Jay Jalaram IPO strong listing

September 8, 2022 admin 1 Reply Post Comment

Jay Jalaram Technologies IPO Guidance & Details

Jay Jalaram Technologies IPO Listing on 8 September 2022
Issued at Rs. 36
Listed at Rs. 50
Day high Rs. 52.50

Grey Market News for Jay Jalaram Technologies IPO#
On 8 September 2022
Grey Market Premium:  Rs. 2/3, limited work

Subscription Trend
On 30 August 2022 @ 5.00 pm
NII (50%) 14,25,0000 Sh: 18.56 T
RII (50%) 14,25,000 Sh: 2.72 T
Tot 2850,000 Sh: 1.61 T

Jay Jalaram Technologies IPO Details
IPO Date August 26, 2022, to August 30, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 36 per share
IPO Lot Size 3000 Shares
Issue Size 3000000 shares of Rs 10
(Aggregating up to Rs 10.80 Cr)
Fresh Issue 3000000 shares of Rs 10
(Aggregating up to Rs 10.80 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota: 50 % / 14,25,000 Shares
Minimum 3000 Rs 108,000
Maximum 3000 Rs 108,000
Retail: 475 Applications required for onetime subscriptions.

Jay Jalaram Technologies IPO Timetable 
IPO Opening Date August 26, 2022
IPO Closing Date August 30, 2022
Basis of Allotment Sept 2, 2022
Initiation of Refunds Sept 2, 2022
Credit of Shares to Demat Sept 5, 2022
IPO Listing Date Sept 6, 2022

Jay Jalaram Technologies Business:

The Company 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. It is also engaged in multi-brand retail selling of consumer durable electronics goods like Smat TVs, Air Conditioners, Fridges, Coolers etc. from brands like TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi, Skytron.
It operates under the brand name of As on April 30; 22 it operates from total 82 stores across the state of Gujarat. It primarily sells smart mobile handsets of all the major brands, accessories for the mobile handsets, tablets, data cards and other consumer duarable electronics goods under one roof.

Out of 82 stores 10 are company owned retail outlets, 65 are franchise owned and franchise operated branch retail stores (“FOFO Model”) and 7 are franchise owned and company operated branch retail stores (“FOCO Model”).
Its other business vertical includes exclusive dealership of Electric Bikes, its spare parts and accessories under the brand name “Revolt” for Ahmedabad region. As on April 30, 2022, it sells Electric Bikes through 2 company owned retail outlets situated at Ashram Road area in Ahmedabad and Nana Chiloda in Gandhinagar for which the company has signed Letter of Intent (“LoI) on September 10, 2019, with Revolt Intelicorp. Private Limited.

For more information about the company, Click www.koremobiles.com

Promoters of Jay Jalaram Technologies

Mr. Kamlesh Varjivandas Thakkar, Mr.Kalesh Hariram Lalwani & Mr. Mukeshkumar Navnitray Bhatt

Jay Jalaram Technologies: Objects of the IPO
To Meet Working Capital Requirements.

Registered office of Jay Jalaram Technologies
Office No.103, Shail Mall, B/H. Girish Cold Drink, Shilp Char Rasta, C. G. Road,
Navrangpura, Ahmedabad -380009
Company Secretary and Compliance Officer: Mr. Mukesh Dalpatram Prajapat

Lead Manager of Jay Jalaram Technologies IPO
Beeline Capital Advisors Private Limited

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 0.41
Earnings per Share 2020-21 Rs 4.66
Earnings per Share 2021-22 9M Rs 10.10
Return on Net Worth: 19-20: 9.74 %
Return on Net Worth: 20-21: 52.76 %
Return on Net Worth: 21-22 9M: 53.37 %
Book Value of the Share as on 31.3.21 Rs 8.83
NAV after the IPO Rs. 18.68
Offer Price Rs. 36

IPO Peer Comparison:
Bhatia Communications @ PE Multiple of 22.74

Observation by Paresh Gordhandas (Research Analyst)

For Guidance: Will be updated soon

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