Digikore Studios IPO opens today: GMP, review, other details about NSE SME issue

livemint.com:

Digikore Studios IPO: Digikore Studios Limited, specializes in delivering Visual Effects (VFX), has announced its plans to go public with an Initial Public Offering (IPO) on 25th September, 2023. The public issue will remain open till 27th September 2023. The company is aiming to raise ₹30.48 crore on upper band price through this IPO, with shares set to be listed on the NSE EMERGE platform.

The VFX company has fixed issue price at ₹168 to ₹171 per equity share. The fresh issue size is Up to 12,60,800 equity shares and offer for sale (OFS) is Up to 5,21,600 at face value of ₹10 each. The net proceeds from the running IPO will be utilized for Funding Working Capital Requirements and for General Corporate Purposes.

The issue closes on 27th September, 2023. The Book Running Lead Manager to the Issue is Sarthi Capital Advisors Private Limited. The Registrar to the Issue is Bigshare Services Private Limited.

Speaking on the occasion, Abhishek More, Promoter & Managing Director of Digikore Studios Limited said, "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," adding, "The IPO signifies our ambition and marks the inception of a new chapter in our journey, as it provides the necessary growth capital." 1] Digikore Studios IPO GMP: Shares of the company are available at a premium of ₹105 in grey market today, say market observers.