HomeIPO SMEJay Jalaram Technologies IPO Details

Jay Jalaram Technologies IPO Details

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Jay Jalaram Technologies IPO subscription is to open on Aug 26, 2022 and will close on Aug 30, 2022, the price band of the Jay Jalaram Technologies IPO is fixed at ₹ 36. Jay Jalaram Technologies 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.

Jay Jalaram Technologies IPO

About Jay Jalaram Technologies

Jay Jalaram Technologies 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. Jay Jalaram Technologies also engaged in multi-brand retail selling of consumer durable electronics goods like Smat TVs, Air Conditioners, Fridges, Coolers etc. from brands like TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi, Skytron

Jay Jalaram Technologies operate under the brand name KORE. As on April 30, 2022 Jay Jalaram operate from total 82 stores across the state of Gujarat. Jay Jalaram primarily sell smart mobile handsets of all the major brands, accessories for the mobile handsets, tablets, data cards and other consumer duarable electronics goods under one roof. Out of 82 stores 10 are company owned retail outlets, 65 are franchise owned and franchise operated branch retail stores (“FOFO Model”) and 7 are franchise owned and company operated branch retail stores (“FOCO Model”).

Objects of the Issue

  • To Meet Working Capital Requirements
  • General Corporate Purpose
  • To meet Public Issue Expenses

Jay Jalaram Technologies Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 3,590.48 2,839.35 2,487.19
Total income 16,555.85 12,225.30 9,523.41
Total Expenses 16,447.93 12,182.15 9,518.88
Profit After Tax 87.17 29.35 2.56

Kore Mobile IPO Price – Details

DescriptionJay Jalaram IPO
Public IssueInitial Public Issue of upto 30,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 1080 Lakhs)
Issue Open  Date26-Aug-22
Issue Close Date30-Aug-22
Issue TypeFixed Price
IPO Price Band₹ 36
Face Value ₹ 10
Market Lot 3000 Equity Shares and in multiples thereof
Minimum Order Quantity 3000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolJJTL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Jay Jalaram Technologies IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,08,000
Maximum13000₹ 1,08,000

Kore Mobile IPO Lead Managers

  • Beeline Capital Advisors Private Limited

Kore Mobile IPO Registrar

Kore Mobile IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on26-Aug-22
Bid / Offer Closes on30-Aug-22
Finalisation of Basis of Allotment05-Sep-22
Initiation of refunds 06-Sep-22
Credit of the Equity Shares07-Sep-22
Listing Date08-Sep-22

Company Registered Office

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Office No.103, Shail Mall, B/H.
Girish Cold Drink, Shilp Char Rasta,
C. G. Road, Navrangpura,
Ahmedabad -380009, Gujarat.
Website:www.koremobiles.com

Company Promoters

  • Mr. Kamlesh Varjivandas Thakkar
  • Mr. Kamlesh Hariram Lalwani
  • Mr. Mukeshkumar Navnitray Bhatt

Jay Jalaram Technologies IPO – FAQS

What is the Kore Mobile IPO Price?

The Kore Mobile IPO price band is 36 per share

When Kore Mobile IPO will open?

The Kore Mobile IPO opens on Aug 26, 2022 and closes on Aug 30, 2022

What is the lot size of Jay Jalaram IPO?

The Jay Jalaram IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares

Who is the Registrar for Jay Jalaram IPO?

The Registrar for Jay Jalaram IPO is Link Intime India Private Limited

How to apply in Jay Jalaram Technologies IPO through UPI?

Check the step by step process here – Click here

How to apply in Jay Jalaram Technologies IPO through Zerodha?

Check the step by step process here – Click here

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