
Media & Entertainment · NSE
Identical Brains Studios Limited, incorporated in 2019, specializes in computer-generated visual effects (VFX) services for films, web series, TV series, documentaries, and commercials. The company has contributed to acclaimed projects, earning recognition for its high-quality VFX work, including two Filmfare OTT Awards for Best Visual Effects for Scam 1992: The Harshad Mehta Story (2020) and Rocket Boys (2022), in collaboration with Variate Studios LLP, and a Dadasaheb Phalke Award for Best Visual Effects for Phone Bhoot (2022). Its portfolio also includes projects nominated for two Filmfare OTT Awards and one Filmfare Award, highlighting its industry expertise and creative excellence.
Price Band
₹51 – ₹54
Issue Size
₹19.95 Cr
Lot Size
2000 shares
GMP
+46.3%
Est. Listing
₹79
at current GMP
Subscribed
506.09x
overall
Open
18 Dec 2024
Close
20 Dec 2024
Allotment
23 Dec 2024
Refund
24 Dec 2024
Demat Credit
25 Dec 2024
Listing
26 Dec 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹54
Band: ₹51 – ₹54
Estimated Listing Price
₹79
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,08,000
Estimated Profit / Lot
₹50,000
2000 × ₹25
Grey Market Premium trend
+₹25
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹25 | 46.3% | ₹79 |
| 30 Oct 2026 | +₹25 | 46.3% | ₹79 |
| 29 Oct 2026 | +₹23 | 41.7% | ₹77 |
GMP is unofficial market data. Not a guarantee of listing performance.
Identical Brains Studios Limited is bringing an initial public offering (IPO) in the Media & Entertainment sector with an aggregate issue size of ₹19.95 Crores. The shares are offered at a price band of ₹51 to ₹54 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-12-20, the basis of allotment is scheduled to be finalized on 2024-12-23. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest grey market premium for Identical Brains Studios Limited IPO is ₹25, which indicates an expected listing price of ₹79.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.