IPO Details
Bidding Dates
25 Sep '23 - 27 Sep '23
Minimum Investment
₹136,800 / 1 Lots ( 800 Shares )
Price Range
₹168 - ₹171
Maximum Investment
₹136,800 / 1 Lots ( 800 Shares )
Retail Discount
Not Applicable
Issue Size
₹30.48 Cr
Investor category and sub category
Qualified Institutions Buyers | Non-Institutional Buyers | Retail Investors |Digikore Studios Ltd IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 25, 2023
IPO Closing Date
Sep 27, 2023
Basis of Allotment
Sep 29, 2023
Initiation of Refunds
Oct 3, 2023
Credit of Shares to Demat Account
Oct 3, 2023
IPO Listing Date
Oct 4, 2023
Cut-off time for UPI mandate confirmation
Sep 27, 2023
Digikore Studios IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Sep 25, 2023 |
7.09 | 15.88 | 34.13 | 22.50 |
Day 2Sep 26, 2023 |
7.51 | 40.61 | 118.63 | 70.17 |
Digikore Studios IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 7.51 |
| Non-Institutional Buyers | 40.61 |
| Retail Investors | 118.63 |
| Total | 70.17 |
About Digikore Studios Ltd.
Digikore Studios Limited was incorporated in 2000, and provides visual effects studio that offers a full suite of visual effects (VFX) services. The company provides VFX to numerous projects such as films, web series, TV series, documentaries and commercials with a strong focus on cost--efficiencies. Digikore’s projects include Thor: Love and Thunder, Black Panther: Wakanda Forever, Glass Onion: A Knives Out Mystery, Deadpool, etc.
During FY 2023, the company generated most of its revenue from North America (85.83%), followed by 11.25% from Europe, 0.96% from Australia and New Zealand and the remaining 1.96% from the rest of the world, including India.
The storytellingstory telling pattern has been replaced by the expansion of animation and the development of VFX. As a result, the entertainment industry has prospered. The OTT content typically airs as episodes, which primarily utilise VFX and serves as the second largest targeted market. Due to expanding smartphone usage, rising online video subscriptions, and the government's emphasis on digitalisation, the market for VFX services is projected to expand.
Digikore Studios Limited IPO Details
Digikore Studios Limited IPO Date
Digikore Studios Limited IPO combines a fresh issue and an Offer for Sale. The fresh issue comprises 12,60,800 shares aggregating up to ₹21.56 crore, and the offer for sale comprises 5,21,600 shares of ₹10 aggregating up to ₹8.92 crore. Digikore Studios Limited ’s IPO will be listed on the NSE SME on October 04, 2023. It is a book-built-issue IPO.
Digikore Studios Limited IPO Price Band
The price range of the IPO has been fixed at ₹168 to ₹171 per share.
Digikore Studios Limited IPO Lot Size
The Digikore Studios Limited IPO lot size is 800 shares, and the minimum investment will be ₹1,36,800.
Digikore Studios Limited IPO Objectives
The objectives of Digikore Studios Limited IPO are listed below:
- Funding its working capital requirements.
- For general corporate purposes.
Peer Details
As per DRHP, Digikore Studios Limited has two listed peers:
- Phantom Digital Effects Limited.
- Prime Focus Limited.
How To Check the Allotment Status of the Digikore Studios Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Digikore Studios Limited
Registered office: 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
Digikore Studios Company Financials
| Particulars | Year ending on March 31st 2021 ( ₹ in lakh ) | 3-Month Ending on June 30th 2023 ( ₹ in lakh ) | Year Ending on March 31st 2023 ( ₹ in lakh ) | Year ending on March 31st 2022 ( ₹ in lakh ) |
|---|---|---|---|---|
| Total Income | 615.53 | 1,186.49 | 3,692.38 | 2,488.39 |
| Profit After Tax (PAT) | 1.80 | 270.89 | 389.17 | 46.54 |
| Assets | 797.83 | 2,518.83 | 1,932.41 | 825.24 |
| Total Borrowings | - | 912.25 | 608.55 | 349.46 |
Know before investing
Strengths
3-
The company has established strong brand equity in the VFX industry, which has helped the business to grow its revenue over the years, fueled by multiple projects taken by Digikore.
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The company is optimistic about the content creation industry tailwinds, which are likely to underpin the growth of the VFX industry. This is likely to add more business to the company’s revenue stream.
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Looking forward, the company will be focused on catering to the increased demand of its existing customers as well as increasing its customer base with entry into new geographies.
Risks
2-
The company operates in a highly competitive environment, creating barriers to extensive business growth.
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The major portion of revenue comes from the export of services. Hence, any adverse change in government regulations could hamper the operational and financial growth of the company.
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Digikore Studios Ltd IPO FAQs
Digikore Studios Limited IPO is a mix of fresh issue and offer for sale. The fresh issue comprises 12,60,800 shares aggregating up to ₹21.56 crore, and the offer for sale comprises 5,21,600 shares of ₹10 aggregating up to ₹8.92 crore. The price range of the IPO has been decided at ₹168 to ₹171 per share.
The Basis of Allotment will be on September 29, 2023.
The IPO subscription window will open on September 25, 2023.
Retail investors can apply for a minimum of one lot containing 800 shares.
Digikore Studios Limited IPO will be listed on NSE SME. The date of listing is October 04, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
