Identical Brains Studios IPO, worth Rs19.95 Cr, lists on NSE SME on Dec 26. Subscribed 544.28x overall
QIBs: 187.36x, Non-Institutional- 1,020.2x, Retail- 544.28x. High demand in all categories.
Trading at Rs40 premium (74.07%) over the upper price band of Rs54, indicating strong investor interest.
Issue Open: Dec 18 | Close: Dec 20. Price Band: Rs51-RS54/share. Anchor investors contributed Rs5.66 Cr.
Provides VFX services for films, web series, TV shows, documentaries, and ads. Promoters: Raghvendra & Sameer Rai.
Revenue grew 150.71% to Rs20.26 Cr; net profit rose 231.5% to Rs5.34 Cr. Strong financial performance.
Revenue: Rs11.49 Cr | Net Profit: RS2.40 Cr. Consistent growth in revenue and profitability.
IPO funds for capital expenditure, working capital needs, and general corporate purposes.