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Digikore Studios

Digikore Studios IPO

  • Status: Closed
  • RHP:
  • ₹ 134,400 / 800 shares

    Minimum Investment

IPO Details

  • Open Date

    25 Sep 2023

  • Close Date

    27 Sep 2023

  • IPO Price Range

    ₹ 168

  • IPO Size

    ₹ 29.94 - 30.48 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    04 Sep 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Digikore Studios IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Digikore Studios Limited IPO is all set to open from 25th September to 27th September 2023. The company operates as a visual effects studio and provides a full suite of visual effects services. The IPO includes a fresh issue of 1,260,800 shares worth ₹21.56 cr and an OFS of 521,600 worth ₹8.92 cr. The total IPO size is ₹30.48 cr. The share allotment date is 29th September, and the IPO will be listed on 4th October, on the stock exchanges. The price band is ₹168 to ₹178 per share and the lot size is 800 shares.    

Sarthi Capital Advisors Private Limited is the book-running lead manager for this IPO, while  Bigshare Services Private Limited is the registrar.

Objectives of the Issue

Digikore Studios plans to utilize the raised capital from the IPO to:
    • For working capital requirements.
    • General corporate purpose.
    • To fund public issue expenses. 

Established in 2000, Digikore Studios operates as a visual effects (VFX) studio and provides a full suite of visual effects services. The company specializes in providing VFX services across various media formats such as films, web series, TV series, documentaries, and commercials. 

Digikore Studios’ portfolio includes popular 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, Transformers: Age of Extinction, Crouching Tiger, Hidden Dragon: Sword of Destiny, and more.

Digikore Studios also has a diverse clientele in India as well as in Australia, New Zealand, the US, and Europe.

Peer Comparison

    • Phantom Digital Effects Limited
    • Prime Focus Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 34.44 24.88 4.87
EBITDA 7.48 2.36 1.02
PAT 4.37 0.47 0.018
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 19.12 8.25 7.98
Share Capital 1.18 1.18 1.18
Total Borrowings 13.22 6.72 6.91
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.23 4.17 1.87
Net cash from / (used in) investing activities -3.10 -2.29 -1.51
Net cash flow from / (used in) financing activities 1.87 -1.89 -0.35
Net increase (decrease) in cash and cash equivalents 0.0002 -0.014 0.0011


Strengths

1. Strong Brand Equity in the VFX industry Worldwide.  
2. Solid Management Team.  
3. Among the first few VFX studios in India.  
4. Deep connections in the Industry Worldwide.  
5. Highly trained professionals.
6. Strict quality control in the production process. 

Risks

1. A major portion of the revenue generated from the operation is through exports, any change in the government laws or policies may affect the business.
2. Operates in the constantly evolving VFX market, which is subject to rapidly changing client’s behavior and tastes.
3. Intensified competition may restrict the company’s ability to access content and/or talent.
4. Substantial working capital requirements.
5. Negative cash flows in the past. 
6. Operate in a very sensitive industry. 

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FAQs

The minimum lot size of Digikore Studios IPO is 800 shares and the investment required is ₹134,400.

The price band for Digikore Studios IPO is ₹168 to ₹178 per share. 

Digikore Studios IPO opens from 25th September to 27th September 2023.

The Digikore Studios IPO size is ₹30.48 cr. 

The share allotment date of Digikore Studios is 29th September 2023.

The Digikore Studios IPO will be listed on 4th October 2023.

Sarthi Capital Advisors Private Limited is the book-running lead manager for Digikore Studios IPO.

 Digikore Studios plans to utilize the raised capital from the IPO to:

1. For working capital requirements.
2. General corporate purpose.
3. To fund public issue expenses.

To apply for the IPO, follow the steps given below
    • Login to your 5paisa account and select the issue in the current IPO section    
    • Enter the number of lots and the price at which you wish to apply for the Digikore Studios IPO.    
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
    • You will receive a mandate notification to block funds in your UPI app.