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Digikore Studios Limited IPO Message Board (Page 5)

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29. YBPK |   Link |  Bookmark | September 26, 2023 4:16:20 PM
Top Contributor Top Contributor (200+ Posts, 700 Likes)
Company operating in “flavour of the season” industry.
Company had 357 employees as on 31-july-23. As per EPFO, company deposited PF of 242 employees for July-23 and 189 employees for July-22.
Company has not disclosed its attrition rate which is a key risk factor for such industry.
22-23 sales grew 38% YoY while PBT grew 5X.
Decent cash flow for 20-21 and 22-22. 22-23 cash flow negatively impacted by increase in debtors, other current assets
Revenue per employee per year is Rs 12.57 lacs against Rs 14.75 lacs of Basilic fly.
Employee cost as % of revenue is 32% against 25% of Basilic fly. PBT margin of 33% against 50% of Basilic fly
Company is targeting revenue of Rs 50 cr for 23-24.
Company derives 60% of its revenue from outside India.
Top 10 customers contribute 61.76% of revenue, down from 90.34% in 20-21, indicating broad basing of clientele.
Non current investment includes a residential flat costing Rs 142 lacs and cost of tenancy rights for Rs 67 lacs. This is shown as an investment property. Trust company will sell these properties at appropriate time and realise benefits for shareholders.
In 22-23, there was profit of Rs 103 lacs on sale of tenancy rights (property for which possession is not given).
All receivables are less than 6 months which is a good indicator
YoY, in 22-23, rent expenses, repair & maintenance of plant & machinery, travelling and conveyance, legal and professional fees have all gone up higher than increase in sales.
Loan from Saraswat Bank carries interest @ 7.75% to 8.6%, ICICI Bank @ 8.75%
Unsecured loan from L&T finance is @ 16%, Bajaj finance @ 8.5%
Usual SME FII / Investors in the anchor book.
28. BLUE WHALE |   Link |  Bookmark | September 26, 2023 4:01:05 PM
Top Contributor Top Contributor (400+ Posts, 200 Likes)
SEBI to jokers ki team hai hi.

IPO ka paise ESCROW A/C mai 30 days dal dena chahiye.
Jo bhi IPO 20% se jyada gir jaye........usko call off karke, Investors ko paise wapis de dene chahiye. Nahi to ye FAKE PROMOTERS kabhi nahi sudhrenge.

Ye INDIA hai...... jay 99/100 Imadaar hai.......ULTE SIDHE kaam karne mai.
27. SAJAL BHARGAVA |   Link |  Bookmark | September 26, 2023 12:52:48 PM
Can anyone pls share the order to apply in current ongoing SME IPO with respect to better allotment chances....due to limited fund availability.
26. aRYANrAJ |   Link |  Bookmark | September 26, 2023 12:24:11 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
@Arjun Rajkot What's your view on this? And any other sme recco running or coming next week? Thanks.
25. J Divya |   Link |  Bookmark | September 26, 2023 11:48:37 AM
@Admin @ Chittorgarh.com Hello sir,

Each and every day many new members are coming and posting in this comment box.

New members and "Top Contributor" comments get mixed and we may miss important details.

I believe you can make another comment page where only "Ranked Member/Top Contributor" can comment and share their views.

Sorry for my bad English.
24. ipobazaar |   Link |  Bookmark | September 26, 2023 8:06:12 AM
Just a small question.

Is it advisable to apply for minimum lot in hni or the more lot you apply the chances will be the more in sme IPOs to get an allotment?
23. New Kid On The Block |   Link |  Bookmark | September 26, 2023 12:00:15 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Just checked GMP of Digikore, in the morning it was 170 and now around 120 after SEBI's restrictions on SMEs.... such useless joker we have in the name of regulator body....
23.1. Bhumika |   Link |  Bookmark | September 26, 2023 12:21:03 AM
What are the new SEBI's restrictions on SMEs?
23.2. IPO mining |   Link |  Bookmark | September 26, 2023 3:15:37 PM (200+ Posts)
Nil impact .. when supply is low then the prices will always become unrealistic due to demand
22. New Kid On The Block |   Link |  Bookmark | September 25, 2023 11:09:39 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
SEBI has approved ASM and T2T hunter on SMEs.... *weep*

https://www.moneycontrol.com/news/business/markets/sebi-extends-additional-surveillance-measure-trade-for-trade-settlement-to-sme-segment-11426621.html
21. PKRAJ |   Link |  Bookmark | September 25, 2023 5:30:49 PM
This sector is quite investors friendly at the moment. Past experience of last two have attracted the investors more and more. Financial of the company going high and high. PAT of 23-24 is likely to be beyond expectations on the basis of 1st quarter financials. Offer price on higher side due to the fancy sector. Promoters to take benefit.
Above all GMP running very high as good as 100%. Subscription figures on very first day is commendable. Members having sufficient funds will go full force. Luckiest to get allotment.
Listing wii take its own color.
Apply with full force. Wait for allotment with full force and listing will give gains with full force.
Apply and hope for the best.
21.1. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark | September 25, 2023 10:46:38 PM
Sir, your post has enhanced my confidence and applied in Retail Category from both of our accounts. Thank you very much.
20. json |   Link |  Bookmark | September 25, 2023 10:32:10 PM (200+ Posts)
it's getting hard to track IPOs currently. So requesting all dear members if there is any upcoming IPO with shareholder quota please mention it.
19. Always Be positive |   Link |  Bookmark | September 25, 2023 10:15:41 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
SEBI discussing ASM, T2T framework for SME stocks with NSE, BSE

19.3. NARESH ZALA |   Link |  Bookmark | September 27, 2023 12:05:59 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Please elaborate new rules
19.4. NeoLongus |   Link |  Bookmark | September 27, 2023 12:13:55 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Enhances credibility of the SME segment...great from a long term perspective!

