Kore Digital IPO Date, Price, Review, Allotment

Vijay Prajapati
June 14, 2023

Vijay Prajapati

Kore Digital IPO Details: Kore Digital IPO date is fixed, The IPO will open on June 2 and will close on June 7, 2023. Kore Digital is an NSE SME IPO to raise ₹18.00 crores via IPO. The Kore Digital IPO price band is fixed at ₹180 with a market lot of 800 shares.

Kore Digital Limited is an expert in Telecomm and infrastructure development and the development of related allied services. They offer high-end communication solutions to corporate and Telecom Network Operators. The services they offer include installing and commissioning Poles, Towers, and Optical Fibre Cable (OFC) Systems in Maharashtra. They laid fiber of around 450 Kms for their Telecom Network Operators such as Vodafone Idea Ltd, Bharti Airtel Limited, Reliance Jio, and Tata Teleservices.

They developed and currently own and maintain an Optical Fiber Cable Infrastructure Backbone of more than 700 KM across Mumbai city and its surrounding districts of Maharastra. They commissioned more than 600 pole-based cell sites across Mumbai and surrounding regions along with Various RTT’, GBT, and Microwave backhaul. Kore Digital Limited is a lead system Integrator for Reliance JIO, AIRTEL, Vodafone Idea, Samsung and Huawei. Kore Digital Limited provides 100 Gig+ connectivity and communication solutions to top corporate clients i.e. Google, Akamai, RJIO, TATA, BHARTI AIRTEL, VODAFONE IDEA, SIFY and Power Grid Corp etc. KDL has Infrastructure Provider Category I (IPI) license from DOT, Govt. Of India.

Objects of the Issue:

To meet the Working Capital requirements
Investment in Strategic Acquisition / Joint Venture
General Corporate Expenses.

Kore Digital IPO Review

Avoid

Kore Digital IPO Date & Price Band Details

IPO Open:	June 2, 2023
IPO Close:	June 7, 2023
IPO Size:	Approx ₹18.00 Crores, 1,000,000 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹180 Per Equity Share
IPO Listing on:	NSE SME
Retail Quota:	50% of the net offer
NII Quota:	50% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here

Kore Digital IPO Market Lot

The Kore Digital IPO minimum market lot is 800 shares with a ₹144,000 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	800	₹144,000
Retail Maximum	1	800	₹144,000
S-HNI Minimum	2	1600	₹288,000

Kore Digital IPO Dates

The Kore Digital IPO date is June 2 and the IPO close date is June 7. The IPO allotment date is June 12 and the IPO might list on June 14.

IPO Open Date:	June 2, 2023
IPO Close Date:	June 7, 2023
Basis of Allotment:	June 12, 2023
Refunds:	June 13, 2023
Credit to Demat Account:	June 13, 2023
IPO Listing Date:	June 14, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Kore Digital IPO Form

How to apply Kore Digital IPO? You can apply Kore Digital IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Kore Digital IPO in the Invest section. The other option you can apply Kore Digital IPO via IPO forms download via the NSE website. Check out the Kore Digital forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Kore Digital Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2020	₹0.88	₹0.86	₹0.02
2021	₹3.98	₹3.63	₹0.26
2022	₹16.94	₹13.92	₹2.18
2023 9M	₹11.96	₹8.63	₹2.41

Kore Digital IPO Valuation – FY2022

Check Kore Digital IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹2179.72 per Equity Share
Price/Earning P/E Ratio:	NA
Return on Net Worth (RoNW):	86.46%
Net Asset Value (NAV):	₹2521.08 per Equity Share

Peer Group

Suyog Telematics Limited

Company Promoters

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

Kore Digital IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Kore Digital IPO Allotment Status

Check Kore Digital IPO allotment status on Bigshare website URL. Click Here

Kore Digital IPO Lead Managers aka Merchant Bankers

First Overseas Capital Limited

Company Address

Kore Digital Limited
B 1107-1108, Shelton Sapphire Sector 15,
CBD Belapur
Navi Mumbai Thane 400614
Phone: +91 6354458154
Email: [email protected]
Website: http://www.koredigital.com/

Kore Digital IPO FAQs

What is Kore Digital IPO?

Kore Digital IPO is an NSE SME IPO. They are going to raise ₹18.00 Crores via IPO. The issue is priced at ₹180 per equity share. The IPO is to be listed on NSE.

When Kore Digital IPO will open?

The IPO is to open on June 2, 2023 for NII, and Retail Investors.

What is Kore Digital IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Kore Digital IPO?

You can apply Kore Digital IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Kore Digital IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Kore Digital”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Kore Digital IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Kore Digital”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Kore Digital IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Kore Digital”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Kore Digital IPO Size?

Kore Digital IPO size is ₹18.00 crores.

What is Kore Digital IPO Price Band?

Kore Digital IPO Price Band is ₹180 per equity share.

What is Kore Digital IPO Minimum and Maximum Lot Size?

The IPO bid is 800 shares with ₹144,000.

What is Kore Digital IPO Allotment Date?

Kore Digital IPO allotment date is June 12, 2023.

What is Kore Digital IPO Listing Date?

Kore Digital IPO listing date is June 14, 2023. The IPO to list on NSE SME.

Note: The Kore Digital IPO details are announced officially. The IPO grey market premium (Kore Digital IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.