Jay Jalaram Technologies Ltd
August 26, 2022 – August 30, 2022
| Price | ₹36 - ₹36 |
| Premium | ₹4 |
|---|---|
| Lot size | 3000 |
| Allotment | Sep 5, 2022 |
| Listing | Sep 8, 2022 |
Jay Jalaram Technologies Ltd
Office No.103, Shail Mall,
B/H. Girish Cold Drink, Shilp Char Rasta,
C. G. Road, Navrangpura, Ahmedabad -380009
Phone: 079 4899 5415
Email: cs@koremobiles.com
Website: http://www.koremobiles.com/
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 18.56 |
| Retail Investors | 11.38 |
| Employees | [.] |
| Others | [.] |
| Total | 14.97 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 108000 | 0 |
| HNI | 2 | 6000 | 216000 | 0 |
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 Financials
| Period | Assets | Revenue | Profit | Net Worth | Reserves |
|---|---|---|---|---|---|
| 31-Mar-19 | 1704.75 | 9577.07 | -6.34 | 23.71 | 2.71 |
| 31-Mar-20 | 2487.19 | 9523.41 | 2.56 | 26.27 | 5.27 |
| 31-Mar-21 | 2839.35 | 12225.3 | 29.35 | 55.62 | 34.62 |
| 31-Mar-22 | 3590.48 | 16555.85 | 87.17 | 1067.79 | 796.79 |
| Amount in ₹ Lakhs | |||||