IPO

Identical Brains Studios Limited IPO

NSE SME

Listed On: Dec 26, 2024 at ₹ 95.0

₹ 216000 /4000 Shares
*Min Investment

Check Allotment

18 Dec, 2024

Open Date

20 Dec, 2024

Close Date

23 Dec, 2024

Allotment Date

26 Dec, 2024

Listing Date
Identical Brains Studios IPO Issue Details
  • Issue Price ₹51-54 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 36,94,000 shares(aggregating up to ₹19.95 crore)
  • Fresh Share 36,94,000 shares(aggregating up to ₹19.95 crore)
  • Listing at NSE SME
  • List Price 95.0
  • Listing Date 2024-12-26
  • Lead Manager Socradamus Capital Private Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 2000 ₹1,08,000
Retail(max) 1 2000 ₹1,08,000
NII (min) 2 4000 ₹2,16,000
Identical Brains Studios IPO Reservation

Identical Brains Studios IPO offers total 36,94,000 shares. Out of which 7,04,000 (19.06%) allocated to QIB, 5,28,000 (14.29%) allocated to NII,12,28,000 (33.24%) allocated to RII, NA (NA%) allocated to employees and 10,48,000 (28.37%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 10,48,000 (28.37%)
Market Maker Shares Offered 1,86,000 (5.04%)
QIB Shares Offered 7,04,000 (19.06%)
NII (HNI) Shares Offered 5,28,000 (14.29%)
Retail Shares Offered 12,28,000 (33.24%)
Total Shares Offered 36,94,000 (100%)
Identical Brains Studios IPO Documents
DRHP
Identical Brains Studios IPO Details


Identical Brains Studios Limited IPO is an SME IPO, priced at ₹51-54 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 36,94,000 equity shares, aggregating up to ₹19.95 crores..

The IPO bidding window is open from Dec 18, 2024 to Dec 20, 2024. The allotment is expected to be finalized on Dec 23, 2024, and the tentative listing date is Dec 26, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,08,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,16,000.

Socradamus Capital Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Rikhav Securities Limited will act as the market maker for this issue.

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Identical Brains Studios IPO Subscription Analysis And Details
Retail
544.28x
Total
544.28x
As on QIB / NII Retail Total
Shares Offered / Reserved 7,04,000 / 5,28,000 12,28,000 24,60,000
Day 1 18-12-24 06:00 PM
2.61 / 22.43 x 49.46 x 30.25 x
Day 2 19-12-24 06:00 PM
17.43 / 135.23 x 221.87 x 144.77 x
Day 3 20-12-24 06:00 PM
187.36 / 1020.20 x 544.28 x 544.28 x
Total No of Applications
3,55,416
Identical Brains Studios Valuations
EPS Pre IPO ₹5.17/-
EPS Post IPO ₹3.43/-
P/E Pre IPO 10.44
P/E Post IPO 15.74
ROE 71.66%
ROCE 103.52%
Debt/Equity 0.02
RoNW 44.42%
PAT Margin 26.62
Price to Book Value 4.64
Identical Brains Studios Company Financials
In Lakhs
In Lakh
30-Sep-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 2,183.64 1,702.39 475.50 226.38
Revenue 1,149.62 2,026.38 808.26 390.75
Profit After Tax 240.54 534.65 161.28 51.01
Net Worth 1,436.08 1,203.62 288.51 127.23
Reserves & Surplus 402.89 514.82 287.51 126.23
Total Borrowing 17.09 19.04 N/A N/A
About Identical Brains Studios Company

Identical Brains Studios Limited, a computer-generated visual effects company (VFX), was established in 2019. The company renders VFX services for films, web series, TV series, documentaries, and commercials.

The company's work on the films earned them two nominations at the Filmfare OTT Awards, one at the Filmfare Awards, one at the Dadasaheb Phalke Awards, and many more for Best Visual Effects.

The company has bagged two Filmfare OTT Awards for the Best Visual Effect for Scam 1992: The Harshad Mehta Story, 2020, and Rocket Boys, 2022 (in association with Variate Studios LLP) as well as a Dadasaheb Phalke Awards for Phone Bhoot, 2022 (Best Visual Effect).

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Identical Brains Studios - Promoter(s)

Pre Issue Share Holding : 86.53%

Post Issue Share Holding : %

Identical Brains Studios IPO - Issue Objectives
1

Funding capital expenditure towards the renovation of the existing Andheri office and studio.

2

Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (DI) and Sound Studio Set up a new branch office in Andheri.

3

Funding capital expenditure towards the establishment of a new branch office in Lucknow.

4

Funding capital expenditure for the purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company.

5

Funding our incremental working capital requirements

6

General corporate purposes.

Identical Brains Studios IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Identical Brains Studios Limited 5.18 N/A 11.65 9.85 44.42 4.64 Standalone
Prime Focus Ltd. -0.01 N/A 52.32 N/A -0.02 2.52 Standalone
Digikore Studios Limited 19.04 N/A 67.05 14.91 22.47 4.23 Standalone
Phantom Digital Effects Limited 26.9 N/A 106.59 10.04 16.6 2.53 Standalone
Basilic Fly Studio Limited 17.69 N/A 52.2 19.37 29.84 6.57 Standalone

Notes:

  1. P/E Ratio has been computed based on their respective closing market price on December 11, 2024, as divided by the Basic EPS as of March 31, 2024.
  2. CMP is the closing price or the last traded price of respective scripts as of December 11, 2024.
Contact Details

Identical Brains Studios

802, 803 and 804, Crescent Royale, Veera Desai Road, off. New Link Road, Oshiwara, Andheri, Mumbai - 400 053

022 - 6894 3898

investor@identicalbrains.com

https://identicalbrains.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html