Jay jalaram technologies IPO is engaged in multi-brand retail selling of Smart Phones and allied accessories.
Jay jalaram technologies IPO – Overview
| IPO Dates | 29-30 Aug 2022 |
| IPO Price | INR 36 per share |
| Fresh issue | 3000,000 shares (INR 10.80 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3000,000 shares (INR 10.80 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Jay jalaram technologies IPO -Tentative Dates
| IPO Offer Opening Date | 26 August 2022 |
| IPO Closing Date | 30 August 2022 |
| Finalisation of Basis of Allotment | 05 September 2022 |
| Initiation of refunds | 06 September 2022 |
| Transfer of shares to demat accounts | 07 September 2022 |
| IPO Listing Date | 08 September 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Incorporated in 2012, Jay Jalaram Technologies Limited is engaged in multi-brand retail selling of Smart Phones and allied accessories 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 operates 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.
Strengths:
- Experienced Promoters and Management Team.
- Widespread distribution network.
- Wide range of Products.
- Strategic location and facilities.
Objects of the Issue
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 3590.48 | 2839.35 | 2487.19 |
| Total Revenue | 16555.85 | 12225.3 | 9523.41 |
| Profit After Tax | 87.17 | 29.35 | 2.56 |
Company Contact Information
Jay Jalaram Technologies Ltd
Office No.103, Shail Mall,
B/H. Girish Cold Drink, Shilp Char Rasta,
C. G. Road, Navrangpura, Ahmedabad -380009
Phone: 079 4899 5415
Email: cs@koremobiles.com
Website: http://www.koremobiles.com/
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jjtl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
