Identical Brains Studios IPO allotment today: Here’s how to check status online

Identical Brains Studios IPO share allotment status is scheduled to be finalised on December 23, after the public offer closed with a strong demand from investors. The ₹19.95-crore NSE SME issue was open for subscription from December 18 to December 20.

The IPO was booked 544.36 times overall, led by high demand from Non-Institutional Investors (NIIs). The issue received bids for nearly 134 crore shares compared to the 24.6 lakh shares on offer.

The NIIs booked their quota 1,020.55 times, with bids for 1,020.55 crore shares against 5.28 lakh shares reserved for them. The Qualified Institutional Buyers (QIBs) subscribed to their category 187.36 times, with bids for 13.19 crore shares compared to 7.04 lakh shares set aside for them. The retail quota was booked over 544 times. The retail investors applied for more than 66.83 crore shares against 12.28 lakh shares reserved for them.

Investors can check the IPO share allotment status on the websites of the NSE and Bigshare Services Pvt. Ltd:

Steps to check Identical Brains Studios IPO allotment status on the NSE

• Go to the NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in with your credentials. New users need to register on the NSE website.
• From the dropdown menu, select ‘Identical Brains Studios India’.
• Enter your application number and PAN details.
• Click ‘Submit’ to check your IPO allotment status.

Here’s how to check Identical Brains Studios IPO allotment status on Bigshare Services:

• Open the IPO allotment page of registrar Bigshare Services Pvt. Ltd: https://www.bigshareonline.com/ipo_allotment.html
• Choose any one of the three servers.
• Under the Company Selection menu, choose ‘Identical Brains Studios’.
• Choose between the application number, beneficiary ID or PAN.
• Enter details according to your selection.
• Verify the Captcha.
• Click ‘Submit’ to view your IPO allotment status.

Identical Brains Studios IPO: Key details

Founded in 2019, Identical Brains Studios Ltd. specialises in providing computer-generated visual effects (VFX) for a wide variety of projects, which include feature films, web series, TV shows, documentaries, and commercials.

The company has contributed its VFX expertise to films that earned two nominations at the Filmfare OTT Awards and one nomination at the Filmfare Awards.

Here are the key details about the NSE SME IPO:

• The SME IPO was an entirely fresh issue of 36.94 lakh shares.
• The company will initiate refunds and transfer of shares to the Demat accounts on December 24.
• The Identical Brains Studios IPO listing date has been tentatively fixed as December 26. Shares of the company will be listed on the NSE SME platform, Emerge.
• The Identical Brain Studios IPO price band was fixed between 51 and 54 per share.
• The minimum lot size for retail investors was 2,000 shares, amounting to an investment of ₹1,08,000.

Identical Brains Studios IPO: Use of proceeds

The company plans to allocate the net proceeds from the issue toward several strategic goals, including capital expenditure for renovating its existing office and studio in Andheri, Mumbai, and establishing a Colour Grading Digital Intermediate (DI) and Sound Studio. Identical Brains Studios will also use the funds to open a new branch office in Lucknow and upgrade its infrastructure by purchasing computers, storage systems and software to enhance its current facilities.

A portion of the proceeds will also be allocated to cover additional working capital needs and general corporate purposes.

Identical Brains Studios key financials

Identical Brains Studios posted a profit after tax (PAT) of ₹5.34 crore for the financial year 2023-24 (FY24), showing a strong growth of 231.67% compared to ₹1.61 crore in the previous year.

Revenue from operations grew by 149.75%, reaching ₹20.08 crore in FY24, up from ₹8.04 crore in FY23.

Identical Brains Studios shareholding

The company's promoters are Raghvendra Rai and Sameer Rai, who hold an 86.53% stake. Since the IPO is a fresh issue, the promoters will not diluent their shareholding.