 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 – 400 053, Maharashtra, India
Phone: +91 22 6894 3898
Email: investor@identicalbrains.com
Website: www.identicalbrains.com
How to apply for the Identical Brains Studios IPO?
You can apply for the Identical Brains Studios IPO through ASBA online via your bank account. Alternatively, you can apply via UPI through your stock broker or by filling out the offline form with your stock broker.
What is the issue size of the Identical Brains Studios IPO?
The total issue size of the Identical Brains Studios IPO is ₹19.95 Crores.
What is the price band for the Identical Brains Studios IPO?
The price band for the Identical Brains Studios IPO is ₹51 to ₹54 per equity share.
What is the lot size for the Identical Brains Studios IPO?
The minimum bid for the IPO is 2,000 shares, with a total investment of ₹1,08,000.
What is the allotment date for the Identical Brains Studios IPO?
The allotment date for the Identical Brains Studios IPO is December 23, 2024.
What is the listing date for the Identical Brains Studios IPO?
The listing date for the Identical Brains Studios IPO is December 26, 2024. The IPO will be listed on the NSE.
Identical Brains Studios IPO FAQs
What is the Identical Brains Studios IPO?
The Identical Brains Studios IPO is an SME IPO where the company aims to raise ₹19.95 Crores. The issue price is set between ₹51 and ₹54 per equity share. The IPO will be listed on the NSE.
When will the Identical Brains Studios IPO open for subscription?
The IPO will open for subscription on December 18, 2024, for QIB, NII, and Retail Investors. The subscription will close on December 20, 2024.
What is the allocation for investors in the Identical Brains Studios IPO?
The investor allocation is as follows:
- QIB: 50%
- NII: 15%
- Retail: 35%
