The IPO of VFX firm Identical Brains Studio (IBS) will open for investment this week.
Investors can subscribe to the IPO from December 18 to December 20, with a price band set at Rs 51-54 per share. The company aims to raise Rs 19.95 crore through this issue.
In the grey market, IBS shares are trading at a premium of Rs 13, suggesting a potential listing gain of around 25%.
IPO Details and Investment Guidelines
The IPO will be available for anchor investors starting December 17 and will close for general investors on December 20.
The fresh issue includes 36.94 lakh equity shares, with the total size capped at Rs 19.95 crore at the upper price band of Rs 54.
Minimum Investment for Retail Investors: 2,000 shares, costing ₹108,000.
High Net Worth Individuals (HNIs): Must invest in at least two lots, amounting to ₹216,000.
Management Team: Socradamus Capital is the book-running lead manager, and Bigshare Services Pvt Ltd is the IPO registrar.
How the Funds Will Be Used
Identical Brains Studio plans to use the IPO funds to expand its operations and improve its services. The key plans include:
1) Renovating the existing studio and facilities in Andheri.
2) Setting up a new branch office in Lucknow.
3) Establishing a color grading, digital intermediate, and sound studio at the Andheri branch.
These investments are expected to support the company’s growth and enhance its service offerings in the VFX industry.
Strong Grey Market Premium
In the grey market, the company’s shares are trading at a premium of Rs 13, suggesting a potential listing gain of around 25%.
