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Digikore Studios Ltd. IPO Details

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Digikore Studios, founded on July 25, 2000, specializes in cost-effective visual effects (VFX) for a wide array of projects, including films, web and TV series, documentaries, and commercials

Bidding Dates
25 Sep 2023 - 27 Sep 2023
Subscription
243.12x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹1,36,800118001.8 M₹168 - ₹17171.85 %₹299.4 M - ₹304.8 MRHP DOC

Digikore Studios IPO SUBSCRIPTION STATUS

27 Sep '23
Total243.12x
Retail Individual Investor456.33x
HNI (NII) Investors448.2x
Qualified Institutional Buyers32.35x

Digikore Studios IPO overall subscription rate was 243.12 times the total available shares

Digikore Studios IPO retail subscription rate was 456.33 times in the retail segment

Digikore Studios IPO non-institutional investor subscription rate was 448.2 times in the non-institutional investor category

Digikore Studios IPO Qualified Institutional Bidder subscription rate was 32.35 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
27 Sep 2023
(Day 3)
456.33x448.2x32.35x
26 Sep 2023
(Day 2)
157.49x57.39x3.73x
25 Sep 2023
(Day 1)
40.35x19.43x3.49x

Digikore Studios FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
Q1FY24 28.0 118.3 -21.4 -26.6 37.2%
FY23 43.7 344.4 12.3 -18.7 21.0%
FY22 4.7 248.8 41.7 18.8 9.5%
FY21 0.2 48.7 18.7 17.7 16.5%

Digikore Studios IPO SUBSCRIPTION STATUS DETAILS

Digikore Studios had 1.8 M shares on offer

Digikore Studios IPO offer price was in the range ₹168 - ₹171

Digikore Studios IPO minimum Investment was ₹136800

Digikore Studios IPO issue size was ₹ 299.4 M - ₹ 304.8 M

Digikore Studios had a minimum lot size of 800 Shares per application

Digikore Studios NUMBER OF SHARES ON OFFER

Total1.8 M
Fresh Issue1.3 M
Offer for Sale521.6 K
Post Issue Promoter Holding %71.85 %

Digikore Studios IPO IMPORTANT DATES

Issue Open Date25 Sep 2023
Issue close Date27 Sep 2023
Allotment Date29 Sep 2023
Refund Date03 Oct 2023
Demat Account Credit Date03 Oct 2023
Listing Date04 Oct 2023
Listing on Exchange(s)NSE
Digikore Studios Allotment StatusExchange

Digikore Studios IPO subscription opened on 25 Sep 2023, and closed on 27 Sep 2023

IPO allotment for Digikore Studios was finalized on Friday, 29 Sep 2023

IPO listing for Digikore Studios was on NSE on Wednesday, 04 Oct 2023

Digikore Studios IPO LISTING GAINS

Issue Price (adjusted)85.5
Listing Open Price270.0
Listing Close Price283.5
Listing Gain%57.9%
Current Gain%-52.6%

Digikore Studios Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Digikore Studios Ltd.40.525.64.100.426.510.970.991.512.6275.410-187.7
Prime Focus Ltd.269.620995.7139.10.84.314.42.84783.425301.4179.91.9177
PVR INOX Ltd.1168.111470.725.80.11.74.52.16903.916333.6219.345.3387
Saregama India Ltd.523.910101.345.85.69.712.28.91026.9-16.5207.11.411.48.2
Tips Music Ltd.674.38619.740.21.521.983.459.9394.319.6216.730.116.827.1
Panorama Studios International Ltd.461141.982-1.23.74.51.2317.4-13.910-76.20.6-66

Digikore Studios INFORMATION ON IPO ISSUE

About Digikore Studios

Digikore Studios, founded on July 25, 2000, specializes in cost-effective visual effects (VFX) for a wide array of projects, including films, web and TV series, documentaries, and commercials

Object of the Issue

  1. Funding working capital requirements
  2. General corporate purposes
  3. Offer expenses

Digikore Studios - PROMOTERS

Name
Abhishek Rameshkumar More
Shree M P J Cement Works LLP

Digikore Studios Lead Manager To The Issue

Sarthi Capital Advisors Private Limited

compliance@sarthiwm.in

Digikore Studios Registrar to the issue

Bigshare Services Private Limited

ipo@bigshareonline.com

Digikore Studios Strengths

Among the first studios

The company is one of the pioneering VFX studios in India, boasting a team of highly trained professionals and strong management

Strength

Strong brand equity

The company enjoys strong global brand equity in the VFX industry, bolstered by deep connections within the sector worldwide

Strength

Digikore Studios Risks

Dependent on few customers

The majority of revenues for FY23, FY22, and FY21 came from the company's top 10 customers

Risk

Evolving and competitive industry

The company operates in the fast-paced and competitive VFX market, where client preferences and behaviors are constantly evolving

Risk

IPO FAQs

  • Digikore Studios Ltd. IPO listing opened at Rs 270.00 while the issue price was Rs 171.00 giving 57.89% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 85.50 giving -52.63% gains since its IPO listing.

  • This IPO consists of an offer for sale of up to Rs 8.9 crore, of 521,600 shares. It also consists of a fresh issue of Rs 21.6 crore.

  • The promoters of the company are Abhishek Rameshkumar More and Shree M P J Cement Works LLP.

  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.

  • The price band of the IPO is Rs 168.0 - 171.0.

  • The IPO application opens on Sep 25, 2023 and closes on Sep 27, 2023.

  • The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.

  • For all category investors, the minimum application amount for this IPO is Rs. 136,800.0, the maximum value for this IPO is Rs 136,800.0.

  • This IPO will be allotted on Sep 29, 2023.

  • The refund will be credited to your account on Oct 03, 2023.

  • The allotted shares will be credited to your demat on Oct 03, 2023.

  • Digikore Studios Ltd.’s shares listed on the stock exchanges on Oct 04, 2023.