NEWS

Kore Digital Limited IPO : Company Highlights

Kore Digital Limited IPO is set to launch on 2 June, 2023. The company initiated its business operations in the year 2009. It is in the business of providing telecommunication infrastructure. The aim of the company is to provide high end communication solutions to Telecom network operators and corporates. The company’s primary operations are run in Maharashtra. The services provided by Kore Digital are Installing and commissioning Towers, Poles and Optical Fibres. It got its licence in the very year of its inception from the department of telecom.

Kore Digital Limited IPO DETAILS

Kore Digital Limited IPO is set to launch on 2June, 2023. The subscription timeline extends till 7 June, 2023. The size for the IPO is 18 Crore Rs. Shares issued through fresh issue mode are worth 18 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 800 shares and the price is 180 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Kore Digital Limited IPO

IPO OPENING DATE	2 June, 2023
CLOSING DATE FOR IPO	7 June, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	180 Rs per share
LOT SIZE	800 shares
MINIMUM ORDER QUANTITY	800 shares
ISSUE SIZE	18 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	18 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	15 June, 2023

Kore Digital Limited IPO : IMPORTANT DATES

IPO OPENING DATE	2 June, 2023
CLOSING DATE FOR IPO	7 June, 2023
IPO ALLOTMENT DATE	12 June, 2023
REFUNDS	13 June, 2023
DEMAT A/C CREDITED ON	14 June, 2023
IPO LISTING DATE	15 June, 2023

Kore Digital Limited IPO begins for subscription from 2 June, 2023. The IPO subscription would continue till 7 June, 2023. The allotment status for the shareholders who applied would come on 12 June, 2023. The refunds for the ones who did not get allotment would be initiated on 13 June, 2023. The DEMAT accounts of shareholders would be credited on 14 June, 2023. The listing of the company would be accompanied on 15 June, 2023.

Kore Digital Limited IPO : Lead Managers

The lead managers are :

First Overseas Capital Limited

The minimum lot size for the company is decided at 800 shares. This holding accounts to 144000 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 288000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	800 shares	144000 Rs.
Maximum	1600 shares	288000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The Issue proceeds will be utilised for fulfilling the working capital requirements.
For strategic investment and acquisitions.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	188	584	1441
Revenue	87	397	1695
PAT	1.26	26	218

Kore Digital Limited had an asset base of 188 Lklah Rs in the year 2020. The company has shown a huge amount of growth since then. The asset base of the firm which was 188 Lakh Rs increased to 584 Lakh Rs which is almost 400 Lakh Rs of increase in the amount. In 2022 as well the assets increased to 1441 Lakh Rs which is now more than 800 Lakh Rs of increase. The revenue of the firm has also been achieving new highs. The firm’s revenue was 87 Lakh Rs in 2020 which increased to a mighty 397 Lakh Rs in 2021 and 1695 Lakh Rs in 2022. The company has also managed to be profitable, showing growth. The profit of the firm was 1.26 Lakh Rs in 2020 which increased to 26 Lakh Rs in 2021 and 218 Lakh Rs in 2022.

PROS

The company’s primary operations are run in Maharashtra. The services provided by Kore Digital are Installing and commissioning Towers, Poles and Optical Fibres.
It got its licence in the very year of its inception from the department of telecom.