Identical Brains Studios IPO GMP Drops Ahead Of Allotment Today; Check Status Here
The grey market premium of Identical Brains Studios IPO was Rs 40 on Dec. 23, indicating a listing gain of 74.07%. Check allotment and listing details here.
The allotment of shares in Identical Brains Studios IPO (initial public offering) is expected to be finalised on Monday, Dec. 23 following a robust subscription. Identical Brains Studios IPO was booked over 544 times on the final day of bidding on Dec. 20 led by a strong demand from non-institutional investors.
Investors applied for 1,33,89,40,000 shares as compared to 24,60,000 shares available, as per data from Chittorgarh.
Qualified Institutional Buyers booked their quota of shares by 187.36 times whereas the portion reserved for NIIs was subscribed 1,020.2 times. The retail allocation of the IPO was subscribed 544.28 times.
Ahead of the share allotment today, the grey market premium of Identical Brains Studios IPO dropped to Rs 40 as of 3:02 pm on Monday. Earlier the GMP was Rs 50 at 10:55 am. The current GMP indicates a listing gain of 74.07% with the shares expected to list at Rs 94 over the issue price of Rs 54.
Investors who have applied for the Identical Brains Studios IPO can check its share allotment status on the NSE and registrar websites, Bigshare Services Pvt. Ltd.
How to check Identical Brains Studios IPO Allotment Status on Bigshare Services
Visit the IPO allotment page on BigShare Services website here.
Choose one server among the three.
Select 'Identical Brains Studios Ltd.' from the dropdown menu of Company Name.
Enter the details (Application No., Beneficiary ID or PAN).
Clear Captcha.
Click Search to get details of your allotment status.
How to Check Identical Brains Studios IPO Share Allotment Status on NSE
Log on to the allotment status check page of the NSE here.
Sign in with your username and password. (Create an account on the NSE to view IPO allotment status)
Select Identical Brain Studios Ltd. from the dropdown menu.
Verify your PAN details.
Enter the application number for the IPO.
Click submit to check the allotment details.
Credit of shares into the demat accounts of successful bidders will be done on December 24, along with refund initiation to non-allottees.
Identical Brains Studios' shares will be listed on the NSE SME platform, Emerge on Thursday, December 26.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
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Identical Brains Studios IPO - Use of Proceeds
Identical Brains Studios Ltd. plans to use the proceeds from its IPO to finance capital expenditures for renovating its studio in Andheri and setting up a new branch office in Lucknow. The funds will also be allocated towards the establishment of a Colour Grading Digital Intermediate ("DI") and Sound Studio Setup in Andheri, as well as the purchase of computers, storage systems, and software to enhance its operations.
The remainder money will be used for working capital requirements and general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
