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 opens for subscription on September 25, 2023 and closes on September 27, 2023. The allotment for the Digikore Studios IPO is expected to be finalized on Friday, September 29, 2023. Digikore Studios IPO will list on NSE SME with tentative listing date fixed as Wednesday, 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.
Digikore Studios IPO Details
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | [.] |
| 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 Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Digikore Studios IPO Anchor Investors Details
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 | 480800 |
| Anchor Portion Size (In Cr.) | 8.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 15, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 9, 2024 |
Digikore Studios IPO Timeline (Tentative Schedule)
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 |
Digikore Studios IPO Lot Size
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 |
Digikore Studios IPO Promoter Holding
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% |
About Digikore Studios Limited
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.
Company Financials
| 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
Key Performance Indicator
Digikore Studios IPO Market Cap is Rs 108.29 Cr and P/E (x) is 4.63.
| KPI | Values |
|---|---|
| P/E (x) | 4.63 |
| Post P/E (x) | 9.99 |
| Market Cap (₹ Cr.) | 108.29 |
| ROE | 74.03% |
| ROCE | 92.23% |
| Debt/Equity | 1.03 |
| EPS (Rs) | 36.95 |
| RoNW | 74.03% |
Check Digikore Studios IPO Peer Comparison here.
Objects of the Issue (Digikore Studios IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding Working Capital requirements,
- General Corporate Purposes, and
- Offer Expenses.
Digikore Studios IPO Review (Apply)
[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…
Digikore Studios IPO Prospectus
Digikore Studios IPO Contact Details
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/
Digikore Studios IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html