Visual effects (VFX) studio Digikore Studios Ltd on Wednesday said it has set a price range of Rs 168-171 per share for its initial public offering, which opens on September 25.
The IPO is scheduled to close on September 27th. Once the issue is completed, the company’s shares will be listed on the SME Emerge segment of NSE, according to the company statement.
The proposed IPO comprises a fresh issue of 12.6 lakh shares and an Offer for Sale (OFS) of 5.21 lakh shares.
The proceeds from the new issue will be used to further improve the company’s operations, expand its capabilities and advance its growth trajectory. Furthermore, Digikore has successfully completed its pre-IPO funding round, it said, adding that Sarthi Capital Advisors Pvt Ltd is the sole book-running lead manager of the offering.
Founded in 2000 by Abhishek More, Digikore Studios is one of the few VFX studios in the country that has worked on over 200 Hollywood films and television series including Thor: Love and Thunder, Black Panther: Wakanda Forever and “Deadpool”. ‘, ‘Star Trek’, ‘Jumanji’, ‘Stranger Things and Game of Thrones’.
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