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15 Days Price Change

Identical Brains IPO

Closing In

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  • Hours
  • Minutes
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Profile
Issue Size --
Profile
Price Range 51  to  54 per share
Profile
Min Investment ₹54
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Incorporated in 2019, Identical Brains Studios Limited specializes in providing high-quality computer-generated visual effects (VFX) services for a range of projects, including films, web series, TV series, documentaries, and commercials. The company has worked on several acclaimed films, earning multiple nominations for prestigious awards such as two Filmfare OTT Awards, one Filmfare Award, and one Dadasaheb Phalke Award, particularly for Best Visual Effects. Notably, Identical Brains Studios has won two Filmfare OTT Awards for Best Visual Effects for *Scam 1992: The Harshad Mehta Story* (2020) and *Rocket Boys* (2022), as well as a Dadasaheb Phalke Award for *Phone Bhoot* (2022). The company's competitive strengths include its operations in economically attractive locations, a well-integrated technology and infrastructure setup, and a highly skilled creative and technical workforce. With an established reputation as a trusted VFX provider in the entertainment industry, the company enjoys strong industry relationships. Its attractive business model offers significant revenue visibility and promising long-term opportunities for margin expansion and cash flow generation. Led by an experienced management team with expertise in both creative and technical aspects, Identical Brains Studios is well-positioned for continued growth and success. Read More

Basic Info

Face Value 10 per share

Price 51  to  54 per share

P/E (x) 19.3

Sales( Cr.) 25

PAT( Cr.) 4

EPS 2.8

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

RAGHVENDRA RAI SAMEER RAI.

Pre Issue Share Holding 86.53%

Post Issue Share Holding --%

Listing Details:

Listing Price: 95

Listing Gain: 43.16%

Current Price: 18.3

Gain On Issue: 18.3 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 18, 2024
Closing Date Dec 20, 2024
Allotment Dec 23, 2024
Refund Dec 24, 2024
Delivery of Shares Dec 24, 2024
Listing Date Dec 25, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 108,000
Retail (Max) 1 2000 108,000
S-HNI (Min) 2 4000 216,000
S-HNI (Max) 9 18000 972,000
B-HNI (Min) 10 20000 1,080,000

Objective of the Issue

1. Funding capital expenditure towards the renovation of the existing Andheri office and studio. 2. Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (& amp amp amp amp amp amp amp amp quot DI& amp amp amp amp amp amp amp amp quot ) and Sound Studio Set up a new branch office in Andheri. 3. Funding capital expenditure towards the establishment of a new branch office in Lucknow. 4. Funding capital expenditure for the purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company. 5. Funding our incremental working capital requirements. 6.General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 1847000 346053920 187.4x
NII 554100 565292820 1020.2x
Retail 1292900 703699612 544.3x
EMP 0 0 0x
Total 3694000 2010570320 544.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Identical Brains Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4 8 20 25
Other Income 0 0 0 0
Total Income 4 8 20 26
Total Expenditure 3 6 12 19
Operating Profit 1 2 8 7
Interest 0 0 0 0
Depreciation 0 0 0 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 2 7 5
Provision for Tax 0 1 2 1
Profit After Tax 1 2 5 4
Adjustments 0 0 0 0
Profit After Adjustments 1 2 5 4
Adjusted Earnings Per Share 0.6 1.8 5.2 2.8

Identical Brains Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 3 12 34
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities 0 0 0 -0
Total Current Liabilities 1 2 5 5
Total Liabilities 2 5 17 39
Fixed Assets 0 0 2 5
Other Non-Current Assets 0 1 5 1
Total Current Assets 2 3 10 33
Total Assets 2 5 17 39

Identical Brains Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 2 2
Cash Flow from Operating Activities -0 2 1 -8
Cash Flow from Investing Activities -0 -2 -6 0
Cash Flow from Financing Activities 0 0 5 18
Net Cash Inflow / Outflow -0 1 0 10
Closing Cash & Cash Equivalent 1 2 2 12

Identical Brains Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.57 1.8 5.17 2.82
CEPS(Rs) 0.59 1.94 5.55 3.65
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1.42 3.23 11.65 24.28
Core EBITDA Margin(%) 18.07 28.82 37.86 25.34
EBIT Margin(%) 17.89 27.83 36.75 21.34
Pre Tax Margin(%) 17.79 27.79 36.65 21.27
PAT Margin (%) 13.1 20.05 26.57 15.51
Cash Profit Margin (%) 13.66 21.53 28.56 20.11
ROA(%) 22.56 46 49.06 14.13
ROE(%) 40.09 77.59 71.54 17.14
ROCE(%) 54.73 107.68 97.69 23.42
Receivable days 48.87 23.32 60.28 163.8
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 15
Price/Book(x) 0 0 0 1.74
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.22 -0.21 0.26 1.86
EV/Core EBITDA(x) -1.22 -0.7 0.68 7.16
Net Sales Growth(%) 0 106.6 149.76 26.83
EBIT Growth(%) 0 221.47 229.77 -26.34
PAT Growth(%) 0 216.17 230.95 -25.98
EPS Growth(%) 0 216.16 186.36 -45.47
Debt/Equity(x) 0 0 0.02 0
Current Ratio(x) 1.99 1.6 2.02 6.83
Quick Ratio(x) 1.99 1.6 2.02 6.83
Interest Cover(x) 188.19 771.86 365.42 289.23
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 25% 84% 0% 0%
Operating Profit CAGR -13% 91% 0% 0%
PAT CAGR -20% 59% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -64% NA% NA% NA%
ROE Average 17% 55% 52% 52%
ROCE Average 23% 76% 71% 71%

Company Contact Information

Identical Brains Studios Ltd.

4th Floor, Crest Mulrta, 401 C T S-688 Veera Desai Road Near Fun Republic

IPO Lead Manager(s)

Identical Brains Studios Ltd.

Socradamus Capital Pvt Ltd.

Registrar Info

Identical Brains Studios Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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