Identical Brains Studios IPO: Key Dates, Objectives, and Investment Insights

Identical Brains Studios IPO: Key Dates, Objectives, and Investment Insights

Identical Brains Studios Limited, established in 2019, specializes in cutting-edge VFX services for films, TV, web series, and commercials. Its robust financial growth and award-winning projects spotlight its industry leadership.

Discover Identical Brains Studios IPO details, key dates, objectives, and growth potential in India’s thriving VFX market. Secure your stake in this ₹19.95 Cr SME IPO.

IPO Details:

• Type: SME IPO
• Equity Shares Offered: 3,694,000 shares
• Face Value: ₹10 per share
• Total Issue Size: ₹19.95 Crores
• Price Band: ₹51 to ₹54 per share
• Minimum Order Quantity: 2,000 shares

Key Dates:

• Opening Date: December 18, 2024
• Closing Date: December 20, 2024

Investors interested in participating in this SME IPO can bid within the specified price band, with a minimum application size of 2,000 shares. The offering is expected to draw attention from retail and institutional investors due to its focus on the growing VFX industry.

Achievements in VFX:

• Award-Winning Projects:
  • Scam 1992: The Harshad Mehta Story (2020): Won the Filmfare OTT Award for Best Visual Effects in collaboration with Variate Studios LLP.
  • Rocket Boys (2022): Secured another Filmfare OTT Award for Best Visual Effects.
  • Phone Bhoot (2022): Recognized with a Dadasaheb Phalke Award for Best Visual Effects.
• Notable Nominations:
  • Their work has garnered nominations at prestigious events, including the Filmfare OTT Awards, the Filmfare Awards, and the Dadasaheb Phalke Awards, solidifying their reputation for excellence in VFX.

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IPO Size and Structure:

• The IPO comprises a fresh issuance of 3.694 million equity shares at a face value of ₹10 each, utilizing the book-building route.
• The raised funds will be allocated to various strategic initiatives aimed at business expansion and infrastructure enhancement

Proceeds Utilization:

1. Office Renovation: The company plans to revamp its existing office and studio located in Andheri, Mumbai, to enhance operational efficiency.
2. Infrastructure Development:
   • Establish a Color Grading Digital Intermediate and Sound Studio in Andheri for high-quality post-production work.
   • Open a new branch office in Lucknow, signaling regional expansion and tapping into emerging markets.
   • Purchase advanced computers, storage systems, and software to upgrade existing facilities and meet the growing demand for high-end VFX services.
3. Working Capital and General Expenses: Funds will also cater to incremental working capital requirements and general corporate purposes.
4. Business Focus and Market Position:

• Identical Brains Studios provides VFX services for various media, including films, TV series, web series, and advertisements.
• Notable clients include leading Bollywood studios and reputed content creators.
• The company has contributed to high-profile projects such as Rocket Boys, Scam 1992: The Harshad Mehta Story, Dream Girl 2, and Indian 2, among others.

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Financial Performance:

• Revenue grew significantly from ₹8.04 crore in FY23 to ₹20.08 crore in FY24, marking a 150% increase year-over-year.
• Profit after tax (PAT) saw a dramatic rise from ₹1.61 crore in FY23 to ₹5.34 crore in FY24.

Industry Context and Growth:

• The Indian VFX industry has witnessed explosive growth, with a compound annual growth rate (CAGR) of 82% from 2020 to 2023.
• Projections indicate further growth, with the market expected to reach INR 1494.8 crore by 2030. Identical Brains Studios is well-positioned to capitalize on this booming industry.

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IPO Management:

• Lead Manager: Socradamus Capital serves as the sole book-running lead manager for the IPO.
• Registrar: Bigshare Services Private Limited is the designated registrar for handling investor queries and allotments.

With remarkable achievements, strong financials, and a strategic focus on expansion, Identical Brains Studios’ IPO offers an attractive investment opportunity in India’s rapidly growing VFX industry.

Disclaimer: All values, calculations and our content are based on our own assumptions /thoughts /information’s available on internet. Please consult with your financial advisor before making any investment decisions based on this article. Vijay Broadcast is not responsible for any Profits / Losses. Thank you for reading, and we look forward to sharing another interesting article with you soon!