| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹18.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹18.00 Cr |
| Fresh Issue | ₹17.06 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน180.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | KDL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | First Overseas Capital Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 800 shares and in multiples thereof
Incorporated in 2009, 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.
The company has been licensed by the Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License in the year 2009. Under the license, they can establish and maintain assets Dark Fibres, right of way, duct space, and tower for the purpose to grant on lease or rent or sale basis to the licensees of Telecom Network Operators, Broad Band Service Operators, and ISPs.
As of 2023, Kore Digital Limited has laid fiber of around 450 Kms for their Telecom Network Operators such as Vodafone Idea Ltd, Bharti Airtel Limited, Reliance Jio, and Tata Teleservices. These include fiber laid under Vendor Projects and their own network running across Mumbai- Navi Mumbai, Thane, Bhiwandi, Kalyan, Panvel, and in Pune.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | To meet the Working Capital requirements | 11.20 |
| 2 | Investment in Strategic Acquisition / Joint Venture | 1.80 |
| 3 | General Corporate Expenses | 4.50 |
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 15.73 | 14.42 | 5.85 | 1.89 |
| Total Income | 11.96 | 16.94 | 3.98 | 0.88 |
| Profit After Tax | 2.54 | 2.18 | 0.26 | 0.02 |
| NET Worth | 5.06 | 2.52 | 0.34 | 0.08 |
| Reserves and Surplus | 2.54 | 2.51 | 0.33 | 0.07 |
| Total Borrowing | 1.84 | 0.18 | 0.22 | |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 0.67% |
| ROCE | 0.49% |
| Debt / Equity | 0.36% |
| RoNW | 50.18% |
| PAT Margin | 12.86% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 10.08 | |
| P/E (x) | 17.86 | |
| Promoter Holding | 99.70% | 71.38% |
| Market Cap | โน63.36 Cr. | |