Jay Jalaram Technologies Ltd (Kore Mobile)
NSE SMEListed On: Sep 8, 2022 at ₹ 50.00
₹ 216000 /6000 Shares
*Min Investment
26 Aug, 2022
Open Date30 Aug, 2022
Close Date05 Sep, 2022
Allotment Date08 Sep, 2022
Listing DateIPO Issue Details
- Issue Price ₹36 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 3,000,000 shares of ₹10 (aggregating up to ₹10.80 Cr)
#Fresh Issue: 3,000,000 shares of ₹10 (aggregating up to ₹10.80 Cr) - Listing at NSE SME
- List Price 50.00
- Listing Date 2022-09-08
- Lead Manager Beeline Broking Ltd
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion N/A
IPO Details
Jay Jalaram Technologies Ltd (Kore Mobile) is an SME IPO, priced at ₹36 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Aug 26, 2022 to Aug 30, 2022. The allotment is expected to be finalized on Sep 5, 2022, and the tentative listing date is Sep 8, 2022.
The registrar of the IPO is Link Intime India Private Ltd, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,425,000 | 1,425,000 | 2,850,000 |
Day 1 26-08-22 06:00 PM | 0.17 x | 0.91 x | 0.54 x |
Day 2 29-08-22 06:00 PM | 0.51 x | 2.72 x | 1.61 x |
Day 3 30-08-22 06:00 PM | 18.56 x | 11.38 x | 14.97 x |
Valuations
Company Financials
| 30-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 3590.48 | 2839.35 | 2487.19 | 1704.75 |
| Revenue | 16555.85 | 12225.3 | 9523.41 | 9577.07 |
| Profit After Tax | 87.17 | 29.35 | 2.56 | -6.34 |
About Company
Jay Jalaram Technologies Limited is engaged in multi-brand retail selling of Smart Phones and allied asscessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi. The company also offers multi-brand retail selling of consumer durable electronics goods like Smart TVs, Air Conditioners, Fridges, Coolers etc. from brands like TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron.
The company operate under the brand name "KORE". As of April 30, 2022, Jay Jalaram Technologies operates from a total of 82 stores across the state of Gujarat. Out of 82 stores 10 are company-owned retail outlets, 65 are franchisee owned and franchise-operated branch retail stores ("FOFO Model") and 7 are franchisee owned and company operated branch retail stores ("FOCO Model").
The company's other business vertical includes an exclusive dealership of Electric Bikes, its spare parts and accessories under the brand name "Revolt" for the Ahmedabad region. As of April 30, 2022, the company sells Electric Bikes through 2 company-owned retail outlets situated at Ashram Road area in Ahmedabad and Nana Chiloda in Gandhinagar.
- Promoter(s)
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.04%
IPO - Issue Objectives
To Meet Working Capital Requirements
General Corporate Purpose
To meet Public Issue Expenses
IPO - FAQs
Ans. Jay Jalaram Technologies Ltd (Kore Mobile) is a SME IPO. The issue is priced at ₹36 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Aug 26, 2022, and closes on Aug 30, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Jay Jalaram Technologies Ltd (Kore Mobile) opens on Aug 26, 2022 and closes on Aug 30, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Jay Jalaram Technologies Ltd (Kore Mobile) is 3,000,000 shares of ₹10 (aggregating up to ₹10.80 Cr) #Fresh Issue: 3,000,000 shares of ₹10 (aggregating up to ₹10.80 Cr).
Ans. The Jay Jalaram Technologies Ltd (Kore Mobile) price band is set between ₹36 per equity share.
Ans. To apply for Jay Jalaram Technologies Ltd (Kore Mobile) , follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Jay Jalaram Technologies Ltd (Kore Mobile) in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Jay Jalaram Technologies Ltd (Kore Mobile) is Sep 5, 2022.
Ans. The Jay Jalaram Technologies Ltd (Kore Mobile) will be listed on Sep 8, 2022.
Ans. Follow the steps to check the Jay Jalaram Technologies Ltd (Kore Mobile) allotment status online.
