
Jay Jalaram Technologies Ltd (Kore Mobile)
NSE SME₹108,000 / 3000 Shares
IPO Details
Jay Jalaram Technologies Ltd (Kore Mobile) IPO is priced between ₹36 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 26 Aug, 2022, and closed on 30 Aug, 2022. The allotment results will be announced on 5 Sep, 2022, with a tentative listing date set for 8 Sep, 2022.
The total issue comprises 3,000,000 shares of ₹10 , amounting to ₹10.80 Cr.
Jay Jalaram Technologies Ltd (Kore Mobile) IPO Highlights
IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
---|---|---|---|---|---|---|---|
Aug 26, 2022 - Aug 30, 2022 | 8 Sep, 2022 | ₹10 Per Equity Share | ₹36 per equity share | - | Shares | - | NSE SME |
Jay Jalaram Technologies Ltd (Kore Mobile) IPO Timeline
Issue Price
₹36 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdMarket Lot
3000 Shares (₹108,000/-)Lead Manager
Beeline Broking LtdIssue Size
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)Retail Portion
N/ASubscription
14.97 timesJay Jalaram Technologies Ltd (Kore Mobile) IPO Financial Information
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
30 Mar 22 | 3590.48 | 16555.85 | 87.17 | - | - | - |
31 Mar 21 | 2839.35 | 12225.3 | 29.35 | - | - | - |
31 Mar 20 | 2487.19 | 9523.41 | 2.56 | - | - | - |
31 Mar 19 | 1704.75 | 9577.07 | -6.34 | - | - | - |
All values are in ₹ Lakh
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.
Jay Jalaram Technologies Ltd (Kore Mobile) IPO Subscription 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 |
Jay Jalaram Technologies Ltd (Kore Mobile) IPO - Issue Objectives
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses