New Delhi, December 26: Identical Brains Studios, a company specializing in VFX services for films, web series, TV shows, and commercials, made a remarkable entry into the stock market today. After an eventful listing, the stock experienced a rollercoaster ride, hitting both the lower and upper circuits within hours, delivering substantial returns to its IPO investors on the very first day.
Issued at ₹54 per share during its IPO, Identical Brains debuted on the NSE SME platform at ₹95, a whopping 75.93% premium. Shortly after listing, profit booking pushed the stock down to ₹90.25, hitting its lower circuit. However, strong buying interest quickly reversed the trend, propelling the stock to its upper circuit at ₹99.75. By the close of trading, IPO investors had already gained an impressive 84.72% return on their investment.
The ₹19.95 crore IPO, open for subscription from December 18 to December 20, garnered an overwhelming response, being oversubscribed 544.28 times overall.
This extraordinary demand underscored strong investor confidence in the company’s growth potential and future prospects.
Identical Brains Studios plans to utilize the funds raised for:
With its strong market debut, Identical Brains Studios has positioned itself as a key player in the rapidly growing VFX and post-production industry. The company’s strategic investment in technology, infrastructure, and expansion highlights its commitment to innovation and delivering cutting-edge solutions to the entertainment sector.
The extraordinary response to its IPO and subsequent trading performance reflects investor confidence in Identical Brains’ potential to capitalize on the burgeoning demand for high-quality VFX services in India and beyond.
