Visual effects (VFX) studio Digikore Studios Ltd on Wednesday said it has fixed a price band of Rs 168-171 per share for its Initial Public Offering (IPO), which will open on September 25.The IPO is scheduled to close on September 27. After the conclusion of the issue, equity shares of the company will be listed on NSE’s SME segment Emerge, according to the company statement.
The proposed IPO comprises a fresh issue of 12.6 lakh equity shares and an Offer for Sale (OFS) of 5.21 lakh equity shares. Proceeds from the fresh issue will be used to further enhance the company’s operations, expand its capabilities, and drive its growth trajectory.Besides, Digikore has successfully concluded its pre-IPO funding round, it said, adding that Sarthi Capital Advisors Pvt Ltd is the sole book-running lead manager to the offer.