Kore Digital IPO GMP, Review, Price, Allotment

Kore Digital IPO GMP

Kore Digital IPO description – Incorporated in 2009, Kore Digital was set up with an object to provide high-end communication solutions to corporate and Telecom Network Operators. It is a growing passive telecommunication infrastructure provider in Maharashtra, engaged primarily in the business of installing and commissioning poles, towers, and optical fiber cable (‘OFC’) systems in Maharashtra.

The company also provides support services such as project management for laying of the duct and optic fiber cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fiber, and optical fiber project turnkey services to various, Telecom Network Operators & Broad Band Service Operators and ISPs across Maharashtra.

The company’s top customers in Telecom Network Operators are Bharti Airtel Limited, Vodafone Idea Ltd, Reliance JIO, and Tata Teleservices in Telecom, Vendors are Ductrove Innovations Private Limited, Sterlite Technology Limited, Usha Martin Limited, Broad Band Service Operators are Dvois SSV Private Limited, Intech Online Pvt Ltd, and in ISPs are Dvois Communication Private Limited.

Kore Digital

Detailed below is the company’s business operation and project execution process:

  • Client Engagement and Assignment of Project
  • Feasibility Study
  • ROW Permission
  • Project Execution
  • Link Testing and Acceptance Test
  • Project Handover and Billing
  • Operation & Maintenance (O&M)

Promoters of Kore Digital – Mr. Ravindra Navinchandra Doshi, Mrs. Kashmira Ravindra Doshi, and Mr. Chaitanya Ravindra Doshi

Kore Digital IPO Details

Kore Digital IPO Dates2 – 7 June 2023
Kore Digital IPO PriceINR 180 per share
Fresh issue10,00,000 shares (INR 18 crore)
Offer For SaleNIL
Total IPO size10,00,000 shares (INR 18 crore)
Minimum bid (lot size)800 shares (INR 144,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Kore Digital Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income1.8225.93217.97241.07
Figures in INR Lakhs unless specified otherwise

Kore Digital Offer News

Kore Digital Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio20.81
RONW (%)22.1675.9686.46
ROCE (%)22.1764.44112.89
EBITDA (%)2.0810.2818.44
Debt/Equity 0.000.640.07
*Compiled by IPO Central from Prospectus

Kore Digital IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
14 June 2023321,00020,000
13 June 20232518,000
12 June 20232518,000
9 June 20232215,000
8 June 20232011,000
7 June 2023107,000

Kore Digital IPO Subscription – Live Updates

Shares Offered526,000474,0001,000,000
7 Jun 202345.0433.2639.46
6 Jun 20235.274.534.92
5 Jun 20234.291.022.74
2 Jun 20234.090.182.24
As of 5:02 PM

Kore Digital Offer Lead Manager

1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email[email protected]
Website: www.focl.in

Kore Digital Offer Registrar

S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com

Kore Digital IPO Contact Details

B 1107-1108, Shelton Sapphire Sector 15,
CBD Belapur Navi Mumbai Thane 400614, Maharashtra
Phone: +916354458154
E-mail: [email protected]
Website: www.koredigital.com

Kore Digital IPO Allotment Status

Kore Digital IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Kore Digital IPO Dates & Listing Performance

IPO Opening Date2 June 2023
IPO Closing Date7 June 2023
Finalization of Basis of Allotment12 June 2023
Initiation of refunds13 June 2023
Transfer of shares to demat accounts14 June 2023
IPO Listing Date14 June 2023
Opening Price on NSE SMEINR 201 per share (up 11.67%)
Closing Price on NSE SMEINR 190.95 per share (up 6.08%)


What is the Kore Digital offer size?

Kore Digital offer size is INR 18 crores.

What is the Kore Digital offer price band?

Kore Digital public offer price is INR 180 per share.

What is the lot size of the Kore Digital IPO?

Kore Digital offer lot size is 800 shares.

What is Kore IPO GMP today?

Kore Digital IPO GMP today is INR 40 per share.

What is the Kore kostak rate today?

Kore Digital kostak rate today is INR 1,500 per application.

What is Kore Subject to Sauda rate today?

Kore Digital Subject to Sauda rate today is INR 25,000 per application.


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