Identical Brains Studios Ltd
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.