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Identical Brains Studios, a Mumbai VFX firm, saw its shares surge 76% on its NSE SME debut.
Identical Brains Studios, a Mumbai-based VFX company, had a strong market debut on NSE SME, with shares trading 76% higher than its IPO price of Rs 54.
The IPO, which raised Rs 20 crore, was oversubscribed 544 times.
The company plans to use the funds to expand operations and upgrade facilities for color grading and sound studios.
Identical Brains has previously won two Filmfare OTT Awards for Best Visual Effects.
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Idéntica Brains Studios, una firma de Mumbai VFX, vio sus acciones aumentar 76% en su debut en NSE SME.