The IPO of VFX firm Identical Brains Studio (IBS) is set to open for investment this week. Investors can subscribe to the IPO from December 18 to December 20.
The company aims to raise Rs 19.95 crore through this issue, with a price band set at Rs 51-54 per share.
In the grey market, the company’s shares are currently available at a premium of Rs 13, indicating a potential listing gain of about 25%.
IPO Details and Investment Guidelines
The IPO will open a day early for anchor investors on December 17 and close for general bidding on December 20.
This fresh issue comprises 36.94 lakh equity shares, with the IPO size capped at Rs 19.95 crore at the upper price band of Rs 54.
Minimum Investment: Retail investors can bid for a minimum of 2,000 shares worth ₹108,000.
High Net Worth Individuals: They 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.
Plans for Raised Funds
The funds from the IPO will be used to expand the company’s operations. Plans include:
1) Renovating the existing studio and facilities in Andheri.
2) Establishing a new branch office in Lucknow.
3) Setting up a color grading, digital intermediate, and sound studio in the Andheri branch.
This strategic investment will support the company’s growth and enhance its service offerings.
Company’s Use of Funds
Identical Brains Studios plans to use the funds raised from the IPO to expand its operations.
The company will focus on renewing its existing studio in Andheri, setting up a new branch office in Lucknow, and establishing a new colour grading digital intermediate and sound studio in the Andheri branch.