{"id":20768,"date":"2023-09-21T18:06:24","date_gmt":"2023-09-21T12:36:24","guid":{"rendered":"https:\/\/marudharchronicle.com\/index.php\/2023\/09\/21\/digikore-studios-limited-ipo-opens-on-25th-september-2023\/"},"modified":"2023-09-21T18:06:24","modified_gmt":"2023-09-21T12:36:24","slug":"digikore-studios-limited-ipo-opens-on-25th-september-2023","status":"publish","type":"post","link":"https:\/\/marudharchronicle.com\/index.php\/2023\/09\/21\/digikore-studios-limited-ipo-opens-on-25th-september-2023\/","title":{"rendered":"Digikore Studios Limited IPO Opens on 25th September, 2023"},"content":{"rendered":"<div class=\"dsprime\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"https:\/\/pnn.digital\/wp-content\/uploads\/2023\/09\/ANI-4-1024x768.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" style=\"margin-bottom: 10px\" \/><\/div>\n<p class=\"has-text-align-center\"><em>\u2022 Issue Size \u2013 17,82,400 equity shares of \u20b9 10 each<br \/>\u2022 Issue Size \u2013 \u20b9 30.48 crore at upper Price Band<br \/>\u2022 Price Band \u2013 \u20b9 168 To \u20b9 171<br \/>\u2022 Market Lot Size \u2013 800 Equity Shares<\/em><\/p>\n<p><strong>Mumbai (Maharashtra) [India], September 21:&nbsp;<\/strong>Digikore Studios Limited, specializes in delivering Visual Effects (VFX), has announced its plans to go public with an Initial Public Offering (IPO) on 25<sup>th<\/sup>&nbsp;September, 2023. The company is aiming to raise&nbsp;\u20b9&nbsp;30.48 crore on upper band price through this IPO, with shares set to be listed on the NSE EMERGE platform.<\/p>\n<p>The fresh issue size is Up to 12,60,800&nbsp;equity shares and offer for sale (OFS) is Up to 5,21,600 at face value of&nbsp;\u20b9&nbsp;10 each. The Bid opens for Anchor Investors on September 22<sup>nd<\/sup>, 2023.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>Qualified Institutional Buyers (QIB) \u2013 Up To 8,01,600 Equity Shares<\/li>\n<li>Non-Institutional Investors (NII) \u2013 Up To 2,40,800 Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013 Up To 5,61,600 Equity Shares<\/li>\n<li>Market Maker &#8211; 1,78,400 Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized for Funding Working Capital Requirements and for General Corporate Purposes.&nbsp;The issue closes on 27<sup>th<\/sup>&nbsp;September, 2023.<\/p>\n<p>The Book Running Lead Manager to the Issue is Sarthi Capital Advisors Private Limited. The Registrar to the Issue is Bigshare Services Private Limited.<\/p>\n<p><strong>Mr. Abhishek More, Promoter &amp; Managing Director of Digikore Studios Limited&nbsp;<\/strong>said,&nbsp;&#8220;Visual effects have become integral to the entertainment and creative industries. Our profound expertise within the sector has played a pivotal role in propelling our exceptional business growth. Given the increasing demand for VFX services in India, we have strategically positioned ourselves as a world class VFX studio, serving clients worldwide.&nbsp;<\/p>\n<p>The IPO signifies our ambition and marks the inception of a new chapter in our journey, as it provides the necessary growth capital.&#8221;<\/p>\n<p><strong>Mr. Deepak Sharma, Managing Director of Sarthi Capital Advisors Private Limited&nbsp;<\/strong>said, \u201cWe are confident that this offering will furnish Digikore Studios with the essential resources to fulfill its capital needs for expanding and enhancing its market position.&nbsp;<\/p>\n<p>The IPO launch is expected to have a pivotal role in augmenting the Company&#8217;s brand visibility. This dual effect, resulting from augmented resources and heightened brand recognition, underscores the importance of the forthcoming IPO in propelling the Company&#8217;s path to growth.&#8221;<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2022 Issue Size \u2013 17,82,400 equity shares of \u20b9 10 each\u2022 Issue Size \u2013 \u20b9 30.48 crore at upper Price Band\u2022 Price Band \u2013 \u20b9&hellip; <\/p>\n","protected":false},"author":1,"featured_media":20769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[656],"class_list":["post-20768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/20768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=20768"}],"version-history":[{"count":0,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/20768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/20769"}],"wp:attachment":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=20768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=20768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=20768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}