Kore Digital Limited

Kore Digital Limited IPO Review, Date, Price, GMP, Allotment

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 Date02 June 2023 to 07 June 2023
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
Lot Size800
Issue Size1,000,000 shares (Rs. 18 Cr)
Fresh Issue1,000,000 shares (Rs. 18 Cr)
Listing Date15 June 2023

Kore Digital Limited IPO Timetable:

Opening Date02 June 2023
Closing Date07 June 2023
Allotment12 June 2023
Initiation of Refunds13 June 2023
Credit of Shares to Demat Account14 June 2023
Listing Date15 June 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxReserves and Surplus
31 March 2020188.6687.611.827.21
31 March 2021584.81397.9025.9333.14
31 March 20221,441.571,694.45217.97251.11
31 December 20221,573.071,195.71253.92254.02
Amount In Lakhs

AS OF NOW, the GMP OF Kore Digital Limited is Around 48 Rs.

Leave a Reply

Your email address will not be published. Required fields are marked *