Last updated on June 16, 2023
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.
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
Table of Contents
Kore Digital IPO Details
| Kore Digital IPO Dates | 2 – 7 June 2023 |
| Kore Digital IPO Price | INR 180 per share |
| Fresh issue | 10,00,000 shares (INR 18 crore) |
| Offer For Sale | NIL |
| Total IPO size | 10,00,000 shares (INR 18 crore) |
| Minimum bid (lot size) | 800 shares (INR 144,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Kore Digital Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 |
| Revenue | 87.61 | 397.82 | 1,693.92 | 1,195.71 |
| Expenses | 85.79 | 362.53 | 1,392.19 | 863.00 |
| Net income | 1.82 | 25.93 | 217.97 | 241.07 |
Kore Digital Offer News
- Kore Digital RHP
- Kore Digital Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Kore Digital Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.07 | 1.03 | 8.65 |
| PE ratio | – | – | 20.81 |
| RONW (%) | 22.16 | 75.96 | 86.46 |
| NAV | 0.33 | 1.35 | 10.00 |
| ROCE (%) | 22.17 | 64.44 | 112.89 |
| EBITDA (%) | 2.08 | 10.28 | 18.44 |
| Debt/Equity | 0.00 | 0.64 | 0.07 |
Kore Digital IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 June 2023 | 32 | 1,000 | 20,000 |
| 13 June 2023 | 25 | – | 18,000 |
| 12 June 2023 | 25 | – | 18,000 |
| 9 June 2023 | 22 | – | 15,000 |
| 8 June 2023 | 20 | – | 11,000 |
| 7 June 2023 | 10 | – | 7,000 |
Kore Digital IPO Subscription – Live Updates
| Category | Non-Retail | Retail | Total |
| Shares Offered | 526,000 | 474,000 | 1,000,000 |
| 7 Jun 2023 | 45.04 | 33.26 | 39.46 |
| 6 Jun 2023 | 5.27 | 4.53 | 4.92 |
| 5 Jun 2023 | 4.29 | 1.02 | 2.74 |
| 2 Jun 2023 | 4.09 | 0.18 | 2.24 |
Kore Digital Offer Lead Manager
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email:Â [email protected]
Website:Â www.focl.in
Kore Digital Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Kore Digital IPO Contact Details
KORE DIGITAL LIMITED
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 Date | 2 June 2023 |
| IPO Closing Date | 7 June 2023 |
| Finalization of Basis of Allotment | 12 June 2023 |
| Initiation of refunds | 13 June 2023 |
| Transfer of shares to demat accounts | 14 June 2023 |
| IPO Listing Date | 14 June 2023 |
| Opening Price on NSE SME | INR 201 per share (up 11.67%) |
| Closing Price on NSE SME | INR 190.95 per share (up 6.08%) |
IPO FAQs
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.
