IPO

Kore Digital Limited IPO

NSE SME

Listed On: Jun 14, 2023 at ₹ 201.0

₹ 288000 /1600 Shares
*Min Investment

Check Allotment
Kore Digital Limited IPO Details

02 Jun, 2023

Open Date

07 Jun, 2023

Close Date

12 Jun, 2023

Allotment Date

14 Jun, 2023

Listing Date

Issue Price

₹180 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

201.0

Listing Date

2023-06-14

Market Lot

800 Shares (₹144,000/-)

Lead Manager

First Overseas Capital Limited

Issue Size

1,000,000 shares(aggregating up to ₹18.00 Cr)

Retail Portion

N/A

Subscription

39.44 times

IPO Docs

DRHP RHP

Kore Digital Limited IPO Details


Kore Digital Limited IPO is an SME IPO, priced at ₹180 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Jun 2, 2023 to Jun 7, 2023. The allotment is expected to be finalized on Jun 12, 2023, and the tentative listing date is Jun 14, 2023.


First Overseas Capital Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and

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Kore Digital Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved526,000474,0001,000,000
Day 1 - 02-06-23 06:00 PM4.09 x0.18 x2.24 x
Day 2 - 05-06-23 06:00 PM4.29 x1.02 x2.74 x
Day 3 - 06-06-23 06:00 PM5.27 x4.64 x4.97 x
Day 4 - 07-06-23 06:00 PM44.86 x33.25 x39.44 x

Kore Digital Limited Valuations

Earnings Per Share (EPS)

₹10.08/-

P/E Ratio

17.86

RoNW

50.18%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Kore Digital Limited Company Financials All values are in ₹ Lakh

31-Dec-2231-Mar-2231-Mar-2131-Mar-20
Assets1,573.071,441.57584.81188.66
Revenue1,195.711,694.45397.9087.61
Profit After Tax253.92217.9725.931.82

About The Company

Kore Digital Limited operates as a Telecommunication Infrastructure Provider. The company was set up with the objective of offering high-end communication solutions to corporate and Telecom Network Operators.

Kore Digital primarily operates in Maharashtra. They offer services like installing and commissioning Poles, Towers, and Optical Fibre Cable (OFC) Systems in Maharashtra.

The company has been licensed by the Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License in the year 2009. Under the license, they can establish and maintain assets Dark Fibres, right of way, duct space, and tower for the purpose to grant on lease or rent or sale basis to the licensees of Telecom Network Operators, Broad Band Service Operators, and ISPs.

As of 2023, Kore Digital Limited has laid fiber of around 450 Kms for their Telecom Network Operators such as Vodafone Idea Ltd, Bharti Airtel Limited, Reliance Jio, and Tata Teleservices. These include fiber laid under Vendor Projects and their own network running across Mumbai- Navi Mumbai, Thane, Bhiwandi, Kalyan, Panvel, and in Pune.

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Kore Digital Limited - Promoter(s)

Pre Issue Share Holding: 99.70%

Post Issue Share Holding: 71.38%

Company Promoter(s)
  1. Mr. Ravindra Navinchandra Doshi
  2. Mrs. Kashmira Ravindra Doshi
  3. Mr. Chaitanya Ravindarera Doshi

Kore Digital Limited IPO - Issue Objectives

  1. To meet the Working Capital requirements
  2. Investment in Strategic Acquisition / Joint Venture
  3. General Corporate Expenses.

Kore Digital Limited IPO - FAQs

Ans. Kore Digital Limited IPO is a SME IPO. The issue is priced at ₹180 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Jun 2, 2023, and closes on Jun 7, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Kore Digital Limited IPO opens on Jun 2, 2023 and closes on Jun 7, 2023.

Ans. The size of Kore Digital Limited IPO is 1,000,000 shares(aggregating up to ₹18.00 Cr).

Ans. The IPO price band is set between ₹180 per equity share.

Ans. To apply for Kore Digital Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Kore Digital Limited IPO in the List of IPOs
  • - Press Apply Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Kore Digital Limited IPO is Jun 12, 2023.

Ans. The Kore Digital Limited IPO will be listed on Jun 14, 2023.

Ans. Follow the steps to check the allotment status for Kore Digital Limited IPO here.