Kore Digital IPO Particulars & Guidance at Chanakyanipothi.com,
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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

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

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