IPO Details
Bidding Dates
18 Dec 24 - 20 Dec 24
Price Range ₹
51 - 54
Total Equity
₹ 19.95Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
18 Dec 2024
Offer end
20 Dec 2024
Allotment
23 Dec 2024
Refund initiation
24 Dec 2024
Demat transfer
24 Dec 2024
Listing
26 Dec 2024
Offer start
18 Dec 2024
Offer end
20 Dec 2024
Allotment
23 Dec 2024
Refund initiation
24 Dec 2024
Demat transfer
24 Dec 2024
Listing
26 Dec 2024
About Company
Incorporated in 2019, Identical Brains Studios Limited specializes in delivering cutting-edge computer-generated visual effects (VFX) services for films, web series, TV shows, documentaries, and commercials. The company has earned recognition for its exceptional VFX work, with projects receiving nominations for prestigious awards, including the Filmfare OTT Awards, Filmfare Awards, and the Dadasaheb Phalke Awards. Notably, the company has won two Filmfare OTT Awards for *Scam 1992: The Harshad Mehta Story* (2020) and *Rocket Boys* (2022) in collaboration with Variate Studios LLP, as well as a Dadasaheb Phalke Award for *Phone Bhoot* (2022). Identical Brains Studios’ competitive strengths include cost-efficient operations, advanced technology infrastructure, and a skilled creative workforce. Renowned for its trusted relationships within the entertainment industry, the company operates a sustainable business model that ensures revenue visibility, long-term margin expansion, and strong cash flow potential. Its experienced management team combines technical, managerial, and creative expertise, positioning the company as a leader in the VFX space.
Year Founded
04-02-2019
Promotor Details
Raghvendra Rai
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 86.53 | 63.74 |
| Share Capital | 8940000 | 8940000 |
Offer to Public
36,94,000.00 Cr
Highlights
- Equipped with state-of-the-art software, hardware, and proprietary tools, the company optimizes its VFX production processes to deliver superior output.
- Being a TPN-audited provider, the company follows stringent security protocols, ensuring the protection of client projects from unauthorized access or breaches.
- Longstanding partnerships with major Bollywood studios and modern production houses offer consistent revenue streams and access to high-profile projects.
- The company’s network positions it to work on sequels and spin-offs of successful film and television franchises, enhancing its market presence.
- The company has achieved robust year-on-year growth in revenue and profit, showcasing its strong operational performance and financial stability.
Challenges
- A significant portion of revenue comes from a few major Bollywood studios, making the company vulnerable to disruptions in these relationships or changes in production strategies.
- The reliance on a small group of top customers for the majority of revenue exposes the company to financial instability if any of these clients reduce or cease business.
- A substantial share of projects involves subcontracting, underlining the need to maintain strong third-party relationships. Weakening of these ties could hinder project acquisition and growth.
- With key operations based in Palghar and Lucknow, the company is exposed to potential risks arising from adverse regional developments, including political or economic instability.
- Ongoing legal proceedings involving the company and its key personnel pose a risk of unfavorable outcomes that could harm the business’s operations, reputation, and financial standing.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 226.08 | 1.00 | 534.65 | 534.65 | 5.1747 |
| 2024 | 1,700.93 | 688.80 | 534.65 | 534.65 | 5.1747 |
| 2023 | 475.15 | 1.00 | 161.28 | 161.28 | 1.804 |
