Digikore Studios IPO

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 nameDigikore Studios Limited
SectorMedia & Entertainment
IndustryFilm Production, Distribution & Entertainment
Company Websitehttps://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 date25 September 2023
IPO Closing27 September 2023
Basis of Allotment29 September 2023
Initiation Refund03 October 2023
Credit to Demat Account03 October 2023
Listing Date04 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on September 27, 2023)

IPO details

Issue typeBook 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 size800 Shares
Market Maker portion178,400 shares
Shareholding pre-issue5,072,000
Shareholding post-issue6,332,800
Listing ExchangeBSE & NSE SME

IPO Lot Size

Retail (Min)1800₹136,800
Retail (Max)1800₹136,800
HNI (Min)21,600₹273,600

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 20233M FY 2024
Net income1.8046.54437.46279.65
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio4.55 – 4.63
RONW (%)1.6930.3274.03
ROCE (%)27.5973.6192.23
EBITDA (%)101.54236.18748.08

Company Promoters

  • Mr. Abhishek Rameshkumar More
  • M/s. Shree M P J Cement Works LLP

Promoter Holding

Pre Issue Share Holding93.38%
Post Issue Share Holding66.55%

Lead Manager(s)

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

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

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

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