Identical Brains Studios Limited IPO GMP, Price & Details

Identical Brains Studios Limited, a cutting-edge provider of computer-generated visual effects (VFX) services, is all set to launch its much-awaited Initial Public Offering (IPO). Identical Brains Studios IPO comprises a 100% fresh issue of 36.94 lakh equity shares, aggregating to a total issue size of ₹19.95 crores.

Entertainment industry has observed an increasing trend of demands for high quality visual effects, or VFX. VFX studios are at the heart of it: from action movies to gripping series, and even advertisements. Amidst this birthing of VFX entities, there is one that has grown brighter amongst the others and that is **Identical Brains Studios Limited** based in Mumbai. Identical Brains Studios was founded in 2019, and it has gathered a great reputation as the provider of high-quality visual effects services that have been already represented by numerous successful projects and the clear-cut vision of the company’s further development.

Genesis and Growth of Identical Brains Studios Limited

Having emerged from the emerging universally recognized megacity of Mumbai, India, Identical Brains Studios Limited was established with the goal to offer superior quality VFX solutions. In spite of the fact that Identical Brains is a rather young company, it was able to gain significant growth and establish an independent position in the rather saturated market. The company’s mission is clear: to make good use of their creativity and technological skills together with their knowledge of the best techniques in storytelling to develop great and compelling visual effects that appeal to the viewers in different parts of the world.

Since then, Identical Brains Studios have broadened its portfolio with an increasing demand in filmmakers, advertisements, and over the top streaming networks. Having a team of very competent and experienced specialists it has been recognized for its innovative techniques, intensive accuracy, and especially quality.

Services Offered by Identical Brains Studios Limited

Identical Brains Studios provides a comprehensive suite of services that cover every aspect of the VFX pipeline:

Visual Effects: Just behind is the studio in orchestration of visually impressive effects that complement the plot or a movie; be it character creation or visualization of a specific terrain.
Color Grading: As a creative collaboration, the color grading team is able to make certain that every shot looks exactly how it needs to in terms of the film’s overall look and feel.
Rotoscoping: The process involved in defining simple components within a frame and the act of rotoscoping done at Identical Brains is done keenly so as to guarantee the process of combining different components.
Paint and Cleanup: The studio specializes in removing unwanted elements from footage, ensuring every frame is pristine and professional.
Compositing: Identical Brains’ compositing team brings together multiple visual elements to create cohesive and dynamic scenes.
Matte Painting: Leveraging a blend of traditional artistry and digital tools, the studio’s matte paintings transport viewers to extraordinary worlds.

Notable Projects by Identical Brains Studios Limited

Identical Brains Studios has contributed to several acclaimed projects, showcasing its versatility and creativity. Some of the standout works include:

Rocket Boys: This historical drama series even received a lot of support that comes from the studio with sensational VFX that makes the series more real in terms of the periods where it took place.
Scam 1992: One of the most discussed tv series in recent time, even though the series Scam 1992 had crisp visuals but everything was further enhanced with the help of studio’s color grading and compositing.
Bhool Bhulaiyaa 2: Being a commercial success in the Indian film industry, the supernatural aspects of the movie were given the effects by Identical Brains.
Rudra and A Thursday: Each of the projects demonstrated how the studio could work on high-stakes stories focused on characters and wrap them in visuals.

Leadership and Team

Behind the success of Identical Brains Studios is a team of visionary leaders and talented professionals. The leadership includes:

Raghav Rai: Chairman & Managing Director who has spearhead the vision that has seen the company grow to what it is today.

Sameer Rai: Executive Director, adding business development and process implementation skills to the mix.

Alban Vaity: Head of Business Development, responsible for forging valuable partnerships and expanding the company’s reach.

The creative team comprises experts like Akshay Watane (CG Supervisor), Vaibhav Gavaskar (Roto Paint Head), Manish Khatiwada (VFX Supervisor), and Sandeep Bhate (Creative Head), each of whom brings unique expertise to the studio’s projects.

Financial Performance

Identical Brains Studios Limited, established in 2019, has demonstrated significant financial growth, positioning itself as a prominent player in the visual effects (VFX) industry.

Financial Performance Overview:

Fiscal Year 2022:
- Revenue: ₹3.89 crore
- Expenses: ₹3.21 crore
- Net Income: ₹0.51 crore
Fiscal Year 2023:
- Revenue: ₹8.04 crore
- Expenses: ₹5.85 crore
- Net Income: ₹1.61 crore
Fiscal Year 2024:
- Revenue: ₹20.09 crore
- Expenses: ₹12.89 crore
- Net Income: ₹5.35 crore

This trajectory reflects a consistent upward trend in both revenue and profitability, underscoring the company’s effective operational strategies and market expansion.

Key Financial Metrics for FY 2024:

Earnings Per Share (EPS): ₹5.18 (Basic)
Return on Net Worth (RoNW): 44.42%
Net Asset Value (NAV): ₹11.65
Debt-to-Equity Ratio: 0.02

These metrics highlight the company’s strong financial health and efficient use of equity capital.

