Kore Digital IPO Details ( Kore Digital Limited IPO Review )
(02 Jun 2023 – 07 Jun 2023)
Established in 2009, Kore Digital Limited functions as a Telecommunication Infrastructure Provider. The company’s inception aimed to deliver top-notch communication solutions to both corporate entities and Telecom Network Operators.
Kore Digital primarily operates within the state of Maharashtra, focusing on providing a range of services such as the installation and commissioning of Poles, Towers, and Optical Fibre Cable (OFC) Systems in the region.
In 2009, Kore Digital obtained the Infrastructure Provider (IP)-I License from the Department of Telecommunications (DoT). This license authorizes the company to establish and maintain assets such as Dark Fibres, right of way, duct space, and towers. These assets can be leased, rented, or sold to licensees of Telecom Network Operators, Broadband Service Operators, and ISPs.
By 2023, Kore Digital Limited has successfully deployed approximately 450 kilometers of fiber for various Telecom Network Operators, including Vodafone Idea Ltd, Bharti Airtel Limited, Reliance Jio, and Tata Teleservices. This extensive fiber network encompasses both vendor projects and Kore Digital’s own infrastructure, spanning across key areas such as Mumbai, Navi Mumbai, Thane, Bhiwandi, Kalyan, Panvel, and Pune.
Kore Digital Limited IPO Competitive Strength
- Experienced Promoter, Management Team and Skilled Workforce
- Established Optic fiber network in Maharashtra
- Efficient Business Model
- Co-ordial relationship with our suppliers and contractors
Kore Digital IPO Financials Performance ( Results )
Kore Digital Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 188.66 | 87.61 | 1.82 | 18.19 | 8.21 | 82.07 | 7.21 | 0 |
| 31-Mar-21 | 584.81 | 397.90 | 25.93 | 259.29 | 34.14 | 341.36 | 33.14 | 21.96 |
| 31-Mar-22 | 1,441.57 | 1,694.45 | 217.97 | 2179.72 | 252.11 | 2,521 | 251.11 | 17.72 |
| 31-Dec-22 | 1,573.07 | 1,195.71 | 253.92 | 10.08 | 506.02 | 20.00 | 254.02 | 184.18 |
Objective of IPO Issue
- To meet the Working Capital requirements
- Investment in Strategic Acquisition / Joint Venture
- General Corporate Expenses.
Kore Digital IPO Basic Details
| IPO Date | Jun 2, 2023 to Jun 7, 2023 |
| Listing Date | Thursday, 15 June 2023 |
| Face Value | ₹10 per share |
| Price | ₹180 per share |
| Lot Size | 800 Shares |
| Issue Size | 1,000,000 shares (aggregating up to ₹18.00 Cr) |
| Fresh Issue | 1,000,000 shares (aggregating up to ₹18.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,520,000 |
| Share holding post issue | 3,520,000 |
| Company Promoters | Mr. Ravindra Navinchandra Doshi, Mrs. Kashmira Ravindra Doshi And Mr. Chaitanya Ravindra Doshi |
Kore Digital IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Kore Digital IPO Timetable
Kore Digital IPO will open on Jun 02, 2023 and close on Jun 07, 2023. You can join Kore Digital IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 2 June 2023 (Friday) |
| Closing Date | 7 June 2023 (Wednesday) |
| Basis of Allotment | 12 June 2023 (Monday) |
| Initiation of Refunds | 13 June 2023 (Tuesday) |
| Credit of Shares to Demat | 14 June 2023 (Wednesday) |
| Listing Date | 15 June 2023 (Thursday) |
| Deadline for Confirming UPI mandate | 5 PM on 7 June 2023 |
Kore Digital IPO Lot Size
For retail investors in Kore Digital IPO, 800 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| S-HNI (Min) | 2 | 1600 | ₹288,000 |
Kore Digital IPO Promoter Holding
| Pre Issue Share Holding | 99.70% |
| Post Issue Share Holding | 71.38% |
Kore Digital IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹1179.32 per Equity Share |
| Price/Earning P/E Ratio | 29.08 |
| Return on Net Worth (RoNW) | 72.24% |
| Net Asset Value (NAV) | ₹20.18 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 8.92 |
Kore Digital Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 63.36 |
| P/E (x) | 29.08 |
| ROE (%) | 1.52 |
| ROCE (%) | 1.13 |
| Debt/Equity | 0.07 |
Kore Digital IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 14 Jun 2023 | ₹48 | – | – |
| 13 Jun 2023 | ₹45 | – | – |
| 12 Jun 2023 | ₹36 | – | – |
| 11 Jun 2023 | ₹30 | – | – |
| 10 Jun 2023 | ₹22 | – | – |
| 9 Jun 2023 | ₹25 | – | – |
| 8 Jun 2023 | ₹24 | – | – |
| 7 Jun 2023 | ₹24 | – | – |
| 6 Jun 2023 | ₹12 | – | – |
| 5 Jun 2023 | ₹5 | – | – |
| 4 Jun 2023 | ₹0 | – | – |
| 3 Jun 2023 | ₹0 | – | – |
| 2 Jun 2023 | ₹0 | – | – |
| 1 Jun 2023 | ₹0 | – | – |
Kore Digital IPO Detail Video:
Kore Digital IPO Subscription Status (Bidding Detail)
The Kore Digital IPO on Jun 07, 2023 at 7:30:00 PM was subscribed 39.46 times, with the retail category being subscribed 33.26 times, the other category being subscribed 44.86 times.
