Identical Brains Studios Limited is coming up with an IPO with a fresh issue of 36,94,000 shares worth INR 19.95 crores. The company aims to enhance facilities, expand offices, acquire equipment, and meet working capital needs. 

Identical Brains Studios IPO – Important Dates 

Read more about Identical Brains Studios Limited IPO GMP

Identical Brains Studios Limited IPO – Company Profile 

Identical Brains Studios Limited provides innovative VFX services for films, web series, TV shows, and commercials, transforming creative visions into captivating visual experiences with a skilled team dedicated to storytelling and cutting-edge CGI integration. 

Since 2019, Identical Brains Studios Limited has delivered award-winning VFX services for films like The Crew, Article 370, Rocket Boys, and Scam 1992, earning Filmfare OTT and Dadasaheb Phalke awards for visual effects. 

As a TPN-audited VFX studio, Identical Brains Studios Limited delivers secure, high-quality, cost-effective VFX solutions approved by Disney Hotstar and Amazon. It excels in adaptability, scalability, and expedited turnaround for global markets. 

Identical Brains Studios Ltd IPO Fundamental Analysis 

Identical Brains Studios Limited’s financial analysis reveals a mixed performance. Revenue has grown significantly, profitability and EPS improved, assets increased, and RoNW reflects strong returns, showcasing business growth and enhanced financial stability despite liquidity challenges. 

• Revenue Trend: The revenue increased from ₹389.29 lakhs in March 2022 to ₹804.29 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 2,008.80 lakhs.
• Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹51.01 lakhs in March 2022 to ₹534.65 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹0.49 in March 2022 to ₹5.18 by March 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has risen from 40.09% to 44.42%, indicating an increase in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

Check out the other upcoming IPOs this month:

Identical Brains Studios IPO Financial Analysis 

Identical Brains Studios Limited IPO Peer Comparison 

Identical Brains Studios Limited demonstrates strong financial metrics compared to peers like Prime Focus, Digikore Studios, Phantom Digital Effects, and Basilic Fly Studio, showcasing superior profitability, return ratios, and earnings per share within the competitive VFX industry. 

Identical Brains Studios Ltd IPO Objective 

The main objective of Identical Brains Studios Limited is to enhance infrastructure, establish new offices and studios, upgrade technology, and meet incremental working capital needs to strengthen its operations and support future growth. 

1. Funding capital expenditure towards the renovation of the existing Andheri office and studio: The company intends to utilise INR 0.52 crores to renovate its Andheri studio, enhancing productivity, technological infrastructure, creativity, scalability, energy efficiency, and client impressions, ensuring a competitive advantage and sustainable growth in the VFX industry. 

2. Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (“DI”) and Sound Studio Set up a new branch office in Andheri: The company plans to utilise INR 2.86 crores to establish a Colour Grading DI and Sound Studio at a new Andheri branch, enhancing post-production capabilities and providing comprehensive services to filmmakers in fiscal years 2025 and 2026. 

3. Funding capital expenditure towards establishment of a new branch office in Lucknow: The company aims to utilise INR 0.60 crores to establish a new branch office in Lucknow, capitalizing on the city’s talent pool, cost efficiency, strategic location, and government support to expand operations in North India. 

4. Funding capital expenditures for the purchase of computers, storage systems, and software to strengthen the company’s existing facilities/offices: The company plans to allocate INR 3.43 crores for the purchase of high-performance computers, storage systems, and software to enhance VFX operations, ensuring efficient rendering, data management, and collaboration across departments in Fiscals 2025 and 2026. 

5. Funding their incremental working capital requirements: The company will utilise INR 7.04 crores from the Net Proceeds to fund incremental working capital requirements in Fiscal years 2025 and 2026, addressing project cycle length, client payment terms, and resource allocation challenges. 

6. General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including meeting ongoing general corporate expenses, difficulties, contingencies, and costs related to fulfilling specific business requirements as per operational needs. 

Identical Brains Studios IPO Risks And Challenges 

Identical Brains Studios Limited’s risk includes potential adverse effects from deteriorating relationships with key clients, failure to adapt to changing technology and consumer preferences, and declining interest in VFX content or OTT business challenges. 

• The company’s strong relationships with major Bollywood studios and content producers, which accounted for 66.49% of revenue in FY 2024, could adversely affect its business if these relationships deteriorate or key clients discontinue services. 

• The company operates in a dynamic environment influenced by changing technology, consumer preferences, and unpredictable audience reactions. Failure to adapt to these changes or shifts in brand popularity could adversely affect its business, financial condition, and operations. 

• The company relies on film and content producers for VFX services. Declining interest in VFX content or challenges in the OTT business could reduce service demand, adversely affecting the company’s financial performance and operations. 

Identical Brains Studios Ltd IPO – Industry & Market Potential 

The global VFX industry is poised for significant growth. Market revenue is expected to rise from USD 74.6 billion in CY 2023 to USD 184.5 billion by CY 2030, reflecting a CAGR of over 13.5%, driven by various key factors. 

India’s VFX market, currently under 1% of the global share, is set for significant growth. With an estimated 15.8% CAGR from 2024 to 2030, it will outpace the global VFX market’s projected 13.9% CAGR, surpassing 1% market share by 2030. 

The M&E sector is projected to grow from INR 2.32 trillion in CY 2023 to INR 2.55 trillion by CY 2024, with digital media surpassing television and expanding further at a CAGR of 9.9% to INR 3.08 trillion by CY 2026. 

Identical Brains Studios Limited IPO – Type of Offer 

Identical Brains Studios Limited is coming up with an IPO with a fresh issue of 36,94,000 shares worth INR 19.95 crores. The company aims to enhance facilities, expand offices, acquire equipment, and meet working capital needs. 

Identical Brains Studios IPO Offer Size 

The offer size of Identical Brains Studios Limited is INR 19.95 crores, consisting of a fresh issue of 36,94,000 shares. The company aims to enhance facilities, expand offices, acquire equipment, and meet working capital needs. 

Identical Brains Studios Limited IPO Allotment Structure 

Identical Brains Studios Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

How to apply for Identical Brains Studios IPO?

To apply for the Identical Brains Studios Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Identical Brains Studios Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Identical Brains Studios Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Identical Brains Studios IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Identical Brains Studios Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Identical Brains Studios Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Identical Brains Studios Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Identical Brains Studios Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Identical Brains Studios Ltd IPO Offer Registrar

The registrar for the Identical Brains Studios Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

BIGSHARE SERVICES PRIVATE LIMITED

Office No. S6-2, 6th Floor, Pinnacle Business Park, 

Next to Ahura Centre, Mahakali Caves Road,

Andheri East, Mumbai – 400 093, 

Maharashtra, India

Telephone: 022 – 6263 8200

Email: [email protected]

Website: www.bigshareonline.com 

Identical Brains Studios SME IPO – FAQs