Kore Digital Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Kore Digital

CMP

1,289.50

+57.40 (4.66%)

  • DRHP
₹180

Offer Price

₹ 18.00 Cr

Issue Size

₹ 1,44,000

Min Investment

800

Lot size

Time Line

  • 02
    Jun 2023
    Open
  • 07
    Jun 2023
    Close
  • 12
    Jun 2023
    Finalisation of Basis of Allotment
  • 13
    Jun 2023
    Initiation of Refunds
  • 14
    Jun 2023
    Transfer of Shares to Demat Account
  • 14
    Jun 2023
    Listing Date

Risks

  • There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.

  • Delays in the acquisition of the rights of way permission from government or local authorities may adversely affect its timely performance of its contracts and lead to disputes and losses.

  • The company business and its financial condition would be materially and adversely affected if its fail to obtain new vendor projects or identify new routes to develop.

  • The company results of operations are subject to adverse weather conditions. Any adverse condition may affect its ability to achieve or sustain profitability in the future, which adversely affect its business.

  • Substantial portion of its revenues has been dependent upon limited number of customers.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 16.94 (325.60%) 21.27 (25.60%) 56.10 (-)
Gross Profit 16.94 (325.60%) 21.27 (25.60%) 56.10 (-)
Net Income 16.94 (325.60%) 21.27 (25.60%) 56.10 (-)
Assets 16.94 (325.60%) 21.27 (25.60%) 56.10 (-)
Liabilities 16.94 (325.60%) 21.27 (25.60%) 56.10 (-)

Book Running Managers

  • First Overseas Capital Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

B 1107-1108,Shelton Sapphire,
sector 15 CBD Belapur Navi MUM,
Thane - 400614
Phone : +916354458154 Email : cs@koredigital.com www.koredigital.com

Offer Related Information

Initial public issue of 10,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Kore Digital Limited ("The Company" or "The Issuer Company") for cash at a price Rs. 180/- per equity share (including a share premium of Rs. 170/- per equity share) ("Issue Price") aggregating to Rs. 18.00 crores ("The Issue"), out of which 52,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 180/- per equity share, aggregating to Rs. 0.94 crores will be reserved for... More

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