Digidrive Distributors Limited was incorporated on 15 March 2022. The Company is a specialised master distributor for retailing goods on all digital marketplaces. Amongst all the products that Company aims to sell through the online marketplace, Carvaan, supplied by Saregama India Limited, is one of the key products in its bouquet. The Companys business operations is mainly Ecommerce marketplace.The Companys marketplace provides customizable online storefront solutions on a scalable platform, including mobile applications, digital product catalogue, content management, promotions handling, access to payment gateways as well as fulfilment services. The marketplace enables merchants to access customers across multiple sales channels and provides costeffective marketing and distribution solutions. The Companys eretail operations provide it with access to customers, market analytics and other synergistic operating efficiencies and offerings and an additional sales channel for marketplace merchants.Further, through the subsidiary Open Media Network Private Limited, the Company published the own weekly current affairs and feature magazine OPEN. Further, the Company is part of the RPSanjiv Goenka Group. The RPSanjiv Goenka Group is a large conglomerate having interests in, amongst others, power and natural resources, carbon black, retail and FMCG, media and entertainment, infrastructure, information technology, education and sports. The RPSanjiv Goenka Group includes entities such as CESC Limited, Phillips Carbon Black Limited, Saregama India Limited, Firstsoursce Solutions Limited, Spencers Retail Limited, RPSG Ventures Limited, Harrisons Malayalam Limited and Woodlands Multispeciality Hospital Limited, amongst others. The Company in 2017, launched, the Carvaan, a portable digital music player with inbuilt stereo speakers that comes in different product variants consisting 250 to 5000 evergreen preloaded songs across languages and genres, allowing customers to listen to music anytime without any advertising breaks. Having built the required expertise and skillset, the Company planned to offer its sales and marketing services to other market participants.In 2023, the Scheme of Arrangement between Saregama India Limited (SIL) and the Company was implemented in 2022, where the entire ECommerce Distribution Business of Saregama India Limited got demerged into the Company. In terms of the said Scheme of Demerger, the Company shall issue and allot 1 fully paidup equity share of the Company having face value of Rs 10 each for every 5 fully paidup equity shares of Re. 1 each of SIL to the shareholders of SIL.
What is the current share price of Digidrive Distributors Ltd today on both NSE and BSE?
Digidrive Distributors Ltd shares are currently priced at 39.25 on NSE and 39.02 on BSE as of 5/17/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Digidrive Distributors Ltd [DIGIDRIVE] shares performed in the past ?
The past 1-year return of Digidrive Distributors Ltd [DIGIDRIVE] share was 0. The Digidrive Distributors Ltd [DIGIDRIVE] share hit a 1-year low of Rs. 34.7 and a 1-year high of Rs. 108.7.
What is the market cap of Digidrive Distributors Ltd [DIGIDRIVE] ?
The market cap of Digidrive Distributors Ltd is Rs. 151.36 Cr. as of 5/17/2024 12:00:00 AM.
What is the current P/E ratio of Digidrive Distributors Ltd [DIGIDRIVE] share price ?
The PE ratios of Digidrive Distributors Ltd is 28.69 as of 5/17/2024 12:00:00 AM.
What is the current PB ratio of Digidrive Distributors Ltd [DIGIDRIVE] share price ?
The PB ratios of Digidrive Distributors Ltd is 1.12 as of 5/17/2024 12:00:00 AM
How can I buy Digidrive Distributors Ltd shares?
You can easily buy Digidrive Distributors Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.