Identical Brains Studios IPO subscribed 200 times so far on Day 3: Check key dates, GMP, price band and key other details

The IPO consists entirely of a fresh issue of 36.94 lakh equity shares, aiming to raise Rs 20 crore. The net proceeds from the offering will be allocated to fund capital expenditures, including the renovation of the existing office and studio in Andheri, setting up a new branch office in Lucknow, meeting incremental working capital requirements, and addressing general corporate purposes.