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
Share

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 DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Aug 26, 2022 - Aug 30, 20228 Sep, 2022₹10 Per Equity Share₹36 per equity share- Shares -NSE SME

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

Market Lot

3000 Shares (₹108,000/-)

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)

Retail Portion

N/A

Subscription

14.97 times

IPO Docs

DRHP RHP

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

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.

Read More

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 PM0.17 x0.91 x0.54 x
Day 2 - 29-08-22 06:00 PM0.51 x2.72 x1.61 x
Day 3 - 30-08-22 06:00 PM18.56 x11.38 x14.97 x
Total No. of Applications:

Jay Jalaram Technologies Ltd (Kore Mobile) IPO - Issue Objectives

  1. To Meet Working Capital Requirements
  2. General Corporate Purpose
  3. To meet Public Issue Expenses
Company Contact Details

Jay Jalaram Technologies Ltd (Kore Mobile)

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -