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Kore Digital IPO vs Proventus Agrocom IPO

Comparision between Kore Digital IPO and Proventus Agrocom IPO.

IPO Details

Kore Digital IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Proventus Agrocom IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Kore Digital IPO Proventus Agrocom IPO
Logo Kore Digital IPO Logo Proventus Agrocom IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers First Overseas Capital Limited Sundae Capital Advisors
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Nnm Securities Private Limited Ajcon Global Services Limited
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 Proventus Agrocom IPO is up to ₹69.54 Cr. The final issue price of Kore Digital IPO is ₹180.00 per share and of Proventus Agrocom IPO is ₹771.00 per share.

  Kore Digital IPO Proventus Agrocom IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹180.00 per share ₹771.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 800 shares 160 shares
Fresh Issue Size 10,00,000 shares 6,71,773 shares
Fresh Issue Size (Amount) up to ₹18.00 Cr up to ₹51.79 Cr
OFS Issue Size 2,30,147 shares
OFS Issue Size (Amount) up to ₹17.74 Cr
Issue Size Total 10,00,000 shares 9,01,920 shares
Issue Size Total (Amount) up to ₹18.00 Cr up to ₹69.54 Cr

IPO Timetable

Kore Digital IPO opens on Jun 02, 2023, while Proventus Agrocom IPO opens on May 24, 2023. The closing date of Kore Digital IPO and Proventus Agrocom IPO is Jun 07, 2023, and May 26, 2023, respectively.

  Kore Digital IPO Proventus Agrocom IPO
Anchor Bid Date
Issue Open Jun 02, 2023 May 24, 2023
Issue Close Jun 07, 2023 May 26, 2023
Basis Of Allotment (Tentative) Jun 12, 2023 May 31, 2023
Initiation of Refunds (Tentative) Jun 13, 2023 Jun 01, 2023
Credit of Share (Tentative) Jun 14, 2023 Jun 02, 2023
Listing date (Tentative) Jun 14, 2023 Jun 05, 2023
Anchor Lockin End date 1 Jul 12, 2023 Jun 30, 2023
Anchor Lockin End date 2 Sep 10, 2023 Aug 29, 2023

Financials

Kore Digital IPO P/E ratio is 17.86, as compared to Proventus Agrocom IPO P/E ratio of 186.23.

  Kore Digital IPO Proventus Agrocom IPO
Financial
Kore Digital Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20188.6687.611.828.217.21
31-Mar-21584.81397.9025.9334.1433.1421.96
31-Mar-221,441.571,694.45217.97252.11251.1117.72
31-Dec-221,573.071,195.71253.92506.02254.02184.18
Amount in ₹ Lakhs
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.70% 92.29%
Promoter Shareholding (Post-Issue) 71.38% 70.84%
P/E Ratio 17.86 186.23
Market Cap ₹63.36 Cr. ₹264.27 Cr.
ROE 0.67%% 0.04%%
ROCE 0.49%% 0.05%%
Debt/Equity 0.36 0.56
EPS ₹10.08 ₹4.14
RoNW 50.18%% 3.08%%

Shares Offered

In the Kore Digital IPO retail investors (RII) are offered 4,74,000 shares while in Proventus Agrocom 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 Proventus Agrocom IPO.

  Kore Digital IPO Proventus Agrocom IPO
Anchor Investor Reserveration
Market Maker Reserveration 52,000 shares 45,100 shares
QIB 0 shares 0 shares
NII 4,74,000 shares 4,28,430 shares
RII 4,74,000 shares 4,28,450 shares
Employee 0 shares 0 shares
Others
Total 9,48,000 shares 8,56,880 shares

Bids Received (Subscription)

Kore Digital IPO subscribed 41.56x in total, whereas Proventus Agrocom IPO subscribed 2.70x.

  Kore Digital IPO Proventus Agrocom IPO
QIB (times)
NII (times) 49.67x 4.65x
Big NII (times)
Small NII (times)
RII (times) 33.26x 0.74x
Employee (times)
Other (times)
Total (times) 41.56x 2.70x

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