Digikore Studios IPO vs Kundan Edifice IPO

Comparision between Digikore Studios IPO and Kundan Edifice IPO.

IPO Details

Digikore Studios IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Kundan Edifice IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Digikore Studios IPO	Kundan Edifice IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Sarthi Capital Advisors Private Limited	Fedex Securities�Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Gretex Share Broking Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Kundan Edifice IPO is up to ₹25.22 Cr. The final issue price of Digikore Studios IPO is ₹171.00 per share and of Kundan Edifice IPO is ₹91.00 per share.

	Digikore Studios IPO	Kundan Edifice IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹168.00 per share
Issue Price (Upper)	₹171.00 per share
Issue Price (Final)	₹171.00 per share	₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	1200 shares
Fresh Issue Size	12,60,800 shares	27,72,000 shares
Fresh Issue Size (Amount)	up to ₹21.56 Cr	up to ₹25.22 Cr
OFS Issue Size	5,21,600 shares
OFS Issue Size (Amount)	up to ₹8.92 Cr
Issue Size Total	17,82,400 shares	27,72,000 shares
Issue Size Total (Amount)	up to ₹30.48 Cr	up to ₹25.22 Cr

IPO Timetable

Digikore Studios IPO opens on Sep 25, 2023, while Kundan Edifice IPO opens on Sep 12, 2023. The closing date of Digikore Studios IPO and Kundan Edifice IPO is Sep 27, 2023, and Sep 15, 2023, respectively.

	Digikore Studios IPO	Kundan Edifice IPO
Anchor Bid Date	Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 12, 2023
Issue Close	Sep 27, 2023	Sep 15, 2023
Basis Of Allotment (Tentative)	Sep 29, 2023	Sep 21, 2023
Initiation of Refunds (Tentative)	Oct 03, 2023	Sep 22, 2023
Credit of Share (Tentative)	Oct 03, 2023	Sep 25, 2023
Listing date (Tentative)	Oct 04, 2023	Sep 26, 2023
Anchor Lockin End date 1	Oct 29, 2023	Oct 21, 2023
Anchor Lockin End date 2	Dec 28, 2023	Dec 20, 2023

Financials

Digikore Studios IPO P/E ratio is 4.63, as compared to Kundan Edifice IPO P/E ratio of 13.3.

Digikore Studios IPO

Kundan Edifice 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

Kundan Edifice IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	846.60	1,185.44	1,928.14	2,965.84
Revenue	649.70	1,522.43	3,250.60	6,046.36
Profit After Tax	4.05	77.22	167.82	513.09
Net Worth	27.68	129.90	297.72	810.81
Reserves and Surplus	-247.32	-170.10	-2.28	60.81
Total Borrowing	636.89	728.65	905.03	1,450.61

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.38%

99.00%

Promoter Shareholding (Post-Issue)

66.55%

72.28%

P/E Ratio

4.63

13.3

Market Cap

₹108.29 Cr.

₹93.48 Cr.

ROE

74.03%%

63.28%%

ROCE

92.23%%

43.69%%

Debt/Equity

1.03

1.79

EPS

₹36.95

₹6.84

RoNW

74.03%%

63.28%%

Shares Offered

In the Digikore Studios IPO retail investors (RII) are offered 5,61,600 shares while in Kundan Edifice IPO retail investors are offered 5,61,600 shares. Qualified institutional buyers (QIB) are offered 3,20,800 shares in Digikore Studios IPO and 0 shares in Kundan Edifice IPO.

	Digikore Studios IPO	Kundan Edifice IPO
Anchor Investor Reserveration	4,80,800 shares
Market Maker Reserveration	1,78,400 shares	1,41,600 shares
QIB	3,20,800 shares	0 shares
NII	2,40,800 shares	13,15,200 shares
RII	5,61,600 shares	13,15,200 shares
Employee	0 shares	0 shares
Others
Total	11,23,200 shares	26,30,400 shares

Bids Received (Subscription)

Digikore Studios IPO subscribed 281.58x in total, whereas Kundan Edifice IPO subscribed 42.27x.

	Digikore Studios IPO	Kundan Edifice IPO
QIB (times)	65.63x
NII (times)	362.65x	35.68x
Big NII (times)
Small NII (times)
RII (times)	370.17x	44.13x
Employee (times)
Other (times)
Total (times)	281.58x	42.27x

Compare with others

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

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