Identical Brains Studios IPO, worth Rs19.95 Cr, lists on NSE SME on Dec 26. Subscribed 544.28x overall

IPO Listing

QIBs: 187.36x, Non-Institutional- 1,020.2x, Retail- 544.28x. High demand in all categories.

Subscription Details

Trading at Rs40 premium (74.07%) over the upper price band of Rs54, indicating strong investor interest.

Grey Market Premium

Issue Open: Dec 18 | Close: Dec 20. Price Band: Rs51-RS54/share. Anchor investors contributed Rs5.66 Cr.

IPO Timeline

Provides VFX services for films, web series, TV shows, documentaries, and ads. Promoters: Raghvendra & Sameer Rai.

Company Overview

Revenue grew 150.71% to Rs20.26 Cr; net profit rose 231.5% to Rs5.34 Cr. Strong financial performance.

Financial Growth FY24

Revenue: Rs11.49 Cr | Net Profit: RS2.40 Cr. Consistent growth in revenue and profitability.

April-Sept 2024 Results

IPO funds for capital expenditure, working capital needs, and general corporate purposes.

Fund Utilization

-->