Identical Brains Studios IPO Details
| IPO Issue Open Date: | 18 December 2024 |
| IPO Issue Close Date: | 20 December 2024 |
| IPO Issue Price Band: | ₹51 to ₹54 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹19.95 Crores | 14,000,000 shares |
| Fresh Issue: | ₹19.95 Crores | 10,500,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Identical Brains Studios IPO Prospectus:
Checkout the Identical Brains Studios IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Identical Brains Studios IPO Dates Timeline
| Issue Open Date: | 18 December 2024 |
| Issue Close Date: | 20 December 2024 |
| Basis of Allotment Date: | 23 December 2024 |
| Refunds Initiation: | 24 December 2024 |
| Shares Credit in Demat: | 24 December 2024 |
| IPO Listing Date Detail: | 26 December 2024 |
Identical Brains Studios IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 2000 shares = ₹1,08,000 |
| Retail (Max) | 1 lots and 2000 shares = ₹1,08,000 |
| S-HNI (Min) | 2 lots and 4000 shares = ₹2,16,000 |
| B-HNI Minimum | – |
Identical Brains Studios IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| 20th Dec | ₹44 | ₹80,000 | ₹- | 81% |
| 19th Dec | ₹35 | ₹60,000 | ₹- | 65% |
| 18th Dec | ₹35 | ₹60,000 | ₹- | 65% |
| 17th Dec | ₹32 | ₹50,000 | ₹- | 59% |
| 16th Dec | ₹14 | ₹21,000 | ₹- | 26% |
| 13th Dec | ₹- | ₹- | ₹- | -% |
Check Live GMP
About Identical Brains Studios
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 Strengths
- Integrated and highly scalable service delivery capabilities
- Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industr
- Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation
- Experienced management team with managerial, creative and technical expertise and industry relationships
Objects of the IPO Issue
- Setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
- Further Investment in NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
- General Corporate Purposes
Identical Brains Studios Company Financial Report
The company reported revenue of ₹20.09 crores in 2024 against ₹8.04 crores in 2023. The company reported a profit of ₹5.35 crores in 2024 against a Profit of ₹1.61 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 – Key Performance Indicator
KPI as of March 31, 2024.
| 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): | ₹5.18 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 44.42% |
| Net Asset Value (NAV): | ₹11.65 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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 |
Identical Brains Studios IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Identical Brains Studios IPO Lead Manager
- Socradamus Capital Private Limited
Identical Brains Studios IPO allotment status noq on Link Intime website. Click on Bigshare Services Pvt. Ltd. to get allotment status.
Promoters of Identical Brains Studios
- Ranbir Singh Khadwalia
- Sunita Saini
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: 022 – 6894 3898
E-mail: investor@identicalbrains.com
Website: www.identicalbrains.com