Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Mon, Sep 25, 2023 - Wed, Sep 27, 2023
Digikore Studios IPO is a book build issue of ₹30.48 crores. The issue is a combination of fresh issue of 0.13 crore shares aggregating to ₹21.56 crores and offer for sale of 0.05 crore shares aggregating to ₹8.92 crores.
Digikore Studios IPO bidding started from Sep 25, 2023 and ended on Sep 27, 2023. The allotment for Digikore Studios IPO was finalized on Sep 29, 2023. The shares got listed on NSE SME on Oct 4, 2023.
Digikore Studios IPO price band is set at ₹171 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,36,800 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,73,600.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Digikore Studios IPO RHP for detailed Information.
IPO Open
Mon, Sep 25, 2023
IPO Close
Wed, Sep 27, 2023
Issue Price
₹171 per share
Market Cap (Pre-IPO)
₹108.29 Cr
| IPO Date | 25 to 27 Sep, 2023 |
| Listed on | Wed, Oct 4, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹168 to ₹171 |
| Issue Price | ₹171 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 17,82,400 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 1,78,400 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 10,82,400 shares (agg. up to ₹19 Cr) |
| Offer for Sale | 5,21,600 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 16,04,000 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 50,72,000 shares |
| Share Holding Post Issue | 63,32,800 shares |
| NSE Symbol | DIGIKORE |
| ISIN | INE0QJ901011 |
Digikore Studios IPO comprises a total issue size of 17,82,400 shares. The net offer to the public is 16,04,000 shares, after excluding 1,78,400 shares allotted on a firm basis. Of the Net offer 8,01,600 (49.98%) are allocated to QIB, 2,40,800 (15.01%) allocated to NII 5,61,600 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,01,600 | 49.98% | 44.97% |
| − Anchor Investor Shares Offered | 4,80,800 | 26.97% | |
| − QIB (Ex. Anchor) Shares Offered | 3,20,800 | 18.00% | |
| NII (HNI) Shares Offered | 2,40,800 | 15.01% | 13.51% |
| Retail Shares Offered | 5,61,600 | 35.01% | 31.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,78,400 | 10.01% | |
| Total Shares Offered | 17,82,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,36,800 |
| Retail (Max) | 1 | 800 | ₹1,36,800 |
| HNI (Min) | 2 | 1,600 | ₹2,73,600 |
Digikore Studios IPO raises ₹8.22 crore from anchor investors. Digikore Studios IPO Anchor bid date is September 22, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 22, 2023 |
| Shares Offered | 4,80,800 |
| Anchor Portion (₹ Cr.) | 8.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 28, 2023 |
Incorporated in 2000, Digikore Studios Limited is a visual effects studio that offers a full suite of visual effects services.
The company offers Visual Effects (VFX) services for Films, Web Series, TV Series, Documentaries, and Commercials. Some of the notable works of Digikore Studios include Thor: Love and Thunder, Black Panther: Wakanda Forever, Glass Onion: A Knives Out Mystery, Deadpool, Star Trek, Jumanji, Stranger Things, The Last Ship, Titanic, Gosht Rider: Spirit of Vengeance, Transformer: Age of Extinction, Crouching Tiger, Hidden Dragon: Sword of Destiny, etc.
Digikore Studios' clientele mainly comes from India, Australia, New Zealand, the US, and European markets.
The company recorded Rs. 3555.83 Lacs, Rs. 2488.39 Lacs, and Rs. 615.53 Lacs in Total Revenue in fiscal 2023, 2022, and 2021 respectively.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 25.19 | 19.32 | 8.25 | 7.98 |
| Total Income | 11.86 | 36.92 | 24.88 | 6.16 |
| Profit After Tax | 2.71 | 3.89 | 0.47 | 0.02 |
| NET Worth | 8.13 | 5.43 | 1.53 | 1.07 |
| Reserves and Surplus | 6.94 | 4.24 | 0.35 | -0.11 |
| Total Borrowing | 9.12 | 6.09 | 3.49 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirements | 16.96 |
| 2 | General Corporate Purposes | 2.60 |
| KPI | |
|---|---|
| ROE | 74.03% |
| ROCE | 92.23% |
| Debt/Equity | 1.03 |
| RoNW | 74.03% |
| PAT Margin | 12.30% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 36.95 | |
| P/E (x) | 4.63 | 9.99 |
| Promoter Holding | 93.38% | 66.55% |
| Market Cap | ₹108.29 Cr. |
The Digikore Studios IPO is subscribed 281.58 times on September 27, 2023 7:30:00 PM (Day 3). The public issue subscribed 370.17 times in the retail category, 65.63 times in the QIB category, and 362.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 65.63 | 3,20,800 | 2,10,52,800 |
| NII* | 362.65 | 2,40,800 | 8,73,27,200 |
| Retail | 370.17 | 5,61,600 | 20,78,85,600 |
| Total | 281.58 | 11,23,200 | 31,62,65,600 |
Total Application : 2,59,857
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including Underwriting Commission | 2.60 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 5 | Fees payable to Peer Review Auditor | 0.07 |
| 6 | Fees Payable to Market Maker | 0.05 |
| 7 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹171.00 |
| Open | ₹270.00 |
| Low | ₹270.00 |
| High | ₹283.50 |
| Last Trade | ₹283.50 |
Lead Manager Reports
Digikore Studios IPO is a SME IPO of 17,82,400 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹171 per share. The minimum order quantity is 800.
The IPO opens on Mon, Sep 25, 2023, and closes on Wed, Sep 27, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Digikore Studios IPO using UPI as a payment gateway. Zerodha customers can apply in Digikore Studios IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Digikore Studios IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Digikore Studios IPO opens on Mon, Sep 25, 2023 and closes on Wed, Sep 27, 2023.
Digikore Studios IPO lot size is 800, and the minimum amount required for application is ₹1,36,800.
You can apply in Digikore Studios IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Digikore Studios IPO will be done on Friday, September 29, 2023, and the allotted shares will be credited to your demat account by Tue, Oct 3, 2023. Check the Digikore Studios IPO allotment status.
The Digikore Studios IPO listing date is on Wed, Oct 4, 2023.
