Equivalent Brains Studios IPO subscribed 33% thus far on Day 1; verify GMP, and different key particulars

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Abhishek Mukherjee
Abhishek Mukherjeehttps://www.hospitalitycareerprofile.com/
Abhishek Mukherjee is a seasoned market analyst with a deep understanding of financial trends and economic shifts. With years of experience in the field, Abhishek brings insightful analysis and up-to-date market news to help readers stay informed. His expertise spans stock markets, financial forecasts, and economic policy changes, making him a trusted voice in the industry.
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Equivalent Brains Studios IPO: The preliminary public providing (IPO) of Equivalent Brains Studios opened for subscription earlier in the present day, December 18 and can shut on December 20. The corporate, which goals to boost 20 crore by means of the SME IPO, has set a value band within the vary of 51-54 per share.

Equivalent Brains Studios IPO has been totally subscribed until 11:40 am on the primary day of bidding. It was booked 1.85 instances, receiving bids for 45.42 lakh fairness shares as in comparison with 24.60 lakh shares on the provide.

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The retail portion of the general public situation was subscribed essentially the most 2.71 instances whereas the Non Institutional Traders’ (NII) class obtained 2.3 instances bids. Nonetheless, the Certified Institutional Consumers (QIB) are but to bid for the IPO.

Additionally Learn | IPO GMP: What gray market alerts forward of Inventurus Data IPO itemizing?

Equivalent Brains Studios GMP in the present day

The corporate’s shares within the gray market continued buying and selling at a premium of 38. This means an estimated itemizing value of 92, up 70.37 % from the IPO value of 54. The GMP was the identical as within the earlier session (December 17). Nonetheless, it rose from 32 on December 16 and 13 on December 15.

Nonetheless, one should be aware that gray market premium is just an indicator of how the corporate’s shares are performing within the unlisted market and may change rapidly.

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Equivalent Brains Studios IPO particulars

The IPO is fully a contemporary situation of 36.94 lakh shares with not provide on the market part. For potential traders, the minimal lot measurement for software is 2,000 shares and in multiples thereof. Retail traders are required to speculate a minimal quantity of Es 1.08 lakh to take part within the providing.

Equivalent Brains Studios IPO additionally raised 5.66 crore from anchor traders on December 17.

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The corporate plans to allocate the web proceeds from the difficulty in the direction of varied strategic goals, together with capital expenditure for renovating its current workplace and studio in Andheri, establishing a Color Grading Digital Intermediate (DI) and Sound Studio, and establishing a brand new department workplace in Andheri. Moreover, funds shall be utilized to open a brand new department workplace in Lucknow and to reinforce the corporate’s infrastructure by buying computer systems, storage techniques, and software program to strengthen its present services. The proceeds may even help incremental working capital necessities and be used for common company functions.

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Equivalent Brains IPO has reserved no more than 50% of the shares within the public situation for certified institutional consumers (QIB), not lower than 15% for non-institutional Institutional Traders (NII), and never lower than 35% of the provide is reserved for retail traders.

Socradamus Capital Non-public Restricted is the guide working lead supervisor of the Equivalent Brains Studios IPO, whereas Bigshare Companies Pvt Ltd is the registrar for the difficulty. The market maker for Equivalent Brains Studios IPO is Rikhav Securities Restricted.

Additionally Learn | Sai Life Sciences shares listing at ₹650 on NSE, up 18.4% from IPO value

The allotment for the Equivalent Brains Studios IPO is predicted to be finalised on Monday, December 23, 2024. The IPO will listing on BSE, NSE with the tentative itemizing date fastened as Thursday, December 26, 2024.

Evaluate

“The corporate is engaged in offering complete VFX companies for digital media, movies and many others. It posted quantum leap in its high and backside traces from FY24 onwards. Its portfolio consists of few upcoming initiatives from well-known manufacturing homes. Based mostly on its FY25 annualized earnings, the difficulty seems totally priced. Traders might park funds for medium to long run,” stated Dilip Davda of Chittorgarh.com.

About Equivalent Brains Studios

Based in 2019, Equivalent Brains Studios Restricted makes a speciality of offering cutting-edge computer-generated visible results (VFX) companies. The corporate caters to a various vary of initiatives, together with function movies, net collection, TV collection, documentaries, and commercials, delivering high-quality visible storytelling that enhances the cinematic expertise.

The corporate has made important contributions to acclaimed movies and collection, incomes recognition within the leisure business. Notably, its work has been related to initiatives that obtained a number of prestigious nominations. These embrace two Filmfare OTT Awards nominations, a Filmfare Awards nomination, and a Dadasaheb Phalke Awards nomination, all within the Greatest Visible Results class.

Additionally Learn | Senores Pharma IPO: Value band set at ₹372-391; verify key dates, situation particulars

Equivalent Brains Studios has additionally been celebrated for its award-winning work. It gained two Filmfare OTT Awards for Greatest Visible Results for Rip-off 1992: The Harshad Mehta Story (2020) and Rocket Boys (2022), in collaboration with Variate Studios LLP. Moreover, the corporate clinched the Dadasaheb Phalke Award for Greatest Visible Results for its outstanding work in Telephone Bhoot (2022).

Equivalent Brains Studios Restricted reported outstanding monetary progress, with income surging by 150.71 % and revenue after tax (PAT) hovering by 231.5 % between the monetary years ending March 31, 2023, and March 31, 2024.

Disclaimer: The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to verify with licensed consultants earlier than taking any funding selections.

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