Jay Jalaram Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Jay Jalaram Technologies IPO release date, IPO offer price, subscription, Jay Jalaram Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 36 |
| Listing At | NSE SME |
| Min. Order Quantity | 3000 shares |
| Listing Date | Sep 8, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 1080 Lakhs |
| IPO Size | Rs. 1080 Lakhs |
| Tick Size | 1 |
Jay Jalaram Technologies IPO is listed at a Sep 8, 2022 premium. Check out the live share price by clicking on the below link.
Jay Jalaram Technologies IPO – Summary
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.
The Promoter of this company is MR. KAMLESH VARJIVANDAS THAKKAR, MR. KALESH HARIRAM LALWANI AND MR. MUKESHKUMAR NAVNITRAY BHATT . The lead manager to the issue is Beeline Capital Advisors Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
Jay Jalaram Technologies IPO Date
The opening of Jay Jalaram Technologies IPO will be on Aug 26, 2022 and the closing date Aug 30, 2022.
Jay Jalaram Technologies IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 26th Aug | 0.17x | 0.91x | 0.54x |
| 2nd Day – 29th Aug | 0.51x | 2.72x | 1.61x |
| 3rd Day – 30th Aug | 18.56x | 11.38x | 14.97x |
| Shares Offered or Net Issue | 1,425,000 | 1,425,000 | 2,850,000 |
The shares subscribed by the public will be updated here.
Jay Jalaram Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Jay Jalaram Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 5, 2022 |
| Refunds Initiation | Sep 6, 2022 |
| Credit of Shares to Demat Account | Sep 7, 2022 |
| Share Listing Date | Sep 8, 2022 |
Jay Jalaram Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.36.
Jay Jalaram Technologies IPO Equity Size
This Initial Public Issue of 3,000,000 Equity Shares of Rs.10 each for cash at a price of Rs.36 per equity share aggregating to Rs.1080 Lakh.
Jay Jalaram Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2850000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 3,000,000 Equity Shares of Rs.10 each, aggregating to Rs. 1080 Lakh.
Open Free Demat Account Now!
Jay Jalaram Technologies IPO – Live Performance
The listing date of this IPO is Sep 8, 2022 You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Jay Jalaram Technologies Share Price |
Jay Jalaram Technologies IPO Grey Market Premium
The Jay Jalaram Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Jay Jalaram Technologies IPO – Company Overview
Our Company was originally incorporated as “Jay Jalaram Technologies Private Limited” as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 17, 2012, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.
Subsequently, our Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on May 10, 2022 and the name of our Company was changed to “Jay Jalaram Technologies Limited”.
A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated May 25, 2022 was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The Corporate Identification Number of our Company is U32202GJ2012PLC068660.
Jay Jalaram Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Mar-19 | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | |
| Total Assets | 1704.75 | 2487.19 | 2839.35 | 3590.48 |
| *Total Revenue | 9577.07 | 9523.41 | 12225.3 | 16555.85 |
| Total Expense | 9,580.70 | 9,518.88 | 12,182.150 | 16,447.93 |
| Profit After Tax | -6.34 | 2.56 | 29.35 | 87.17 |
Earnings per Equity Share (in Lakh)
| 31-Mar-19 | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | |
| Basic & Diluted | 1.01 | 0.41 | 4.66 | 7.36 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.87.17 Lakh,Rs.29.35 Lakh,Rs. 2.56 Lakh,and Rs. -6.34 Lakhs respectively.
