Kore Digital SME IPO

Kore Digital Limited

₹1,44,000 /800 sharesMinimum Investment

Kore Digital SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹180.00₹193.00₹13.00 (7.22%)

Kore Digital SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
2 Jun ‘23 - 7 Jun ‘23₹1,44,000800₹180 - ₹180
Issue SizeIPO Doc
18.00Cr
RHP PDF

About Kore Digital SME

Kore Digital Limited, founded in 2009, establishes and maintains essential assets such as dark fibers, right of way, duct space, and towers. These assets are made available to telecom network operators, vendors, broadband service operators, and ISPs through leases, rentals, or sales. In addition to providing vital infrastructure, the company extends comprehensive support services, including proficient project management for duct and optic fiber cable installations, construction of fundamental transmission and telecom utilities, optical fiber network construction, as well as maintenance services for ducts, optic fibers, and turnkey projects. Kore Digital Limited holds the Infrastructure Provider (IP)-I License granted by the Department of Telecommunications (DoT) in 2009. With a primary focus on delivering cutting-edge communication solutions to corporate clients and telecom network operators, Kore Digital looks to position itself as a prominent player in the industry. ;
Parent Organisation
Kore Digital Limited
Founded
2009
Managing Director
Mr. Ravindra Navinchandra Doshi

Strengths & Risks

  • The growing demand for fiber networks in tier 2 and tier 3 cities, driven by the rise in telecom subscribers, internet users, and digitalisation, provides a significant business opportunity for the company.
  • Kore Digital displays a unique business model of leasing fiber and duct on an Indefeasible Right of Use (IRU) basis to telecom operators.
  • The company has shown substantial growth in revenue and profitability over the last few years.
  • The company faces risks due to ongoing legal proceedings involving its promoter and entities. These legal issues can negatively impact the company's business, financial condition, and overall performance.
  • The company's operations are primarily concentrated in Maharashtra. Any loss or shutdown of its facilities in this area could adversely affect the company's business.
  • A significant portion of the company's revenues relies on a limited number of customers. This customer concentration poses a risk to the company as any loss or reduction in business from these customers could have a substantial negative impact.
  • The company experienced negative cash flow from specific activities in recent years. This historical performance could affect its financial stability and liquidity.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular180 - 180₹2 Lakh
High Networth Individual180 - 180₹2 - 5 Lakh
For Kore Digital SME IPO, eligible investors can apply as Regular.
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