Identical Brains Studios, a player in the world of visual effects (VFX) is set to open its IPO tomorrow, December 18 on the NSE SME platform.
Here is everything you need to know about the upcoming IPO from price band to listing data.
IPO details
The Identical Brains Studios IPO is a book-built issue, offering a total of Rs 19.95 crores. This amount is raised entirely through a fresh issue of 36.94 lakh shares.
The issue will open for subscription on December 18 and will close its trading window on December 20.
The price band for the IPO is set between Rs 51 and Rs 54 per share. For retail investors, the minimum application size is 2,000 shares, which would require an investment of Rs 1,08,000. High-net-worth individuals (HNIs) are required to apply for a minimum of 4,000 shares (2 lots), which totals Rs 2,16,000.
Also Read: IGI IPO closes on December 17: GMP shoots up 30%, should you subscribe?
GMP
As per the latest trend, ahead of the opening of the subscription, the shares of Identical Brains Studios IPO is currently commanding at Rs 38 in the grey market, with an estimated listing price of Rs 92 or a gain of 70.37 per cent.
Risk Factors
Identical Brains Studios in the DRHP filing with the market regulator SEBI in its risk disclosure said, “We depend upon our relationships with the major Bollywood studios, including key executive and creative talent, and any deterioration in these relationships could materially and adversely affect our business.”
“Our Company operates in the constantly evolving entertainment industry, which is subject to rapidly changing consumer behaviour and tastes, and depends on audience acceptance of content for which we provide VFX services and the longterm popularity of the brands and franchises that our customers produce,” it added further.
Allotment and Listing
The tentative date for the allotment is set on December 23 and the shares will likely be listed on the NSE SME platform on December 26.
Also Read: Yash Highvoltage IPO Allotment: How to check allotment status online on BSE, Bigshare Services
L
Lead managers and registrars
The IPO is being managed by Socradamus Capital as the book-running lead manager.
» Read More
