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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 IPOProventus Agrocom IPO
LogoKore Digital IPO LogoProventus Agrocom IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Sundae Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Ajcon Global Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 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 IPOProventus Agrocom IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹180.00 per share₹771.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size800 shares160 shares
Fresh Issue Size9,48,000 shares6,26,653 shares
Fresh Issue Size (Amount)up to ₹17.06 Crup to ₹48.31 Cr
OFS Issue Size0 shares2,30,147 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹17.74 Cr
Issue Size Total9,48,000 shares8,56,800 shares
Issue Size Total (Amount)up to ₹17.06 Crup 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 IPOProventus Agrocom IPO
Issue OpenJun 02, 2023May 24, 2023
Issue CloseJun 07, 2023May 26, 2023
Basis Of Allotment (Tentative)Jun 12, 2023May 31, 2023
Initiation of Refunds (Tentative)Jun 13, 2023Jun 01, 2023
Credit of Share (Tentative)Jun 14, 2023Jun 02, 2023
Listing date (Tentative)Jun 14, 2023Jun 05, 2023

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 IPOProventus Agrocom 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 Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets97.35101.3188.4389.37
Total Income319.10404.35301.74900.89
Profit After Tax1.901.141.88-21.90
NET Worth61.6759.6758.4556.64
Reserves and Surplus52.3550.3449.1247.31
Total Borrowing30.6134.4429.4117.29
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.7%92.29%
Promoter Shareholding (Post-Issue)71.38%70.84%
P/E Ratio17.86186.23
Market Cap₹63.36 Cr.₹264.27 Cr.
ROE0.672
ROCE0.494
Debt/Equity0.360.56
EPS₹10.08₹4.14
RoNW50.181.91

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 0 shares in Proventus Agrocom IPO.

 Kore Digital IPOProventus Agrocom IPO
Anchor Investor Reservation0 shares
Market Maker Reservation52,000 shares45,120 shares
QIB0 shares
NII4,74,000 shares4,28,450 shares
RII4,74,000 shares4,28,450 shares
Employee0 shares
Total9,48,000 shares8,56,900 shares

Bids Received (Subscription)

Kore Digital IPO subscribed 41.47x in total, whereas Proventus Agrocom IPO subscribed 2.70x.

 Kore Digital IPOProventus Agrocom IPO
NII (times)49.67x4.65x
RII (times)33.26x0.74x
Total (times)41.47x2.70x

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Compare:

Kore Digital IPO Vs Proventus Agrocom IPO