Identical Brains Studios Ltd - IPO

Identical Brains Studios Ltd IPO Details

Initial public offering of upto 36,94,000 equity shares of face value of Rs. 10/- each (Equity Shares) for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (Issue Price) aggregating to Rs. [*] crores (The Issue). The issue will constitute [*] % of the post-issue paid up equity share capital of the company. The issue includes a reservation of up to 1,86,000 equity shares aggregating to Rs. [*] crores (constituting up to [*] % of the post issue paid-up equity share capital of the company) for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue will constitute [*] % and [*] % respectively, of the post-issue paid-up equity share capital of the company.Price Band: Rs. 51 to Rs. 54 per equity share of face value of Rs. 10 each.The Floor price is 5.1 times the face value of the equity shares and cap price is 5.4 times the face value of the equity shares.Bid can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares.

Objective of issue

Funding capital expenditure towards renovation of existing Andheri office and Studio. Funding capital expenditure towards establishment of Colour Grading Digital Intermediate (DI) and Sound Studio set up at new branch office. Funding capital expenditure towards establishment of new branch office in. Funding capital expenditure for purchase of computers storage systems and software to further strengthen the existing facilities/office of the company. Funding its incremental working capital requirements and. General corporate purposes.

Identical Brains Studios Ltd Contact Details

Identical Brains Studios Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@identicalbrains.com

Website - www.identicalbrains.com