| Category | Subscription |
| Other | 44.86x |
| Retail | 33.26x |
| Total | 39.46x |
Kore Digital IPO Prospectus
Kore Digital IPO Rating
| Our Rating | 2.0/5.0 |
Kore Digital Company Contact Information
Kore Digital Limited
Registered Office: B 1107-1108, Shelton Sapphire Sector 15,
CBD Belapur Navi Mumbai Thane 400614,
Maharashtra, India
Tel. No.: +916354458154
Email: cs@koredigital.com
Website: www.koredigital.com
Contact Person: Ms. Purnima Deepak Maheshwari, Company Secretary & Compliance Officer
Kore Digital IPO Registrar
Bigshare Services Private Limited
Registered Office: S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura
Centre, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C.
SEBI Registration No.: INR000001385
Kore Digital IPO Lead Manager
First Overseas Capital Limited
Registered Office: 1-2 Bhupen Chambers, Dalal Street,
Fountain, Mumbai – 400 001, Maharashtra, India
Tel No.: +91 22 4050 9999
Email: mb@focl.in
Investor Grievance Email: investorcomplaints@focl.in
Website: www.focl.in
Contact Person: Ms. Mala Soneji/ Mrs. Hemali Solanki
SEBI Registration No: INM000003671
Kore Digital IPO FAQs
What is the lot size of Kore Digital IPO?
The total size of Kore Digital IPO is ₹18.00 crores and this is a complete fresh Issue.
When will Kore Digital IPO start?
Kore Digital IPO will Open from 2 June 2023 and IPO will Close on 7 June 2023.
What is the open date of Kore Digital IPO?
Kore Digital IPO will open date from 02 Jun 2023.
What is the last date ( close date ) of Kore Digital IPO?
Kore Digital IPO will close from 07 Jun 2023.
What is the price band of Kore Digital IPO?
Kore Digital IPO price band is ₹180.
What is the minimum amount required to apply for Kore Digital IPO?
The minimum investment for retailers to apply for Kore Digital IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of Kore Digital IPO?
View gray market premium of Kore Digital IPO by Clicking Here
How much is the GMP of Kore Digital IPO?
Watch Kore Digital IPO GMP Today: Click Here
What is the allotment date of Kore Digital IPO?
The Allotment Date of Kore Digital IPO is 12 Jun 2023.
How to check allotment status in Kore Digital IPO?
To check the allotment status of Kore Digital IPO, first of all go to the registrar website by clicking here, select your bad Kore Digital IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Kore Digital IPO?
The Listing Date of Kore Digital IPO is 15 Jun 2023.
How much will be the listing gain in Kore Digital IPO?
View listing gain of Kore Digital IPO by Clicking Here
How much time Kore Digital IPO is subscribed?
Total 39.46 times subscribed in Kore Digital IPO out of which 33.26 times subscription was done in retail quota, 44.86 times subscription in other quota.
How to apply for Kore Digital IPO from Upstox?
Click Here to see how to apply for Kore Digital IPO from Upstox. (step by step)
How to apply for Kore Digital IPO from Zerodha?
Click Here to see how to apply for Kore Digital IPO from Zerodha. (step by step)
How to apply for Kore Digital IPO from Angle One?
Click Here to see how to apply for Kore Digital IPO from Angle One. (step by step)
