IPO Trending
KORESME / NSEListed
Jay Jalaram Technologies

Incorporated in 2012, Jay Jalaram Technologies Limited operates multi-brand retail stores under the brand name "KORE," selling smartphones and accessories from brands like Apple, Samsung, Oppo, Realme, Vivo, Nokia, Xiaomi, and OnePlus, as well as consumer durable electronics such as Smart TVs, air conditioners, fridges, and coolers from TCL, Haier, Daikin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron. As of April 30, 2022, the company runs 82 stores across Gujarat, including 10 company-owned outlets, 65 franchise-owned franchise-operated stores (FOFO model), and 7 franchise-owned company-operated stores (FOCO model). Additionally, the company holds an exclusive dealership for Revolt electric bikes, including spare parts and accessories, with two company-owned outlets in Ahmedabad and Gandhinagar.

DRHP
₹36 - ₹3614.97x sub
Listed Price₹50.00
Listing Gain+38.89%

IPO Schedule & Timeline

Fixed Price IPO
Open26 Aug 2022
Close30 Aug 2022
Allotment05 Sep 2022
Listing08 Sep 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker1,50,000 shares
5%
Nii (hni)14,25,000 shares
47.5%
Retail14,25,000 shares
47.5%

Minimum Application Lots

Retail1 Lot (3,000 shares)
₹1,08,000
HNI2 Lots (6,000 shares)
₹2,16,000

Company Promoters

Mr. Kamlesh Varjivandas ThakkarMr. Kamlesh Hariram LalwaniMr. Mukeshkumar Navnitray Bhatt

Company Background

Incorporated in 2012, Jay Jalaram Technologies Limited operates multi-brand retail stores under the brand name "KORE," selling smartphones and accessories from brands like Apple, Samsung, Oppo, Realme, Vivo, Nokia, Xiaomi, and OnePlus, as well as consumer durable electronics such as Smart TVs, air conditioners, fridges, and coolers from TCL, Haier, Daikin, V...

Lead Managers & Bankers

Beeline Capital Advisors Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-19)₹9577.07 Cr
Growth-42.2%
Revenue Trend (₹ in Crores)
0.06.3k12.7k19.0kMar-22Mar-21Mar-20Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-199577.07-6.341704.750
Mar-209523.412.562487.190
Mar-2112225.329.352839.350
Mar-2216555.8587.173590.480

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
05 Sep 2022
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
08 Sep 2022

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Jay Jalaram Technologies. Check with PAN or Application No.

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Allotment Schedule & Milestones

IST
1. Allotment Finalization05 Sep 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date08 Sep 2022Trading commences on exchange

How to Check Jay Jalaram Technologies Allotment Online

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Jay Jalaram Technologies IPO

Complete issue overview for Jay Jalaram Technologies (KORE) IPO. The issue features an equity share price band of ₹36 per share with a minimum retail lot size of 3000 Shares (minimum application amount of ₹1,08,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions