Kore Digital IPO vs Proventus Agrocom IPO

Comparison between Kore Digital IPO and Proventus Agrocom IPO.

IPO Details

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

	Kore Digital IPO	Proventus Agrocom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Ltd.	Sundae Capital Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	NNM Securities Pvt.Ltd.	Ajcon Global Services 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 ₹17.06 Cr whereas the issue size of the Proventus Agrocom IPO is up to ₹66.06 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)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	160 shares
Fresh Issue Size	9,48,000 shares	6,26,653 shares
Fresh Issue Size (Amount)	up to ₹17.06 Cr	up to ₹48.31 Cr
OFS Issue Size	0 shares	2,30,147 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹17.74 Cr
Issue Size Total	9,48,000 shares	8,56,800 shares
Issue Size Total (Amount)	up to ₹17.06 Cr	up to ₹66.06 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
Anchor Lockin End date 2

Financials & KPIs

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

Financials

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

Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8,936.94	90,089.01	-2,190.46	5,663.58	4,731.01	1,728.54
31-Mar-21	8,843.36	30,173.92	187.90	5,844.50	4,911.92	2,940.72
31-Mar-22	10,131.13	40,434.57	114.03	5,966.75	5,034.17	3,444.05
31-Dec-22	9,735.37	31,909.63	189.82	6,167.31	5,234.74	3,061.13
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 Individual 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 in Kore Digital IPO and in Proventus Agrocom IPO.

	Kore Digital IPO	Proventus Agrocom IPO
Anchor Investor Reserveration
Market Maker Reserveration	52,000 shares	45,120 shares
QIB
NII	4,74,000 shares	4,28,450 shares
RII	4,74,000 shares	4,28,450 shares
Employee
Others
Total	9,48,000 shares	8,56,900 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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