Identical Brains Studios Limited is set to launch its Initial Public Offering (IPO) on December 18, 2024, to raise ₹19.95 crore through a fresh issue of 36.94 lakh shares. As a leading VFX service provider with award-winning projects, the IPO offers an opportunity to invest in the growing entertainment and visual effects industry.

• Issue Size: ₹19.95 crore
• Price Band: ₹51 to ₹54 per share
• Lot Size:
  • Retail Investors: 2,000 shares (₹108,000 minimum investment)
  • HNI Investors: Minimum 2 lots (₹216,000)
• Book Running Lead Manager (BRLM): Socradamus Capital Private Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Rikhav Securities
• Listing: Shares will list on NSE SME on December 26, 2024 (tentative).

Company Overview

Identical Brains Studios Limited, incorporated in 2019, is a specialized provider of computer-generated visual effects (VFX) services. The company caters to the entertainment industry, offering VFX for films, web series, TV series, documentaries, and commercials.

The company’s expertise has been recognized through several accolades:

• Two Filmfare OTT Awards for Best Visual Effects:
  • Scam 1992: The Harshad Mehta Story (2020)
  • Rocket Boys (2022) (in association with Variate Studios LLP)
• One Dadasaheb Phalke Award for Phone Bhoot (2022).

The company has also worked on projects that received nominations for:

• Filmfare OTT Awards
• Filmfare Awards
• Dadasaheb Phalke Awards

Competitive Strengths

1. Operations in Cost-Efficient Locations:
   The company leverages operations in economically favorable regions to manage costs effectively.

2. Integrated Technology and Infrastructure:
   Its advanced tools and infrastructure allow seamless execution of large-scale VFX projects.

3. Skilled Workforce:
   A team of creative and technical experts drives the company’s success, delivering high-quality work across industries.

4. Strong Industry Reputation:
   Recognized as a trusted provider of VFX services, the company has established relationships with leading clients in the entertainment industry.

5. Attractive Business Model:
   With significant revenue visibility, Identical Brains Studios has compelling opportunities for long-term margin expansion and cash flow growth.

6. Experienced Management Team:
   The leadership brings managerial, creative, and technical expertise, backed by strong industry relationships.

IPO Timeline

• Subscription Period: December 18, 2024 – December 20, 2024
• Allotment Date: December 23, 2024
• Listing Date: December 26, 2024

Market Opportunity

The global VFX market is growing rapidly, driven by increased demand for high-quality visual effects in films, OTT platforms, and advertisements. India has emerged as a hub for VFX services, with its cost-efficient solutions and skilled workforce.

Identical Brains Studios Limited is well-positioned to benefit from these trends, with a proven track record in delivering award-winning VFX work.

Investment Considerations

Strengths:

• Established presence in the high-demand VFX industry.
• Award-winning projects enhance credibility and visibility.
• Significant growth potential in both domestic and international markets.

Risks:

• Dependence on entertainment industry trends and budgets.
• Competitive landscape with evolving technologies.

Conclusion

The Identical Brains Studios IPO offers an opportunity to invest in a niche and high-growth sector. The company’s expertise in VFX services, coupled with its award-winning track record, provides a strong foundation for future growth.

Retail investors should evaluate the minimum investment requirement (₹108,000) and the company’s growth potential before subscribing. With its listing on the NSE SME platform, Identical Brains Studios provides a unique opportunity to tap into the growing demand for high-quality VFX services in the entertainment industry.