Subscriptions for Identical Brains Studios’ initial public offering (IPO), which offers visual effects (VFX) services, will go live on Wednesday, December 18.
IPO size and structure
The book-built IPO of Identical Brains Studios is valued at Rs 19.95 crores. This is a brand-new 36.94 lakh share offering.
50 per cent of the net offer amount has been set aside byIdentical Brains Studios for the category of Qualified Institutional Buyers. Up to 35 per cent of the net issue has been distributed by the firm to individual retail investors, while 15 per cent has been distributed to the Non Institutional Investor (NII) category.
Price band and minimum bid
The pricing range for Identical Brains Studios’ initial public offering is Rs 51 to Rs 54 per share. An application must have a minimum lot size of 2000 shares.
Retail investors must make a minimum investment of Rs 108,000. HNI requires a minimum lot size investment of two lots comprising of 4,000 shares, amounting to Rs 216,000.
Subscription and listing timeline
The subscription period for Identical Brains Studios’ initial public offering (IPO) begins on December 18, 2024, and ends on December 20, 2024.
On Monday, December 23, 2024, the allocation for the Identical Brains Studios initial public offering is anticipated to be finalised. The projected listing date for Identical Brains Studios’ IPO is set for Thursday, December 26, 2024, on the NSE SME.
Use of IPO proceedings
The money raised will be used to enhance and expand the company’s operations, such as renovating the existing studio and offering in Andheri, establishing a ne\w branch office in Lucknow, and establishing a colour grading digital intermediate and sound studio at Andheri’s new branch.
The fresh issue proceeds will also be used to purchase essential equipment like computers, softwares and storage systems. A portion will also be used to meet working capital requirements and general corporate purposes.
Registrar and book running lead manager
Bigshare Services Pvt Ltd is the issue’s registrar, while Socradamus Capital Private Limited is the book running lead manager of the Identical Brains Studios IPO. Rikhav Securities is the market maker for the IPO of Identical Brains Studios.
