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Kore Digital IPO vs Sonalis Consumer Products IPO

Comparison between Kore Digital IPO and Sonalis Consumer Products IPO.

IPO Details

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

 Kore Digital IPOSonalis Consumer Products IPO
LogoKore Digital IPO LogoSonalis Consumer Products IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFirst Overseas Capital Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO 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 Sonalis Consumer Products IPO is up to ₹2.68 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 IPOSonalis 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares4000 shares
Fresh Issue Size9,48,000 shares8,92,000 shares
Fresh Issue Size (Amount)up to ₹17.06 Crup to ₹2.68 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total9,48,000 shares8,92,000 shares
Issue Size Total (Amount)up to ₹17.06 Crup to ₹2.68 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 IPOSonalis Consumer Products IPO
Anchor Bid Date
Issue OpenJun 02, 2023Jun 07, 2023
Issue CloseJun 07, 2023Jun 09, 2023
Basis Of Allotment (Tentative)Jun 12, 2023Jun 14, 2023
Initiation of Refunds (Tentative)Jun 13, 2023Jun 15, 2023
Credit of Share (Tentative)Jun 14, 2023Jun 16, 2023
Listing date (Tentative)Jun 14, 2023Jun 19, 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 Sonalis Consumer Products IPO P/E ratio of 6.56.

 Kore Digital IPOSonalis Consumer Products IPO
Financials
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
Sonalis Consumer Products Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Dec-22649.77420.4768.45349.21243.715.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.7073.12
Promoter Shareholding (Post-Issue)71.3838.59
P/E Ratio17.866.56
Market Cap₹63.36 Cr.
ROE0.67%
ROCE0.49%
Debt/Equity0.36
EPS₹10.08₹10.08
RoNW50.18%19.60%

Shares Offered

In the Kore Digital IPO Retail Individual 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 in Kore Digital IPO and in Sonalis Consumer Products IPO.

 Kore Digital IPOSonalis Consumer Products IPO
Anchor Investor Reserveration
Market Maker Reserveration52,000 shares52,000 shares
QIB
NII4,74,000 shares4,44,000 shares
RII4,74,000 shares4,48,000 shares
Employee
Others
Total9,48,000 shares8,92,000 shares

Bids Received (Subscription)

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

 Kore Digital IPOSonalis Consumer Products IPO
QIB (times)
NII (times)49.67x38.41x
Big NII (times)
Small NII (times)
RII (times)33.26x48.31x
Employee (times)
Other (times)
Total (times)41.56x43.48x