4 - 5 minutes readKore Mobile IPO Date, Lot Size and Price

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

Kore Mobile IPO Details

IPO Opening DateAug 26, 2022
IPO Closing DateAug 30, 2022
Price BandRs. 36 per share
Lot Size3000 Shares
Issue Size (Rs. Cr.)3,000,000 shares of Rs. 10 (aggregating up to Rs. 10.80 Cr)
Fresh Issue3,000,000 shares of Rs. 10 (aggregating up to Rs. 10.80 Cr)
Face ValueRs. 10 per share
Issue TypeFixed Price Issue IPO
Exchange BoardNSE, SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Basis of Allotment DateSep 5, 2022
Initiation of RefundsSep 6, 2022
Credit of Shares to Demat AccountSep 7, 2022
Kore Mobile IPO Listing DateSep 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.

Kore Mobile IPO FAQs

What is Kore Mobile IPO?

Kore Mobile IPO is a SME IPO of 3,000,000 equity shares of the face value of Rs. 10 aggregating up to Rs. 10.80 Crores. The issue is priced at Rs. 36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Aug 26, 2022, and closes on Aug 30, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

When Kore Mobile IPO will open?

The JFL Life Sciences IPO opens on Aug 26, 2022 and closes on Aug 30, 2022.

What is the lot size of Kore Mobile IPO?

Kore Mobile IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

How to apply for Kore Mobile IPO?

You can apply for the Kore Mobile IPO online and pay with UPI or ASBA. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications.

When Kore Mobile IPO allotment?

The finalization of Basis of Allotment for Kore Mobile IPO will be done on Sep 5, 2022, and the allotted shares will be credited to your demat account by Sep 7, 2022.

When is Kore Mobile IPO listing date?

The Kore Mobile IPO listing date is Sep 8, 2022. The tentative date of Kore Mobile IPO listing is Sep 8, 2022.

Who is the registrar of Kore Mobile IPO?

The registrar for Kore Mobile IPO is Link Intime India Private Ltd.

What is Kore Mobile IPO Price Band?

Kore Mobile IPO price band is Rs. 36 per equity share.