Equivalent Brains Studios IPO: Will there be revenue or loss on itemizing on December 26? What’s the grey market indicating? – #INA

Equivalent Brains Studios IPO: After the closure of the Rs 19.95 crore public subject of VFX providers supplier Equivalent Brains Studios, the shares are going to be listed on NSE SME on December 26. The IPO acquired 544.28 occasions subscription. The reserve portion for certified institutional patrons was crammed 187.36 occasions, the reserve portion for non-institutional traders was crammed 1,020.2 occasions and the reserve portion for retail traders was crammed 544.28 occasions.

Now the shares will be listed at Rs 94. Within the grey market, shares of Equivalent Brains Studios are buying and selling at a premium of Rs 40 or 74.07% to the higher worth band of the IPO at Rs 54. The grey market is an unauthorized market the place shares of an organization commerce till its itemizing.

IPO closed on 20 December

Equivalent Brains Studios gives computer-generated visible results (VFX) providers. It gives VFX providers for tasks like movies, internet sequence, TV sequence, documentaries and commercials. The promoters of the corporate are Raghavendra Rai and Sameer Rai. 36.94 lakh new shares had been issued in Equivalent Brains Studios IPO. The difficulty opened on 18 December and closed on 20 December. The value band for bidding was Rs 51-54 per share. The corporate raised Rs 5.66 crore from anchor traders earlier than the IPO.

One other IPO of ₹450 crore is coming, there can be solely new shares; Draft deposited with SEBI

Monetary place of Equivalent Brains Studios

Equivalent Brains Studios’ income elevated by 150.71 p.c to Rs 20.26 crore in FY 2023-24. In the meantime, internet revenue elevated by 231.5 p.c to Rs 5.34 crore. Income for the April-September 2024 interval was recorded at Rs 11.49 crore and internet revenue at Rs 2.40 crore.

The corporate will use the proceeds from its IPO to fund capital expenditure, meet working capital necessities and for common company functions.

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