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Kore Digital IPO Date, Price, Review, Allotment

Kore Digital IPO Date, Price, Review, Allotment

Introduction to Kore Digital IPO

Kore Digital IPO is an upcoming initial public offering aiming to raise ₹18.00 crores via IPO. It is categorized as an NSE SME IPO and holds promising prospects in the digital industry. Investors and traders are eagerly waiting for the Kore Digital IPO to commence.

Kore Digital IPO Date and Price Band Details

The Kore Digital IPO is scheduled to open on June 2, 2023, and close on June 7, 2023. During this period, interested investors can participate in the IPO and subscribe to the shares. The price band for the Kore Digital IPO has been fixed at ₹180 per equity share, making it an affordable option for potential investors.

IPO Open: June 2, 2023
IPO Close: June 7, 2023
IPO Size: Approx ₹18.00 Crores, 1,000,000 Equity Shares
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹180 Per Equity Share
IPO Listing on: NSE SME
Retail Quota: 50% of the net offer
NII Quota: 50% of the net offer
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here

Kore Digital IPO Market Lot

For investors looking to participate in the Kore Digital IPO, the minimum market lot is set at 800 shares. This means that interested individuals will need to apply for a minimum of 800 shares, requiring an application amount of ₹144,000.

Application Lot Size Shares Amount
Retail Minimum 1 800 ₹144,000
Retail Maximum 1 800 ₹144,000
S-HNI Minimum 2 1600 ₹288,000

Kore Digital IPO Dates

The Kore Digital IPO is set to open on June 2, 2023, allowing Non-Institutional Investors (NII) and Retail Investors to participate. The IPO will close on June 7, 2023, marking the end of the subscription period. The basis of allotment for the IPO will be announced on June 12, 2023. Refunds, if any, will be initiated on June 13, 2023. The credit of shares to the demat account is expected to take place on June 14, 2023. Finally, the listing of Kore Digital IPO on NSE SME is scheduled for June 15, 2023.

IPO Open Date: June 2, 2023
IPO Close Date: June 7, 2023
Basis of Allotment: June 12, 2023
Refunds: June 13, 2023
Credit to Demat Account: June 14, 2023
IPO Listing Date: June 15, 2023

Kore Digital Company Financial Report

The financial report of Kore Digital showcases the company’s growth and financial performance over the years. Here are the revenue, expense, and profit after tax (PAT) figures for Kore Digital in recent years: ₹ in Crores

Year Revenue Expense PAT
2020 ₹0.88 ₹0.86 ₹0.02
2021 ₹3.98 ₹3.63 ₹0.26
2022 ₹16.94 ₹13.92 ₹2.18
2023 9M ₹11.96 ₹8.63 ₹2.41
  • 2020: Revenue – ₹0.88 crores, Expense – ₹0.86 crores, PAT – ₹0.02 crores
  • 2021: Revenue – ₹3.98 crores, Expense – ₹3.63 crores, PAT – ₹0.26 crores
  • 2022: Revenue – ₹16.94 crores, Expense – ₹13.92 crores, PAT – ₹2.18 crores
  • 2023 (9M): Revenue – ₹11.96 crores, Expense – ₹8.63 crores, PAT – ₹2.41 crores

These figures demonstrate the steady growth and profitability of Kore Digital, making it an attractive investment opportunity.

Kore Digital IPO Valuation – FY2022

The valuation of Kore Digital IPO for FY2022 reveals key financial metrics that investors can consider. The details include:

Earning Per Share (EPS): ₹2179.72 per Equity Share
Price/Earning P/E Ratio: NA
Return on Net Worth (RoNW): 86.46%
Net Asset Value (NAV): ₹2521.08 per Equity Share

These figures provide insights into the financial health and potential of Kore Digital as it enters the IPO market.

Kore Digital IPO Registrar

The registrar for Kore Digital IPO is Bigshare Services Pvt Ltd. They can be contacted via phone at +91-22-6263 8200 or through email at ipo@bigshareonline.com. More information can be found on their website at http://www.bigshareonline.com.

Kore Digital IPO Allotment Status

To check the allotment status of Kore Digital IPO, interested investors can visit the Bigshare website and access the dedicated URL for the IPO allotment status. It will provide the necessary information regarding the shares allocated to the investors.

Kore Digital IPO Lead Managers

The lead managers, also known as merchant bankers, for Kore Digital IPO are First Overseas Capital Limited. They can be reached at the following address:

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/

Kore Digital IPO FAQs

Kore Digital IPO will open on June 2, 2023, for NII and Retail Investors.

The investors' portion for NII is 50%, and Retail is 50%.

Investors can apply for the Kore Digital IPO via ASBA online using their bank account. They can also apply through UPI via their stock brokers or by filling up the offline form.

IPO Sharma

where we specialize in demystifying IPOs and the stock market. With extensive experience in finance, I offer expert analyses and strategic insights to help you make informed investment decisions. Our content focuses on clarity, accuracy, and empowering you to achieve your financial goals. Please note: I am not a SEBI-registered advisor. The information and analyses provided on IPOsharma are for educational purposes only and should not be construed as investment advice.

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