Jay Jalaram Technologies Ltd (Kore Mobile)

NSE SME

Listed On: Sep 8, 2022 at ₹ 50.00

₹ 108000 /3000 Shares

Check Allotment

IPO Details

26 Aug, 2022

Open Date

30 Aug, 2022

Close Date

05 Sep, 2022

Allotment Date

08 Sep, 2022

Listing Date

Issue Price

₹36 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

50.00

Listing Date

2022-09-08

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

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

Valuations

Earnings Per Share (EPS)

₹7.36/-

P/E Ratio

4.89

RoNW

8.16%

Net Asset Value (NAV) - Post Issue

₹39.40/-

Company Financials All values are in ₹ Lakh

	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 The 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%

Company Promoter(s)

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. 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 IPO price band is set between ₹36 per equity share.

Ans. To apply for Jay Jalaram Technologies Ltd (Kore Mobile) IPO, 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 allotment status for Jay Jalaram Technologies Ltd (Kore Mobile) here.