Identical Brains Studios has made a remarkable debut on the NSE SME platform, with its shares listing at ₹95, a significant 76% premium over the issue price of ₹54. This outstanding performance reflects investor confidence in the company, which specializes in computer-generated visual effects (VFX) for films, web series, TV series, documentaries, and commercials. The company’s impressive IPO success is a result of its ability to deliver high-quality VFX services for major Bollywood studios and other content producers, transforming creative ideas into stunning visual realities.

The Identical Brains IPO was a major event in the Indian stock market, raising ₹19.95 crores through the fresh issue of 36.94 lakh shares. The IPO subscription opened on December 18, 2024, and closed on December 20, 2024, with an overwhelming subscription rate of 506.09 times on the final day. This level of interest is a testament to the demand for high-quality VFX services in the entertainment industry, further validated by the company's strong financial performance.

Funds raised from the Identical Brains Studios IPO will be directed toward enhancing the company’s studio facilities and supporting various ongoing projects, allowing it to scale operations and boost its revenue significantly. In FY24, the company has experienced a 150.71% increase in revenue, reflecting its growing presence in the VFX industry and its ability to handle large-scale projects.

Identical Brains Studios, under the leadership of Raghvendra Rai, has evolved into a key player in the VFX sector, known for its cutting-edge technologies and proprietary workflow processes. These developments have enabled the studio to attract prestigious clients and provide world-class services in the highly competitive entertainment industry.

For investors, the Identical Brains IPO has provided an opportunity to tap into a rapidly growing sector, with the company’s post-issue P/E ratio standing at 14.17x, which is slightly below the industry average of 15x. This makes the IPO a compelling option for those looking for a balance between growth and valuation. The company’s ROE for FY24 is 71.66%, highlighting its ability to generate returns on equity, while its ROCE of 103.52% underscores its efficient use of capital.

The Grey Market Premium (GMP) of the Identical Brains IPO suggested potential listing gains of 51.85%, making it an attractive option for those seeking short-term gains. The GMP also indicated a strong demand for shares, which translated into the company’s listing at ₹95, a significant boost for investors.

Identical Brains Studios is well-positioned to continue its growth trajectory in the VFX industry, with the IPO providing the necessary funds to expand its infrastructure and capabilities. With increasing demand for high-quality VFX services in Indian and international markets, the studio is set to benefit from the growing content production landscape. As the company moves forward, its focus on innovation and technology will be key in maintaining its competitive edge and sustaining long-term growth.

The Upcoming IPOs in this week and coming weeks are Citichem India, Indo Farm, Technichem Organics, Leo Dry Fruits, Solar91 Cleantech, Rosmerta Digital and Avanse Financial.

The Current active IPO is Anya Polytech and Unimech Aerospace.

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