Kore Mobile IPO GMP, Review, Price, Allotment

Kore Mobile IPO description – Jay Jalaram Technologies 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. It is also engaged in multi-brand retail selling of consumer durable electronics goods like Smat TVs, Air Conditioners, Fridges, Coolers etc. from brands like TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi, Skytron.

The company operates under the “Kore Mobile” brand name and had a total of 82 stores across the state of Gujarat as on 30 April 2022. Out of the 82 stores, 10 are company owned retail outlets, 65 are franchise owned and franchise operated (FOFO) branch retail stores and 7 are franchise owned and company operated (FOCO) branch retail stores.

Jay Jalaram Technologies’ other business verticals include exclusive dealership of Electric Bikes, its spare parts and accessories under the brand name “Revolt” for Ahmedabad region. As on 30 April 2022, it sells Electric Bikes through 2 company owned retail outlets situated at Ashram Road area in Ahmedabad and Nana Chiloda in Gandhinagar.

Promoters of Jay Jalaram Technologies – Ms Jyoti Choudhary and Mr Gaurav Jain

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Kore Mobile IPO Details

Subscription Dates	26 – 30 August 2022
Price Band	INR 36 per share
Fresh issue	3,000,000 shares (INR10.80 crore)
Offer For Sale	Nil
Total IPO size	3,000,000 shares (INR10.80 crore)
Minimum bid (lot size)	3,000 share
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE SME

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Jay Jalaram Financial Performance

	FY2020	FY2021	FY2022
Revenue	9,515.11	12,145.87	16,525.90
Expenses	9,518.88	12,182.15	16,447.93
Net income	2.56	29.35	87.17

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Jay Jalaram Offer News

• Jay Jalaram RHP
• Jay Jalaram Draft Prospectus

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Jay Jalaram Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	0.41	4.66	7.36
PE ratio	–	–	4.89
RONW (%)	9.74	52.76	8.16
NAV	–	–	39.40
Debt/Equity ratio	36.22	16.04	0.97
ROCE (%)	7.21	18.76	11.84

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Kore Mobile IPO GMP Daily Trend

Date	Day-wise IPO GMP	Kostak	Subject to Sauda

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Kore Mobile IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	15,00,000	15,00,000	30,00,000
Day 1	0.16	0.86	0.51
Day 2	0.48	2.58	1.53
Day 3	17.63	10.81	14.22

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Jay Jalaram IPO Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
807, Phoenix, Opp. Girish Cold Drinks,
Near Vijay Cross Roads,
Navrangpura, Ahmedabad -380009
Phone: +91 079 4840 5357
E-mail: [email protected]
Website: www.beelinemb.com

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Kore Mobile Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor,
247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra
Phone: +91 22 49186200
E-mail: [email protected]
Website: www.linkintime.co.in

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Jay Jalaram IPO Contact Details

JAI JALARAM TECHNOLOGIES LIMITED
Office No.103, Shail Mall,
B/H. Girish Cold Drink,
Shilp Char Rasta, C. G. Road,
Navrangpura, Ahmedabad -380009
Phone: +91 – 079 4899 5415
Email: [email protected]
Website: www.koremobiles.com

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Jay Jalaram IPO Allotment Status

Jay Jalaram IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.

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Jay Jalaram IPO Timetable

IPO Opening Date	26 August 2022
IPO Closing Date	30 August 2022
Finalisation of Basis of Allotment	5 September2022
Initiation of refunds	6 September 2022
Transfer of shares to demat accounts	7 September 2022
Listing Date	8 September 2022
Opening Price on NSE SME	INR50 per share (up 38.89% from IPO price)
Closing Price on NSE SME	Coming soon

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Kore Mobile IPO FAQs