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Jay Jalaram Technologies Limited, founded in 2012, is a multi-brand retailer of smartphones and related accessories from manufacturers such as Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi. TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron are among the companies that offer multi-brand retail sales of consumer durable electronics items such as Smart TVs, Air Conditioners, Fridges, and Coolers.
The corporation is known by the brand name “KORE.” Jay Jalaram Technologies operates 82 outlets in Gujarat as of April 30, 2022. Ten of the 82 locations are company-owned, 65 are franchisee-owned and franchise-operated branch retail stores (“FOFO Model”), and seven are franchisee-owned and company managed.
The company’s second business vertical comprises an exclusive dealership of Electric Bikes, replacement parts, and accessories for the Ahmedabad region under the brand name “Revolt.” As of April 30, 2022, the firm distributes Electric Bikes through two corporate-owned retail stores in Ahmedabad’s Ashram Road region and Gandhinagar’s Nana Chiloda district.
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. |
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
31-Mar-19 | 1704.75 | 9577.07 | -6.34 | 23.71 | 2.71 |
31-Mar-20 | 2487.19 | 9523.41 | 2.56 | 26.27 | 5.27 |
31-Mar-21 | 2839.35 | 12225.3 | 29.35 | 55.62 | 34.62 |
31-Mar-22 | 3590.48 | 16555.85 | 87.17 | 1067.79 | 796.79 |
Amount in ₹ Lakhs | |||||
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 |
Listed On : NSE SME
Issue Price : ₹36 per share
Listing Day Close :
Listing Day Gain :
NSE : NA
ISIN CODE : NA
BSE : NA
Updated Soon.
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 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jjtl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
The Kore Mobile IPO is a BSE SME IPO of ₹36 per share with a face value of 10 per equity share.
The issue size is priced at 3,000,000 shares of ₹10 (aggregating up to ₹10.80 Cr).
The fresh issue size priced at 3,000,000 shares of ₹10 (aggregating up to ₹10.80 Cr).
The initial public offering (IPO) begins on Aug 26 , 2022 and ends on Aug 30, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and SME.
The Kore Mobile IPO opens on Aug 26, 2022 and closes on Aug 30, 2022.
Kore Mobile IPO Market lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
The finalisation of Basis of Allotment for Kore Mobile IPO will be done on Sep 5, 2022. and the allotted shares will be credited to your demat account by Sep 7, 2022. Check the Kore Mobile IPO status.
The Kore Mobile IPO listing date is on Sep 8, 2022.
Kore Mobile IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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