Digikore Studios Raises Rs. 8,22,16,800 From Anchor Investors Ahead Of IPO

Pune-based Digikore Studios Limited (Digikore), a world-class visual effects (VFX) studio, has secured substantial anchor investments of Rs 8,22,16,800. The company has allocated 4,80,800 equity shares priced at Rs 171 per share, to three key investors:

1. Rajasthan Global Securities Private Limited (51.08%): They have secured an impressive allocation of 2,45,600 equity shares, representing a substantial investment of Rs 4,19,97,600.

2. Saint Capital Fund (24.46%): Saint Capital Fund has been allotted 1,17,600 equity shares, demonstrating their confidence in Digikore with an investment of Rs 2,01,09,600.

3. LRSD Securities Private Limited (24.46%): LRSD Securities Private Limited also secured 1,17,600 equity shares, making a significant commitment of Rs 2,01,09,600.

This strategic anchor investment underscores the market's trust in Digikore Studios, positioning the company firmly within the dynamic VFX industry. These investments will be instrumental in fuelingDigikore's ambitious growth.

As Digikore Studios approaches its IPO, the company is fully committed to utilizing the raised capital judiciously for its working capital needs and growth initiatives, ensuring continued value delivery to its investors and stakeholders.

The offer will open for subscription on Monday, September 25th, 2023. The visual effects (VFX) studio intends to mop up Rs 21.56 crores via the maiden public issue of 12.61 lakh Equity shares ("Fresh Issue") and offer for Sale of 5.22 lakh Equity shares aggregating to Rs. 8.92 crores at upper price band*. Half of the net offer is reserved for QIB, 15 percent for High Networth Individuals and the remaining 35 percent for Retail Investors.

Subject to Basis of allotment

About Digikore Studios

Digikore (www.digikorevfx.com) is a Visual Effects Studio that offers a full suite of visual effects services managed by their seasoned production team. Digikore's dedicated team makes the impossible possible, fulfilling the demands of studios and independent creators alike. Digikore's artists utilize the latest software, hardware, and proprietary tools, enabling them to deliver outstanding VFX on tentpole films and episodic content. They count every major studio among their creative partnerships, including Disney/Marvel, Netflix, Amazon, Apple, Warner Bros., Paramount, and Lionsgate. They work on the spectacular scenes and tiny details that make movies and shows truly mind-blowing!

Click here to view/download Digikore's RHP: https://ipo.digikorevfx.com/rhp

(PTI)