Digikore Studios IPO will open for subscription from 25 September 2023. The company aims for an issue size of ₹30.48 Cr through this IPO.
Company Overview
| Full name | Digikore Studios Limited |
| Sector | Media & Entertainment |
| Industry | Film Production, Distribution & Entertainment |
| Company Website | https://digikorevfx.com/ |
About Company
Incorporated in 2000, Digikore Studios Limited serves as a hub for top-tier industry talent. Having a production facility in India, the company specializes in delivering Visual Effects (VFX) for a diverse range of projects such as Films, Web Series, TV Series, Documentaries, and Commercials, all while maintaining a strong emphasis on cost-effectiveness.
Digikore Studios an extensive work portfolio of many Films, TV Series and projects like “Thor: Love and Thunder,” “Black Panther: Wakanda Forever,” “Glass Onion: A Knives Out Mystery,” “Deadpool,” “Star Trek,” “Jumanji,” “Stranger Things,” “The Last Ship,” “Titanic,” “Ghost Rider: Spirit of Vengeance,” “Transformer: Age of Extinction,” and “Crouching Tiger, Hidden Dragon: Sword of Destiny.”
As a TPN-audited VFX studio, the company offers a comprehensive suite of visual effects services, overseen by its experienced production team. With the combination of the latest software, hardware, and proprietary tools to produce exceptional VFX, the company is capable of delivering some of the most prominent Films, Web Series, and TV Series. They have also worked on projects from production houses like Disney/Marvel, Netflix, Amazon, Apple, Paramount, Warner Bros., and Lions Gate.
The Objectives of the Issue
- Funding Working Capital requirements,
- General Corporate Purposes,
- Offer Expenses.
IPO Timetable
| IPO Opening date | 25 September 2023 |
| IPO Closing | 27 September 2023 |
| Basis of Allotment | 29 September 2023 |
| Initiation Refund | 03 October 2023 |
| Credit to Demat Account | 03 October 2023 |
| Listing Date | 04 October 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹30.48 Cr – 1,782,400 shares |
| Fresh Issue | ₹21.56 Cr – 1,260,800 shares |
| Offer for sale | ₹8.92 Cr – 21,600 shares |
| Face value | ₹10 per share |
| Price Band | ₹168 to ₹171 per share |
| Lot size | 800 Shares |
| Market Maker portion | 178,400 shares |
| Shareholding pre-issue | 5,072,000 |
| Shareholding post-issue | 6,332,800 |
| Listing Exchange | BSE & NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,800 |
| Retail (Max) | 1 | 800 | ₹136,800 |
| HNI (Min) | 2 | 1,600 | ₹273,600 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 3M FY 2024 | |
| Revenue | 487.32 | 2,488.18 | 3,443.98 | 1,182.99 |
| Expenses | 612.91 | 2,383.99 | 2,983.02 | 799.38 |
| Net income | 1.80 | 46.54 | 437.46 | 279.65 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.15 | 3.93 | 36.95 |
| PE ratio | – | – | 4.55 – 4.63 |
| RONW (%) | 1.69 | 30.32 | 74.03 |
| NAV | 9.03 | 12.96 | 49.91 |
| ROCE (%) | 27.59 | 73.61 | 92.23 |
| EBITDA (%) | 101.54 | 236.18 | 748.08 |
| Debt/Equity | 4.66 | 2.28 | 1.03 |
Company Promoters
- Mr. Abhishek Rameshkumar More
- M/s. Shree M P J Cement Works LLP
Promoter Holding
| Pre Issue Share Holding | 93.38% |
| Post Issue Share Holding | 66.55% |
Lead Manager(s)
SARTHI CAPITAL ADVISORS PRIVATE LIMITED
401, 4thFloor, Manek Plaza, 167, Vidyanagari Marg, Kalina,
Santacruz (E), Mumbai – 400 098
Phone: +91 22 2652 8671/72
Email: compliance@sarthiwm.in
Website: www.sarthiwm.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
DIGIKORE STUDIOS LIMITED
C/o Poona Bottling Company Private
Limited., 410/1, 411/2, Mumbai Pune
Road, Dapodi, Pune-411012
Phone: 020-35553555
E-mail: cs@digikore.com
Website: www.digikorevfx.com
Allotment Status
Digikore Studios IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Digikore Studios IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
