Kore Digital Limited

Offer PeriodJul 06, 2023 – Jul 08, 2023

Jul 06, 2023 – Jul 08, 2023

NSE - SMEListed

Listed Price:

₹201.00

(-29.47%)

Price Band₹270 - ₹285

Lot Size800 Shares

Allotment DateJul 13, 2023

Listing DateJul 16, 2023

Subscription66.29 Times

Issue Size₹18.00 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹100
(35.09%)

Premium (ELP)

Kore Digital Limited's successfully completed its Initial Public Offering and commenced trading on Jul 16, 2023 at the NSE exchange. The company raised 10,00,000 Shares through this public offering, comprising 10,00,000 Shares in fresh capital.

The IPO was priced within the band of ₹270 to ₹285, with minimum application lots of 800 shares. The offering attracted significant investor interest during its subscription period from Jul 06, 2023 to Jul 08, 2023.

Share allotment was finalized on Jul 13, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Kore Digital IPO Details

IPO Date

Jul 06, 2023 to Jul 08, 2023

Allotment Date

Jul 13, 2023

List Date

Jul 16, 2023

Lot Size

800 share

Issue Price

₹270 - ₹285

Issue Size

10,00,000 (aggregating up to 18.00 Cr)

Fresh Issue

10,00,000 (aggregating up to 18.00 Cr)

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

25,20,000

Share Holding Post-Issue

35,20,000

Market Marker Portion

52,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	52	14,820
sHNI	14	728	2,07,480
bHNI	68	3536	10,07,760

IPO Reservation

Shares10,00,000

QIB

5.20%(52,000)

NII (HNI)

47.40%(4,74,000)

RETAIL

47.40%(4,74,000)

Total

100.00%(10,00,000)

Kore Digital IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	10.08
ROE	0.67
ROCE	0.49
RONW	50.18
PRE IPO(PE)	17.86
POST IPO(PE)	0

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (In Lakhs)

Period Ended	Mar 2020	Mar 2021	Mar 2022	Mar 2023

Period Ended	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Assets	188.66	584.81	1,441.57	1,573.07
Revenue	87.61	397.90	1,694.45	1,195.71
Net Worth	8.21	34.14	252.11	506.02
Total borrowing	0	21.96	17.72	184.18
Profit after tax	1.82	25.93	217.97	253.92
Reserves and Surpluses	7.21	33.14	251.11	254.02

Kore Digital IPO About Company

Incorporated in 2009, Kore Digital Limited is a telecommunications infrastructure provider offering high-end communication solutions mainly in Maharashtra. The company provides services such as installation and commissioning of Poles, Towers, and Optical Fibre Cable (OFC) systems. Kore Digital holds a DoT-issued Infrastructure Provider (IP-I) License, allowing it to establish and maintain assets like Dark Fibres, duct space, right of way, and towers to lease or sell to telecom operators, broadband players, and ISPs. As of 2023, the company has laid around 450 km of fiber for major telecom networks such as Vodafone Idea, Bharti Airtel, Reliance Jio, and Tata Teleservices across Mumbai, Navi Mumbai, Thane, Bhiwandi, Kalyan, Panvel, and Pune.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Kore Digital IPO Strength Factors

⚠️Kore Digital IPO Risk Factors

🏦Kore Digital IPO Lead Manager(s)

First Overseas Capital Limited

👤Kore Digital IPO Promoter(s)

Mr. Ravindra Navinchandra Doshi
Mrs. Kashmira Ravindra Doshi
Mr. Chaitanya Ravindarera Doshi

🏢Kore Digital IPO Company Details

Kore Digital Limited

Email:cs@koredigital.com

Phone:+91 6354458154

Website:http://www.koredigital.com/

address:B 1107-1108, Shelton Sapphire Sector 15, CBD Belapur Navi Mumbai Thane 400614

📋Kore Digital IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/IPO_Status.html

❓Kore Digital IPO FAQs

Kore Digital IPO is a main-board IPO of 10,00,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹270 - ₹285 per share. The minimum order quantity is .The IPO opens on Jul 06, 2023, and closes on Jul 08, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in Kore Digital IPO using UPI as a payment gateway. Zerodha customers can apply in Kore Digital IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Kore Digital IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Kore Digital IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Kore Digital IPO opens on Jul 06, 2023 and closes on Jul 08, 2023.

You can apply in Kore Digital IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Kore Digital IPO will be done on Jul 13, 2023, and the allotted shares will be credited to your demat account by Jul 13, 2023

Kore Digital IPO's listing date is Jul 16, 2023.

Kore Digital Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹100(35.09%)

Premium (ELP)

₹100
(35.09%)