What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Jay Jalaram Technologies Limited IPO allotment date?

The basis of allotment for Jay Jalaram Technologies Limited IPO is scheduled to be finalized on 5 Sep 2022.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 6 Sep 2022.

Jay Jalaram Technologies Limited

ListedSME

IT & 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

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

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Jay Jalaram Technologies Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

5 Sep 2022

Basis finalization

Refunds Initiate

6 Sep 2022

Mandate release

Demat Credit

7 Sep 2022

Shares in demat

Listing Debut

8 Sep 2022

Trading begins

How to Check Jay Jalaram Technologies Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Jay Jalaram Technologies Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Jay Jalaram Technologies Limited Public Issue & Market Profile

Jay Jalaram Technologies Limited is bringing an initial public offering (IPO) in the IT & Technology Services sector with an aggregate issue size of ₹10.8 Crores. The shares are offered at a price band of ₹36 to ₹36 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,08,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-09-07, while un-allotted funds or UPI block mandates will be released on 2022-09-06.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.