Jay Jalaram Technologies was incorporated on January 17, 2012. The company is engaged in multi-brand retail selling of Smart Phones and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi
| Bidding Dates |
|---|
| 26 Aug 2022 - 30 Aug 2022 |
| Subscription |
|---|
| 14.97x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 3.0 M | ₹36 | 73.05 % | ₹108.0 M | RHP DOC |
Jay Jalaram Tech IPO SUBSCRIPTION STATUS
30 Aug '22Jay Jalaram Tech IPO overall subscription rate was 14.97 times the total available shares
Jay Jalaram Tech IPO retail subscription rate was 11.38 times in the retail segment
Jay Jalaram Tech IPO non-institutional investor subscription rate was 18.56 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Aug 2022 (Day 3) | 11.38x | 18.56x | - |
29 Aug 2022 (Day 2) | 2.72x | 0.51x | - |
26 Aug 2022 (Day 1) | 0.91x | 0.17x | - |
Jay Jalaram Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 8.7 | 1,652.6 | -30.9 | -32.5 |
| FY21 | 2.9 | 1,214.6 | 9.3 | 7.9 |
| FY20 | 0.3 | 951.5 | -44.5 | -112.1 |
| FY19 | -0.6 | 951.9 | -6.2 | -10.1 |
Jay Jalaram Tech IPO SUBSCRIPTION STATUS DETAILS
Jay Jalaram Tech had 3.0 M shares on offer
Jay Jalaram Tech IPO offer price was ₹36
Jay Jalaram Tech IPO minimum Investment was ₹108000
Jay Jalaram Tech IPO issue size was ₹ 108.0 M
Jay Jalaram Tech had a minimum lot size of 3000 Shares per application
Jay Jalaram Tech NUMBER OF SHARES ON OFFER
Jay Jalaram Tech IPO IMPORTANT DATES
| Issue Open Date | 26 Aug 2022 |
| Issue close Date | 30 Aug 2022 |
| Allotment Date | 05 Sep 2022 |
| Refund Date | 06 Sep 2022 |
| Demat Account Credit Date | 07 Sep 2022 |
| Listing Date | 08 Sep 2022 |
| Listing on Exchange(s) | NSE |
| Jay Jalaram Tech Allotment Status | Exchange |
Jay Jalaram Tech IPO subscription opened on 26 Aug 2022, and closed on 30 Aug 2022
IPO allotment for Jay Jalaram Tech was finalized on Monday, 05 Sep 2022
IPO listing for Jay Jalaram Tech was on NSE on Thursday, 08 Sep 2022
Jay Jalaram Tech IPO LISTING GAINS
| Issue Price (adjusted) | 36.0 |
| Listing Open Price | 50.0 |
| Listing Close Price | 52.5 |
| Listing Gain% | 38.9% |
| Current Gain% | 373.6% |
Jay Jalaram Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jay Jalaram Technologies Ltd. | 170.5 | 189.8 | 20.1 | 0.4 | 0.2 | 12.3 | 5.1 | 854.8 | 27.9 | 10.3 | 64.4 | 8.5 | 50.9 |
| Vedant Fashions Ltd. | 524.9 | 12753.9 | 33.1 | -13.3 | 8.8 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 91.6 | 11173.9 | 63.5 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 624.3 | 8062.1 | 58 | 2 | 2.8 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2833.1 | 7580.7 | 73 | 5.9 | 4.4 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 180.8 | 6955.1 | 33.7 | 0.4 | 0.9 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Jay Jalaram Tech INFORMATION ON IPO ISSUE
About Jay Jalaram Tech
Jay Jalaram Technologies was incorporated on January 17, 2012. The company is engaged in multi-brand retail selling of Smart Phones and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet public issue expenses
Jay Jalaram Tech - PROMOTERS
| Name |
|---|
| Kamlesh Varjivandas Thakkar |
| Kamlesh Hariram Lalwani |
| Mukeshkumar Navnitray Bhatt |
Jay Jalaram Tech Lead Manager to the Issue
Beeline Broking Limited
mb@beelinemb.com
Jay Jalaram Tech Registrar to the Issue
Link Intime India Private Limited
jjtl.ipo@linkintime.co.in
Jay Jalaram Tech Strengths
Experienced team
The management team is experienced in the industry it operates and has been responsible for the growth of the operations and financial performance
Widespread distribution network
The company sells its products through a total of 82 stores across the state of Gujarat for the sale of Electric Gadgets and other accessories
Wide range of products
The company sells smart mobile handsets of all the major brands including Vivo, Tecno, TCL, Sansui, Samsung, Realme, Oppo, Oneplus, Nokia, Narz, Mi and Lava.
Jay Jalaram Tech Risks
Legal proceedings
The company, promoters, promoters group and group companies are party to certain litigation and claims
Company has taken offices on lease basis
The company has taken offices on a lease and some of the lease agreements are not renewed/not executed/inadequately executed, because of which operations may be adversely affected
Discrepancies and non-compliances
There are certain discrepancies and non-compliances noticed in some of the corporate records relating to forms filed with the Registrar of Companies
IPO FAQs
The promoters of the company are Kamlesh Varjivandas Thakkar, Kamlesh Hariram Lalwani and Mukeshkumar Navnitray Bhatt.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 36.0 - 36.0.
The IPO application opens on Aug 26, 2022 and closes on Aug 30, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Sep 05, 2022.
The refund will be credited to your account on Sep 06, 2022.
The allotted shares will be credited to your demat on Sep 07, 2022.
Jay Jalaram Technologies Ltd.’s shares listed on the stock exchanges on Sep 08, 2022.