Digikore Studios IPO vs Madhusudan Masala IPO

Comparision between Digikore Studios IPO and Madhusudan Masala IPO.

IPO Details

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

	Digikore Studios IPO	Madhusudan Masala 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	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Gretex Share Broking Private Limited	Hem Finlease 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 Madhusudan Masala IPO is up to ₹23.80 Cr. The final issue price of Digikore Studios IPO is ₹171.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

	Digikore Studios IPO	Madhusudan Masala IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹168.00 per share	₹66.00 per share
Issue Price (Upper)	₹171.00 per share	₹70.00 per share
Issue Price (Final)	₹171.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	12,60,800 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹21.56 Cr	up to ₹23.80 Cr
OFS Issue Size	5,21,600 shares
OFS Issue Size (Amount)	up to ₹8.92 Cr
Issue Size Total	17,82,400 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹30.48 Cr	up to ₹23.80 Cr

IPO Timetable

Digikore Studios IPO opens on Sep 25, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Digikore Studios IPO and Madhusudan Masala IPO is Sep 27, 2023, and Sep 21, 2023, respectively.

	Digikore Studios IPO	Madhusudan Masala IPO
Anchor Bid Date	Sep 22, 2023	Sep 15, 2023
Issue Open	Sep 25, 2023	Sep 18, 2023
Issue Close	Sep 27, 2023	Sep 21, 2023
Basis Of Allotment (Tentative)	Sep 29, 2023	Sep 26, 2023
Initiation of Refunds (Tentative)	Oct 03, 2023	Sep 27, 2023
Credit of Share (Tentative)	Oct 03, 2023	Sep 29, 2023
Listing date (Tentative)	Oct 04, 2023	Sep 26, 2023
Anchor Lockin End date 1	Oct 29, 2023	Oct 26, 2023
Anchor Lockin End date 2	Dec 28, 2023	Dec 25, 2023

Financials

Digikore Studios IPO P/E ratio is 4.63, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

Digikore Studios IPO

Madhusudan Masala 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

Madhusudan Masala IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,599.90	3,514.29	5,736.52
Revenue	6,875.18	6,651.81	12,750.57
Profit After Tax	44.98	81.29	575.89
Net Worth	1,094.09	31.07	1,099.10
Reserves and Surplus		30.07	599.10
Total Borrowing	966.40	2,819.53	4,217.20

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.38%

100.00%

Promoter Shareholding (Post-Issue)

66.55%

73.64%

P/E Ratio

4.63

10.08

Market Cap

₹108.29 Cr.

₹90.30 Cr.

ROE

74.03%%

101.91%%

ROCE

92.23%%

20.08%%

Debt/Equity

1.03

3.84

EPS

₹36.95

₹6.94

RoNW

74.03%%

52.40%%

Shares Offered

In the Digikore Studios IPO retail investors (RII) are offered 5,61,600 shares while in Madhusudan Masala IPO retail investors are offered 5,61,600 shares. Qualified institutional buyers (QIB) are offered 3,20,800 shares in Digikore Studios IPO and 6,46,000 shares in Madhusudan Masala IPO.

	Digikore Studios IPO	Madhusudan Masala IPO
Anchor Investor Reserveration	4,80,800 shares	9,66,000 shares
Market Maker Reserveration	1,78,400 shares	1,72,000 shares
QIB	3,20,800 shares	6,46,000 shares
NII	2,40,800 shares	4,86,000 shares
RII	5,61,600 shares	11,30,000 shares
Employee	0 shares	0 shares
Others
Total	11,23,200 shares	22,62,000 shares

Bids Received (Subscription)

Digikore Studios IPO subscribed 281.58x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

	Digikore Studios IPO	Madhusudan Masala IPO
QIB (times)	65.63x	86.91x
NII (times)	362.65x	574.08x
Big NII (times)
Small NII (times)
RII (times)	370.17x	592.73x
Employee (times)
Other (times)
Total (times)	281.58x	444.27x

Compare with others

Digikore Studios IPO	Madhusudan Masala IPO
Master Components IPO	Techknowgreen Solutions IPO
Techknowgreen Solutions IPO	Hi-Green Carbon IPO
Hi-Green Carbon IPO	Kody Technolab IPO
Kody Technolab IPO	Holmarc Opto-Mechatronics IPO
Holmarc Opto-Mechatronics IPO	Digikore Studios IPO
Madhusudan Masala IPO	Cellecor Gadgets IPO
Cellecor Gadgets IPO	Kundan Edifice IPO
Kundan Edifice IPO	Meson Valves India IPO
Meson Valves India IPO	Chavda Infra IPO
Chavda Infra IPO	Jiwanram Sheoduttrai Industries IPO

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