Digikore Studios IPO vs Hi-Green Carbon IPO

Comparison between Digikore Studios IPO and Hi-Green Carbon IPO.

IPO Details

Digikore Studios IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Hi-Green Carbon IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Digikore Studios IPO is up to ₹27.43 Cr whereas the issue size of the Hi-Green Carbon IPO is up to ₹49.64 Cr. The final issue price of Digikore Studios IPO is ₹171.00 per share and of Hi-Green Carbon IPO is ₹75.00 per share.

 Digikore Studios IPOHi-Green Carbon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹168.00 per share₹71.00 per share
Issue Price (Upper)₹171.00 per share₹75.00 per share
Issue Price (Final)₹171.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares1600 shares
Fresh Issue Size10,82,400 shares55,69,200 shares
Fresh Issue Size (Amount)up to ₹18.51 Crup to ₹41.77 Cr
OFS Issue Size5,21,600 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹8.92 Crup to ₹7.88 Cr
Issue Size Total16,04,000 shares66,19,200 shares
Issue Size Total (Amount)up to ₹27.43 Crup to ₹49.64 Cr

IPO Timetable

Digikore Studios IPO opens on Sep 25, 2023, while Hi-Green Carbon IPO opens on Sep 21, 2023. The closing date of Digikore Studios IPO and Hi-Green Carbon IPO is Sep 27, 2023, and Sep 25, 2023, respectively.

 Digikore Studios IPOHi-Green Carbon IPO
Anchor Bid DateSep 22, 2023Sep 20, 2023
Issue OpenSep 25, 2023Sep 21, 2023
Issue CloseSep 27, 2023Sep 25, 2023
Basis Of Allotment (Tentative)Sep 29, 2023Sep 28, 2023
Initiation of Refunds (Tentative)Oct 03, 2023Sep 29, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 03, 2023
Listing date (Tentative)Oct 04, 2023Sep 28, 2023
Anchor Lockin End date 1Oct 29, 2023Oct 28, 2023
Anchor Lockin End date 2Dec 28, 2023Dec 27, 2023

Financials & KPIs

Digikore Studios IPO P/E ratio is 4.63, as compared to Hi-Green Carbon IPO P/E ratio of 13.13.

 Digikore Studios IPOHi-Green Carbon IPO
Financials

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

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets43.8834.2433.11
Total Income79.0451.1424.29
Profit After Tax10.853.680.10
NET Worth22.5911.748.06
Reserves and Surplus3.59-7.26-10.94
Total Borrowing13.6215.8717.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.38100.00
Promoter Shareholding (Post-Issue)66.5571.83
P/E Ratio4.6313.13
Market Cap₹108.29 Cr.₹187.43 Cr.
ROE74.03%63.19%
ROCE92.23%64.70%
Debt/Equity1.030.60
EPS₹36.95₹5.71
RoNW74.03%48.02%

Shares Offered

In the Digikore Studios IPO Retail Individual Investors (RII) are offered 5,61,600 shares while in Hi-Green Carbon IPO retail investors are offered 5,61,600 shares. Qualified Institutional Buyers (QIB) are offered 3,20,800 shares in Digikore Studios IPO and 13,23,200 shares in Hi-Green Carbon IPO.

 Digikore Studios IPOHi-Green Carbon IPO
Anchor Investor Reservation4,80,800 shares19,84,000 shares
Market Maker Reservation1,78,400 shares4,20,800 shares
QIB3,20,800 shares13,23,200 shares
NII2,40,800 shares9,95,200 shares
RII5,61,600 shares23,16,800 shares
Employee
Others
Total16,04,000 shares66,19,200 shares

Bids Received (Subscription)

Digikore Studios IPO subscribed 281.58x in total, whereas Hi-Green Carbon IPO subscribed 168.92x.

 Digikore Studios IPOHi-Green Carbon IPO
QIB (times)65.63x69.95x
NII (times)362.65x236.76x
Big NII (times)
Small NII (times)
RII (times)370.17x196.35x
Employee (times)
Other (times)
Total (times)281.58x168.92x

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