Newjaisa Technologies Limited IPO Detail
Incorporated in 2020, Newjaisa Technologies Limited provides refurbished electronics at discounted prices.
The company procures used gadgets such as laptops, desktops, and peripherals, refurbishes them and sells them directly to end-use customers businesses or retail. Currently, the Company is engaged in direct sales of IT Products i.e. Laptops/ Chromebooks, Desktops/Chromeboxes/ Monitors, and Accessories (Keyboard, Mouse, WiFi, Speakers) which is its key revenue model.
Newjaisa Technologies caters to the Pan India customer base which includes students, home users, SMEs, and working professionals via e-commerce and online platforms.
The company has over 347 (99 employees and 248 Interns) operating out of 28,750 Sq Ft delivering approximately 5,500 refurbished SKUs on a monthly basis.
Company Promoters
Mr. Vishesh Handa and Mr. Mukunda RaghavendraIPO Details
| IPO Opening Date | Sep 25, 2023 |
| IPO Closing Date | Sep 27, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹44 - 47 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹39.93 Cr |
| Fresh Issue | ₹39.93 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.23x | 0.60x | 0.35x |
| Day 2 | 0.00x | - | - | 0.37x | 1.81x | 0.98x |
| Day 3 | 1.02x | - | - | 6.54x | 15.34x | 6.85x |
IPO Tentative Timetable
The Newjaisa Technologies Limited IPO open date is Sep 25, 2023, and the close date is Sep 27, 2023. The issue may list on Oct 09, 2023.
| IPO Open Date | Sep 25, 2023 |
| IPO Close Date | Sep 27, 2023 |
| Basis of Allotment Date | Oct 04, 2023 |
| Initiation of Refunds | Oct 05, 2023 |
| Credit of Shares to Demat Account | Oct 06, 2023 |
| IPO Listing Date | Oct 09, 2023 |
IPO Lot Size
The Newjaisa Technologies Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹141000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹141000 |
| Maximum | 1 | 3000 | ₹141000 |
IPO Promoter Holding
| Pre Issue Share Holding | 94.23% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 337.99 | 960.71 | 73.36 |
| 31-Mar-22 | 559.15 | 2792.50 | 180.19 |
| 31-Mar-22 | 2208.70 | 4453.23 | 675.57 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Expansion of refurbishment facility and purchase of plant, machinery, and equipment.
- Investment in technology development, Branding and marketing, and Funding Working Capital requirement.
- Repayment of Bank facilities and General Corporate purposes.
Newjaisa Technologies Limited IPO Registrar:
Bigshare Services Pvt Ltd
Newjaisa Technologies Limited IPO Lead Manager(s):
Indorient Financial Services Ltd
Company Contact Information:
Newjaisa Technologies Limited
207/B2, 2nd Cross Road, J.C, Industrial Estate
Bikasipura Main Road, Off Kanakpura Road,
Near Delhi Public School, Bangalore - 560078
