Identical Brains Studios IPO

Incorporated in 2019, Identical Brains Studios Limited offers computer-generated visual effects ("VFX") services. The company provides VFX services for projects such as films, web series, TV series, documentaries, and commercials. The company has provided VFX services for films that received two Filmfare OTT Awards nominations, one Filmfare Awards nomination, one Dadasaheb Phalke Awards nomination and more for Best Visual Effects. The company has also won two Filmfare OTT Awards for Best Visual Effects for Scam 1992: The Harshad Mehta Story (2020) and Rocket Boys (2022) in association with Variate Studios LLP and one Dadasaheb Phalke Awards for Phone Bhoot (2022) for Best Visual Effect. Competitive Strengths: Operations in economically attractive locations. Integrated technology and infrastructure. Skilled creative and technical workforce. Reputation as a trusted provider of VFX Services with established relationships throughout the Entertainment Industry. Attractive business model, with significant revenue visibility and compelling opportunities for long-term margin expansion and cash flow generation. Experienced management team with managerial, creative and technical expertise and industry relationships.

The company proposes to utilize the Net Proceeds from the Issue towards the following objects: Funding capital expenditure towards the renovation of the existing Andheri office and studio. Funding capital expenditure towards establishment of Colour Grading Digital Intermediate ("DI") and Sound Studio Set up a new branch office in Andheri. Funding capital expenditure towards the establishment of a new branch office in Lucknow. Funding capital expenditure for the purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company. Funding our incremental working capital requirements; and General corporate purposes.

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