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KORESME / NSEListed

Jay Jalaram Technologies Limited

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.

₹36 - ₹3614.97x sub
Listed Price50.00
Listing Gain+38.89%
TimelineFixed Price IPO
Open26 Aug 2022
Close30 Aug 2022
Allotment05 Sep 2022
Listing08 Sep 2022

Quota Reservation Portions

Market MakerPortion: 1,50,000 shares
5%
Nii (hni)Portion: 14,25,000 shares
47.5%
RetailPortion: 14,25,000 shares
47.5%

Minimum Application Bracket Matrix

Retail1 lots / 3,000 shares
₹1,08,000
HNI2 lots / 6,000 shares
₹2,16,000

About the Company

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.

Company Promoters

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