Kore Digital Limited, founded in 2009, is a leading Telecommunication Infrastructure Provider, offering cutting-edge communication solutions to corporate clients and Telecom Network Operators.
The company primarily operates in Maharashtra, providing comprehensive services that encompass the installation and commissioning of Poles, Towers, and Optical Fiber Cable (OFC) Systems.
In 2009, Kore Digital was licensed by the Department of Telecommunications (DoT) with the prestigious Infrastructure Provider (IP)-I License. This license allows the company to establish and maintain critical assets such as Dark Fibers, right of way, duct space, and towers. These assets are made available for lease, rent, or sale to licensed Telecom Network Operators, Broad Band Service Operators, and ISPs.
With a strong focus on delivering high-quality services, Kore Digital has laid an extensive network of approximately 450 kilometers of fiber for major Telecom Network Operators like Vodafone Idea Ltd, Bharti Airtel Limited, Reliance Jio, and Tata Teleservices. The fiber infrastructure spans key areas including Mumbai, Navi Mumbai, Thane, Bhiwandi, Kalyan, Panvel, and Pune.
Kore Digital Limited continues to play a crucial role in enhancing telecommunication infrastructure, enabling seamless connectivity and communication services for both businesses and end-users in the region.
Stock Quote #
- Open: ₹236.20
- High – Low: ₹248.30 – ₹229.00
- Previous Close: ₹235.15
- Total Traded Value: 51,200
- Updated On: Jul 20, 2023 4:00 PM
Kore Digital IPO Details #
| IPO Date | Jun 2, 2023 to Jun 7, 2023 |
| Listing Date | Jun 14, 2023 |
| Face Value | ₹10 per share |
| Price | ₹180 per share |
| Lot Size | 800 Shares |
| 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 #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 52,000 (5.20%) |
| Other Shares Offered | 474,000 (47.40%) |
| Retail Shares Offered | 474,000 (47.40%) |
| Total Shares Offered | 1,000,000 (100%) |
Kore Digital IPO Timetable (Tentative) #
Kore Digital IPO opens on Jun 2, 2023, and closes on Jun 7, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 2 June 2023 |
| Closing Date | Wednesday, 7 June 2023 |
| Basis of Allotment | Monday, 12 June 2023 |
| Initiation of Refunds | Tuesday, 13 June 2023 |
| Credit of Shares to Demat | Wednesday, 14 June 2023 |
| Listing Date | Wednesday, 14 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 7, 2023 |
Kore Digital IPO Lot Size #
The Kore Digital IPO lot size is 800 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
| Lot Size Calculator | |||
Kore Digital IPO Promoter Holding #
Mr. Ravindra Navinchandra Doshi, Mrs. Kashmira Ravindra Doshi, and Mr. Chaitanya Ravindarera Doshi are the promoters of the company.
| Pre Issue Share Holding | 99.70% |
| Post Issue Share Holding | 71.38% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 188.66 | 87.61 | 1.82 | 8.21 | 7.21 | |
| 31-Mar-21 | 584.81 | 397.90 | 25.93 | 34.14 | 33.14 | 21.96 |
| 31-Mar-22 | 1,441.57 | 1,694.45 | 217.97 | 252.11 | 251.11 | 17.72 |
| 31-Dec-22 | 1,573.07 | 1,195.71 | 253.92 | 506.02 | 254.02 | 184.18 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 17.86 |
| Market Cap (₹ Cr.) | 63.36 |
| ROE | 0.67% |
| ROCE | 0.49% |
| Debt/Equity | 0.36 |
| EPS (Rs) | 10.08 |
| RoNW | 50.18% |
Objects of the Issue #
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
- To meet the Working Capital requirements
- Investment in Strategic Acquisition / Joint Venture
- General Corporate Expenses.
Kore Digital IPO Subscription Status (Bidding Detail) #
The Kore Digital IPO is subscribed 41.56 times on Jun 7, 2023 7:29:00 PM. The public issue subscribed 33.26 times in the retail category, times in the QIB category, and 49.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 49.67 |
| Retail | 33.26 |
| Total | 41.56 |
Total Application : 19,706 (33.23 times)
Kore Digital IPO Prospectus #
- Kore Digital IPO DRHP
- Kore Digital IPO RHP
Kore Digital IPO Listing Details #
| Listing Date | Jun 14, 2023 |
| BSE Script Code | |
| NSE Symbol | KDL |
| ISIN | INE0O4R01018 |
| Final Issue Price | ₹180 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹180.00 |
| ₹201.00 |
| ₹190.95 |
| ₹210.00 |
| ₹190.95 |
Company Contact Information #
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 Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Kore Digital IPO Lead Manager(s) #
Frequently Asked Questions #
What is the business of Sonalis Consumer Products Limited? #
Sonalis Consumer Products Limited is engaged in the distribution of nutritious bars and healthy snacks. Their product portfolio includes Granola Bar, Healthy Laddu and Puffs, Cheeseling, Chakli, Diet Bhel, and Sev.
When is the Sonalis Consumer Products IPO opening and closing date? #
The Sonalis Consumer Products IPO will open for subscription on June 7, 2023, and close on June 9, 2023.
What is the issue price and lot size of the Sonalis Consumer Products IPO? #
The issue price of Sonalis Consumer Products IPO is ₹30 per share, and the lot size is 4000 shares.
What is the total issue size of the Sonalis Consumer Products IPO? #
The total issue size of the Sonalis Consumer Products IPO is 944,000 shares, aggregating up to ₹2.83 crores.
What are the reservation details for Sonalis Consumer Products IPO? #
The IPO offers 5.51% of shares to Market Makers, 47.03% to other shareholders, and 47.46% to retail investors.
Who are the promoters of Sonalis Consumer Products Limited? #
The promoters of the company are Sonali Nilesh Kocharekar and Smita Shashikant Shah.
What is the financial performance of Sonalis Consumer Products Limited? #
As of the financial period ending December 31, 2022, Sonalis Consumer Products Limited reported total assets of ₹649.77 lakhs, total revenue of ₹420.47 lakhs, and a net profit of ₹68.45 lakhs.
What are the key performance indicators of Sonalis Consumer Products Limited? #
The key performance indicators include a P/E ratio of 6.56, EPS of ₹10.08, and RoNW of 19.60%.
Please note that the information provided in the FAQs is based on the data available. For more detailed and up-to-date information, please refer to the official sources and the prospectus of Sonalis Consumer Products IPO.
