Kore Digital Ltd (NSE SME)
June 2, 2023 – June 7, 2023
| Price | ₹180 - ₹180 |
| Premium | ₹52 |
|---|---|
| Lot size | 800 |
| Allotment | Jun 12, 2023 |
| Listing | Jun 14, 2023 |
Kore Digital Limited
B 1107-1108, Shelton Sapphire Sector 15,
CBD Belapur
Navi Mumbai Thane 400614
Phone: +91 6354458154
Email: cs@koredigital.com
Website: http://www.koredigital.com/
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 4,74,000 | 2,35,97,600 | 49.78 |
| RETAIL | 4,74,000 | 1,57,64,800 | 33.26 |
| Total | 9,48,000 | 3,93,62,400 | 41.52 |
| Retail Apps | 19,706 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 800 | 144000 | 0 |
| HNI | 2 | 1600 | 288000 | 0 |
Incorporated in 2009, 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 IPO Details
| Total 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 |
| Market Maker portion | 52,000 shares (Nnm Securities) |
Kore Digital IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Note:
- Market Maker portion of 52,000 equity shares is added to NII Reservation.
- Total Shares offered: QIB+NII+RII.
Company Financials
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Dec-22 |
|---|---|---|---|---|
| Total Assets | 188.66 | 584.81 | 1,441.57 | 1,573.07 |
| Total Revenue | 87.61 | 397.90 | 1,694.45 | 1,195.71 |
| Profit After Tax | 1.82 | 25.93 | 217.97 | 253.92 |
| Net Worth | 8.21 | 34.14 | 252.11 | 506.02 |
| Reserves and Surplus | 7.21 | 33.14 | 251.11 | 254.02 |
| Total Borrowing | 21.96 | 17.72 | 184.18 |