IPO Details

Bidding Dates

02 Jun '23 - 07 Jun '23

Minimum Investment

₹144,000 / 1 Lots (800 Shares)

Price Range


Maximum Investment

₹144,000 / 1 Lots (800 Shares)

Retail Discount

Not Applicable

Issue Size

₹18 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Non-Institutional Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 2, 2023

IPO Closing Date

Jun 7, 2023

Basis of Allotment

Jun 12, 2023

Initiation of Refunds

Jun 13, 2023

Credit of Shares to Demat Account

Jun 14, 2023

IPO Listing Date

Jun 15, 2023

UPI Mandatory Expiry Date

Jun 7, 2023

IPO Subscription Details


Day 1Jun 2, 2023

4.09 0.18 2.24

Day 2Jun 5, 2023

4.29 1.05 2.75

Day 3Jun 6, 2023

5.27 4.64 4.97

Day 4Jun 7, 2023

44.86 33.26 39.46

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyer [.]
Non-Institutional Investors 44.86
Retail Investors 33.26
Employees [.]
Others [.]
Total 39.46

About Company

Kore Digital Limited, established in 2009, is a telecommunications infrastructure provider that specialises in delivering advanced communication solutions to corporate clients and telecom network operators. The company’s primary operations are focused in Maharashtra, India. Theyoffer a range of services, including the installation and commissioning of poles, towers, and optical fibre cable (OFC) systems throughout Maharashtra.

In 2009, Kore Digital obtained the Infrastructure Provider (IP)-I License from the Department of Telecommunications (DoT). This licence enables the company 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 licensees of telecom network operators, broadband service providers, and internet service providers (ISPs).

The company has a strong customer profile and some of their significant customers include Telecom Operators like Bharti Airtel Ltd, Vodafone Idea Limited, Reliance Jio Infocomm, Tata Teleservices (Maharashtra) Ltd and Corporate like SIFY Technologies Limited, and Power Grid Corp. 

Kore Digital Limited IPO Details

It is a 100% fresh IPO worth Rs. 18 crore. The issue comprises 10,00,000 shares and is priced at Rs. 180 apiece. Retail investors can bid for the Kore Digital Limited IPO that will open on 2nd June 2023. Kore Digital Limited’s IPO will list on the NSE exchange on 15th June 2023.

Kore Digital Limited IPO Objective 

The objectives of Kore Digital Limited's IPO are listed below.

  • To meet the working capital requirements.
  • Investment in strategic acquisition / joint venture.
  • General corporate expenses.
  • To meet the expenses of the Issue.

Should you invest in Kore Digital Limited?

Here are a few important reasons to consider before investing in the IPO:

  • As of 2023, Kore Digital Limited has significant customers like Reliance Jio, Vodafone Idea Ltd, Tata Teleservices and Bharti Airtel and laid fibre of around 450 kms. 
  • The company is well-positioned to benefit from the growing demand for telecom infrastructure in India. 

Competitive Peers 

Suyog Telematics Limited is a peer listed in India engaged in the same business line. However, considering the nature, range of products/services, turnover and size of the company's business, the peer is not strictly comparable.

Highlights of Kore Digital Ltd. 

  • Kore Digital Ltd is a well-managed company with a strong track record of growth.
  • It has already laid fibre of around 450 Kms for its Telecom Network Operators which include some of the marquee industry names like Vodafone Idea, Bharti Airtel, Reliance Jio, and Tata Teleservices.

Kore Digital Ltd Company Financials

Particulars Year ending on 31st December 2022 (Rs. lakhs) Year ending on 31st March 2022 Year ending on 31st March 2021
Revenue from Operations 1,195.71 1,693.92 397.82
Profit After Tax (PAT) 253.92 217.97 25.93
PAT Margin 21.24 12.86 6.52
EBITDA 345.57 312.53 40.91
EBITDA Margin 28.90 18.44 10.28
Debt-to-Equity Ratio 0.36 0.45 0.25
EPS 10.08 2179.72 259.29
ROE 50.18 86.46 75.95

Know before investing


  1. The company is engaged in providing high-end communication solutions.

  2. The company is almost debt free, which means that it has a strong financial position.

  3. The company is expanding into new markets, which will help to increase its revenue and profits.


  1. The issue is aggressively priced based on the financial performance till now.

  2. The company's stock price is volatile, which means that it can fluctuate significantly in price.

  3. The company is not as well-known as larger companies, which could make it more difficult for it to raise capital in the future.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Kore Digital IPO FAQs

What is Kore Digital Limited's IPO?

The Kore Digital Ltd IPO contains 10 lakh fresh equity shares for Rs. 18 crore. The price band is fixed at Rs. 180 per share, and the bidding window will open on 2nd June 2023.  

When will Kore Digital Limited's IPO allotment be available?

The Basis of Allotment will happen on Monday, 12th June 2023.

What will be Kore Digital Limited's IPO lot size?

The lot size for Kore Digital Ltd. is 800 equity shares for one lot.

When will Kore Digital Limited's IPO open for subscription?

The IPO subscription window will open on 2nd June  2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Kore Digital Limited list on exchanges?

Kore Digital Ltd. IPO will list on the NSE exchange on Thursday, 1th5 June 2023.

How do I check the allotment status of the Kore Digital Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  •  Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Kore Digital Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Thursday, 15th June 2023, for Kore Digital Ltd.

I have finished the application process for the Kore Digital Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Kore Digital Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.