Kore Digital Limited

Company Profile
Company Name Kore Digital Limited
Open Date 02-06-2023
Close Date 07-06-2023
Exchange NSE SME
Lot Size 800 Shares
Issue Price ₹ 180 per share
Issue Size 10,00,000 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Avoid
Kore Digital Limited (Kore Digi) was set up with an object to provide high-end communication solutions to corporate  and Telecom Network Operators. They are 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, they are focused towards providing passive communication infrastructure services mainly to the Telecom Network Operators, Broad Band Service Operators and Internet Service Providers (“ISPs”) in Maharashtra, especially in locations in and around Mumbai.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Dec-22
Total Assets 584.81 1,441.57 1,573.07
Net Assets 34.14 252.11 506.02
Total Borrowings 21.96 17.72 184.18
Total Revenue 397.90 1,694.45 1,195.71
Profit After Tax 25.93 217.97 253.92

Tentative Timeline

Opening Date 02-06-2023
Closing Date 07-06-2023
Basis of Allotment 12-06-2023
Initiation of Refunds 13-06-2023
Credit of Shares to Demat 14-06-2023
Listing Date 14-06-2023

Objects of the Issue

To meet the Working Capital requirements
Investment in Strategic Acquisition / Joint Venture
General Corporate Expenses

Contact Information

Registered Office Kore Digital Limited B 1107-1108, Shelton Sapphire Sector 15, CBD Belapur Navi Mumbai Thane 400614
Phone +91 6354458154
Email cs@koredigital.com
Website http://www.koredigital.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Market Maker Shares Offered 52,000 (5.20%)
Other Shares Offered 4,74,000 (47.40%)
Retail Shares Offered 4,74,000 (47.40%)
Total Shares Offered 10,00,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.70%
Share Holding Post Issue (Promoters) 71.38%

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