Digikore Studios Limited IPO IPO Details: The scheduled date for Digikore Studios Limited IPO has been confirmed. The IPO is set to enter the market on September 25th and conclude on September 27th. The company aims to gather approximately ₹30.48 crores through this IPO via 1782400 shares, each valued at ₹10. The retail quota 35%, while QIB is 50% and HNI is 15%.
What is Digikore Studios Limited IPO?
Digikore Studios Limited is a visual effects studio that offers a full suite of visual effects services. The company was founded in 2000 and is headquartered in Ahmedabad, India. Digikore Studios offers a wide range of visual effects services, including:
- 3D modeling and animation
- Compositing and visual effects
- Matte painting
- Motion capture
- Digital doubles
- Character design and development
- Environment design and development
The company’s services are used in a variety of industries, including film, television, advertising, and video games. Digikore Studios has worked on a number of high-profile projects, including the films Baahubali: The Beginning, Baahubali 2: The Conclusion, and KGF: Chapter 1.
The Digikore Studios IPO is an initial public offering (IPO) of 1,782,400 equity shares of the face value of ₹10 aggregating up to ₹30.48 crores. The IPO price band is ₹168-171 per share. The IPO is scheduled to open for subscription on September 25, 2023, and close on September 27, 2023.
The IPO proceeds will be used to finance the company’s expansion plans, including setting up new studios, expanding its team, and investing in technology and equipment.
Digikore Studios is a well-established company with a strong track record of growth. The company has a strong customer base and a diversified product portfolio. The company is also well-positioned to benefit from the growing demand for visual effects services in India.
However, investors should carefully consider the risks involved before investing in the Digikore Studios IPO. The company is operating in a competitive industry and its financial performance is sensitive to the overall economic conditions.
Objectives of Digikore Studios IPO
The objectives of the Digikore Studios IPO are as follows:
- To finance the company’s expansion plans, including setting up new studios, expanding its team, and investing in technology and equipment.
- To meet the company’s working capital requirements.
- To meet the company’s general corporate purposes.
The company’s expansion plans will help it to increase its production capacity, reach new customers, and improve its operational efficiency. The IPO proceeds will also help the company to reduce its debt burden and improve its financial health.
Digikore Studios IPO Date & Price Band Details
| IPO Open: | September 25, 2023 |
| IPO Close: | September 27, 2023 |
| IPO Size: | Approx ₹30.48 Crores, 1,782,400 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹168 to ₹171 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Digikore Studios IPO Market Lot
The Digikore Studios IPO minimum market lot is 800 shares with a ₹136,800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹136,800 |
| Retail Maximum | 1 | 800 | ₹136,800 |
| S-HNI Minimum | 2 | 1600 | ₹273,600 |
Digikore Studios IPO Dates
The Digikore Studios IPO date is September 25 and the IPO close date is September 27. The IPO allotment date is September 29 and the IPO might list on October 4.
| IPO Open Date: | September 25, 2023 |
| IPO Close Date: | September 27, 2023 |
| Basis of Allotment: | September 29, 2023 |
| Refunds: | October 3, 2023 |
| Credit to Demat Account: | October 3, 2023 |
| IPO Listing Date: | October 4, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Digikore Studios IPO Subscription Status
For the latest update on the Digikore Studios IPO, you can check this dedicated page for IPO subscription status.
Digikore Studios IPO Allotment Status
For the latest update on the Digikore Studios IPO, you can check this dedicated page for IPO allotment status.
Digikore Studios IPO Forms
For IPO form for the Digikore Studios IPO, you can check this dedicated page for IPO Forms.
Digikore Studios Company Financials
Digikore Studios Limited is a well-established company with a strong track record of growth. The company’s revenue has grown steadily over the past few years, and its profitability has also improved.
Here is a summary of Digikore Studios’ financial performance for the past three years:
| Financial Year | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) |
|---|---|---|
| 2020-21 | 615.53 | 1.80 |
| 2021-22 | 2,488.39 | 46.54 |
| 2022-23 | 3,692.38 | 389.17 |
The company’s strong financial performance is supported by its growing customer base, its diversified product portfolio, and its efficient operations. The company is also well-positioned to benefit from the growing demand for visual effects services in India.
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before investing in any IPO.
Please note that Digikore Studios is a young company and its financial performance may not be indicative of its future performance. Investors should carefully consider the risks involved before investing in the company’s IPO.
Digikore IPO Pros & Cons
| Feature | Pro | Con |
|---|---|---|
| Financial performance | Strong track record of growth with revenue growing steadily over the past few years and profitability improving | Young company with limited financial track record |
| Competitive landscape | Well-positioned to benefit from the growing demand for visual effects services in India | Operating in a competitive industry |
| Product portfolio | Diversified | |
| IPO proceeds | Will be used to finance the company’s expansion plans, meet working capital requirements, and meet general corporate purposes | |
| Overall | Well-established company with a strong track record of growth and a diversified product portfolio | Young company with limited financial track record and operating in a competitive industry |
Company Promoters
- Mr. Abhishek Rameshkumar More
- M/s. Shree M P J Cement Works LLP
Digikore Studios IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
Digikore Studios Limited
C/o Poona Bottling Company Private Limited.,
410/1, 411/2, Mumbai Pune Road,
Dapodi, Pune – 411012
Phone: 020-35553555
Email: cs@digikore.com
Website: https://digikorevfx.com/
Digikore Studios IPO FAQs
Digikore Studios Limited IPO IPO Details: The scheduled date for Digikore Studios Limited IPO has been confirmed. The IPO is set to enter the market on September 25th and conclude on September 27th.
The IPO will open on 25th September 2023.
Digikore Studios IPO size is ₹30.48 crores.
The price band for Digikore IPO is ₹168 to ₹171.
The minimum bid is 800 Shares with ₹136800 amount while the maximum bid is 1600 shares with ₹273600.
Digikore Studios IPO allotment date is 03 October 2023.
Digikore Studios IPO listing date is 6 October 2023. The IPO is to list on NSE SME.
o apply for the Digikore Studios IPO, you must have a demat account and a UPI ID. You can apply through your broker’s website or mobile app.
Here are the steps to apply for the Digikore Studios IPO through Zerodha:
Log in to your Zerodha Console account.
Go to the Portfolio section and click on the IPOs tab.
Click on the Bid button next to the Digikore Studios IPO.
Enter your UPI ID, the quantity of shares you want to apply for, and the price you are willing to pay.
Click on the Submit button.
You will be redirected to your UPI app to approve the mandate.
Here are the steps to apply for the Digikore Studios IPO through Upstox:
Log in to your Upstox mobile app.
Tap on the IPOs section.
Tap on the Digikore Studios IPO.
Tap on the Bid button.
Enter the quantity of shares you want to apply for and the price you are willing to pay.
Tap on the Confirm button.
You will be redirected to your UPI app to approve the mandate.