Mumbai-based VFX firm Identical Brains Studios made a remarkable debut on the NSE Emerge platform, listing at ₹95 per share on December 26, 2024, reflecting a 75.93% premium over its IPO price of ₹54.
IPO Highlights:
- Issue Price: ₹51 – ₹54 per share
- Listing Price: ₹95 per share
- Lot Size: 2,000 shares
- IPO Value: ₹19.95 crore
- Subscription Period: December 18 – December 20, 2024
- Allotment Date: December 23, 2024
- Listing Date: December 26, 2024
Subscription Details:
The IPO received overwhelming demand, being subscribed 544.28 times, with significant interest from retail and non-institutional investors:
- Qualified Institutional Buyers (QIBs): Subscribed 187.36 times.
- Non-Institutional Investors (NIIs): Subscribed 1,020.2 times.
- Retail Investors: Subscribed 544.28 times.
- Total Bids Received: 133.89 crore shares against an offer of 24.6 lakh shares.
Financial Performance:
Identical Brains Studios reported strong financial growth:
- Revenue FY24: ₹20.08 crore (up from ₹8.04 crore in FY23).
- Profit FY24 (PAT): ₹5.34 crore (up from ₹1.61 crore in FY23).
Company Overview:
Identical Brains Studios is a leading VFX company known for its innovative work in the film and entertainment sector. Its successful listing and robust financial performance highlight the growing demand for its high-quality services. The strong market response reaffirms investor confidence in the company’s potential for future growth.
