Identical Brains Studios Limited, established in 2019 by Raghvendra Rai, is a prominent Indian provider of computer-generated visual effects (VFX) services. The company specializes in delivering comprehensive VFX solutions for films, television series, web series, documentaries, and commercials. Their services encompass visual effects, color grading, rotoscope, paint/cleanup, compositing, and matchmaking.
The studio has collaborated with notable Bollywood productions, contributing to acclaimed projects such as “Scam 1992: The Harshad Mehta Story” and “Rocket Boys,” both of which received prestigious awards for Best Visual Effects. Additionally, their work on “Phone Bhoot” earned them a Dadasaheb Phalke Award for Best Visual Effects.
In December 2024, Identical Brains Studios is launching an Initial Public Offering (IPO) to raise ₹19.95 crore through a fresh issue of 36.94 lakh shares. The IPO is scheduled to open on December 18, 2024, and close on December 20, 2024, with a price band set between ₹51 and ₹54 per share. The company plans to utilize the proceeds for various purposes, including renovating existing offices, establishing new branch offices, purchasing equipment and software, and meeting incremental working capital requirements.
Financially, the company has demonstrated significant growth, with revenue increasing from ₹804.29 lakh in FY23 to ₹2,008.08 lakh in FY24, and profit after tax rising from ₹161.28 lakh to ₹534.65 lakh during the same period.
Identical Brains Studios is headquartered in Mumbai, Maharashtra, and plans to expand its presence by establishing a new branch office in Lucknow. The company’s commitment to quality and security is underscored by its status as a TPN-audited VFX studio.
Core Services
The company provides a full spectrum of VFX services, including:
- Rotoscopy: Creating matte cuts for visual layering in post-production.
- Paint and Cleanup: Removing unwanted elements or artifacts in footage.
- Compositing: Seamlessly integrating live-action footage with computer-generated imagery.
- Matchmoving: Tracking camera motion for realistic effects and animations.
- Color Grading: Enhancing color tones and visual aesthetics.
Notable Projects
Identical Brains Studios has contributed to several major productions, including:
- Scam 1992: The Harshad Mehta Story
- Rocket Boys
- Phone Bhoot
Their work has been critically acclaimed, with awards like the Dadasaheb Phalke Award for Best Visual Effects for “Phone Bhoot.”
Financial Performance
The studio has witnessed exponential financial growth:
- Revenue grew from ₹804.29 lakh (FY23) to ₹2,008.08 lakh (FY24).
- Profit After Tax (PAT) increased from ₹161.28 lakh to ₹534.65 lakh in the same period.
This growth is indicative of the company’s expanding market presence and operational efficiency.
Upcoming IPO (Initial Public Offering)
Identical Brains Studios is launching an IPO to raise ₹19.95 crore.
- IPO Timeline: December 18–20, 2024.
- Price Band: ₹51–₹54 per share.
Objective:
- Renovation of current offices.
- Establishing a new branch office in Lucknow.
- Investing in new equipment and software.
- Meeting working capital needs.
Why Choose Identical Brains Studios?
(1) Cutting-edge Technology: Up-to-date software and tools for high-quality VFX production.
(2) Experienced Team: A skilled workforce adept at meeting demanding project timelines.
(3) Award-winning Portfolio: Proven expertise in handling complex and creative VFX requirements.
Identical Brains Studios Ipo gmp today?
As of December 17, 2024, the Grey Market Premium (GMP) for Identical Brains Studios Limited’s upcoming IPO is approximately ₹32 per share. Given the IPO price band of ₹51 to ₹54 per share, this suggests an expected listing price around ₹86 per share, indicating a potential premium of about 59.26% over the upper price band.
The IPO is scheduled to open on December 18, 2024, and close on December 20, 2024. The company aims to raise ₹19.95 crore through this offering.
Please note that GMP figures are unofficial and can fluctuate based on market sentiment. They are not guaranteed indicators of actual listing performance. Investors should consider multiple factors and conduct thorough due diligence before making investment decisions.
Know More -> Inventurus Knowledge Solutions IPO: Everything You Need to Know
Know More -> Vishal Mega Mart Limited IPO: Everything You Need to Know
Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your client to communicate. Nice task.
Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a bit, but other than that, this is great blog. An excellent read. I will certainly be back.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://www.binance.com/ro/register?ref=HX1JLA6Z
I believe other website owners should take this web site as an model, very clean and superb user friendly design and style.
Hi! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My site looks weird when browsing from my iphone4. I’m trying to find a theme or plugin that might be able to correct this problem. If you have any suggestions, please share. Thanks!
I think you have remarked some very interesting points, appreciate it for the post.
Hello. impressive job. I did not expect this. This is a splendid story. Thanks!
I am pleased that I found this web blog, exactly the right information that I was searching for! .