Chavda Infra IPO vs Digikore Studios IPO

Comparison between Chavda Infra IPO and Digikore Studios IPO.

IPO Details

Chavda Infra IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Digikore Studios IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Chavda Infra IPO is up to ₹41.08 Cr whereas the issue size of the Digikore Studios IPO is up to ₹27.43 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Digikore Studios IPO is ₹171.00 per share.

 Chavda Infra IPODigikore Studios IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share₹168.00 per share
Issue Price (Upper)₹65.00 per share₹171.00 per share
Issue Price (Final)₹65.00 per share₹171.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares800 shares
Fresh Issue Size63,20,000 shares10,82,400 shares
Fresh Issue Size (Amount)up to ₹41.08 Crup to ₹18.51 Cr
OFS Issue Size0 shares5,21,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹8.92 Cr
Issue Size Total63,20,000 shares16,04,000 shares
Issue Size Total (Amount)up to ₹41.08 Crup to ₹27.43 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Digikore Studios IPO opens on Sep 25, 2023. The closing date of Chavda Infra IPO and Digikore Studios IPO is Sep 14, 2023, and Sep 27, 2023, respectively.

 Chavda Infra IPODigikore Studios IPO
Anchor Bid DateSep 11, 2023Sep 22, 2023
Issue OpenSep 12, 2023Sep 25, 2023
Issue CloseSep 14, 2023Sep 27, 2023
Basis Of Allotment (Tentative)Sep 20, 2023Sep 29, 2023
Initiation of Refunds (Tentative)Sep 21, 2023Oct 03, 2023
Credit of Share (Tentative)Sep 22, 2023Oct 03, 2023
Listing date (Tentative)Sep 25, 2023Oct 04, 2023
Anchor Lockin End date 1Oct 20, 2023Oct 29, 2023
Anchor Lockin End date 2Dec 19, 2023Dec 28, 2023

Financials & KPIs

Chavda Infra IPO P/E ratio is 9.72, as compared to Digikore Studios IPO P/E ratio of 4.63.

 Chavda Infra IPODigikore Studios IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets154.24108.8186.68
Total Income162.03109.8891.31
Profit After Tax12.055.214.44
NET Worth30.4018.3613.14
Reserves and Surplus12.4016.8611.64
Total Borrowing53.2949.9333.30
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets25.1919.328.257.98
Total Income11.8636.9224.886.16
Profit After Tax2.713.890.470.02
NET Worth8.135.431.531.07
Reserves and Surplus6.944.240.35-0.11
Total Borrowing9.126.093.49
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0093.38
Promoter Shareholding (Post-Issue)7366.55
P/E Ratio9.724.63
Market Cap₹160.26 Cr.₹108.29 Cr.
ROE49.41%74.03%
ROCE43.62%92.23%
Debt/Equity1.751.03
EPS₹6.69₹36.95
RoNW39.62%74.03%

Shares Offered

In the Chavda Infra IPO Retail Individual Investors (RII) are offered 22,12,000 shares while in Digikore Studios IPO retail investors are offered 22,12,000 shares. Qualified Institutional Buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and 3,20,800 shares in Digikore Studios IPO.

 Chavda Infra IPODigikore Studios IPO
Anchor Investor Reservation18,96,000 shares4,80,800 shares
Market Maker Reservation3,36,000 shares1,78,400 shares
QIB12,64,000 shares3,20,800 shares
NII9,48,000 shares2,40,800 shares
RII22,12,000 shares5,61,600 shares
Employee
Others
Total63,20,000 shares16,04,000 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Digikore Studios IPO subscribed 281.58x.

 Chavda Infra IPODigikore Studios IPO
QIB (times)95.10x65.63x
NII (times)241.96x362.65x
Big NII (times)
Small NII (times)
RII (times)202.07x370.17x
Employee (times)
Other (times)
Total (times)180.06x281.58x

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