Identical Brains Studios SME IPO Details, Financials, Valuation & Peers

By IPOBase•Last Updated on Dec 30, 2024

Explore Identical Brains Studios IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

Status

Listed

Biding Dates

18 Dec - 20 Dec 2024

Price Range

₹51 - ₹54

Min Investment

₹1,08,000

Lot Size

2000 shares

Issue Size

₹19.95 crore

Listed Price

₹9575.93%

Overview

Identical Brains Studios Limited is a premier provider of computer-generated visual effects (VFX) services, specializing in crafting captivating visual experiences for films, web series, TV series, documentaries, and commercials. Operating from India, the company serves a diverse clientele, including leading Bollywood studios and international content producers. The company’s expertise spans various VFX techniques such as CGI, 3D modeling, animation, compositing, and pre-visualization, making it a key player in transforming creative visions into breathtaking visual realities.

With a highly skilled team of creative and technical professionals, Identical Brains Studios has contributed to acclaimed projects, showcasing its commitment to innovation and excellence. The company has received industry recognition, winning multiple prestigious awards for its outstanding VFX work. Leveraging emerging technologies like AI, ML, VR, and AR, the company continues to push the boundaries of storytelling and visual artistry. The company is TPN-audited, ensuring world-class content security standards and a robust reputation in the US and European markets.

Key Points:

Core Services:
- Comprehensive VFX services for films, TV, web series, documentaries, and commercials.
- Expertise in CGI, 3D modeling, animation, compositing, green screen, and rotoscoping.
Industry Impact:
- Recognized for contributions to films like Scam 1992, Rocket Boys, Adipurush, and Dream Girl 2.
- Projects have received multiple awards, including Filmfare OTT Awards and Dadasaheb Phalke Awards.
Market Position:
- Part of India’s exponentially growing VFX industry, projected to grow to USD 1,823 million by 2030.
- Offers services to leading Bollywood studios and major platforms like Disney+ Hotstar and Amazon.
Technological Edge:
- Integration of AI, ML, VR, and AR to enhance workflows and deliver cutting-edge solutions.
- Proprietary workflow processes ensure flexibility and scalability for projects of any size or complexity.

IPO Docs

Objects of the Issue

Funding capital expenditure towards renovation of existing Andheri office and studio
Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (“DI”) and Sound Studio Set up at new branch office in Andheri
Funding capital expenditure towards establishment of new branch office in Lucknow;
Funding capital expenditure for purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company;
Funding the incremental working capital requirements
General corporate purposes.

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

Fields	Details
IPO Dates	18 Dec - 20 Dec 2024
IPO Price Band	₹51 - ₹54 per share
Fresh Issue	36,94,000 shares
Offer For Sale	NIL
Total IPO Size	₹19.95 crore
Face Value	₹10
Listing On	NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

Event	Date
IPO Opening Date	18 Dec 2024
IPO Closing Date	20 Dec 2024
Basis Of Allotment	23 Dec 2024
Refunds	24 Dec 2024
Demat Transfer	24 Dec 2024
IPO Listing Date	26 Dec 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Sep 2024
Total Income	3.91	8.08	20.26	11.50
Total Expenses	3.21	5.85	12.89	8.26
Net Profit/Loss	0.51	1.61	5.35	2.41
NPM (*)	13.10	20.05	26.62	21.11
Total Assets	2.26	4.76	17.02	21.84
Total Liabilities	0.99	1.87	4.99	7.48

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Sep 2024
EPS	0.49	1.56	5.18	2.33
ROE (%)	50.14	77.59	71.66	18.22
ROCE (%)	81.40	108.80	103.52	25.80
D/E Ratio	NA	NA	0.02	0.01
Current Ratio	1.99	1.60	2.02	2.52
EBITDA MARGIN (%)	18.07	28.82	37.92	37.12

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

Name	revenue	P/E	EPS	RoNW	NAV
Identical Brains Studios Limited	20.09	10.42	5.18	44.42	11.65
Prime Focus Limited	33.45	Negative	-0.01	-0.02	52.32
Digikore Studios Limited	44.96	14.91	19.04	22.47	67.05
Phantom Digital Effects Limited	89.33	10.04	26.90	16.60	106.59
Basilic Fly Studio Limited	100.30	19.37	17.69	29.84	52.20

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor Type	Subscribed
Qualified Institutional Buyer (QIB)	187.36
Non-Institutional Investor (NII/HNI)	1020.2
Retail Individual Investor (RII)	544.28
Total	544.28

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Company Promoters

RAGHVENDRA RAI
SAMEER RAI

Lead Managers

Socradamus Capital Private Limited

Company Address

Identical Brains Studios Limited

802, 803 and 804, Crescent Royale, Veera Desai Road, off. New Link Road, Oshiwara, Andheri, Mumbai - 400 053, Maharashtra, India

Phone: 022 - 6894 3898

Email: investor@identicalbrains.com

Website: www.identicalbrains.com

FAQs

What is the issue size of the Identical Brains Studios SME IPO?
The Identical Brains Studios SME IPO has an issue size of ₹19.95 crore. This includes a fresh issue of 36,94,000 shares and an offer for sale (OFS) of NIL.
What is the price band of the Identical Brains Studios IPO?
The price band for the Identical Brains Studios IPO is ₹51 - ₹54 per share.
What are the bidding dates for the Identical Brains Studios IPO?
The Identical Brains Studios IPO will open for bidding on 18 Dec 2024 and close on 20 Dec 2024.
What is the allotment date for the Identical Brains Studios IPO?
The allotment date for the Identical Brains Studios IPO is 23 Dec 2024.
What is the minimum lot size and investment required for the Identical Brains Studios IPO?
The minimum lot size for the Identical Brains Studios IPO is 2000 shares and the minimum investment required is ₹1,08,000.
What is the listing date for the Identical Brains Studios IPO?
The listing date for the Identical Brains Studios IPO is 26 Dec 2024.
What is the Identical Brains Studios IPO grey market premium?
The grey market premium (GMP) for the Identical Brains Studios IPO is currently at ₹25, with an expected listing gain of approximately 46.3%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.