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Jay Jalaram Technologies IPO is a fixed price issue of ₹10.80 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹10.80 crore.
Jay Jalaram Technologies IPO bidding started from Aug 26, 2022 and ended on Aug 30, 2022. The allotment for Jay Jalaram Technologies IPO was finalized on Sep 5, 2022. The shares got listed on NSE SME on Sep 8, 2022.
Jay Jalaram Technologies IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Jay Jalaram Technologies IPO RHP for detailed Information.
| IPO Date | August 26, 2022 to August 30, 2022 |
| Listing Date | September 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹10.80 Cr) |
| Reserved for Market Maker | 1,50,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.5400 Cr) |
| Net Offered to Public | 28,50,000 shares (aggregating up to ₹10.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,30,000 shares |
| Share Holding Post Issue | 1,11,30,000 shares |
Kore Mobile IPO offers total 30,00,000 shares. Out of which 14,25,000 (47.50%) allocated to NII, 14,25,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.00%) |
| NII (HNI) Shares Offered | 14,25,000 (47.50%) |
| Retail Shares Offered | 14,25,000 (47.50%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Jay Jalaram Technologies IPO opens on August 26, 2022, and closes on August 30, 2022.
| IPO Open Date | Fri, Aug 26, 2022 |
| IPO Close Date | Tue, Aug 30, 2022 |
| Tentative Allotment | Mon, Sep 5, 2022 |
| Initiation of Refunds | Tue, Sep 6, 2022 |
| Credit of Shares to Demat | Wed, Sep 7, 2022 |
| Tentative Listing Date | Thu, Sep 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 30, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, 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.
Competitive Strengths :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 1704.75 | 9577.07 | -6.34 | 23.71 | 2.71 |
| 31-Mar-20 | 2487.19 | 9523.41 | 2.56 | 26.27 | 5.27 |
| 31-Mar-21 | 2839.35 | 12225.3 | 29.35 | 55.62 | 34.62 |
| 31-Mar-22 | 3590.48 | 16555.85 | 87.17 | 1067.79 | 796.79 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Jay Jalaram Technologies IPO is ₹40.07 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 46 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
[Dilip Davda] The company has marked growth in its top and bottom lines post FY20. It is operating in a highly competitive and fragmented segment. Based on its current earnings, the issue is aggressively priced. Risk seeker/cash surplus investors may invest with a long-term perspective. Read detail review...
| Listing Date | September 8, 2022 |
| BSE Script Code | |
| NSE Symbol | KORE |
| ISIN | INE0J6801010 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹50.00 |
| Low | ₹50.00 |
| High | ₹52.50 |
| Last Trade | ₹52.50 |
Jay Jalaram Technologies Ltd.
Office No.103, Shail Mall,
B/H. Girish Cold Drink, Shilp Char Rasta,
C. G. Road, Navrangpura
Ahmedabad, Gujarat, 380009
Phone: 079 4899 5415
Email: cs@koremobiles.com
Website: http://www.koremobiles.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: jjtl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Jay Jalaram Technologies IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹10.80 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on August 26, 2022, and closes on August 30, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jay Jalaram Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Jay Jalaram Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jay Jalaram Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jay Jalaram Technologies IPO opens on August 26, 2022 and closes on August 30, 2022.
Jay Jalaram Technologies IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Jay Jalaram Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jay Jalaram Technologies IPO will be done on Monday, September 5, 2022, and the allotted shares will be credited to your demat account by Wednesday, September 7, 2022. Check the Jay Jalaram Technologies IPO allotment status.
The Jay Jalaram Technologies IPO listing date is on Thursday, September 8, 2022.
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