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Kore Digital Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Kore Digital Ltd IPO

Registered Office: B 1107-1108,Shelton Sapphire,sector 15 CBD Belapur Navi MUM , Thane - 400614 , Maharashtra , India.
Phone : +916354458154   Fax:
Email :  cs@koredigital.com  
Website :  www.koredigital.com
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 subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 9,48,000 equity shares of face value of (Rs)10/- each at an issue price of (Rs)180/- per equity share aggregating to (Rs)17.06 crores (is hereinafter referred to as the "Net Issue"). The issue and the net issue will constitute 28.41 %and 26.93 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10.00 each and the issue price of (Rs)180 is 18.0 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
02-Jun-23 07-Jun-23 (Rs)180.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :800  Further Multiples of :800

  (Rs Cr) Lead Managers to the Issue
Project Cost 17.50
First Overseas Capital Ltd
Project Financed through Current Offer 18.00  
Post Issue Equity Share Capital 3.52  
Issue Price (Rs)180.00  
 
Projects
To meet the working capital requirementsGeneral corporate expenses
Investment in strategic acquisition/joint venture
Promoted By
Ravindra Navinchandra Doshi  
Kashmira Ravindra Doshi  
Chaitanya Ravindra Doshi  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd