Kore Digital Limited
NSE SME₹144,000 / 800 Shares
IPO Details
Kore Digital Limited IPO is priced between ₹180 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Bigshare Services Pvt Ltd is managing the issue as the registrar.
The IPO bidding period opened on 2 Jun, 2023, and closed on 7 Jun, 2023. The allotment results will be announced on 12 Jun, 2023, with a tentative listing date set for 14 Jun, 2023.
The total issue comprises 1,000,000 shares, amounting to ₹18.00 Cr.
Kore Digital Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Jun 2, 2023 - Jun 7, 2023 | 14 Jun, 2023 | ₹10 Per Equity Share | ₹180 per equity share | - | Shares | - | NSE SME |
Kore Digital Limited IPO Timeline
Issue Price
₹180 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdMarket Lot
800 Shares (₹144,000/-)Lead Manager
First Overseas Capital LimitedIssue Size
1,000,000 shares(aggregating up to ₹18.00 Cr)Retail Portion
N/ASubscription
39.44 timesKore Digital Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 22 | 1573.07 | 1195.71 | 253.92 | - | - | - |
| 31 Mar 22 | 1441.57 | 1694.45 | 217.97 | - | - | - |
| 31 Mar 21 | 584.81 | 397.90 | 25.93 | - | - | - |
| 31 Mar 20 | 188.66 | 87.61 | 1.82 | - | - | - |
All values are in ₹ Lakh
About 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.
Kore Digital Limited IPO Subscription Details
| 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 IPO - Issue Objectives
- To meet the Working Capital requirements
- Investment in Strategic Acquisition / Joint Venture
- General Corporate Expenses.