Kore Digital IPO
IPO Details
- Open Date
02 Jun 2023
- Close Date
07 Jun 2023
- IPO Price Range
₹ 180
- IPO Size
₹ 18.00 Cr
- Listing Exchange
NSE SME
- Listing Date
15 Jun 2023
IPO Timeline
Kore Digital IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
2 June'23 | - | 4.09 | 0.18 | 2.24 |
5 June'23 | - | 4.29 | 1.05 | 2.75 |
6 June'23 | - | 5.27 | 4.64 | 4.97 |
7 June'23 | - | 44.86 | 33.26 | 39.46 |
Last Updated: 03 January 2024 8:57 PM by 5Paisa
Kore Digital is a Telecommunication Infrastructure Provider its IPO opens on 2nd June and closes on 7th June.
The issue consists of a fresh issue of 1,000,000 shares aggregating up to ₹18.00 Crores. The price band for the issue is fixed at Rs.180 per share. The lot size is set for 800 shares per lot. The shares will be allotted on the 12th of June and the issue will be listed on the 15th of June on the stock exchanges.
The book-running lead manager to the offer is First Overseas Capital Limited.
Objectives of Kore Digital IPO
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To meet the Working Capital requirements
2. Investment in Strategic Acquisition / Joint Venture
3. General Corporate Expenses.
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.
Peer Comparison
● Suyog Telematics Limited
For More Information:
Webstory on Kore Digital IPO
Kore Digital IPO GMP
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Revenue | 1,694.45 | 397.91 | 87.61 |
EBITDA | 312.53 | 40.91 | 1.82 |
PAT | 217.97 | 25.93 | 1.82 |
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Total Assets | 1,441.57 | 584.81 | 188.66 |
Share Capital | 1 | 1 | 1 |
Total Borrowings | 79.72 | 21.96 | - |
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Net cash generated from / (used in) operating activities | 124.05 | 25.88 | 3.34 |
Net cash from / (used in) investing activities | 0.52 | (37.37) | - |
Net cash flow from / (used in) financing activities | (5.97) | 21.20 | - |
Net increase (decrease) in cash and cash equivalents | 118.60 | 9.71 | 3.34 |
Strengths
a)Established Optic fiber network in Maharashtra
b) Efficient Business Model
c) Co-ordial relationship with suppliers and contractors
Risks
a) There are certain outstanding legal proceedings involving Promoter and Promoter Entities that may adversely affect business, financial condition and results of operations.
b) Delays in the acquisition of the rights of way permission from government or local authorities may adversely affect the timely performance of the contracts and lead to disputes and losses.
c) The company had negative cash flow from certain activity in recent fiscals
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FAQs
The minimum lot size for the Kore Digital IPO is 800 shares.
The price band of the Kore Digital IPO is Rs.180.
The Kore Digital IPO opens on June 2, 2023 and closes on June 7, 2023.
The Kore Digital IPO comprises of a total issue of 1,000,000 shares (aggregating up to ₹18.00 Crores)
The allotment date of Kore Digital IPO is 12th June 2023.
The listing date of Kore Digital IPO is 15th June 2023.
First Overseas Capital Limited is the book runner of Kore Digital IPO.
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To meet the Working Capital requirements
2. Investment in Strategic Acquisition / Joint Venture
3. General Corporate Expenses
To apply for the Kore Digital IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Information
Kore Digital
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Kore Digital IPO Lead Manager
First Overseas Capital Limited