Kore Digital IPO vs Sonalis Consumer Products IPO

Comparision between Kore Digital IPO and Sonalis Consumer Products IPO.

IPO Details

Kore Digital IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sonalis Consumer Products IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Kore Digital IPO	Sonalis Consumer Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Expert Global Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Nnm Securities Private Limited	Beeline Broking Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kore Digital IPO is up to ₹18.00 Cr whereas the issue size of the Sonalis Consumer Products IPO is up to ₹2.83 Cr. The final issue price of Kore Digital IPO is ₹180.00 per share and of Sonalis Consumer Products IPO is ₹30.00 per share.

	Kore Digital IPO	Sonalis Consumer Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹180.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	4000 shares
Fresh Issue Size	10,00,000 shares	9,44,000 shares
Fresh Issue Size (Amount)	up to ₹18.00 Cr	up to ₹2.83 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	10,00,000 shares	9,44,000 shares
Issue Size Total (Amount)	up to ₹18.00 Cr	up to ₹2.83 Cr

IPO Timetable

Kore Digital IPO opens on Jun 02, 2023, while Sonalis Consumer Products IPO opens on Jun 07, 2023. The closing date of Kore Digital IPO and Sonalis Consumer Products IPO is Jun 07, 2023, and Jun 09, 2023, respectively.

	Kore Digital IPO	Sonalis Consumer Products IPO
Anchor Bid Date
Issue Open	Jun 02, 2023	Jun 07, 2023
Issue Close	Jun 07, 2023	Jun 09, 2023
Basis Of Allotment (Tentative)	Jun 12, 2023	Jun 14, 2023
Initiation of Refunds (Tentative)	Jun 13, 2023	Jun 15, 2023
Credit of Share (Tentative)	Jun 14, 2023	Jun 16, 2023
Listing date (Tentative)	Jun 14, 2023	Jun 19, 2023
Anchor Lockin End date 1	Jul 12, 2023	Jul 14, 2023
Anchor Lockin End date 2	Sep 10, 2023	Sep 12, 2023

Financials

Kore Digital IPO P/E ratio is 17.86, as compared to Sonalis Consumer Products IPO P/E ratio of 6.56.

Kore Digital IPO

Sonalis Consumer Products IPO

Financial

Kore Digital Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	188.66	87.61	1.82	8.21	7.21
31-Mar-21	584.81	397.90	25.93	34.14	33.14	21.96
31-Mar-22	1,441.57	1,694.45	217.97	252.11	251.11	17.72
31-Dec-22	1,573.07	1,195.71	253.92	506.02	254.02	184.18
Amount in ₹ Lakhs

Sonalis Consumer Products Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Dec-22	649.77	420.47	68.45	349.21	243.71	5.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.70%

73.12%

Promoter Shareholding (Post-Issue)

71.38%

38.59%

P/E Ratio

17.86

6.56

Market Cap

₹63.36 Cr.

ROE

0.67%%

ROCE

0.49%%

Debt/Equity

0.36

EPS

₹10.08

RoNW

50.18%%

19.60%%

Shares Offered

In the Kore Digital IPO retail investors (RII) are offered 4,74,000 shares while in Sonalis Consumer Products IPO retail investors are offered 4,74,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kore Digital IPO and 0 shares in Sonalis Consumer Products IPO.

	Kore Digital IPO	Sonalis Consumer Products IPO
Anchor Investor Reserveration
Market Maker Reserveration	52,000 shares	52,000 shares
QIB	0 shares	0 shares
NII	4,74,000 shares	4,44,000 shares
RII	4,74,000 shares	4,48,000 shares
Employee	0 shares	0 shares
Others
Total	9,48,000 shares	8,92,000 shares

Bids Received (Subscription)

Kore Digital IPO subscribed 41.56x in total, whereas Sonalis Consumer Products IPO subscribed 43.48x.

	Kore Digital IPO	Sonalis Consumer Products IPO
QIB (times)
NII (times)	49.67x	38.41x
Big NII (times)
Small NII (times)
RII (times)	33.26x	48.31x
Employee (times)
Other (times)
Total (times)	41.56x	43.48x

Compare with others

Kore Digital IPO	Sonalis Consumer Products IPO
Cell Point (India) IPO	Vilin Bio Med IPO
Bizotic Commercial IPO	Cell Point (India) IPO
Urban Enviro Waste Management IPO	Bizotic Commercial IPO
Cosmic CRF IPO	Urban Enviro Waste Management IPO
Sonalis Consumer Products IPO	Cosmic CRF IPO
Sahana System IPO	Kore Digital IPO
CFF Fluid Control IPO	Sahana System IPO
Comrade Appliances IPO	CFF Fluid Control IPO
Infollion Research Services IPO	Comrade Appliances IPO
Proventus Agrocom IPO	Infollion Research Services IPO

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