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Kore Digital IPO

  • Status: Closed
  • RHP:
  • ₹ 144,000 / 800 shares

    Minimum Investment

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

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Kore Digital IPO Subscription Status

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

Profit and Loss

Balance Sheet

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