Jay Jalaram Technologies Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹4(11.11%)
Premium (ELP)
Having completed its public offering, Jay Jalaram Technologies Limited's is now listed and trading on the NSE exchange as of Sep 08, 2022. The IPO raised cumulative capital of 30,00,000 Shares, including 30,00,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹36 to ₹36 and minimum investment requirement of 3000 shares. subscription activity between Aug 26, 2022 and Aug 30, 2022 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Sep 05, 2022 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Leadership: Led by a skilled team with strong industry expertise.
- Strong Distribution Network: Well-connected retail presence across multiple locations.
- Diverse Product Range: Offers smartphones, accessories, and consumer electronics from top brands.
- Prime Locations & Facilities: Strategically placed stores for easy accessibility and better customer reach.
NA
- Mr. Kamlesh Varjivandas Thakkar
- Mr. Kamlesh Hariram Lalwani
- Mr. Mukeshkumar Navnitray Bhatt
Jay Jalaram Technologies Limited
Link Intime India Private Limited