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
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 |
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 |
Jay Jalaram Offer News
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 |
Kore Mobile IPO GMP Daily Trend
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
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 |
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
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
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
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.
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 |
Kore Mobile IPO FAQs
What is Jay Jalaram offer size?
Jay Jalaram offer size is INR 10.80 crore.
What is Jay Jalaram IPO Price Band?
Jay Jalaram public offer price is INR 36 per share.
What is the lot size of Kore Mobile IPO?
Kore Mobile offer lot size is 3,000 shares.
What is Kore Mobile IPO GMP today?
Kore Mobile IPO GMP today is NA per share.
What is Jay Jalaram kostak rate today?
Jay Jalaram kostak rate today is NA per application.
What is Kore Mobile Subject to Sauda rate today?
Kore Mobile Subject to Sauda rate today is NA per application.
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