BackDigikore Studios IPO: GMP, subscription status on day 3, other key details
Digikore Studios IPO subscription status was 282 times on day 3 with a grey market premium of +115.
PremiumDigikore Studios IPO has opened for subscription on Monday, September 25, and has closed today (Wednesday, September 27). Digikore Studios IPO price band has been set in the range of ₹168 to ₹171 per equity share of face value of ₹10 each. Digikore Studios IPO lot size is 800 equity shares and in multiples of 800 equity shares thereafter.
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Digikore Studios IPO details
Digikore Studios IPO, which is worth ₹30.48 crores, comprises of fresh issue of 12,60,800 equity share totalling 21.55 crores, and an offer for sale (OFS) of 5,21,600 shares. Promoters of the company are Abhishek Rameshkumar More and M/s. Shree M P J Cement Works LLP.
The company plans to utilise the net proceeds from the issue towards the funding working capital requirements, general corporate purposes, and offer expenses.
The book-running lead manager for the Digikore Studios IPO is Sarthi Capital Advisors Private Limited, while the issue's registrar is Bigshare Services Pvt Ltd. Gretex Share Broking is the market maker for the Digikore Studios IPO.
Digikore Studios Limited, a famous supplier of a broad range of visual effects services, was established in the year 2000. Their wide range of services includes visual effects (VFX) solutions for movies, web series, TV shows, documentaries, and advertisements.
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Digikore Studios IPO subscription status
Digikore Studios IPO subscription status was 282 times on day 3. A significant investor demand for Digikore's shares was seen by the bids received for 31,62,48,800 equity shares out of the total 11,23,200 shares made available in the public offering, according to NSE data.
The subscription figures for Digikore's IPO were 22.50 times on day 1 and 76.89 times on day 2. Digikore Studios IPO witnessed incredible investor demand throughout its offering period.
Digikore Studios IPO GMP today
Digikore Studios IPO GMP today or grey market premium is +115. This indicates Digikore Studios share price were trading at a premium of ₹115 in the grey market on Wednesday, according to topsharebrokers.com
Considering the upper end of the Digikore Studios IPO price band and the current premium in the grey market, the estimated listing price of Digikore Studios is ₹286 apiece, which is 67.25% higher than the IPO price of ₹171.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Also Read: Updater Services IPO: Issue subscribed 2.90 times on day 3; retail portion fully booked
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