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Digikore Studios IPO vs Madhusudan Masala IPO

Comparison between Digikore Studios IPO and Madhusudan Masala IPO.

IPO Details

Digikore Studios IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Madhusudan Masala IPO is a SME Bookbuilding proposed to list at NSE SME.

 Digikore Studios IPOMadhusudan Masala IPO
LogoDigikore Studios IPO LogoMadhusudan Masala IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSarthi Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Digikore Studios IPO is up to ₹27.43 Cr whereas the issue size of the Madhusudan Masala IPO is up to ₹22.60 Cr. The final issue price of Digikore Studios IPO is ₹171.00 per share and of Madhusudan Masala IPO is ₹70.00 per share.

 Digikore Studios IPOMadhusudan Masala IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹168.00 per share₹66.00 per share
Issue Price (Upper)₹171.00 per share₹70.00 per share
Issue Price (Final)₹171.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size10,82,400 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹18.51 Crup to ₹22.60 Cr
OFS Issue Size5,21,600 shares0 shares
OFS Issue Size (Amount)up to ₹8.92 Crup to ₹0.00 Cr
Issue Size Total16,04,000 shares32,28,000 shares
Issue Size Total (Amount)up to ₹27.43 Crup to ₹22.60 Cr

IPO Timetable

Digikore Studios IPO opens on Sep 25, 2023, while Madhusudan Masala IPO opens on Sep 18, 2023. The closing date of Digikore Studios IPO and Madhusudan Masala IPO is Sep 27, 2023, and Sep 21, 2023, respectively.

 Digikore Studios IPOMadhusudan Masala IPO
Anchor Bid DateSep 22, 2023Sep 15, 2023
Issue OpenSep 25, 2023Sep 18, 2023
Issue CloseSep 27, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 29, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Oct 03, 2023Sep 27, 2023
Credit of Share (Tentative)Oct 03, 2023Sep 29, 2023
Listing date (Tentative)Oct 04, 2023Sep 26, 2023
Anchor Lockin End date 1Oct 29, 2023Oct 26, 2023
Anchor Lockin End date 2Dec 28, 2023Dec 25, 2023

Financials & KPIs

Digikore Studios IPO P/E ratio is 4.63, as compared to Madhusudan Masala IPO P/E ratio of 10.08.

 Digikore Studios IPOMadhusudan Masala IPO
Financials
Digikore Studios IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 202330 Jun 2023
Assets797.83825.241,932.412,518.83
Total Income615.532,488.393,692.381,186.49
Profit After Tax1.8046.54389.17270.89
Net Worth106.94153.48542.66813.30
Reserves and Surplus-11.4635.08424.26694.30
Total Borrowing349.46608.55912.25
Amount in ₹ Lakhs
Madhusudan Masala IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,599.903,514.295,736.52
Total Income6,875.186,651.8112,750.57
Profit After Tax44.9881.29575.89
Net Worth1,094.0931.071,099.10
Reserves and Surplus30.07599.10
Total Borrowing966.402,819.534,217.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)93.38100.00
Promoter Shareholding (Post-Issue)66.5573.64
P/E Ratio4.6310.08
Market Cap₹108.29 Cr.₹90.30 Cr.
ROE74.03%101.91%
ROCE92.23%20.08%
Debt/Equity1.033.84
EPS₹36.95₹6.94
RoNW74.03%52.40%

Shares Offered

In the Digikore Studios IPO Retail Individual Investors (RII) are offered 5,61,600 shares while in Madhusudan Masala IPO retail investors are offered 5,61,600 shares. Qualified Institutional Buyers (QIB) are offered 3,20,800 shares in Digikore Studios IPO and 6,46,000 shares in Madhusudan Masala IPO.

 Digikore Studios IPOMadhusudan Masala IPO
Anchor Investor Reserveration4,80,800 shares9,66,000 shares
Market Maker Reserveration1,78,400 shares1,72,000 shares
QIB3,20,800 shares6,46,000 shares
NII2,40,800 shares4,86,000 shares
RII5,61,600 shares11,30,000 shares
Employee
Others
Total16,04,000 shares32,28,000 shares

Bids Received (Subscription)

Digikore Studios IPO subscribed 281.58x in total, whereas Madhusudan Masala IPO subscribed 444.27x.

 Digikore Studios IPOMadhusudan Masala IPO
QIB (times)65.63x86.91x
NII (times)362.65x574.08x
Big NII (times)
Small NII (times)
RII (times)370.17x592.73x
Employee (times)
Other (times)
Total (times)281.58x444.27x