Kore Digital IPO Particulars & Guidance at Chanakyanipothi.com,
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Kore Digital IPO Review:
The company is a passive telecommunication infrastructure provider in Maharashtra and since inception, it has commissioned more than 600 pole-based cell sites in and around Mumbai, developed its own network of around 450 KM underground Optic fiber Ducts. More details of the business are given below. However total income and bottom-line show some good figures only in the year prior to the IPO. This aspect is not impressive. About grey market fancy, pl. check latest updates.
What is the GMP of Kore Digital IPO?
Prior to listing
GMP: Rs. 48
Kostak Rs. 1300/Close
Allotted application rates: Rs.30000
Kore Digital IPO Subscription Status
On 7 June 2023 @ 5.00 (Day 4) (Closed)
NII: 474000 Shares 44.86 T
RII: 474000 Shares 33.26 T
Total: 948000 Shares 39.46 T
Kore Digital IPO Particulars & Guidance:
About the business
Kore Digital is a growing passive telecommunication infrastructure provider in Maharashtra, engaged primarily in the business of installing and commissioning of Poles, Towers and Optical Fibre Cable (“OFC”) Systems in Maharashtra. “Passive infrastructure” refers to the telecommunication towers for wireless telecommunication services and “OFC” is used for the purpose of hosting and assisting in the operation of the active infrastructure used for transmitting telecommunications signals or transporting voice and data traffic. Being a passive communication infrastructure Company, we are focused towards providing passive communication infrastructure services mainly to the Telecom Network Operators, Telecom Vendors, Broad Band Service Operators and Internet Service Providers (“ISPs”) in Maharashtra, especially in locations in and around Mumbai.
The company has been licensed by Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License in the year 2009, under which it 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, Telecom Vendors, Broad Band Service Operators and ISPs.
It also provided support services such as includes project management for laying of the duct and optic fibre cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fibre and optical fibre project turnkey services to various, Telecom Network Operators & Broad Band Service Operators across Maharashtra. Apart from laying the network under the Vendor project or own network, it is also engaged in the operations & maintenance activity of the fibre network and preventing the underground optic fiber therein from getting cut due to activities like road repairs, digging and expansion works by various authorities.
Under the IP-I License, last 14 years (from incorporation till 2023), it has commissioned more than 600 pole-based cell sites in and around Mumbai, developed its own network of around 450 KM underground Optic fiber Ducts during the last 5 years and in 2 years, the Company has developed and delivered underground fiber optic backbone covering 450 KM underground Optic fiber Ducts in and around Mumbai.
Get more information about the company @ www.koredigital.com
Kore Digital IPO Details | |
IPO opens on Tentative | 2 June 2023 |
IPO closes on | 7 June 2023 |
Issue Type | Book Built Issue IPO |
Issue Size | 10,00,000 Sh /Rs 18Cr |
* Fresh Issue | 10,00,000 Sh /Rs 18 Cr |
* Offer for Sale | – Sh /Rs – Cr |
Face Value per share: | Rs. 10 |
Price Band | Rs.180 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 800 Shares |
Listing will at | NSE SME |
Shares offered to | ||
Shares | Rs. (Cr) | |
QIB (0%) | – | – |
NII (50%) | 474000 | 8.53 |
RII (50%) | 474000 | 8.53 |
Total Shares | 948000 | 17.06 |
Retail portion will be oversubscribed by | 593 | |
Forms | ||
How much Shares to Apply in Remus Pharmaceuticals IPO? | ||
Min Retail Application | 800 Sh | Rs. 144000 |
Min HNI Application | 1600 Sh | Rs. 144000 |
Who are the Promoters of Kore Digital IPO?
MR. RAVINDRA NAVINCHANDRA DOSHI, MRS. KASHMIRA RAVINDRA DOSHI AND MR. CHAITANYA RAVINDRA DOSHI
What are the Objects of Kore Digital IPO?
The Company proposes to utilize the Net Proceeds from the Issue
1) To meet the Working Capital requirements;
2) Investment in Strategic Acquisition / Joint Venture
IPO Tentative timetable | |
IPO opens on | 2 June 2023 |
IPO Closes on | 7 June 2023 |
IPO Allotment on | 12 June 2023 |
Unblocking of ASBA | 13 June 2023 |
Credit of Shares | 14 June 2023 |
Listing on | 15 June 2023 |
Registered Office of the Company B 1107-1108, Shelton Sapphire Sector 15, CBD Belapur Navi Mumbai Thane 400614, Maharashtra, India |
Who are the Lead Managers of Kore Digital IPO? |
FIRST OVERSEAS CAPITAL Ltd. |
Who is the Registrar to IPO? |
BIGSHARE SERVICES Pvt. Ltd |
IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs.in Cr | Rs.in Cr | Rs. | % | |
2019-20 | 0.88 | 0.02 | 18.19 | 22.16 |
2020-21 | 3.98 | 0.26 | 259 | 75.96 |
2021-22 | 16.94 | 2.18 | 2180 | 86.46 |
Book Value of the Share on | 31.03.2022 | Rs.? | ||
Book Value of the Share | after the IPO | Rs.62.63 | ||
Offer Price | Rs. 180 |
Kore Digital Key Performance indicators |
|
Upper Price/last EPS | ? |
Upper price/BV Ratio | ? |
Upper price/BV after IPO | 2.87 |
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IPO Particulars & Guidance
Peer Comparison:
As on date of DRHP | FV | Total | PE |
Rs. | Income | Ratio of | |
Rs. In Cr | |||
The IPO Company | 10 | 16.94 | ? |
Suyog Telematics | 10 | 157.61 | 44.82 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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