Jay Jalaram Technologies Ltd (Kore Mobile)

Jay Jalaram Technologies Ltd (Kore Mobile)

NSE SME

₹108,000 / 3000 Shares

Offer Date:Aug 26, 2022 - Aug 30, 2022
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Jay Jalaram Technologies Ltd (Kore Mobile) IPO Details

The Jay Jalaram Technologies Ltd (Kore Mobile) IPO price band is set between ₹36 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the NSE SME.

The IPO date for subscription opens on 26 Aug, 2022 and closes on 30 Aug, 2022. Investors can check the allotment status on 5 Sep, 2022, while the listing date is tentatively scheduled for 8 Sep, 2022.

The total issue size is 3,000,000 shares of ₹10 , aggregating up to ₹10.80 Cr. Stay tuned for the latest Jay Jalaram Technologies Ltd (Kore Mobile) IPO review and GMP updates.

Jay Jalaram Technologies Ltd (Kore Mobile) IPO Review, Rating & Analysis

Jay Jalaram Technologies Ltd (Kore Mobile) IPO Review

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Jay Jalaram Technologies Ltd (Kore Mobile) IPO Rating

Jay Jalaram Technologies Ltd (Kore Mobile) IPO Highlights

IPO Date

Aug 26, 2022 - Aug 30, 2022

Listing Date

8 Sep, 2022

Face Value

₹10 Per Equity Share

Price Band

₹36 per equity share

Lot Size

-

Fresh Issue

Shares

Offer for Sale

-

Listing At

NSE SME

Jay Jalaram Technologies Ltd (Kore Mobile) IPO Lot Size

The minimum market lot for Jay Jalaram Technologies Ltd (Kore Mobile) IPO is 3000 shares with an application amount of ₹1,08,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)13000₹1,08,000
Retail (Max)13000₹1,08,000
S-HNI (Min)26000₹2,16,000
S-HNI (Max)927000₹9,72,000
B-HNI (Min)1030000₹10,80,000

Jay Jalaram Technologies Ltd (Kore Mobile) IPO Timeline

IPO Open Date
26 Aug, 2022
IPO Close Date
30 Aug, 2022
Basis of Allotment
5 Sep, 2022
Listing Date
8 Sep, 2022

Issue Price

₹36 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

Lead Manager

Beeline Broking Ltd

Issue 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)

Jay Jalaram Technologies Ltd (Kore Mobile) IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
30 Mar 223590.4816555.8587.17---
31 Mar 212839.3512225.329.35---
31 Mar 202487.199523.412.56---
31 Mar 191704.759577.07-6.34---

All values are in ₹ Lakh

Promoters & Share Holding

Promoter(s) Name

Share Holding Pre IssueShare Holding Post Issue
100%73.04%

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.

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Jay Jalaram Technologies Ltd (Kore Mobile) IPO Subscription Details

As onQIB/NIIRetailTotal
Shares Offered / Reserved1,425,0001,425,0002,850,000
Day 1 -26-08-22 06:00 PM
0.17 x0.91 x0.54 x
Day 2 -29-08-22 06:00 PM
0.51 x2.72 x1.61 x
Day 3 -30-08-22 06:00 PM
18.56 x11.38 x14.97 x
Total No. of Applications:

Company Contact Details

Jay Jalaram Technologies Ltd (Kore Mobile)

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

Frequently Asked Questions about Jay Jalaram Technologies Ltd (Kore Mobile) IPO

When will Jay Jalaram Technologies Ltd (Kore Mobile) IPO open for subscription?

The Jay Jalaram Technologies Ltd (Kore Mobile) IPO opens on 26 Aug, 2022 and closes on 30 Aug, 2022.

What is the investors portion for Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

The investors' portion for QIB is , NII is N/A, and Retail is 1425000.

How to apply for Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

You can apply for Jay Jalaram Technologies Ltd (Kore Mobile) IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

The issue size of Jay Jalaram Technologies Ltd (Kore Mobile) IPO is approx ₹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) crores.

What is the price band of Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

The price band for Jay Jalaram Technologies Ltd (Kore Mobile) IPO is ₹36 per equity share to ₹undefined.

What is the lot size of Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

The minimum bid (lot size) for Jay Jalaram Technologies Ltd (Kore Mobile) IPO is N/A shares with an investment of approx ₹108,000 .

What is the allotment date of Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

The allotment date for Jay Jalaram Technologies Ltd (Kore Mobile) IPO is 5 Sep, 2022.

What is the listing date of Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

The listing date for Jay Jalaram Technologies Ltd (Kore Mobile) IPO is expected to be 8 Sep, 2022.

What is the GMP of Jay Jalaram Technologies Ltd (Kore Mobile) IPO?

The latest Grey Market Premium (GMP) for Jay Jalaram Technologies Ltd (Kore Mobile) IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Jay Jalaram Technologies Ltd (Kore Mobile) IPO Date, Review, Price, Allotment Details, GMP | IPOROCK