Identical Brains Studios IPO Listing Gains: A Successful Market Debut
Explore Identical Brains Studios’ successful first public offering (IPO). Discover the major elements that made its market debut so successful and the ramifications of its listing for the business and investors.
With shares listing at an astounding 76% premium to the issue price, Identical Brains Studios, a prominent player of visual effects, had a fantastic market debut on the NSE SME platform. The optimistic feeling regarding the prospects and growth of the company and solid fundamentals is reflected in the high level of investor interest. At Rs 19.95 crores, the NSE SME IPO was a book-built offering made up entirely of new equity shares. The SME offering had a price range of Rs 51 to Rs 54 per share, and retail investors needed to deposit a minimum of 2000 shares per lot (i.e.,Rs 1,08,000). The minimum investment required of High Net Worth Individuals (HNIs) was Rs 4000 shares or two lots (i.e., 2,16,000).
Details of the IPO
| Listing Price | Rs. 95 |
| Issue Price | Rs. 54 |
| Listing Gains | Rs. 41 |
| Lot Size | 2,000 |
| Allotment Date | 23 Dec, 2024 |
| Opening Date | 18 Dec, 2024 |
| Closing Date | 20 Dec, 2024 |
| Listing Date | 26 Dec, 2024 |
| Market Maker | Rikhav Securities Limited |
| Registrar | Bigshare Services Pvt Limited |
Future Prospects of Identical Brains Studios
The VFX company is all set for its Andheri office extension and studio renovation, establishing a Lucknow branch office by constructing a sound and color grading facility in Andheri, acquiring necessary hardware, such as storage systems, software, and PCs. This will address broad business objectives and working capital requirements. Moreover, Among the company’s completed projects are ‘The Night Manager’, ‘Article 370’, ‘Khel Khel Mein’, and many more. The company’s portfolio upcoming project is ‘Criminal Justice’ and the awards won by the business in collaboration with Variate Studios LLP is already well-known. IBS also ensures that all its projects are completed on schedule, within budget, and with good quality that is guaranteed by scalable service delivery capabilities. Palghar and Lucknow’s cost-effective locations improve the productivity and scalability of it’s staff. Overall, Industry excellence as well as innovation are fostered by highly skilled technical and creative workers at the company.
Is the Company Worth Applying?
Strong fundamentals, a creative business plan, and seasoned leadership allowed the company to draw in a large number of investors and reach an impressive market valuation already. Although a person can submit only one application at a time for the public issue of IBS but for those looking for a promising IPO, the company is not going to disappoint you as it has a handful of opportunities to offer ahead. Since the company will now be able to spend in important areas including growing operations, improving technological capabilities, and investigating new market opportunities thanks to the money acquired through the IPO, the VFX player is focused on building it’s business like never before.
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It seems like Identical Brains Studios has a solid basis for expansion in the future. It’s crucial to remember, though, that there are a number of dangers and uncertainties associated with the animation and visual effects industries. The key to the company’s long-term success will be its capacity to overcome these obstacles and seize new chances.
Identical Brains Studios IPO
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