Identical Brains Studios Ltd

Published On: 15/12/20241.9 min read

Identical Brains Studios Ltd, a Mumbai-based visual effects (VFX) company, has announced its Initial Public Offering (IPO) to raise funds for expansion and development. Below is a comprehensive overview of the IPO details:

Introduction

Identical Brains Studios Ltd is set to launch its IPO, offering up to 36,94,000 equity shares with a face value of ₹10 each through the book-building route. The subscription period is scheduled from December 18 to December 20, 2024.

Company Overview

Founded in 2019 by first-generation entrepreneur Raghvendra Rai, Identical Brains Studios Ltd has rapidly emerged as a prominent player in the VFX industry. The company offers a comprehensive suite of VFX services for films, web series, TV series, documentaries, and commercials. Their clientele includes leading film and content producers, notably major Bollywood studios. The company’s portfolio boasts projects like “Scam 1992: The Harshad Mehta Story,” “Rocket Boys,” and “Criminal Justice 4.”

IPO Timeline

  • IPO Open Date: December 18, 2024
  • IPO Close Date: December 20, 2024
  • Listing Date: To be announced

Price Band and Lot Size

  • Price Band: ₹51 to ₹54 per share
  • Lot Size: To be announced

Financials

In the fiscal year 2024, Identical Brains Studios reported a revenue of ₹20.08 crore, a significant increase from ₹8.04 crore in fiscal 2023. The net profit for fiscal 2024 was ₹5.34 crore, up from ₹1.61 crore in fiscal 2023, indicating robust financial growth.

Strengths

  • Rapid Growth: Demonstrated substantial financial growth within a short period.
  • Diverse Portfolio: Engaged in various high-profile projects across multiple media formats.
  • Industry Recognition: Recipient of two Filmfare OTT Awards for Best Visual Effects.

Risks

  • Market Competition: Faces competition from other established players in the VFX industry.
  • Dependence on Entertainment Industry: Business performance is closely tied to the growth and demand in the entertainment sector.

IPO Anchor Investors Details

Details regarding anchor investors have not been disclosed as of now.

IPO Promoter Holding

Promoter Pre-Issue Holding Post-Issue Holding
Raghvendra Rai 86.53% To be announced

IPO Grey Market Premium (GMP)

As of now, there is no available information regarding the Grey Market Premium for Identical Brains Studios Ltd’s IPO.

Final Thoughts

Identical Brains Studios Ltd’s IPO presents an opportunity for investors interested in the rapidly expanding VFX industry. The company’s impressive financial growth and involvement in high-profile projects are promising indicators. However, potential investors should consider the competitive landscape and the company’s reliance on the entertainment sector before making investment decisions.

Latest News

Investor Education

IPO for Beginners: Understand How Initial Public Offerings Work

New to IPOs? Learn how Initial Public Offerings work, their benefits, risks, and how you can invest smartly in upcoming public companies.

Investing in an Initial Public Offering (IPO) can be an exciting opportunity for investors. IPOs offer a chance to get in on the ground floor of a company’s growth potential. This guide will provide you with the basics of IPO investment, including its benefits, risks, and why companies choose to go public.

Introduction to Mutual Funds: A Beginner’s Guide to Smart Investing

Explore how mutual funds help diversify your investments. This beginner’s guide explains types, benefits, and key tips for mutual fund investing.

Mutual funds have become a popular investment choice for individuals seeking to diversify their portfolios and achieve their financial goals. For beginners, understanding the basics of mutual funds is the first step towards making informed investment decisions.

Stock Market Basics: A Beginner’s Guide to Investing in Shares

Learn how the stock market works, why it's essential to the economy, and how you can start trading confidently as a first-time investor.

The stock market is often described as the backbone of modern economies. It’s a dynamic platform where individuals and institutions come together to trade shares of publicly listed companies. For beginners, the stock market might seem like a complex and intimidating space, but in reality, it’s a structured marketplace that fuels economic growth and provides opportunities for wealth creation.