Chavda Infra IPO vs Digikore Studios IPO

Comparision between Chavda Infra IPO and Digikore Studios IPO.

IPO Details

Chavda Infra IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Digikore Studios IPO is a SME Book Built Issue proposed to list at NSE SME.

	Chavda Infra IPO	Digikore Studios IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Sarthi Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Chavda Infra IPO is up to ₹43.26 Cr whereas the issue size of the Digikore Studios IPO is up to ₹30.48 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Digikore Studios IPO is ₹171.00 per share.

	Chavda Infra IPO	Digikore Studios IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share	₹168.00 per share
Issue Price (Upper)	₹65.00 per share	₹171.00 per share
Issue Price (Final)	₹65.00 per share	₹171.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	800 shares
Fresh Issue Size	66,56,000 shares	12,60,800 shares
Fresh Issue Size (Amount)	up to ₹43.26 Cr	up to ₹21.56 Cr
OFS Issue Size		5,21,600 shares
OFS Issue Size (Amount)		up to ₹8.92 Cr
Issue Size Total	66,56,000 shares	17,82,400 shares
Issue Size Total (Amount)	up to ₹43.26 Cr	up to ₹30.48 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Digikore Studios IPO opens on Sep 25, 2023. The closing date of Chavda Infra IPO and Digikore Studios IPO is Sep 14, 2023, and Sep 27, 2023, respectively.

	Chavda Infra IPO	Digikore Studios IPO
Anchor Bid Date	Sep 11, 2023	Sep 22, 2023
Issue Open	Sep 12, 2023	Sep 25, 2023
Issue Close	Sep 14, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Sep 20, 2023	Sep 29, 2023
Initiation of Refunds (Tentative)	Sep 21, 2023	Oct 03, 2023
Credit of Share (Tentative)	Sep 22, 2023	Oct 03, 2023
Listing date (Tentative)	Sep 25, 2023	Oct 04, 2023
Anchor Lockin End date 1	Oct 20, 2023	Oct 29, 2023
Anchor Lockin End date 2	Dec 19, 2023	Dec 28, 2023

Financials

Chavda Infra IPO P/E ratio is 9.72, as compared to Digikore Studios IPO P/E ratio of 4.63.

Chavda Infra IPO

Digikore Studios IPO

Financial

Chavda Infra IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	8,668.11	10,880.79	15,424.40
Revenue	9,131.05	10,987.68	16,203.37
Profit After Tax	443.84	521.46	1,204.62
Net Worth	1,314.28	1,835.74	3,040.36
Reserves and Surplus	1,164.28	1,685.74	1,240.36
Total Borrowing	3,330.32	4,993.14	5,328.95

Amount in ₹ Lakhs

Digikore Studios IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023	30 Jun 2023
Assets	797.83	825.24	1,932.41	2,518.83
Revenue	615.53	2,488.39	3,692.38	1,186.49
Profit After Tax	1.80	46.54	389.17	270.89
Net Worth	106.94	153.48	542.66	813.30
Reserves and Surplus	-11.46	35.08	424.26	694.30
Total Borrowing		349.46	608.55	912.25

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

93.38%

Promoter Shareholding (Post-Issue)

73%

66.55%

P/E Ratio

9.72

4.63

Market Cap

₹160.26 Cr.

₹108.29 Cr.

ROE

49.41%%

74.03%%

ROCE

43.62%%

92.23%%

Debt/Equity

1.75

1.03

EPS

₹6.69

₹36.95

RoNW

39.62%%

74.03%%

Shares Offered

In the Chavda Infra IPO retail investors (RII) are offered 22,12,000 shares while in Digikore Studios IPO retail investors are offered 22,12,000 shares. Qualified institutional buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and 3,20,800 shares in Digikore Studios IPO.

	Chavda Infra IPO	Digikore Studios IPO
Anchor Investor Reserveration	18,96,000 shares	4,80,800 shares
Market Maker Reserveration	3,36,000 shares	1,78,400 shares
QIB	12,64,000 shares	3,20,800 shares
NII	9,48,000 shares	2,40,800 shares
RII	22,12,000 shares	5,61,600 shares
Employee	0 shares	0 shares
Others
Total	44,24,000 shares	11,23,200 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Digikore Studios IPO subscribed 281.58x.

	Chavda Infra IPO	Digikore Studios IPO
QIB (times)	95.10x	65.63x
NII (times)	241.96x	362.65x
Big NII (times)
Small NII (times)
RII (times)	202.07x	370.17x
Employee (times)
Other (times)
Total (times)	180.06x	281.58x

Compare with others

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Saroja Pharma Industries IPO	Chavda Infra IPO

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