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Objective of the Issue

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  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 (“DI”) 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.

IPO Details, Price, Market Lot

Identical Brains Studios SME IPO Details
IPO Open Date 18 December 2024
IPO Close Date 20 December 2024
IPO Issue Size 36,94,000 Shares (Aggregating up to ₹19.95 Cr)
Fresh Issue 36,94,000 Shares (Aggregating up to ₹19.95 Cr)
Offer for Sale NIL
Retail Portion Not less than 35% of the offer
NII Portion Not less than 15% of the offer
QIB Portion Not more than 50% of the offer
Listing At NSE SME
Identical Brains Studios SME IPO Price
Face Value ₹10 Per Share
IPO Price Band ₹51 to ₹54 Per Share
Employee Discount
IPO Issue Type Book Built Issue
Identical Brains Studios SME IPO Market Lot For Retail Investor
No. of Shares Per Lot 2,000 Shares
Minimum Lot Size 1 Lot (2,000 Shares)
Minimum Amount (Cut-off price) ₹1,08,000
Maximum Lot Size 1 Lot (2,000 Shares)
Maximum Amount (Cut-off price) ₹1,08,000
Identical Brains Studios SME IPO Market Lot For HNI
No. of Shares Per Lot 2,000 Shares
Minimum Lot Size 2 Lots (4,000 Shares)
Minimum Amount (Cut-off price) ₹2,16,000

IPO Date, Listing Date, Allotment Date

Identical Brains Studios SME IPO Time Table (Tentative)
IPO Open Date 18 December 2024
IPO Close Date 20 December 2024
Basis of Allotment Date 23 December 2024
Initiation of Refunds 24 December 2024
Credit of Share to Demat Account 24 December 2024
IPO Listing Date 26 December 2024

Financial Report

Period Ended Assets
(₹ in Lakh)
Revenue
(₹ in Lakh)
P A T
(₹ in Lakh)
Net Worth
(₹ in Lakh)
Borrowings
(₹ in Lakh)
31 March 2024 1,702.39 2,026.38 534.65 1,203.62 19.04
31 March 2023 475.50 808.26 161.28 288.51  
31 March 2022 226.38 390.75 51.01 127.23  
Period Ended 31 March 2024 31 March 2023 31 March 2022
Assets 1,702.39 475.50 226.38
Revenue 2,026.38 808.26 390.75
P A T 534.65 161.28 51.01
Net Worth 1,203.62 288.51 127.23
Borrowings 19.04    
Amount in ₹ Lakh

Company Promotor & Promotor’s Holding

Raghvendra Rai and Sameer Rai are the promoter of company.

Pre Issue Promotor Holding 86.53
Post Issue Promotor Holding  

Company Address

Identical Brains Studios Limited
802, 803 and 804, Crescent Royale, Veera Desai Road, off. New Link Road, Oshiwara, Andheri, Mumbai – 400 053,
Phone: 022 – 6894 3898
Email: investor@identicalbrains.com
Website: https://identicalbrains.com/

IPO Registrar, Lead Manager, Prospectus

Identical Brains Studios SME IPO Prospectus
Identical Brains Studios SME IPO Registrar
Bigshare Services Pvt Ltd
Identical Brains Studios SME IPO Lead Manager
Socradamus Capital Private Limited