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Jay Jalaram Technologies IPO

Jay Jalaram Technologies Ltd Logo

Jay Jalaram Technologies IPO 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 :

  1. Experienced Promoters and Management Team.
  2. Widespread distribution network.
  3. Wide range of Products.
  4. Strategic location and facilities.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Objects of the Issue

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

Kore Mobile IPO Details

Kore Mobile IPO DateAug 26, 2022 to Aug 30, 2022
Kore Mobile IPO Face Value₹10 per share
Kore Mobile IPO Price₹36 per share
Kore Mobile IPO Lot Size3000 Shares
Issue Size3,000,000 shares of ₹10
(aggregating up to ₹10.80 Cr)
Fresh Issue3,000,000 shares of ₹10
(aggregating up to ₹10.80 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersMr. Kamlesh Varjivandas Thakkar, Mr. Kamlesh Hariram Lalwani and Mr. Mukeshkumar Navnitray Bhatt are the company promoters.

Kore Mobile IPO Timeline

Kore Mobile IPO opens on Aug 26, 2022, and closes on Aug 30, 2022. The Kore Mobile IPO bid date is from Aug 26, 2022 10.00 A.M. to Aug 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Kore Mobile IPO Opening DateAug 26, 2022
Kore Mobile IPO Closing DateAug 30, 2022
Basis of AllotmentSep 5, 2022
Initiation of RefundsSep 6, 2022
Credit of Shares to DematSep 7, 2022
Kore Mobile IPO Listing DateSep 8, 2022

Kore Mobile IPO Lot Size

The Kore Mobile IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).


Kore Mobile IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.04%

Kore Mobile IPO Prospectus

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: [email protected]

Kore Mobile IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]

Jay Jalaram Technologies IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd