Kore Digital IPO vs Urban Enviro Waste Management IPO

Comparison between Kore Digital IPO and Urban Enviro Waste Management IPO.

IPO Details

Kore Digital IPO is a SME Fixed Price IPO proposed to list at NSE SME while Urban Enviro Waste Management IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Kore Digital IPO is up to ₹17.06 Cr whereas the issue size of the Urban Enviro Waste Management IPO is up to ₹10.85 Cr. The final issue price of Kore Digital IPO is ₹180.00 per share and of Urban Enviro Waste Management IPO is ₹100.00 per share.

 Kore Digital IPOUrban Enviro Waste Management IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹180.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size800 shares1200 shares
Fresh Issue Size9,48,000 shares8,62,400 shares
Fresh Issue Size (Amount)up to ₹17.06 Crup to ₹8.62 Cr
OFS Issue Size0 shares2,22,400 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.22 Cr
Issue Size Total9,48,000 shares10,84,800 shares
Issue Size Total (Amount)up to ₹17.06 Crup to ₹10.85 Cr

IPO Timetable

Kore Digital IPO opens on Jun 02, 2023, while Urban Enviro Waste Management IPO opens on Jun 12, 2023. The closing date of Kore Digital IPO and Urban Enviro Waste Management IPO is Jun 07, 2023, and Jun 14, 2023, respectively.

 Kore Digital IPOUrban Enviro Waste Management IPO
Issue OpenJun 02, 2023Jun 12, 2023
Issue CloseJun 07, 2023Jun 14, 2023
Basis Of Allotment (Tentative)Jun 12, 2023Jun 19, 2023
Initiation of Refunds (Tentative)Jun 13, 2023Jun 20, 2023
Credit of Share (Tentative)Jun 14, 2023Jun 21, 2023
Listing date (Tentative)Jun 14, 2023Jun 22, 2023

Financials & KPIs

Kore Digital IPO P/E ratio is 17.86, as compared to Urban Enviro Waste Management IPO P/E ratio of 30.49.

 Kore Digital IPOUrban Enviro Waste Management IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets15.7314.425.851.89
Total Income11.9616.943.980.88
Profit After Tax2.542.180.260.02
NET Worth5.062.520.340.08
Reserves and Surplus2.542.510.330.07
Total Borrowing1.840.180.22
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets23.3321.167.017.51
Total Income26.4719.7715.8712.80
Profit After Tax1.061.290.830.75
NET Worth4.243.171.881.05
Reserves and Surplus0.833.161.871.04
Total Borrowing12.1312.181.860.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.7%65%
Promoter Shareholding (Post-Issue)71.38%51.18%
P/E Ratio17.8630.49
Market Cap₹63.36 Cr.₹34.78 Cr.
ROE0.67
ROCE0.49
Debt/Equity0.36
EPS₹10.08₹3.07
RoNW50.1847.01

Shares Offered

In the Kore Digital IPO Retail Individual Investors (RII) are offered 4,74,000 shares while in Urban Enviro Waste Management IPO retail investors are offered 4,74,000 shares. Qualified Institutional Buyers (QIB) are offered in Kore Digital IPO and 0 shares in Urban Enviro Waste Management IPO.

 Kore Digital IPOUrban Enviro Waste Management IPO
Anchor Investor Reservation0 shares
Market Maker Reservation52,000 shares57,600 shares
QIB0 shares
NII4,74,000 shares5,42,400 shares
RII4,74,000 shares5,42,400 shares
Employee0 shares
Total9,48,000 shares10,84,800 shares

Bids Received (Subscription)

Kore Digital IPO subscribed 41.47x in total, whereas Urban Enviro Waste Management IPO subscribed 251.03x.

 Kore Digital IPOUrban Enviro Waste Management IPO
NII (times)49.67x281.41x
RII (times)33.26x220.65x
Total (times)41.47x251.03x

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