Kore Digital Limited is a Telecommunication Infrastructure Provider that was established in 2009. The company’s main objective is to provide high-quality communication solutions to corporate clients and Telecom Network Operators. Kore Digital primarily operates in Maharashtra and offers services such as the installation and commissioning of Poles, Towers, and Optical Fibre Cable (OFC) Systems in the region.
In 2009, the company obtained the Infrastructure Provider (IP)-I License from the Department of Telecommunications (DoT). This license allows Kore Digital to establish and maintain assets such as Dark Fibres, right of way, duct space, and towers. These assets can be leased, rented, or sold to Telecom Network Operators, Broadband Service Operators, and ISPs.
As of 2023, Kore Digital Limited has laid approximately 450 kilometers of fiber for Telecom Network Operators including Vodafone Idea Ltd, Bharti Airtel Limited, Reliance Jio, and Tata Teleservices. This includes fiber laid under Vendor Projects as well as their own network that spans across Mumbai, Navi Mumbai, Thane, Bhiwandi, Kalyan, Panvel, and Pune.
Kore Digital’s business operations and process include client engagement and project assignment, feasibility study, obtaining right of way (ROW) permission, project execution, link testing and acceptance, project handover and billing, and operation and maintenance (O&M) activities.
The company’s competitive strengths lie in its experienced promoter, management team, and skilled workforce. They have established an optic fiber network in Maharashtra and operate efficiently with their business model.
Kore Digital Limited IPO Complete Details:
| IPO Date | 02 June 2023 to 07 June 2023 |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Face Value | 10 Rs. Per Share |
| Price | Rs.180 |
| Lot Size | 800 |
| Issue Size | 1,000,000 shares (Rs. 18 Cr) |
| Fresh Issue | 1,000,000 shares (Rs. 18 Cr) |
| Listing Date | 15 June 2023 |
Kore Digital Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 02 June 2023 |
| Closing Date | 07 June 2023 |
| Allotment | 12 June 2023 |
| Initiation of Refunds | 13 June 2023 |
| Credit of Shares to Demat Account | 14 June 2023 |
| Listing Date | 15 June 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31 March 2020 | 188.66 | 87.61 | 1.82 | 7.21 |
| 31 March 2021 | 584.81 | 397.90 | 25.93 | 33.14 |
| 31 March 2022 | 1,441.57 | 1,694.45 | 217.97 | 251.11 |
| 31 December 2022 | 1,573.07 | 1,195.71 | 253.92 | 254.02 |
AS OF NOW, the GMP OF Kore Digital Limited is Around 48 Rs.