Digikore Studios listing at 57% premium
时间:2024-06-26 06:14:42 阅读(143)
Visual effects company, Digikore Studios listed its shares on the National Stock Exchange on Wednesday at a premium of 57% over the IPO price. The Pune-based VFX company IPO was oversubscribed by 243.11 times with the company receiving applications worth Rs 5,411 crore, making it the third largest SME IPO subscription in the country.
The Rs 30.48 crore Digikore issue was priced at Rs 171 per share and was listed at Rs 270 on the NSE Emerge on Wednesday. Investors bid for a 31.64 crore share, exceeding the total offering of 13.01 lakh shares.
Digikore works with Disney, Marvel, Netflix, Amazon, Apple, Warner Brothers, Sony, Paramount, and Lionsgate.
Digikore Studios started as a 2D animation and ventured into VFX with James Cameron’s Titanic 3D project. Digikore has been focused on Hollywood films. Since Covid, the online streaming platforms have emerged as an significant customer segment for the company. It now accounts for 25% of their revenues. The OTT platforms will account for 80% of revenues in future, he said.
The VFX industry is undergoing a shift toward virtual production, and Digikore has been an early adopter of this technology. This would drive substantial revenue and profits in the coming years, he added.
Digikore has provided VFX for films such as Thor: Love and Thunder, Black Panther: Wakanda Forever, Deadpool, Star Trek, Jumanji, Stranger Things, Game of Thrones, The Last Ship, and Ghost Rider: Spirit of Vengeance, among others.
猜你喜欢
- Nifty resistance placed at 18600, Bank Nifty eyes 41600 now; charts show SBI, Axis Bank, Tata Motors may rally
- Nifty slips below 17800, Sensex tanks 200 pts in early trade on Friday, Jan 13; HCL Tech shares fall nearly 3%
- Punjab & Sind Bank, Bank of Baroda among 115 BSE stocks to hit 52-week highs, 9 fall to 52-week lows
- Nifty to cross 19800 or sink in trade- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Rakesh Jhunjhunwala stocks- Big bull ups stake in Indian Hotels, sells some Tata Motors DVR shares
- Stocks to watch- Sun Pharma, Jindal Stainless, Zee Entertainment, NBFCs
- Nifty jumps to 17500, Sensex skyrockets 700 pts in early trade on Fri, Mar 3; Adani group stocks surge
- Stocks To Watch- Adani Enterprises, Reliance Industries, Kotak Mahindra Bank, Zomato, Anupam Rasayan
- Rating- buy - RIL- All-round show, O2C outlook positive