IPO

Kore Digital Limited IPO

NSE SME

Listed On: Jun 14, 2023 at ₹ 201.0

₹ 288000 /1600 Shares
*Min Investment

Check Allotment

02 Jun, 2023

Open Date

07 Jun, 2023

Close Date

12 Jun, 2023

Allotment Date

14 Jun, 2023

Listing Date
Kore Digital Limited IPO Issue Details
  • Issue Price ₹180 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 1,000,000 shares(aggregating up to ₹18.00 Cr)
  • Listing at NSE SME
  • List Price 201.0
  • Listing Date 2023-06-14
  • Lead Manager First Overseas Capital Limited
  • Registrar Bigshare Services Pvt Ltd
Kore Digital Limited IPO Details
  • Retail Portion N/A
Kore Digital Limited IPO Documents
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.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

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Kore Digital Limited IPO Subscription Analysis And Details
Retail
33.25x
Total
39.44x
As on QIB / NII Retail Total
Shares Offered / Reserved 526,000 474,000 1,000,000
Day 1 02-06-23 06:00 PM
4.09 x 0.18 x 2.24 x
Day 2 05-06-23 06:00 PM
4.29 x 1.02 x 2.74 x
Day 3 06-06-23 06:00 PM
5.27 x 4.64 x 4.97 x
Day 4 07-06-23 06:00 PM
44.86 x 33.25 x 39.44 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
In Lakhs
In Lakh
31-Dec-22 31-Mar-22 31-Mar-21 31-Mar-20
Assets 1,573.07 1,441.57 584.81 188.66
Revenue 1,195.71 1,694.45 397.90 87.61
Profit After Tax 253.92 217.97 25.93 1.82
About Kore Digital Limited 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)

Mr. Ravindra Navinchandra Doshi

Mrs. Kashmira Ravindra Doshi

Mr. Chaitanya Ravindarera Doshi

Pre Issue Share Holding : 99.70%

Post Issue Share Holding : 71.38%

Kore Digital Limited IPO - Issue Objectives
1

To meet the Working Capital requirements

2

Investment in Strategic Acquisition / Joint Venture

3

General Corporate Expenses.