Digikore Studios Limited IPO
i. Digikore serves as a hub for top-tier industry talent. Having production facility in India, they specialize in delivering Visual Effects (VFX) for a diverse range of projects such as Films, Web Series, TV Series, Documentaries, and Commercials, all while maintaining a strong emphasis on cost-effectiveness. Their reputation as a world-class VFX studio is a result of their harmonious blend of imaginative creativity and cutting-edge technology.
ii. Digikore was established by Mr. Abhishek Rameshkumar More in the year 2000. In its initial years, Digikore made its mark in the realm of Animation and Visual Effects (VFX). Worked with extensive portfolio of many Films and TV Series, notable works include 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” “Gosht Rider: Spirit of Vengeance” “Transformer: Age of Extinction” “Crouching Tiger, Hidden Dragon: Sword of Destiny” and many more prestigious productions.
iii. As a TPN-audited VFX studio, Digikore offer a comprehensive suite of visual effects services, overseen by their experienced production team. Their artists harness the power of the latest software, hardware, and proprietary tools to produce exceptional VFX for some of the most prominent Films, Web Series, and TV Series.
iv. Notably, the company stand among the select few studios in India that have undergone audits from esteemed entities such as TPN. Also approved for projects from production houses like Disney/Marvel, Netflix, Amazon, Apple, Paramount, Warner Bros., and Lions gate. Their commitment to excellence is further underscored by the dedication to fostering an internal culture rooted in diversity, equality, and inclusion – vital components that fuel our innovation and creativity.
v. The company has embarked on a new venture, known as Digikore Matchmaking, extending its portfolio to encompass new dimensions of business endeavor.
vi. They specialize in creating visual experiences that captive audience around the world. The company also has a decade’s worth of experience in pushing the boundaries of creativity and technology to deliver its exceptional VFX solution for Movies, TV, Net series and Commercials. With a team of skilled artists, a dedication to investing in the latest technology, and a proven track record of serving clients from diverse sectors and countries, “Digikore” has earned a good reputation among its clients in the VFX industry.
vii. They conduct their operations with focus on to provide reliable, cost-effective and high-quality VFX shots at competitive price for the US and European markets. The company has the flexibility to work on any kind of project, either small or large, with faster turnaround and scalability to generate long-term value for the Company. The Company has a team of creative-driven professionals, who are capable of managing all sorts of VFX production tasks every single step of the way to deliver high-quality, industry standard content for the client.
Objects of the Digikore Studios Limited IPO:
Digikore Studios Limited IPO Details:
|Open Date:||Sep 25 2023|
|Close Date:||Sep 27 2023|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||30.48 Cr.|
|Lot Size:||800 Shares|
|Issue Price:||₹ 168 - 171 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 04 2023|
Promoters And Management:
Financials of Digikore Studios Limited IPO:
|Particulars (in Cr)||Q1Fy24||Fy23||Fy22||Fy21|
|Cost of Technical Subcontractors||1.13||7.35||12.36||2.31|
|Employee benefits expense||3.75||11.65||5.39||1.63|
|Profit before tax||3.84||5.73||1.04||0.03|
|Total tax expense||1.04||1.35||0.58||0.01|
|Profit for the year||2.8||4.37||0.47||0.02|
Comparison With Peers:
|Parameters (cr)||Phantom||Basillic Fly||Digikore Studios|
|3Y Sales Growth||64%||102%||140%|
|3Y PAT Growth||427%||781%||1458%|
|Free Cash Flow 3Y||-18||1.18||1.75|