Jay Jalaram Technologies Ltd IPO Detail
Incorporated in 2012, Jay Jalaram Technologies Limited 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. The company also offers multi-brand retail selling of consumer durable electronics goods like Smart TVs, Air Conditioners, Fridges, Coolers etc. from brands like TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron.
The company operate under the brand name "KORE". As of April 30, 2022, Jay Jalaram Technologies operates from a total of 82 stores across the state of Gujarat. Out of 82 stores 10 are company-owned retail outlets, 65 are franchisee owned and franchise-operated branch retail stores ("FOFO Model") and 7 are franchisee owned and company operated branch retail stores ("FOCO Model").
The company's other business vertical includes an exclusive dealership of Electric Bikes, its spare parts and accessories under the brand name "Revolt" for the Ahmedabad region. As of April 30, 2022, the company sells Electric Bikes through 2 company-owned retail outlets situated at Ashram Road area in Ahmedabad and Nana Chiloda in Gandhinagar.
Competitive Strengths :
- Experienced Promoters and Management Team.
- Widespread distribution network.
- Wide range of Products.
- Strategic location and facilities.
Company Promoters
Mr. Kamlesh Varjivandas Thakkar, Mr. Kamlesh Hariram Lalwani and Mr. Mukeshkumar Navnitray Bhatt are the company promoters.IPO Details
| IPO Opening Date | Aug 26, 2022 |
| IPO Closing Date | Aug 30, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹10.80 Cr |
| Fresh Issue | 3,000,000 shares of ₹10 (aggregating up to ₹10.80 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 18.56x | 11.38x | 14.97x |
IPO Tentative Timetable
The Jay Jalaram Technologies Ltd IPO open date is Aug 26, 2022, and the close date is Aug 30, 2022. The issue may list on Sep 08, 2022.
| IPO Open Date | Aug 26, 2022 |
| IPO Close Date | Aug 30, 2022 |
| Basis of Allotment Date | Sep 05, 2022 |
| Initiation of Refunds | Sep 06, 2022 |
| Credit of Shares to Demat Account | Sep 07, 2022 |
| IPO Listing Date | Sep 08, 2022 |
IPO Lot Size
The Jay Jalaram Technologies Ltd IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108000 |
| Maximum | 1 | 3000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.04% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2487.19 | 9523.41 | 2.56 |
| 31-Mar-21 | 2839.35 | 12225.3 | 29.35 |
| 31-Mar-22 | 3590.48 | 16555.85 | 87.17 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
Jay Jalaram Technologies Ltd IPO Registrar:
Link Intime India Private Ltd
Jay Jalaram Technologies Ltd IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
Company Contact Information:
Jay Jalaram Technologies Ltd
Office No.103, Shail Mall, B/H. Girish Cold Drink, Shilp Char Rasta, C. G. Road, Navrangpura,
Ahmedabad
Gujarat
