The Digikore Studios Limited IPO is a book-built offering aiming to raise Rs 30.48 crores. It consists of a combination of a fresh issue of 12.61 lakh shares, amounting to Rs 21.56 crores, and an offer for sale of 5.22 lakh shares, totaling Rs 8.92 crores.
Here are the key IPO details:
- Subscription Period: The Digikore Studios IPO subscription period is from September 25, 2023, to September 27, 2023.
- Allotment Date: The allotment for the Digikore Studios IPO is expected to be finalized on Tuesday, October 3, 2023.
- Listing Date: The shares from the Digikore Studios IPO will be listed on NSE SME, with a tentative listing date set as Friday, October 6, 2023.
- Price Band: The price band for the Digikore Studios IPO is in the range of ₹168 to ₹171 per share.
- Lot Size: The minimum lot size for an application is 800 shares.
- Minimum Investment: Retail investors need a minimum investment of ₹136,800 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, equivalent to 1,600 shares, totaling ₹273,600.
- Key Players: Sarthi Capital Advisors Private Limited serves as the book running lead manager for the Digikore Studios IPO, with Bigshare Services Pvt Ltd acting as the registrar for the issue. The market maker for the Digikore Studios IPO is Gretex Share Broking.
For more comprehensive information, prospective investors are encouraged to review the Digikore Studios IPO Red Herring Prospectus (RHP). These details offer valuable insights for investors considering participation in the Digikore Studios IPO.
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 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 | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 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 IPO #
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 | 825.18 | 1,932.42 | ||
| Revenue | 615.53 | 2,488.39 | 3,692.38 | 1,182.99 |
| Profit After Tax | 1.80 | 46.54 | 389.17 | 279.65 |
| Net Worth | 106.94 | 153.48 | 542.66 | 870.59 |
| Reserves and Surplus | -11.46 | 35.08 | 424.26 | 752.19 |
| Total Borrowing | 349.46 | 608.55 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| ROE | 74.03% |
| ROCE | 92.23% |
| Debt/Equity | 1.03 |
| EPS (Rs) | 36.95 |
| RoNW | 74.03% |
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 Prospectus #
Digikore Studios IPO Contact Details #
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 #
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Digikore Studios IPO Lead Manager(s) #
FAQs #
What is the total issue size of the Digikore Studios IPO? #
The Digikore Studios IPO aims to raise ₹30.48 crores through a combination of a fresh issue of 12.61 lakh shares, amounting to ₹21.56 crores, and an offer for sale of 5.22 lakh shares, totaling ₹8.92 crores.
When is the subscription period for the Digikore Studios IPO? #
The subscription period for the Digikore Studios IPO is from September 25, 2023, to September 27, 2023.
When will the allotment for the Digikore Studios IPO be finalized? #
The allotment for the Digikore Studios IPO is expected to be finalized on Tuesday, October 3, 2023.
When is the listing date for shares from the Digikore Studios IPO?The shares from the Digikore Studios IPO are tentatively scheduled to list on NSE SME on Friday, October 6, 2023.
What is the price band for the Digikore Studios IPO? #
The price band for the Digikore Studios IPO is in the range of ₹168 to ₹171 per share.
What is the minimum lot size for an application in the Digikore Studios IPO? #
The minimum lot size for an application in the Digikore Studios IPO is 800 shares.
What is the minimum investment required for retail investors and HNIs to participate in the Digikore Studios IPO? #
Retail investors need a minimum investment of ₹136,800 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, equivalent to 1,600 shares, totaling ₹273,600.
Who are the key players involved in the Digikore Studios IPO? #
Sarthi Capital Advisors Private Limited serves as the book running lead manager for the Digikore Studios IPO, with Bigshare Services Pvt Ltd acting as the registrar for the issue. Gretex Share Broking is the market maker for the Digikore Studios IPO.
Who are the promoters of Digikore Studios Limited? #
Mr. Abhishek Rameshkumar More and M/s. Shree M P J Cement Works LLP are the promoters of the company.
What are the key financial indicators of Digikore Studios Limited as of June 30, 2023? #
Return on Equity (ROE): 74.03%
Return on Capital Employed (ROCE): 92.23%
Debt/Equity Ratio: 1.03
Earnings Per Share (EPS): ₹36.95
Return on Net Worth (RoNW): 74.03%
What are the objectives of the Digikore Studios IPO? #
The company intends to utilize the net proceeds from the issue for the following purposes:
Funding Working Capital requirements.
General Corporate Purposes.
Offer Expenses.
