Jay Jalaram Technologies Limited
ListedSMEIT & Technology Services · NSE
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.
Price Band
₹36
Issue Size
₹10.80 Cr
Lot Size
3000 shares
GMP
₹4
+11.1%
Est. Listing
₹40
at current GMP
Subscribed
14.97x
overall
Open
26 Aug 2022
Close
30 Aug 2022
Allotment
5 Sep 2022
Refund
6 Sep 2022
Demat Credit
7 Sep 2022
Listing
8 Sep 2022
Last updated 12 days ago
Key Highlights
- •Leading player in the IT & Technology Services segment
- •Price band established at ₹36 - ₹36 per equity share
- •Minimum bid lot is 3000 shares
- •Estimated listing target of ₹40 based on current grey market activity