1) Identical Brains Studios IPO size
The IPO is completely a fresh equity sale of 36.94 lakh shares and through the issue, the company plans to raise Rs 20 crore.
2) Identical Brains Studios IPO price band
The company is offering its shares at Rs 51-54 apiece, and investors can bid for 2,000 shares in 1 lot.
3) Identical Brains Studios GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 38, indicating a premium of 70% over the issue price.
4) About Identical Brains Studios
Identical Brains Studios is a TPN audited visual effects (VFX) studio, offering comprehensive suite of VFX services in diverse range of projects such as films, web series, TV series, documentaries, and commercials.
5) Industry Overview
The Indian VFX industry has grown from $107.7 million in CY20 to $647.2 million in CY23, with a CAGR of approximately 81.8% and growth rate exceeding 500%. The market is projected to nearly triple, jumping to $1,823 million by CY30.
6) Identical Brains Studios financial performance
For the period ended September 2024, the company clocked total revenues of Rs 11.59 crore and net profit of Rs 2.4 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for funding capital expenditure towards renovation of existing Andheri office and studio, establishment of new branch office in Lucknow, incremental working capital requirements and general corporate purposes.
8) Lead managers and Registrar
Socradamus Capital is acting as the lead manager to the issue and Bigshare Services is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors.
10) Important dates
The IPO opened on December 18 and will close on December 20. The final allotment will likely be made on December 23. The company’s shares will likely get listed on December 26.
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