Identical Brains Studios IPO (initial public offering) is now open for investment and will remain open until December 20. The company is aiming to raise Rs 20 crore through its SME (small and medium-sized enterprises) IPO, with a share price range of Rs 51 to Rs 54. On its first day, this IPO saw significant response, getting fully subscribed by 11:40 am, as per media reports. According to reports, the issue received bids for 45.42 lakh shares, exceeding the offered 24.60 lakh shares by 1.85 times.
Given below is the subscription details for the IPO:
- Retail portion: Oversubscribed 2.71 times.
- Non-Institutional Investors (NII) category: Oversubscribed 2.3 times.
- Qualified Institutional Buyers (QIB) category: Yet to bid.
Identical Brains Studios IPO: GMP
In the grey market, Identical Brains Studios’ shares maintained a premium of Rs 38. Furthermore, this suggests a potential listing price of Rs 92, representing a significant 70.37% premium from the IPO price of Rs 54.
The Grey Market Premium (GMP) for the stock is unchanged from December 17. However, it has seen a significant increase, rising from Rs 13 on December 15 to Rs 32 on December 16.
Other Details
- The IPO comprises solely of a fresh issue of 36.94 lakh shares.
- Moreover, there is no component of Offer for Sale.
- Furthermore, the company has kept the minimum lot size for the IPO of 2,000 shares.
- The company mandated the retail investors to invest a minimum amount of Rs 1.08 lakh.
- The company may finalize the share allotment status on Monday, December 23, 2024.
- Additionally, the company may list on the BSE, NSE on Thursday, December 26, 2024.
- Socradamus Capital Private is the book running lead manager for this IPO, whereas the Bigshare Services Pvt Ltd is the registrar for the issue. The company has made Rikhav Securities Limited its market maker.
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