The company Digikore Studios Limited is coming up with an IPO of INR 30.48 crores. The offer consists of a fresh issue of equity shares and an offer to sell shares of existing shareholders. The company intends to utilise the raised funds to meet the working capital requirements of the company.
Digikore Studios IPO – Important Details
| Digikore Studios IPO Date | September 25, 2023 to September 27, 2023 |
| Digikore Studios IPO Listing Date | October 4, 2023 |
| Digikore Studios IPO Price | INR 168-171 per share |
| Digikore Studios IPO Lot Size | 800 Shares |
| Digikore Studios IPO Total Issue Size | INR 30.48 crores |
| Digikore Studios IPO Basis of Allotment | September 29, 2023 |
| Digikore Studios IPO Initiation of Refunds | October 3, 2023 |
| Digikore Studios IPO Credit of Shares to Demat | October 3, 2023 |
| Digikore Studios IPO Issue Type | Book Built Issue IPO |
| Digikore Studios IPO Listing At | NSE SME |
Digikore Studios Ltd IPO – Company Profile
Digikore serves as a hub for top-tier industry talent.Having production facility in India, the company specialises in delievering visual effects (VFX) for a diverse range of projects such as films,web series, TV series, documentaries,etc.
Digikore was established by Mr.Abhishek Rameshkumar More in the year 2000. The company has worked in extensive portfolio- “Thor:Love and Thunder”, “Black Panther”, “Deadpool”, “Star Trek”, “Jumanji”, “Strange Things” and manu more projects. The company has approved projects from production houses like Disney/Marvel, Netflix, Amazon, Apple, Paramount, Warner Bros and Lion Gate.
The company has embarked a new venture known as Digikore Matchmaking,extending its portfolio to encompass new dimensions of business endeavor.
Digikore Studios Ltd IPO Objective
The company intends to allocate INR 16.95 crores to address its working capital needs for future growth and other business purposes. The remaining funds will be used for general corporate purposes, including IT advancements and expansion.
- Funding working capital requirement: The company requires additional working capital for funding future growth requirements of the company and for other business purposes. The company plans to utilise INR 16.95 crores for the said purpose.
- General corporate purpose: The company plans to deploy the balance funds towards general corporate purpose which is not limited to meeting expenses incurred in ordinary course of business such as strategic initiatives including advancement of information technology, meeting future branch and business expansion,etc
Digikore Studios IPO Risks And Challenges
In FY 2022-23, nearly 98% of revenue came from exports, making the company vulnerable to government policy changes. As of 31.03.2023, 61% of revenue was from the top 10 customers, posing risks if any are lost. The company operates in the dynamic VFX market, susceptible to shifts in client preferences.
- Almost 98% of the revenue in the FY 2022-23 was generated from exports.Any change in government laws or practice may affect the business of the company.
- As on 31.03.2023, almost 61% of the revenue was generated from top 10 customers. Any loss of business from one or more of them may adversely affect the business revenue and profitability.
- The company operates in constant involving VFX market which is subject to rapid change in client’s behaviour and taste.
Digikore Studios IPO Peer Comparison
| Company | Sales (₹ in crore) | Face Value per Equity Share (₹) | P/E | EPS (₹) | Profit after tax (₹ in crore) |
| Digikore Studios Limited | 3555.83 | 10 | – | 36.95 | 437.46 |
| Phantom Digital Effects Limited | 5873.86 | 10 | 33.25 | 15.97 | 1619.56 |
| Prime Focus Limited | 8137.60 | 1 | (106.95) | (0.82) | (2446.06) |
Digikore Studios Limited IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 487.32 | 2488.18 | 3443.98 |
| Equity (₹ in lakhs) | 106.94 | 153.48 | 590.94 |
| Expenses (₹ in lakhs) | 612.91 | 2383.99 | 2983.02 |
| Profit and Loss After Tax (₹ in lakhs) | 1.80 | 46.54 | 437.46 |
| RoNW (%) | 1.68% | 30.32% | 74.03% |
| Diluted EPS only (₹) | 0.15 | 3.93 | 36.95 |
| NAV per Equity Share (₹) | 9.03 | 12.96 | 49.91 |
| Total Assets (in lakhs) | 797.83 | 825.18 | 1912.48 |
| Total Liabilities (in lakhs) | 690.89 | 671.70 | 1321.54 |
Digikore Studios Limited IPO – Industry & Market Potential
The global VFX industry’s market size reached US$ 9.3 billion in 2022. The market size is expected to reach US $ 15.2 billion by 2028. Significant growth in the entertainment industry drives the global market. This is supported by extensive application of VFX in advertisement, video games, movies, TV shows, etc.
Digikore Studios Limited IPO – Type of Offer
The company plans to raise INR1 21.56 crores via new share issuance for working capital and research. Existing shareholders will sell INR 8.92 crores worth of their stake. The total issue size is INR 30.48 crores.
● Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 21.56 Crores. This fund will be utilised towards meeting the working capital requirement of the company.
● Offer for sale: Existing shareholders, including promoters and early investors, will sell a portion of their stake in the company worth INR 8.92 crores.
Digikore Studios Limited IPO Offer Size
Digikore Studios Limited plans to launch an IPO worth INR 30.48 crores, comprising both newly issued equity shares and shares from existing shareholders. The company aims to utilize the proceeds to fulfill its working capital needs.
Digikore Studios Ltd IPO Allotment Structure
In the IPO allocation, 50% of shares are reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors (RIIs). Additionally, 10.01% is set aside for Market Makers, totaling 2,46,000 equity shares.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
● Market Maker Reservation: Total of 2,46,000 equity shares are reserved for market makers. This forms 10.01% of the total issue.
How to apply for a Digikore Studios Limited IPO?
To apply for the Digikore Studios IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the Digikore Studios IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for Digikore Studios IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Digikore Studios IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Digikore Studios IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Digikore Studios IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Digikore Studios IPO:
Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Digikore Studios IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) SME Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Digikore Studios IPO Offer Registrar
The registrar for the Digikore Studios Limited’s IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6 – 2, 6th Floor, Pinnacle Business Park,
Mahakali Cave Road, Andheri – [East], Mumbai – 400093,
Maharashtra, India.
Tel No.: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Digikore Studios Limited IPO FAQs
What is the allotment date of the Digikore Studios Limited IPO?
The allotment date is 29th September 2023.
What is the price band of the Digikore Studios Limited IPO?
The price band is INR 168-171 per share.
What is the size of the Digikore Studios Limited IPO?
Digikore Studios Limited plans to launch an IPO worth INR 30.48 crores, comprising both newly issued equity shares and shares from existing shareholders. The company aims to utilize the proceeds to fulfill its working capital needs.
What is the listing date of the Digikore Studios Limited IPO?
The listing date is October 4, 2023.
