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: ipo@bigshareonline.com
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: cs@koredigital.com
Website: http://www.koredigital.com/
Kore Digital IPO FAQs
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