Keep minting!
18. New Kid On The Block |   Link |  Bookmark | September 25, 2023 10:28:46 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Will Saarthi be able to handle this IPO with Beeline fumbling with much better Chavda and SEBI poking its ugly nose in SME segment?

Worries.... lots of worries....
17. AAvi |   Link |  Bookmark | September 25, 2023 6:22:06 PM
Respected Members
Request someone to please clarify one aspect (off topic).
Was holding 4000 shares of Varanium Cloud. Present market lot is 1000.
Received 400 right entitlement of Cloud today (ratio was 1:10).
If I buy these right entitlement myself then my total holding becomes 4400.
How do I sell in future as won't be able to sell 400.
Regards
17.1. json |   Link |  Bookmark | September 25, 2023 10:27:47 PM (200+ Posts)
Rikhav will buy odd lots.
16. Ankur Goel |   Link |  Bookmark | September 25, 2023 6:59:12 PM
IPO Guru IPO Guru (1300+ Posts, 600+ Likes)
It seems younger brother of basilic.
16.1. Cautious ProPrio |   Link |  Bookmark | September 25, 2023 7:29:47 PM
IPO Guru IPO Guru (2100+ Posts, 1200+ Likes)
Father 🤣
15. Sudy |   Link |  Bookmark | September 25, 2023 6:33:56 PM
Hi, all. There are a lot of messages regarding too many sme ipos simultaneously. But the subscription figures for most of the ipos are astonishing. Means people are liking sme ipos these days.
14. Logij Kumar |   Link |  Bookmark | September 25, 2023 5:40:12 PM
Applying SME now a days by Me:---
1. Everyday check bank balance.
- If balance is >150000- proceed further otherwise close the phone.
2. Check how many IPOs are open.
3. Check their GMP if it is >50% then proceed further otherwise close the phone.
4. Select the top IPO with GMP >50% and apply it.
5. Check allotment and regret being poor.

***I think 💭, people with money 💰 are in more distress nowaday- they are having decreasing valuation of previous portfolio. Still, they can apply each and every ipo and get allotment but market has become unpredictable.

Meanwhile, we are still praying as usual to get any allotment in highly subscribed IPOs.

Disclaimer- I will apply one lot here.
13. Cyclodium |   Link |  Bookmark | September 24, 2023 8:46:26 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
sebi should make a new rule that only 3 ipos can be be opened on the same day

anyways a thing to note that when so many ipos are openin many ood dark horses could be ignored so research every company and if ones finds great value he can buy after listing if not alloted
13.7. diwan kapoor |   Link |  Bookmark | September 25, 2023 8:59:43 PM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
@json.. I do agree with all the points raised by you..i also agree that neither the procedures are transparent nor the sebi is giving due attention to make the procedure more reliable and more transparent.. there is a lot of favouritism.. which we can see everywhere
These all practices are going on since the last many decades.. & since last 4 decades I myself is realising & witnessing all these practices.. After the abolition of CCA (Controller of capital issues).. the sebi do not care about the pricing of new ipo's
At last I hope for your good health & wealth.. be happy always 🌹
13.8. json |   Link |  Bookmark | September 25, 2023 9:32:05 PM (200+ Posts)
@diwan kapoor thank you sir for your well wishes. Hope for your good health & wealth too😊
12. Pratham T |   Link |  Bookmark | September 24, 2023 9:38:24 PM
I am applying my first SME IPO through HDFC Net Banking . In that form there is a facilitator code , what is this code ?
12.1. Cyberdude |   Link |  Bookmark | September 25, 2023 4:01:35 PM (300+ Posts)
you should keep it as blank
11. PKRAJ |   Link |  Bookmark | September 24, 2023 5:36:03 PM
Total of more than Rs. 4000crs IPOs and SMEs are in que during remaining week of this month. What to think and say about this, is very difficult.
One PSU OFS of SJVN also closed in last week. Such a great flow of funds. All going with great over subscription, except a few.
14 SMEs and 4 Main IPOs to enter in the market during next week. 4 already 🏃‍♂️ 🏃‍♀️. May come more any day.
During next six months many PSU OFS are expected to meet the budget estimates of 23-24.
We have to be very careful and witness the game of share market.
For small investors to take decision to subscribe any issue wii be very difficult. Need to be very careful. To use all the sources of information.
Don't run blindly. Keep patience and always play according to your appetite. Even if you have made money, don't waste them.
Only we are the best judge of ourselves.
11.1. diwan kapoor |   Link |  Bookmark | September 24, 2023 8:49:46 PM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
@PKRAJ.. Great advice Sir.. your experience is valuable for the all investors 🙏
10. New Kid On The Block |   Link |  Bookmark | September 24, 2023 3:17:08 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
So confused in which IPO to apply. Retail doesn't have that much money.

Then it is colliding with many reputed IPOs like Saakshi.... I'm sure everyone is bloody confused.....

Registrar record is also patchy but they have left something on the table but the shares on offer are just 12 lakhs!

Allotment is very difficult even for super lucky guys....

Kya karein....