.png&w=256&q=75)
Jay Jalaram Technologies Ltd (Kore Mobile)
NSE SME₹108,000 / 3000 Shares
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
NO REVIEWJay 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,08,000 |
| Retail (Max) | 1 | 3000 | ₹1,08,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,16,000 |
| S-HNI (Max) | 9 | 27000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 30000 | ₹10,80,000 |
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 LtdLead 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)Jay 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
Promoters & Share Holding
Promoter(s) Name
| Share Holding Pre Issue | Share 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.
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 |
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.
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.
