New Delhi: Identical Brains Studios IPO opened for subscription on December 18 and the offer will remain open till December 20. The company aims to raise Rs 20 crore through the initial public offering (IPO).
The Mumbai-headquartered Visual Effects (VFX) company’s public issue comprises a fresh issuance of 36.94 lakh equity shares with a face value of Rs 10 each. The firm has announced that the iPO proceeds will be used to expand and enhance its operations. Identical Brains Studios, which is the business of providing computer-generated visual effects services for projects such as films, web series, TV series intends to use the money to renovate the existing office and studio in Andheri and open a new branch office in Lucknow. It also plans to set up a Color Grading Digital Intermediate (DI) and Sound Studio in Andheri.
Identical Brains Studios IPO GMP, price band
According to investorgain, Identical Brains Studios IPO today morning stood at Rs 38. With the price band of Rs 54, the shares of Identical Brains are estimated to be listed at Rs 92, which means listing gains of around 70 per cent.
Identical Brains Studios IPO price band is set in the range of Rs 51 to Rs 54 per equity share. The retail investors are required to apply for a minimum of 2000 shares for which the minimum amount of investment required is Rs 1,08,000. The investors in HNI category are required to bid for 2 lots, for which one has to pump in Rs 2,16,000.
Identical Brains Studios IPO allotment date
Socradamus Capital Private Limited is the book running lead manager
Bigshare Services Pvt Ltd is the registrar
Rikhav Securities Limited is the market maker
Identical Brains Studios IPO expected allotment date: December 23, 2024
Shares likely to be credited to the Demat accounts of eligible applicants: December 24
Shares Listing Date likely on December 26
Identical Brains Studios posted a profit (PAT) of Rs 5.34 crore in 2023-24, as compared to Rs 1.61 crore in FY23. The VFX providing firm recorded Rs 20.08 crore in revenue from operations in the previous financial year as against Rs 8.04 crore in FY23.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Identical Brains Studios IPO GMP is signalling that shares are expected to be listed with 70 per cent gains. The IPO of the Visual Effects providing firm will remain open for subscription from December 18 to 20, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
