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 :
- Experienced Promoters and Management Team.
- Widespread distribution network.
- Wide range of Products.
- Strategic location and facilities.
|Period Ended||Total Assets||Total Revenue||Profit After Tax||Net Worth||Reserves 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 Date||Aug 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 Size||3000 Shares|
|Issue Size||3,000,000 shares of ₹10|
(aggregating up to ₹10.80 Cr)
|Fresh Issue||3,000,000 shares of ₹10|
(aggregating up to ₹10.80 Cr)
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Company Promoters||Mr. 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 Date||Aug 26, 2022|
|Kore Mobile IPO Closing Date||Aug 30, 2022|
|Basis of Allotment||Sep 5, 2022|
|Initiation of Refunds||Sep 6, 2022|
|Credit of Shares to Demat||Sep 7, 2022|
|Kore Mobile IPO Listing Date||Sep 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 Holding||100%|
|Post Issue Share Holding||73.04%|
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
Jay Jalaram Technologies IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd