✓
Open
2 Jun 2023
✓
Close
7 Jun 2023
3
Allotment
—
✓
Listing
Wed, Jun 14, 2023
Price Band
₹180 per share
Issue Size
10,00,000 shares (agg. up to ₹18 Cr)
Lot Size
800 Shares
Listing Date
Wed, Jun 14, 2023
Latest GMP
₹48
Est. Gain
26.67%
✦ AI Insight
GMP Trend
14-06-2023₹48Est. ₹228+26.67%
13-06-2023₹45Est. ₹225+25%
12-06-2023₹44Est. ₹224+24.44%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 41.32x |
Restated Financials (₹ Cr.)
| 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 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ 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 |
About Kore Digital IPO
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.+ Read More
Contact Details
Kore Digital Ltd. AddressB 1107-1108, Shelton Sapphire Sector 15CBD BelapurThane, Maharashtra, 400614+91 6354458154cs@koredigital.comVisit Website