Identical Brains Studios Ltd IPO
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Identical Brains Studios Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 36.94 L | TBA | ₹ 12.28 L | ₹ 89.4 L | NSE | ₹ 19.95 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 18 Dec, 24 | 20 Dec, 24 | 2000 | ₹ 1,02,000 | Book Building - SME | 26 Dec, 24 |
Identical Brains Studios Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Entertainment |
| Sub Sector | Electronic Media Software |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 75.29x | 1752000 | 131900000 |
| NII | 1020.55x | 528000 | 538852000 |
| Retail | 544.28x | 1228000 | 668374000 |
| Employee | 0x | 0 | 0 |
| Total | 362.51x | 3694000 | 1339126000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Identical Brains Studios Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 7.77 | 2.35 | 0.71 |
| EBITDA | 8.17 | 2.47 | 0.73 |
| PAT | 5.35 | 1.61 | 0.51 |
| Total Assets | 9.73 | 2.98 | 1.97 |
| Share Capital | 6.89 | 0.01 | 0.01 |
| Total Borrowings | 1.99 | 0.80 | 0.56 |
| Operating Activities (Net Cash) | 5.75 | 1.73 | 0.53 |
| Investing Activities (Net Cash) | 5.12 | 1.42 | 0.25 |
| Financing Activities (Net Cash) | 1.99 | 0.80 | 0.56 |
| Net Cashflow | 1.80 | 1.67 | 0.88 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Identical Brains Studios Ltd
Identical Brains Studios Limited was incorporated as a One Person Company under the name Identical Brains (OPC) Private Limited under the provisions of the Companies Act, 2013 vide certificate of incorporation dated February 04,2019 issued by the Assistant Registrar of Companies, Central Registration Centre, Manesar. Further, the company was converted from a OPC to private limited company pursuant to a special resolution passed in the extraordinary general meeting of its shareholders held on April 02, 2021 and the name of the Company was changed to Identical Brains Private Limited with a fresh Certificate of Incorporation dated July 08, 2021 issued by the Registrar of Companies, Mumbai. Subsequently, the name of the company was changed to Identical Brains Studios Private Limited pursuant to a special resolution passed in the extraordinary general meeting of its shareholders held on March 22, 2024, consequent upon which, a fresh certificate of incorporation dated June 18, 2024 was issued by the Assistant Registrar of Companies, Central Registration Centre. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of its shareholders held on June 21, 2024 and the name of the Company was changed to Identical Brains Studios Limited with a fresh certificate of incorporation dated August 12, 2024, issued to the Company by the Assistant Registrar of Companies, Central Registration Centre. The Corporate Identification Number of the Company is U22219MH2019PLC320624.
Visual Effects or VFX breathes life into the fantastical worlds and impossible scenarios by creation or manipulation of any imagery not filmed during live-action shooting, using techniques, including computer-generated imagery, compositing, and green screens, alongside services like 3D modeling, animation, rotoscoping, etc. The Indian VFX industry has grown from USD 107.7 million in CY 2020 to USD 647.2 million in CY 2023, with a CAGR of approximately 81.8% and growth rate exceeding 500%. The market is projected to nearly triple, jumping from USD 647 million in CY 2023 to USD 1,823 million by CY 2030, with a CAGR exceeding 15.9%.
Identical Brains Studios Limited is a TPN audited visual effects (VFX) studio, offering comprehensive suite of VFX services in diverse range of projects such as films, web series, TV series, documentaries, and commercials. Its portfolio includes upcoming projects like Tanaav 2, Criminal Justice 4, and completed projects include Khel Khel Mein, Murder in Mahim, Bad Cop, The Crew, Article 370, Mission Raniganj, Dream Girl 2, Indian 2, Rocket Boys, Bob Biswas, Kutch Express, Ek Villian Returns, Night Manager, Criminal Justice 3, Phone Bhoot, Satyamev Jayate 2, Angrezi Medium, Scam 1992: The Harshad Mehta Story, Good Newwz, Panipat and many more.
Peer Comparison:
- Prime Focus Ltd
- Digikore Studios Ltd
- Phantom Digital Effects Ltd
- Basilic Fly Studio Ltd
Identical Brains Studios Ltd IPO Key Points
Strengths
- Integrated and highly scalable service delivery capabilities.
- Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industry.
- Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation.
- Experienced management team with managerial, creative and technical expertise and industry relationships.
Risk
- The company depends upon its relationships with the major Bollywood studios, including key executive and creative talent, and any deterioration in these relationships could materially and adversely affect its business.
- The Company operates in the constantly evolving entertainment industry, which is subject to rapidly changing consumer behaviour and tastes, and depends on audience acceptance of content for which the company provide VFX services and the longterm popularity of the brands and franchises that its customers produce.
- If the film and content producers reduce the amount of VFX content they produce and release, the company's revenue would likely decline.
Strategy
- Establish Colour Grading Digital Intermediate (DI) and Sound Studio Set up.
- Pursue emerging content media and strategically increase scale.
- Investment in technologies, infrastructure and facilities.
- Maintain creative, technical and managerial leadership by leveraging its brand and reputation to recruit leading talent.
- Expand its VFX services offering to film and content producers in new, high-growth geographic markets.
- Integrated and highly scalable service delivery capabilities.
- Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industry.
- Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation.
- Experienced management team with managerial, creative and technical expertise and industry relationships.
How To Apply for Identical Brains Studios Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
