Kore Mobile IPO Details: The IPO date for Kore Mobile has been set. The IPO will begin on August 26 and end on August 30, 2022. Kore Mobile 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. Kore Mobile is an NSE SME IPO that will raise Rs. 10.80 crores through the IPO. The price band for the Kore Mobile IPO is Rs. 36, with a market lot of 3000 shares.
The company is known by the brand name “KORE.” As of 30 April 2022, Jay Jalaram Technologies operated 82 stores throughout Gujarat. Ten of the 82 stores are owned by the company, 65 are franchise-owned and operated branch retail stores (“FOFO model”), and seven are franchisee-owned and operated retail stores (“FOCO model”).
Kore Mobile IPO Details
|IPO Opening Date||Aug 26, 2022|
|IPO Closing Date||Aug 30, 2022|
|Price Band||Rs. 36 per share|
|Lot Size||3000 Shares|
|Issue Size (Rs. Cr.)||3,000,000 shares of Rs. 10 (aggregating up to Rs. 10.80 Cr)|
|Fresh Issue||3,000,000 shares of Rs. 10 (aggregating up to Rs. 10.80 Cr)|
|Face Value||Rs. 10 per share|
|Issue Type||Fixed Price Issue IPO|
|Exchange Board||NSE, SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Basis of Allotment Date||Sep 5, 2022|
|Initiation of Refunds||Sep 6, 2022|
|Credit of Shares to Demat Account||Sep 7, 2022|
|Kore Mobile IPO Listing Date||Sep 8, 2022|
Kore Mobile IPO Date
Kore Mobile IPO Dates are set. Kore Mobile IPO open on 26 Aug 2020 and Kore Mobile IPO will close on 30 Aug 2022. As of April 30, 2022, the company will be known as As. The company operates 82 stores throughout the state of Gujarat.
Kore Mobile IPO Issue Size
Kore Mobile IPO is going to list on NSE, SME. Issue size of Kore Mobile IPO is Rs. 10.80 Cr. Kore Mobile primarily sell smart mobile handsets of all major brands, mobile handset accessories, tablets, data cards, and other consumer durable electronics goods all under one roof.
Kore Mobile IPO Price Band
Type of Kore Mobile IPO is fixed Price Issue IPO. Kore Mobile IPO is Rs. 36 per share. Another business vertical of Kore Mobile is the exclusive representation of electric bikes, spare parts, and accessories for the Ahmedabad region under the brand name “Revolt.”
Kore Mobile IPO Lot Size
The lot size for the Kore Mobile IPO is 3000 shares. A retail investor can apply for up to one lot (3000 shares or Rs. 108,000).
Kore Mobile IPO Allotment Date and Listing Date
The shares will be credited to applicants’ demat accounts on 7 Sep 202. Kore Mobile IPO allotment date is 5 Sep 2022 and Kore Mobile IPO will listing on 8 Sep 2022.
About Kore Mobile Limited IPO
Jay Jalaram Technologies Limited, founded in 2012, is a multi-brand retailer of smartphones and related accessories from manufacturers such as Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi. TCL, Haier, Diakin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron are among the brands that offer multi-brand retail sales of consumer durable electronics goods such as Smart TVs, Air Conditioners, Fridges, and Coolers.
The company is known by the brand name “KORE.” Jay Jalaram Technologies operates 82 stores across Gujarat as of April 30, 2022. Ten of the 82 stores are company-owned, 65 are franchisee-owned and franchise-operated branch retail stores (“FOFO Model”), and seven are franchisee-owned and company-operated branch retail stores (“FOCO Model”).
The company’s other business vertical includes an exclusive dealership of Electric Bikes, spare parts, and accessories for the Ahmedabad region under the brand name “Revolt.” As of April 30, 2022, the company sells Electric Bikes through two company-owned retail outlets in Ahmedabad’s Ashram Road area and Gandhinagar’s Nana Chiloda.
Promoters of Kore Mobile IPO
The company’s promoters are Mr. Kamlesh Varjivandas Thakkar, Mr. Kamlesh Hariram Lalwani, and Mr. Mukeshkumar Navnitray Bhatt.