Revenue Composition in FY 2024:

In FY 2024, Identical Brains Studios undertook:

Two substantial projects: Valued at ₹20 crore
Six medium-sized projects: Totaling ₹2 crore
Thirty-six smaller projects: Contributing to the overall revenue

This diversified project portfolio demonstrates the company’s capability to manage and execute projects of varying scales effectively.

Future Outlook OF Identical Brains Studios Limited

The company has great plans for the future to strengthen its positions on the market. It plans to achieve a revenue up to ₹56 crore by the financial ending FY 2026 in Mumbai, Palghar, and Lucknow.

In its financial performance, action plan and growth strategies, therefore, It shows that Identical Brains Studios is well placed to take on the future in the VFX industry.

Identical Brains Studios Limited IPO GMP Details

Identical Brains Studios Limited is a Visual Effects (VFX) Company located in Mumbai. Company is set to launch its IPO (Initial Public Offering) on December 18, 2024 and will be closed on Dec 20, 2024. Company is planning to raise Rs.20 Crores by issuing 3,694,000 shares with face value Rs. 10

Key Details of Identical Brains Studios Limited IPO :

Price Band: ₹51 to ₹54 per share.
Issue Size: Around ₹19.95 crore, comprising a fresh issue of ₹19.95 crore.
Investor Quotas:
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
- Retail Investors: 35%
Listing: The shares are expected to be listed on the NSE SME platform on December 26, 2024.

Financial Performance:

In the fiscal year 2024, the company reported:

Revenue: ₹20.09 crore, up from ₹8.04 crore in 2023.
Profit After Tax (PAT): ₹5.35 crore, an increase from ₹1.61 crore in 2023.

Identical Brains Studios Limited IPO Details

IPO Date	December 18, 2024 to December 20, 2024
Listing Date	December 24, 2024
Face Value	₹10 per share
Price Band	₹51 to ₹54 per share
Lot Size	2000 Shares
Total Issue Size	3,694,000 shares (aggregating up to ₹19.95 Cr)
Fresh Issue	3,694,000 shares (aggregating up to ₹19.95 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME

Identical Brains Studios Limited IPO Dates and Timeline

IPO Open Date	December 18, 2024, Wednesday
IPO Close Date	December 20, 2024, Friday
Basis of Allotment	December 23, 2024, Monday
Initiation of Refunds	December 24, 2024, Tuesday
Credit of Shares to Demat	December 24, 2024, Tuesday
Listing Date	December 26, 2024, Tuesday
Cut-off time for UPI mandate confirmation	5 PM on December 20, 2024

Identical Brains Studios Limited IPO Lot Allotment

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹108,000
Retail (Max)	1	2000	₹108,000
HNI (Min)	2	4,000	₹216,000

Identical Brains Studios Limited IPO GMP

Identical Brains Studios Limited IPO GMP is not available as it is not being traded in Grey Market. Estimated Listing Price is also not reported yet.

Technological Edge

In today’s competitive market, a company owner who refused to capture technology advancements for their personal benefit would therefore only be a fool – a fact that explains why technology virtually defines Identical Brains Studios. The studio has always been updating its software and hardware to provide its team with the best equipment needed for the job. In terms of features like AI Workflows, New Render Pipelines, Identical Brains does not fall behind extending its capability, thus alluring diverse projects to partner with for solution.

Client-Centric Approach

According to the belief of Identical Brains Studios, the value of the company can be defined with the help of its main mission – client satisfaction. The studio processes describe a rather communicative work environment, a clear focus on the requirements and needs of the client as well as teamwork. Such a strategy has led to the development of many close-knit, lasting, and mutually beneficial relations and positive image on the market.

Industry Output and Appreciation

However, contributions made by the Industry by Identical Brains Studios do not end at their projects. Additionally, the company engages in exhibitions, workshops included with the purpose of sharing knowledge and experience, sponsorship of young talents through internship and training. These efforts have not remained unnoticed; the studio has earned awards for its creativity and the impact for Indian motion picture industry.

Challenges and Opportunities

As big as the opportunities in the VFX industry are, so are the challenges that come with the business. Particularly challenging is the rapid rate of progression in technologies and the need for continuous professional development; intensified by the need for faster delivery. Nonetheless, Identical Brains Studios has successfully demonstrated its ability to overcome all the challenges. Through encouraging a climate of knowledge development and change, the company has the strength it needs to confront these issues and exploit fresh advantages.

Conclusion

Identical Brains Studios Limited emerged from being just one of the studios in the venture to being the most valuable in offering VFX. This is the incredible growth from the basement to the joining of the team with the billion IPO plans, and proves that the main victory is the powerful vision, creation, and work. Identical Brains stands brilliantly equipped for the raids on futures of entertainment industry as the industry advances forward with newer way of telling the story. Whether it is launched projects, up-to-date technologies, or nurturing new generations, the studio can be awarded as the pioneers in all aspects.

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