Upcoming IPO News: Mumbai’s massive VFX company Identical Brains Studios has introduced its Initial Public Offering (IPO). This IPO will begin from 18th December and will shut on twentieth December. NSE Emerge has already given approval for this IPO. The company is planning to elevate Rs 20 crore via this public situation. Let us inform you, a complete of 36.94 lakh fairness shares with face worth of Rs 10 will be issued in this IPO. The cash raised via IPO will be spent on the growth of the company.
What will occur with the cash acquired from IPO?
According to the report of Business Standard, Identical Brains Studios will use the cash raised from the IPO for numerous functions. The first job in this is to modernize its present workplace and studio situated in Andheri, Mumbai. Apart from this, the company is planning to open a new department workplace in Lucknow to develop its attain throughout the nation. At the similar time, coloration grading digital intermediate (DI) and sound studio will be arrange in a new department workplace in Andheri. Computers, storage methods and software program will be bought to make the studio hi-tech. The remaining cash will be used to meet working capital and different normal company wants.
what does the company do
Identical Brains Studios works to present VFX (Visual Effects) companies for net collection, TV collection, documentaries and advertisements. Talking about the shoppers of the company, it contains massive studios and content material producers of Bollywood.
Financial situation of the company
The monetary efficiency of the company has been higher in latest years. The company earned a internet revenue (PAT) of Rs 5.34 crore in FY24, which is thrice greater than the revenue of Rs 1.61 crore in FY23. The working income of the company in FY24 stood at Rs 20.08 crore, whereas in FY23 it was solely Rs 8.04 crore. Let us inform you, Identical Brains Studios has appointed Socradamus Capital as the lead supervisor for its IPO, whereas Bigshare (*18*) Private Limited will be its registrar.
Special alternative for traders
Given the company’s sturdy monetary efficiency and growth plans, this IPO could possibly be a gorgeous alternative for traders. Especially, holding in thoughts the growing demand of VFX business and the company’s massive shoppers, its prospects look higher in the market.
Disclaimer: (The info offered right here is being offered for info solely. It is essential to word right here that funding in the market is topic to market dangers. Always search professional recommendation earlier than investing cash as an investor. ABPLive.com doesn’t advise anybody It is by no means advisable to make investments cash right here.)
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