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Digikore Studios IPO is a book built issue of Rs 30.48 crores. The issue is a combination of fresh issue of 12.61 lakh shares aggregating to Rs 21.56 crores and offer for sale of 5.22 lakh shares aggregating to Rs 8.92 crores.
Digikore Studios IPO bidding started from September 25, 2023 and ended on September 27, 2023. The allotment for Digikore Studios IPO was finalized on Friday, September 29, 2023. The shares got listed on NSE SME on October 4, 2023.
Digikore Studios IPO price band is set at ₹168 to ₹171 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹273,600.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Digikore Studios IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Digikore Studios IPO is Gretex Share Broking.
Refer to Digikore Studios IPO RHP for detailed information.
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | October 4, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹168 to ₹171 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,782,400 shares (aggregating up to ₹30.48 Cr) |
| Fresh Issue | 1,260,800 shares (aggregating up to ₹21.56 Cr) |
| Offer for Sale | 521,600 shares of ₹10 (aggregating up to ₹8.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,072,000 |
| Share holding post issue | 6,332,800 |
| Market Maker portion | 178,400 shares Gretex Share Broking |
Digikore Studios IPO offers 1,782,400 shares. 320,800 (18.00%) to QIB, 240,800 (13.51%) to NII, 561,600 (31.51%) to RII 480,800 (26.97%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 480,800 (26.97%) |
| Market Maker Shares Offered | 178,400 (10.01%) |
| QIB Shares Offered | 320,800 (18.00%) |
| NII (HNI) Shares Offered | 240,800 (13.51%) |
| Retail Shares Offered | 561,600 (31.51%) |
| Total Shares Offered | 1,782,400 (100%) |
Digikore Studios IPO raises Rs 8.22 crore from anchor investors. Digikore Studios IPO Anchor bid date is September 22, 2023. Digikore Studios IPO Anchor Investors list
| Bid Date | September 22, 2023 |
| Shares Offered | 480,800 |
| Anchor Portion Size (In Cr.) | 8.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 28, 2023 |
Digikore Studios IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Friday, September 29, 2023 |
| Initiation of Refunds | Tuesday, October 3, 2023 |
| Credit of Shares to Demat | Tuesday, October 3, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,800 |
| Retail (Max) | 1 | 800 | ₹136,800 |
| HNI (Min) | 2 | 1,600 | ₹273,600 |
| Lot Size Calculator | |||
Promoters of the company are Mr. Abhishek Rameshkumar More and M/s. Shree M P J Cement Works LLP.
| Share Holding Pre Issue | 93.38% |
| Share Holding Post Issue | 66.55% |
Incorporated in 2000, Digikore Studios Limited is a visual effects studio that offers a full suite of visual effects services.
The company offers Visual Effects (VFX) services for Films, Web Series, TV Series, Documentaries, and Commercials. Some of the notable works of Digikore Studios include Thor: Love and Thunder, Black Panther: Wakanda Forever, Glass Onion: A Knives Out Mystery, Deadpool, Star Trek, Jumanji, Stranger Things, The Last Ship, Titanic, Gosht Rider: Spirit of Vengeance, Transformer: Age of Extinction, Crouching Tiger, Hidden Dragon: Sword of Destiny, etc.
Digikore Studios' clientele mainly comes from India, Australia, New Zealand, the US, and European markets.
The company recorded Rs. 3555.83 Lacs, Rs. 2488.39 Lacs, and Rs. 615.53 Lacs in Total Revenue in fiscal 2023, 2022, and 2021 respectively.
| 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 |
The market capitalization of Digikore Studios IPO is Rs 108.29 Cr.
| KPI | Values |
|---|---|
| ROE | 74.03% |
| ROCE | 92.23% |
| Debt/Equity | 1.03 |
| RoNW | 74.03% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 36.95 | |
| P/E (x) | 4.63 | 9.99 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] DSL is one of the leading players in the VFX segment with international and domestic services. It has posted steady growth in its top and bottom lines. Based on annualized FY24 earnings, the issue appears reasonably priced. Investors may park funds for short to long-term rewards. Read detail review...
The Digikore Studios IPO is subscribed 281.58 times on September 27, 2023 7:30:00 PM. The public issue subscribed 370.17 times in the retail category, 65.63 times in the QIB category, and 362.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 65.63 |
| NII | 362.65 |
| Retail | 370.17 |
| Total | 281.58 |
Total Application : 259,857 (370.17 times)
| Listing Date | October 4, 2023 |
| BSE Script Code | |
| NSE Symbol | DIGIKORE |
| ISIN | INE0QJ901011 |
| Final Issue Price | ₹171 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹171.00 |
| ₹270.00 |
| ₹270.00 |
| ₹283.50 |
| ₹283.50 |
Digikore Studios Limited
C/o Poona Bottling Company Private Limited.,
410/1, 411/2, Mumbai Pune Road,
Dapodi, Pune - 411012
Phone: 020-35553555
Email: cs@digikore.com
Website: https://digikorevfx.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Digikore Studios IPO is a SME IPO of 1,782,400 equity shares of the face value of ₹10 aggregating up to ₹30.48 Crores. The issue is priced at ₹168 to ₹171 per share. The minimum order quantity is 800 Shares.
The IPO opens on September 25, 2023, and closes on September 27, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Digikore Studios IPO using UPI as a payment gateway. Zerodha customers can apply in Digikore Studios IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Digikore Studios IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Digikore Studios IPO opens on September 25, 2023 and closes on September 27, 2023.
Digikore Studios IPO lot size is 800 Shares, and the minimum amount required is ₹136,800.
You can apply in Digikore Studios IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Digikore Studios IPO will be done on Friday, September 29, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 3, 2023. Check the Digikore Studios IPO allotment status.
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Disclaimer I am holding 1 lot and my comments might be biased.