The initial public offering (IPO) of Identical Brains Studios has concluded with remarkable oversubscription, reflecting strong investor confidence in the company's prospects. Let's delve into the final subscription figures, Grey Market Premium (GMP), and other essential details.
Identical Brains Studios IPO Details
Here are the key specifics of the IPO:
Particulars | Details |
---|---|
IPO Opening Date | December 18, 2024 |
IPO Closing Date | December 20, 2024 |
Price Band | ₹51 to ₹54 per share |
Market Lot | 2,000 shares per lot |
Issue Size | ₹20 crore |
Listing Exchanges | NSE SME |
Final Subscription Status
As of December 20, 2024, the subscription status is as follows:
Investor Category | Subscription (Times) |
---|---|
Qualified Institutional Buyers | 187.36x |
Non-Institutional Investors | 1,020.2x |
Retail Individual Investors | 544.28x |
Overall Subscription | 544.28x |
Grey Market Premium (GMP) Analysis
The Grey Market Premium for Identical Brains Studios shares has been noteworthy:
Date | GMP (₹) | Implied Listing Price (₹) | Premium Over Upper Price Band (%) |
---|---|---|---|
December 20, 2024 | 32 | 86 | 59.26% |
Expert Insights and Recommendations
Analysts observe that the substantial oversubscription and notable GMP suggest robust investor confidence in Identical Brains Studios' business model and growth prospects.
Strengths:
Established Market Position: A leading provider of high-quality computer-generated visual effects (VFX) services.
Award-Winning Portfolio: Recognized for excellence with multiple prestigious awards.
Considerations:
Market Volatility: Potential fluctuations in market conditions could impact stock performance.
Sector Risks: Exposure to industry-specific challenges and economic cycles.
Conclusion
The Identical Brains Studios IPO's impressive subscription figures and elevated GMP reflect strong market enthusiasm. Prospective investors should weigh the company's strengths against potential risks and consider their investment objectives before making decisions.
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