Digikore Studios IPO vs Hi-Green Carbon IPO

Comparision between Digikore Studios IPO and Hi-Green Carbon IPO.

IPO Details

Digikore Studios IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Hi-Green Carbon IPO is a SME Book Built Issue proposed to list at NSE SME.

	Digikore Studios IPO	Hi-Green Carbon 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	Sarthi Capital Advisors Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Gretex Share Broking Private Limited	Spread X Securities 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 Digikore Studios IPO is up to ₹30.48 Cr whereas the issue size of the Hi-Green Carbon IPO is up to ₹52.80 Cr. The final issue price of Digikore Studios IPO is ₹171.00 per share and of Hi-Green Carbon IPO is ₹75.00 per share.

	Digikore Studios IPO	Hi-Green Carbon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹168.00 per share	₹71.00 per share
Issue Price (Upper)	₹171.00 per share	₹75.00 per share
Issue Price (Final)	₹171.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	1600 shares
Fresh Issue Size	12,60,800 shares	59,90,000 shares
Fresh Issue Size (Amount)	up to ₹21.56 Cr	up to ₹44.93 Cr
OFS Issue Size	5,21,600 shares	10,50,000 shares
OFS Issue Size (Amount)	up to ₹8.92 Cr	up to ₹7.88 Cr
Issue Size Total	17,82,400 shares	70,40,000 shares
Issue Size Total (Amount)	up to ₹30.48 Cr	up to ₹52.80 Cr

IPO Timetable

Digikore Studios IPO opens on Sep 25, 2023, while Hi-Green Carbon IPO opens on Sep 21, 2023. The closing date of Digikore Studios IPO and Hi-Green Carbon IPO is Sep 27, 2023, and Sep 25, 2023, respectively.

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

Financials

Digikore Studios IPO P/E ratio is 4.63, as compared to Hi-Green Carbon IPO P/E ratio of 13.13.

Digikore Studios IPO

Hi-Green Carbon IPO

Financial

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

Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	3,310.91	3,424.36	4,387.83
Revenue	2,429.39	5,113.95	7,903.90
Profit After Tax	9.59	367.95	1,084.78
Net Worth	806.28	1,174.23	2,259.02
Reserves and Surplus	-1,093.72	-725.77	359.02
Total Borrowing	1,783.10	1,586.70	1,362.19

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.38%

100.00%

Promoter Shareholding (Post-Issue)

66.55%

71.83%

P/E Ratio

4.63

13.13

Market Cap

₹108.29 Cr.

₹187.43 Cr.

ROE

74.03%%

63.19%%

ROCE

92.23%%

64.70%%

Debt/Equity

1.03

0.6

EPS

₹36.95

₹5.71

RoNW

74.03%%

48.02%%

Shares Offered

In the Digikore Studios IPO retail investors (RII) are offered 5,61,600 shares while in Hi-Green Carbon IPO retail investors are offered 5,61,600 shares. Qualified institutional buyers (QIB) are offered 3,20,800 shares in Digikore Studios IPO and 13,23,200 shares in Hi-Green Carbon IPO.

	Digikore Studios IPO	Hi-Green Carbon IPO
Anchor Investor Reserveration	4,80,800 shares	19,84,000 shares
Market Maker Reserveration	1,78,400 shares	4,20,800 shares
QIB	3,20,800 shares	13,23,200 shares
NII	2,40,800 shares	9,93,600 shares
RII	5,61,600 shares	23,16,800 shares
Employee	0 shares	0 shares
Others
Total	11,23,200 shares	46,33,600 shares

Bids Received (Subscription)

Digikore Studios IPO subscribed 281.58x in total, whereas Hi-Green Carbon IPO subscribed 168.92x.

	Digikore Studios IPO	Hi-Green Carbon IPO
QIB (times)	65.63x	69.95x
NII (times)	362.65x	236.76x
Big NII (times)
Small NII (times)
RII (times)	370.17x	196.35x
Employee (times)
Other (times)
Total (times)	281.58x	168.92x

Compare with others

Digikore Studios IPO	Hi-Green Carbon IPO
Master Components IPO	Sunita Tools IPO
Techknowgreen Solutions IPO	Marco Cables & Conductors IPO
Hi-Green Carbon IPO	Mangalam Alloys IPO
Kody Technolab IPO	Master Components IPO
Holmarc Opto-Mechatronics IPO	Techknowgreen Solutions IPO
Madhusudan Masala IPO	Kody Technolab IPO
Cellecor Gadgets IPO	Holmarc Opto-Mechatronics IPO
Kundan Edifice IPO	Digikore Studios IPO
Meson Valves India IPO	Madhusudan Masala IPO
Chavda Infra IPO	Cellecor Gadgets IPO

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