IPOs Today: NACDAC Infrastructure IPO Day 2 & Identical Brains Studios IPO Day 1 Live Updates

Established in 2012, NACDAC Infrastructure Limited is a distinguished construction company specializing in the development of multi-story buildings, as well as residential, commercial, and institutional structures. The company has launched its IPO, with bidding open for subscription from December 17, 2024, to December 19, 2024.

NACDAC Infrastructure IPO Details

• NACDAC Infrastructure IPO is a book-built issue of Rs 10.01 crores. The issue is entirely a fresh issue of 28.60 lakh shares.
• NACDAC Infrastructure IPO bidding opened for subscription on December 17, 2024 and will close on December 19, 2024. 
• The allotment for the NACDAC Infrastructure IPO is expected to be finalized on Friday, December 20, 2024. 
• NACDAC Infrastructure IPO will list on BSE SME with tentative listing date fixed as Tuesday, December 24, 2024.
• NACDAC Infrastructure IPO price band is set at ₹33 to ₹35 per share. 
• The minimum lot size for an application is 4000. The minimum amount of investment required by retail investors is ₹1,40,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹2,80,000.

Shareholding Pre & Post Issue

Before the issue, the shareholding stood at 95.9%, while after the issue, it is expected to decrease to 67.1%.

Use of Proceeds:

The company intends to utilize the proceeds from the issue for meeting its working capital requirements and for general corporate purposes.

Investor Category Shares Offered

NACDAC Infrastructure IPO Day 2 Subscription Status 

(December 18, 2024, 02:35:09 PM)

On the second day of bidding, the NACDAC Infrastructure IPO achieved a subscription level of 367.31 times the total shares on offer.  

• The Non-Institutional Investors (NIIs) subscribed 303.1 times their allotted quota.  
• The Retail Investors segment received an encouraging response, with subscriptions reaching 596.46 times their allocation.  
• However, the Qualified Institutional Buyers (QIBs) segment recorded a subscription rate of 2.48 times. 

NACDAC Infrastructure IPO Day 1 Subscription Status 

(December 17, 2024, End of Day)

On the opening day of bidding, the NACDAC Infrastructure IPO saw an impressive subscription of 57.25 times the total shares on offer. 

• The Non-Institutional Investors (NIIs) category was particularly enthusiastic, subscribing 73.69 times their allotted quota. 
• The Retail Investors segment also witnessed a strong response, achieving subscriptions of 80.58 times their allocation. 
• Meanwhile, the Qualified Institutional Buyers (QIBs) segment recorded a more modest subscription rate of 2.42 times.

NACDAC Infrastructure Business Overview

NACDAC Infrastructure Limited, established in 2012, is a prominent construction company specializing in multi-story buildings and various structural projects. As a Class A contractor registered with Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam and ISO-certified, it focuses on civil and structural excellence. NACDAC has expertise in steel structures, housekeeping, and the construction of bridges, including Foot Over Bridges (FOBs) and Road Over Bridges (ROBs). With a track record of 45 completed projects for government and private clients, the company also undertakes subcontracted assignments, highlighting its quality and versatility.

NACDAC Infrastructure Financial Highlights

• NACDAC Infrastructure Limited's revenue increased by 209.49% from Rs. 1,174 crore in FY23 to Rs. 3,633 crore in FY24.
• Profit after tax (PAT) rose by 464.38% between the financial year ending March 31, 2023 and March 31, 2024, from Rs. 56 crore to Rs. 317 crore, respectively.

Key Ratios

Identical Brains Studios IPO Day 1 Live Updates: Key Highlights, Subscription Status, and Insights

Identical Brains Studios, a company specializing in VFX services for films, web series, TV series, documentaries, and commercials, opened its IPO bidding for subscription on December 18, 2024, with the bidding set to close on December 20, 2024.

IPO Details

• The Identical Brains Studios IPO is a book-built issue amounting to ₹19.95 crores, consisting entirely of a fresh issue of 36.94 lakh shares. 
• The bidding opened for subscription today, on December 18, 2024, and will close on December 20, 2024. 
• The allotment is expected to be finalized on Monday, December 23, 2024, with the IPO set to list on the NSE SME platform on a tentative date of Thursday, December 26, 2024. 
• The IPO price band is fixed at ₹51 to ₹54 per share, with a minimum application lot size of 2,000 shares. 
• Retail investors must invest a minimum of ₹1,08,000, while High Net Worth Individuals (HNIs) need to invest in at least 2 lots (4,000 shares), requiring a minimum investment of ₹2,16,000.

Shareholding Pre & Post Issue

The shareholding before the issue stands at 86.53%, which is expected to decrease to 67.1% after the issue.

Use of Proceeds:

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.
• The establishment of Colour Grading Digital Intermediate ("DI") and Sound Studio Set up a new branch office in Andheri.
• The establishment of a new branch office in Lucknow.
• The purchase of computers, storage systems and software to further strengthen the existing facilities/offices of the company.
• Funding incremental working capital requirements.
• Funding general corporate purposes.

Investor Category Shares Offered

Identical Brains Studios IPO Day 1 Subscription Status 

(December 18, 2024, 02:34:00 PM)

On its opening day, the Identical Brains Studios IPO garnered a subscription rate of 12.17 times the total shares on offer. 

• The Non-Institutional Investors (NIIs) category subscribed to 8.33 times their allocated quota. 
• The Retail Investors segment subscriptions reached 19.31 times their allotment. 
• However, the Qualified Institutional Buyers (QIBs) segment registered no subscriptions, with a subscription rate of 2.61 times.

Identical Brains Studios Business Overview

Incorporated in 2019, Identical Brains Studios Limited specializes in computer-generated visual effects (VFX) services. The company offers VFX support for a variety of projects, including films, web series, TV series, documentaries, and commercials.

Identical Brains Studios has contributed VFX services to films that garnered multiple nominations, including two Filmfare OTT Awards nominations, one Filmfare Awards nomination, and one Dadasaheb Phalke Awards nomination for Best Visual Effects.

The company has also achieved significant recognition, winning two Filmfare OTT Awards for Best Visual Effects for "Scam 1992: The Harshad Mehta Story" (2020) and "Rocket Boys" (2022) in collaboration with Variate Studios LLP. Additionally, it received one Dadasaheb Phalke Award for Best Visual Effects for "Phone Bhoot" (2022).

Identical Brains Studios Financial Highlights

• Identical Brains Studios Limited's revenue increased by 150.71% from Rs. 8.08 crore in FY23 to Rs. 20.26 crore in FY24.
• Profit after tax (PAT) rose by 231.5% between the financial year ending March 31, 2023 and March 31, 2024, from Rs. 1.61 crore to Rs. 5.35 crore, respectively.

Key Ratios

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.