Jay Jalaram Technologies Limited is engaged in retailing of smartphones and related accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus and Xiaomi for multiple brands. The company also offers multi-brand consumer electronics retail such as smart TVs, air conditioners, refrigerators, coolers, etc. from brands like TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi and Skytron.
The company operates under the brand name “KORE”. As of 30 April 2022, Jay Jalaram Technologies operates a total of 82 stores across the state of Gujarat. Of the 82 stores, 10 are company-owned retail stores, 65 franchise-owned and operated branch retail stores (“FOFO model”) and 7 franchisee-owned and operated retail stores (“FOCO model”).
Another business vertical of the company includes exclusive representation of electric bikes, their spare parts and accessories under the brand name “Revolt” for the Ahmedabad region. As of April 30, 2022, the company is selling electric bikes through 2 company-owned retail outlets located at Ashram Road in Ahmedabad and Nana Chiloda in Gandhinagar.
Competitive Strengths
- Experienced Promoters and Management Team.
- Widespread distribution network.
- Wide range of Products.
- Strategic location and facilities.
Company Promoters
- Mr. Kamlesh Varjivandas Thakkar
- Mr. Kamlesh Hariram Lalwani
- Mr. Mukeshkumar Navnitray Bhatt
Company Financials
| Particulars | 31 Dec 2021 | 31 March 2021 | 31 March 2020 | 31 March 2019 |
|---|---|---|---|---|
| Total Revenue | 12,012.77 | 12,225.30 | 9523.41 | 9577.07 |
| Total Expense | 11,930.31 | 12,182.15 | 9518.88 | 9580.70 |
| Profit Before Tax | 82.46 | 43.14 | 4.53 | -3.62 |
| Profit After Tax | 63.65 | 29.35 | 2.56 | -6.34 |
Object Of The Issue
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Jay Jalaram Technologies IPO – Details
| IPO Opening Date | 26 August 2022 |
| IPO Closing Date | 30 August 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹10.8 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Jay Jalaram Technologies IPO – Date Schedule
| IPO Open Date | 26 Aug 2022 |
| IPO Close Date | 30 Aug 2022 |
| Basis of Allotment Date | 05 Sep 2022 |
| Initiation of Refunds | 06 Sep 2022 |
| Credit of Shares to Demat Account | 07 Sep 2022 |
| IPO Listing Date | 08 Sep 2022 |
Jay Jalaram Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,08,000 |
| Maximum | 1 | 3000 | 1,08,000 |
Jay Jalaram Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.04% |
Jay Jalaram Technologies IPO Prospectus
Company Contact Information
| Jay Jalaram Technologies Limited Office No.103, Shail Mall, B/H. Girish Cold Drink, Shilp Char Rasta, C. G. Road, Navrangpura, Ahmedabad -380009, Gujarat. Website: www.koremobiles.com E-Mail: cs@koremobiles.com Telephone No: 079 4899 5415. |
Jay Jalaram Technologies IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: jjtl.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
Jay Jalaram Technologies IPO Lead Manager(s)
| 1. Beeline Capital Advisors Private Limited |
Jay Jalaram Technologies IPO FAQs
| What is Jay Jalaram Technologies IPO? Jay Jalaram Technologies IPO is a SME IPO. The issue is priced at ₹36 per equity share. The IPO is to be listed on NSE SME. |
| When Jay Jalaram Technologies IPO will open? The IPO is to open on 26 August 2022 for NII and Retail Investors. |
| What is Jay Jalaram Technologies IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Apply the Jay Jalaram Technologies IPO? You can apply Jay Jalaram Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Jay Jalaram Technologies IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Jay Jalaram Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Jay Jalaram Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Jay Jalaram Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Jay Jalaram Technologies IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Jay Jalaram Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Jay Jalaram Technologies IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Jay Jalaram Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Jay Jalaram Technologies IPO Size? Jay Jalaram Technologies IPO size is ₹10.8 crores. |
| What is Jay Jalaram Technologies IPO Price Band? Jay Jalaram Technologies IPO Price Band is ₹36. |
| What is Jay Jalaram Technologies IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,08,000 amount while the maximum bid is 3000 shares with ₹1,08,000. |
| What is the Jay Jalaram Technologies IPO Allotment Date? Jay Jalaram Technologies IPO allotment date is 05 September 2022. |
| What is the Jay Jalaram Technologies IPO Listing Date? Jay Jalaram Technologies IPO listing date is 08 September 2022. The IPO is to list on NSE SME. |
