Identical Brains Studios IPO Closed
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Schedule of Identical Brains Studios
| Issue open date | 18 Dec 2024 |
| Issue close date | 20 Dec 2024 |
| UPI mandate deadline | 20 Dec 2024 (5 PM) |
| Allotment finalization | 23 Dec 2024 |
| Refund initiation | 24 Dec 2024 |
| Share credit | 24 Dec 2024 |
| Listing date | 26 Dec 2024 |
| Mandate end date | 04 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 22 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 23 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Identical Brains Studios
Incorporated in 2019, Identical Brains Studios provides computer-generated visual effects (VFX) services, delivering a wide range of offerings for films, web series, TV shows, documentaries, and commercials. Based in India, its clientele includes leading Bollywood studios and global content producers. The company has worked on acclaimed projects such as Scam 1992, Rocket Boys, and Adipurush, earning awards like Filmfare OTT and Dadasaheb Phalke. With TPN certification, the company ensures high-security standards, making it a trusted partner for US and European markets.
Financials of Identical Brains Studios
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹19.95 crores |
| Fresh issue | ₹19.95 crores |
Utilisation of proceeds
| Purpose | INR crores |
| Capital Expenditure | 7.57(37.94%) |
| Working capital requirements | 7.04(35.29%) |
| General Corporate Purposes & others | 5.34 (26.77%) |
Strengths
- Scalable service delivery ensures quality, timely, and budgeted project completion.
- Cost-effective operations in Palghar and Lucknow optimize resources efficiently.
- Advanced technology and infrastructure enhance collaboration and project efficiency.
- Skilled, diverse workforce drives innovation and solves multifaceted challenges.
- Strong business model offers revenue visibility and margin expansion opportunities.
- Experienced management fosters innovation and drives sustainable business growth.
Risks
- Dependency on relationships with major Bollywood studios and talent.
- Rapidly evolving entertainment industry requires adapting to consumer preferences.
- Reduction in VFX content by producers may affect revenue.
- Reliance on top ten customers exposes revenue concentration risks.
- Studio consolidations could reduce customer base and negotiation leverage.
- Failure to adapt to technology changes may hurt competitiveness.
- VFX industry faces challenges like delays, talent shortages, and competition.
- Contracts include direct deals and reliance on subcontracting arrangements.