Listing Details
- Listing Exchange NSE SME
- Listing Date 04-Oct-23
- IPO Price Range ₹ 168
- Listing Price ₹ 270
- Listing Change 60.7%
- Last Traded Price ₹ 330
- Current Change 96.4%
Digikore Studios IPO Details
- Open Date 25-Sep-23
- Close Date 27-Sep-23
- Lot Size 800
- IPO Size ₹ 29.94 - 30.48 Cr
- IPO Price Range ₹ 168
- Min Investment ₹ 134400
- Listing Exchange NSE SME
- Basis of Allotment 29-Sep-23
- Refunds 03-Oct-23
- Credit to Demat Account 03-Sep-23
- Listing Date 04-Sep-23
Digikore Studios IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Sep-23 | 7.09 | 15.88 | 34.13 | 22.50 |
| 26-Sep-23 | 7.56 | 45.91 | 129.76 | 76.89 |
| 27-Sep-23 | 65.63 | 362.63 | 370.15 | 281.56 |
Digikore Studios IPO Synopsis
Digikore Studios Limited IPO is all set to open from 25th September to 27th September 2023. The company operates as a visual effects studio and provides a full suite of visual effects services. The IPO includes a fresh issue of 1,260,800 shares worth ₹21.56 cr and an OFS of 521,600 worth ₹8.92 cr. The total IPO size is ₹30.48 cr. The share allotment date is 29th September, and the IPO will be listed on 4th October, on the stock exchanges. The price band is ₹168 to ₹178 per share and the lot size is 800 shares.
Sarthi Capital Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of the Issue
Digikore Studios plans to utilize the raised capital from the IPO to:
• For working capital requirements.
• General corporate purpose.
• To fund public issue expenses.
About Digikore Studios
Established in 2000, Digikore Studios operates as a visual effects (VFX) studio and provides a full suite of visual effects services. The company specializes in providing VFX services across various media formats such as films, web series, TV series, documentaries, and commercials.
Digikore Studios’ portfolio includes popular projects like Thor: Love and Thunder, Black Panther: Wakanda Forever, Glass Onion: A Knives Out Mystery, Deadpool, Star Trek, Jumanji, Stranger Things, The Last Ship, Titanic, Ghost Rider: Spirit of Vengeance, Transformers: Age of Extinction, Crouching Tiger, Hidden Dragon: Sword of Destiny, and more.
Digikore Studios also has a diverse clientele in India as well as in Australia, New Zealand, the US, and Europe.
Peer Comparison
• Phantom Digital Effects Limited
• Prime Focus Limited
Digikore Studios Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 34.44 | 24.88 | 4.87 |
| EBITDA | 7.48 | 2.36 | 1.02 |
| PAT | 4.37 | 0.47 | 0.018 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 19.12 | 8.25 | 7.98 |
| Share Capital | 1.18 | 1.18 | 1.18 |
| Total Borrowings | 13.22 | 6.72 | 6.91 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.23 | 4.17 | 1.87 |
| Net cash from / (used in) investing activities | -3.10 | -2.29 | -1.51 |
| Net cash flow from / (used in) financing activities | 1.87 | -1.89 | -0.35 |
| Net increase (decrease) in cash and cash equivalents | 0.0002 | -0.014 | 0.0011 |
Digikore Studios IPO Key Points
-
Strengths
1. Strong Brand Equity in the VFX industry Worldwide.
2. Solid Management Team.
3. Among the first few VFX studios in India.
4. Deep connections in the Industry Worldwide.
5. Highly trained professionals.
6. Strict quality control in the production process. -
Risks
1. A major portion of the revenue generated from the operation is through exports, any change in the government laws or policies may affect the business.
2. Operates in the constantly evolving VFX market, which is subject to rapidly changing client’s behavior and tastes.
3. Intensified competition may restrict the company’s ability to access content and/or talent.
4. Substantial working capital requirements.
5. Negative cash flows in the past.
6. Operate in a very sensitive industry.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
Be a part of the 5paisa community - the first listed discount broker of India
Digikore Studios IPO FAQs
What is the minimum lot size and investment required for the Digikore Studios IPO?
The minimum lot size of Digikore Studios IPO is 800 shares and the investment required is ₹134,400.
What is the price band of Digikore Studios IPO?
The price band for Digikore Studios IPO is ₹168 to ₹178 per share.
When does the Digikore Studios IPO issue open and close?
Digikore Studios IPO opens from 25th September to 27th September 2023.
What is the size of the Digikore Studios IPO issue?
The Digikore Studios IPO size is ₹30.48 cr.
What is the allotment date of the Digikore Studios IPO?
The share allotment date of Digikore Studios is 29th September 2023.
What is the Digikore Studios IPO listing date?
The Digikore Studios IPO will be listed on 4th October 2023.
Who are the book runners for the Digikore Studios IPO?
Sarthi Capital Advisors Private Limited is the book-running lead manager for Digikore Studios IPO.
What is the objective of Digikore Studios IPO?
Digikore Studios plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purpose.
3. To fund public issue expenses.
How to apply for the Digikore Studios IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Digikore Studios IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
Contact Details of Digikore Studios IPO
Contact Information
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Digikore Studios IPO Lead Manager
Sarthi Capital Advisors Private Limited