Identical Brains Studios' Rs 19.95 crore IPO, closing December 20th, was oversubscribed 146.8 times. Retail investors showed significant interest, with the IPO price band set at Rs 51-54 per share. Allotment is expected December 23rd, listing on NSE SME on December 26th. The company uses IPO proceeds for studio expansion and equipment upgrades. FY25 revenue reached Rs 11.39 crore, with a net profit of Rs 2.4 crore. Note: GMP is speculative.
