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SME IPO Status: Listed [2nd Jun 2023 to 7th Jun 2023]
Kore Digital Limited offers a SME IPO issue size of 1,000,000 equity shares worth Rs 18.00 Cr. The subscription for this SME IPO is opening from 02 Jun 2023 to 07 Jun 2023. The face value of the equity share is Rs 10 per share. The issue price for this SME IPO is fixed at Rs 180 per share along with the lot size of 800 shares and its multiples.
Stay updated with us to know more about the Kore Digital Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 2nd Jun 2023 |
| SME IPO Issue Closing Date: | 7th Jun 2023 |
| SME IPO Issue Price: | ₹180 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹18.00 Cr |
| Fresh Issue: | ₹18.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.70% |
| Promoter Holding Post IPO: | 71.38% |
| Allotment Status: | Allotment Status |
| NSE Code: | KDL |
Get important updates regarding Kore Digital SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Jun 2023 |
| Refunds Initiation* | 13th Jun 2023 |
| Credit of Shares to Demat* | 14th Jun 2023 |
| SME IPO Listing Date* | 14th Jun 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹180 |
| Market Lot: | 800 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 1600 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-06-2023 | 180 | 48 | 19000 | ₹228 (26.67%) | 14-Jun-2023 15:24 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Kore Digital Limited was founded in 2009. Kore Digital Limited (Kore Digi) was founded with the goal of providing high-end communications solutions for enterprises and telecom network operators. The company is a growing provider of passive telecom infrastructure in Maharashtra and is primarily engaged in installing and commissioning poles, towers and fibre optic cable systems in Maharashtra. "Passive infrastructure" refers to the telecommunication towers used for wireless telecommunication services, and "OFC" is used to host and support the operation of active infrastructure used to transmit telecommunication signals or transport voice and data traffic.
The Company obtained an Infrastructure Provider (IP)-I licence from the Department of Telecommunications (DoT) in 2009, which allows it to lease, rent or sell dark fibre, rights-of-way, ducts and towers for use by telecommunications network operator licensees, broadband service providers and ISPs. In addition, the Company provides support services such as project management for laying ducts and fibre optic cables, construction of basic transmission and telecommunication facilities, leasing of dark fibre cables, construction of fibre optic networks, maintenance of ducts and fibre optic cables, and turnkey fibre optic projects for various telecom network operators, broadband service providers, and ISPs throughout Maharashtra.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Telecom Sector | ₹18.00 Cr | http://www.koredigital.com/ |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 526,000 (52.6%) | 474,000 (47.4%) | 1,000,000 | |
| 1 | 2nd Jun 2023 19:31 | 4.09x | 0.18x | 2.24x |
| 2 | 5th Jun 2023 19:31 | 4.29x | 1.05x | 2.75x |
| 3 | 6th Jun 2023 19:31 | 5.27x | 4.64x | 4.97x |
| 4 | 7th Jun 2023 19:31 | 44.86x | 33.26x | 39.46x |
| 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 | ||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Kore Digital Limited | 2179.72 | 2179.72 | 2521.08 | 0.08 | 86.46 | |
| Suyog Telematics Limited | 40.1 | 40.1 | 179.64 | 9.25 | 21.97 |
Last Updated on 17-Jun-2023 09:00:09
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kore Digital SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kore Digital SME IPO with Zerodha.
Alternate approch to apply in Kore Digital SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Kore Digital SME IPO Review and Important Updates
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To subscribe or apply in Kore Digital SME IPO, you can use the following methods:
| Kore Digital SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Kore Digital SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Kore Digital SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Kore Digital SME IPO. Most of the Syndicate Banks provide access to apply in Kore Digital IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kore Digital SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Kore Digital SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Kore Digital SME IPO Review and Important Updates
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Kore Digital SME IPO is going to be list on 14-06-2023. NSE Code for Kore Digital is KDL. BSE Code for Kore Digital is .
Other relevant questions:
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Kore Digital SME IPO Allotment Date is 12-06-2023.
Other relevant questions:
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