Jay Jalaram Technologies IPO – Promoters
The Promoter of this company is:
- MR. KAMLESH VARJIVANDAS THAKKAR
- MR. KALESH HARIRAM LALWANI
- MR. MUKESHKUMAR NAVNITRAY BHATT
List of Related Parties (Key Managerial Personnel)
- Mr. Kamlesh Varjivandas Thakkar, Chairman cum Managing Director
- Mr. Kamlesh Hariram Lalwani, Executive Director
- Mr. Mukeshkumar Navnitray Bhatt, Executive Director and Chief Financial Officer
- Mr. Vipul Thakkar, Executive Director
- Mr. Ashwin Ramanlal Shah, Independent Director
- Mr. Varad Sanjaykumar Chandibhamar, Independent Director
- Mrs. Heer Dipesh Kanjani, Independent Director
- Mr. Mukesh Dalpatram Prajapat, Company Secretary & Compliance Officer
Jay Jalaram Technologies IPO – Promoters Holding
- Pre Issue Share Holding -100 %
- Pos Issue Share Holding -73.04%
Jay Jalaram IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 30,00,000 Equity Shares aggregating up to Rs.1,080.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 150000 Equity Shares aggregating up to Rs.54.00 Lakh |
| Net Issue to the Public | Up to 2850000 Equity Shares aggregating up to Rs. 1,026.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 8130000 Equity Shares |
| Equity Shares outstanding after the Issue | 11130000 Equity Shares |
Jay Jalaram Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
Jay Jalaram Technologies IPO – Business Strategy
- Improve Sales
- Leveraging our market skills and relationship
- To increase brand visibility
- Maintaining edge over competitors
Jay Jalaram IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Widespread distribution network
- Wide range of Products
- Strategic location and facilities
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 7.36 | 8.16 | 39.40 |
| 31-Mar-21 | 4.66 | – | – |
| 31-Mar-20 | 0.41 | – | – |
| 31-Mar-19 |
1.01 | – | – |
Jay Jalaram Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Jay Jalaram Technologies Limited | 10 | 4.89 | 7.36 | 8.16 | 16,525.90 |
| Listed Peers | |||||
| Bhatia Communications & Retail (India) Limited |
1 | 55.24 | 0.42 | 11.41 | 23,347.17 |
Jay Jalaram Technologies IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat. Telephone Number: 079 4840 5357 Email Id:mb@beelinemb.com Investors Grievance Id:ig@beelinemb.com Website:www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Jay Jalaram IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra Tel. Number: 022 4918 6200 Fax: 022 4918 6195 Email Id:jjtl.ipo@linkintime.co.in Investors Grievance Id:jjtl.ipo@linkintime.co.in Website:www.linkintime.co.in Contact Person: Shanti Goapalkrishnan CIN: U67190MH1999PTC118368 |
Jay Jalaram Technologies IPO – Other Details
- Statutory Auditor – M/s A Y & Co, and M/S P N G & ASSOCIATES
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – HDFC Bank Limited
Jay Jalaram IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Jay Jalaram Technologies IPO
Jay Jalaram Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Jay Jalaram Technologies IPO Review FAQs
Check out various FAQs related to Jay Jalaram Technologies IPO:
What is the Issue Size of Jay Jalaram Technologies IPO?
The Company is making an initial public offer of 3000000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Jay Jalaram Technologies IPO?
The price band for this particular IPO ranges between Rs. 36. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Jay Jalaram Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 26, 2022, while the closing date is set at Aug 30, 2022.
What is the Jay Jalaram Technologies IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 5, 2022, refund initiation is on Sep 6, 2022, credit of shares is on Sep 7, 2022, and share listing date is on Sep 8, 2022.
What is the Jay Jalaram Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 8, 2022. The date, when the listing would be done, is stagnant on Sep 8, 2022.
Who is the Registrar of Jay Jalaram IPO?
One of the reputed registrars is managing the issue of this IPO, Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Jay Jalaram IPO?
Here are the promoters of this IPO – MR. KAMLESH VARJIVANDAS THAKKAR, MR. KALESH HARIRAM LALWANI and MR. MUKESHKUMAR NAVNITRAY BHATT . You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Jay Jalaram IPO?
We have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Jay Jalaram IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Jay Jalaram Technologies Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-2019 were Rs.87.17 Lakh,Rs.29.35 Lakh,Rs. 2.56 Lakh,and Rs. -6.34 Lakhs.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics