Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Fri, Aug 26, 2022 - Tue, Aug 30, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 26, 2022
IPO Close
Tue, Aug 30, 2022
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹40.07 Cr
| IPO Date | 26 to 30 Aug, 2022 |
| Listed on | Thu, Sep 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,50,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.5400 Cr) |
| Fresh Issue (Ex Market Maker) | 28,50,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 28,50,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 81,30,000 shares |
| Share Holding Post Issue | 1,11,30,000 shares |
| NSE Symbol | KORE |
| ISIN | INE0J6801010 |
Jay Jalaram Technologies IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,50,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 14,25,000 (50.00%) allocated to NII 14,25,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,25,000 | 50.00% | 47.50% |
| Retail Shares Offered | 14,25,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.00% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 35.90 | 28.39 | 24.87 | 17.05 |
| Total Income | 165.56 | 122.25 | 95.23 | 95.77 |
| Profit After Tax | 0.87 | 0.29 | 0.03 | -0.06 |
| NET Worth | 10.68 | 0.56 | 0.26 | 0.24 |
| Reserves and Surplus | 7.97 | 0.35 | 0.05 | 0.03 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 8.00 |
| 2 | General Corporate Purpose | 2.35 |
| 3 | Public Issue Expenses | 0.45 |
| KPI | |
|---|---|
| ROE | 15.72 |
| ROCE | 11.84 |
| Debt/Equity | 0.97 |
| RoNW | 8.16 |
| PAT Margin | 0.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.36 | |
| P/E (x) | 46 | |
| Promoter Holding | 100% | 73.04% |
| Market Cap | ₹40.07 Cr. |
The Kore Mobile IPO is subscribed 14.97 times on August 30, 2022 5:00:00 PM (Day 3). The public issue subscribed 11.38 times in the retail category, [.] times in the QIB category, and 18.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 18.56 | 14,25,000 | 2,64,51,000 |
| Retail | 11.38 | 14,25,000 | 1,62,15,000 |
| Total | 14.97 | 28,50,000 | 4,26,66,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.07 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 5 | Fees payable to Peer Review Auditor | 0.01 |
| 6 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 7 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹50.00 |
| Low | ₹50.00 |
| High | ₹52.50 |
| Last Trade | ₹52.50 |
Lead Manager Reports
Jay Jalaram Technologies IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Aug 26, 2022, and closes on Tue, Aug 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 Fri, Aug 26, 2022 and closes on Tue, Aug 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 Wed, Sep 7, 2022. Check the Jay Jalaram Technologies IPO allotment status.
The Jay Jalaram Technologies IPO listing date is on Thu, Sep 8, 2022.
