Digikore Studios IPO hits D-Steet: Listing date, issue price, other key details to know

Digikore Studios IPO allotment date: The basis of the allotment of shares, under the Visual Effects studio Digikore Studios initial public offer (IPO), is set to be finalised on September 29. Successful bidders will get shares credited into their demat accounts on October 3. The Digikore Studios IPO stock is likely to enter the secondary market, through the NSE EMERGE platform, on October 4.

Digikore Studios launched an IPO on Monday, September 25, to raise up to Rs 30.5 crore. The IPO comprises fresh issuance worth up to Rs 21.6 crore and, an offer for sale (OFS) worth Rs 8.9 crore by promoters and existing shareholders. The Digikore Solutions stock is set to be listed on stock exchange NSE’s EMERGE platform for SMEs. The IPO opened for subscription on September 25 till September 27. 

Here’s all you need to know about the Digikore Studios IPO:

Issue price and lot size

The company has set a price range of Rs 168-171 per share for the IPO. Potential investors can bid for the Digikore Studios IPO stock, under the IPO, in multiples of 800 shares, translating to Rs 1,34,400-1,36,800 per lot.

Fund utilisation

The company aims to utilise the proceeds from the fresh issuance towards funding its working capital requirements, general corporate purposes, and offer-related expenses.
Sarthi Capital Advisors is the book-running lead manager for the issue, whereas Bigshare Services is the official registrar.

What does the company do?

Incorporated in 2000, Digikore Studios Limited is a visual effects studio that offers a full suite of visual effects services. The company offers Visual Effects (VFX) services for films, web series, TV series, documentaries and commercials.

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