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Identical Brains Studios files DRHP with NSE Emerge

02 Sep 2024 Evaluate

Identical Brains Studios has filed draft red herring prospectus (DRHP) with NSE Emerge to raise funds through an initial public offering (IPO).  

Proceeds from the fresh issue will be used to fund capital expenditure towards the renovation of the existing office and studio in  Andheri; to fund capital expenditure to establish Colour Grading Digital Intermediate (DI),  and  Sound Studio set up at new branch office in Andheri; to fund capital expenditure towards establishment of the new branch office in Lucknow; to fund capital expenditure for the  purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company; to fund company’s incremental working capital requirements and for general corporate purposes. Socradamus Capital is the sole book-running lead manager to the maiden public issue. 

Identical Brains Studios offers a comprehensive suite of VFX services for films, web series, TV series, documentaries, and commercials. Its customers include leading film and content producers, including major Bollywood Studios.  


Peers
Company Name CMP
PVR 948.75
Saregama India 330.50
Shemaroo Entertain. 101.11
Balaji Telefilms 92.87
UFO Moviez 70.28
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