Kore Digital Limited
ListedSMETelecommunications · NSE
Incorporated in 2009, Kore Digital Limited is a telecommunications infrastructure provider offering high-end communication solutions mainly in Maharashtra. The company provides services such as installation and commissioning of Poles, Towers, and Optical Fibre Cable (OFC) systems. Kore Digital holds a DoT-issued Infrastructure Provider (IP-I) License, allowing it to establish and maintain assets like Dark Fibres, duct space, right of way, and towers to lease or sell to telecom operators, broadband players, and ISPs. As of 2023, the company has laid around 450 km of fiber for major telecom networks such as Vodafone Idea, Bharti Airtel, Reliance Jio, and Tata Teleservices across Mumbai, Navi Mumbai, Thane, Bhiwandi, Kalyan, Panvel, and Pune.
Price Band
₹270 – ₹285
Issue Size
₹18.00 Cr
Lot Size
800 shares
GMP
₹100
+35.1%
Est. Listing
₹385
at current GMP
Subscribed
66.29x
overall
Open
6 Jul 2023
Close
8 Jul 2023
Allotment
13 Jul 2023
Refund
14 Jul 2023
Demat Credit
15 Jul 2023
Listing
16 Jul 2023
Last updated 12 days ago
Overall Subscription
66.29x
Total Demand
QIB Multiplier
172.67x
Institutions & Funds
NII / HNI
66.87x
High Net-Worth
Retail (RII)
14.63x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 4,019,298 | 694,010,148 | 172.67x |
| NIB | 3,121,053 | 208,713,284 | 66.87x |
| HNIs(10L +) | 2,080,701 | 146,860,324 | 70.58x |
| HNIs (2-10L) | 1,040,352 | 61,852,960 | 59.45x |
| RETAIL | 7,282,456 | 106,553,460 | 14.63x |
| Total | 17,543,860 | 1,217,990,176 | 66.29x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 276 | 4,038 | 14.63x |
| HNIs (10L +) | 2 | 134 | 66.87x |
| HNIs (2-10L) | 8 | 535 | 66.87x |
| Total Applications | 286 | 4,707 | 16.46x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Kore Digital Limited Public Issue & Market Profile
Kore Digital Limited is bringing an initial public offering (IPO) in the Telecommunications sector with an aggregate issue size of ₹18 Crores. The shares are offered at a price band of ₹270 to ₹285 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹2,28,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-07-15, while un-allotted funds or UPI block mandates will be released on 2023-07-14.
Frequently Asked Questions
What is Kore Digital Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Kore Digital Limited IPO is ₹100 per equity share. Based on the upper price band of ₹270 to ₹285 per equity share, the estimated listing price is ₹385 (+35.1% expected listing gain).
What is the expected profit per lot for Kore Digital Limited IPO?
With a lot size of 800 shares and current GMP of ₹100, the expected profit per application lot is approx ₹80,000 (+35.1% gain). Minimum application cost is approx ₹2,28,000.
What is the issue size and price band for Kore Digital Limited IPO?
The Kore Digital Limited IPO aggregate issue size is ₹18 Crores with an equity price band set at ₹270 to ₹285 per equity share. The retail lot size is 800 shares requiring a minimum capital outlay of approx. ₹2,28,000.
How can I check Kore Digital Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 66.29x (Retail: 14.63x, QIB: 172.67x, NII: 66.87x). You can track live multiples directly on our dedicated subscription page.
Where and when will Kore Digital Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-07-13. Investors can verify status using PAN card or application number.
When is the listing date for Kore Digital Limited IPO?
Kore Digital Limited shares are scheduled to list on NSE on 2023-07-16.