NewJaisa Technologies Limited IPO Details: The scheduled date for NewJaisa Technologies Limited IPO has been confirmed. The IPO is set to enter the market on September 25th and conclude on September 27th. The company aims to gather approximately ₹39.93 crores through this IPO via 8496000 shares, each valued at ₹10. The retail quota 35%, while QIB is 50% and HNI is 15%.
What is NewJaisa Technologies IPO?
NewJaisa Technologies Limited is a technology-driven direct-to-consumer refurbished IT electronics company. The company was founded in 2020 and is headquartered in Bangalore, India. NewJaisa Technologies offers a wide range of refurbished IT electronics products, including laptops, desktops, and peripherals. The company’s products are sold through its own website and through online and offline marketplaces.
NewJaisa Technologies IPO is an initial public offering (IPO) of 8,496,000 equity shares of the face value of ₹5 aggregating up to ₹39.93 crores. The IPO price band is ₹44-47 per share. The IPO is scheduled to open for subscription on September 25, 2023, and close on September 27, 2023.
The IPO proceeds will be used to finance the company’s expansion plans, including setting up new warehouses, expanding its marketing and branding efforts, and investing in technology and infrastructure.
NewJaisa Technologies is a well-established company with a strong track record of growth. The company has a strong customer base and a diversified product portfolio. The company is also well-positioned to benefit from the growing demand for refurbished IT electronics products in India.
However, investors should carefully consider the risks involved before investing in the NewJaisa Technologies IPO. The company is operating in a competitive industry and its financial performance is sensitive to the overall economic conditions.
Objectives of NewJaisa Technologies IPO
The objectives of the NewJaisa Technologies IPO are as follows:
- To finance the company’s expansion plans, including setting up new warehouses, expanding its marketing and branding efforts, and investing in technology and infrastructure.
- To meet the company’s working capital requirements.
- To meet the company’s general corporate purposes.
The company’s expansion plans will help it to increase its storage capacity, reach new customers, and improve its operational efficiency. The IPO proceeds will also help the company to reduce its debt burden and improve its financial health.
The NewJaisa Technologies IPO is a good opportunity for investors to invest in a growing company in the refurbished IT electronics sector. The company has a strong track record of growth and is well-positioned to benefit from the growing demand for its products. However, investors should carefully consider the risks involved before investing in any IPO.
Newjaisa Technologies IPO Date & Price Band Details
| IPO Open: | September 25, 2023 |
| IPO Close: | September 27, 2023 |
| IPO Size: | Approx ₹39.93 Crores, 8,496,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹44 to ₹47 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Newjaisa Technologies IPO Market Lot
The Newjaisa Technologies IPO minimum market lot is 3000 shares with a ₹141,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹141,000 |
| Retail Maximum | 1 | 3000 | ₹141,000 |
| S-HNI Minimum | 2 | 6000 | ₹282,000 |
Newjaisa Technologies IPO Dates
The Newjaisa Technologies IPO date is September 25 and the IPO close date is September 27. The IPO allotment date is October 4 and the IPO might list on October 9.
| IPO Open Date: | September 25, 2023 |
| IPO Close Date: | September 27, 2023 |
| Basis of Allotment: | October 4, 2023 |
| Refunds: | October 5, 2023 |
| Credit to Demat Account: | October 6, 2023 |
| IPO Listing Date: | October 9, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Newjaisa IPO Subscription Status
For the latest update on the Newjaisa Technologies IPO, you can check this dedicated page for IPO subscription status.
Newjaisa Technologies IPO Allotment Status
For the latest update on the Newjaisa Technologies IPO, you can check this dedicated page for IPO allotment status.
Newjaisa Technologies IPO Forms
For IPO form for the Newjaisa Technologies IPO, you can check this dedicated page for IPO Forms.
Newjaisa Technologies Company Financials
NewJaisa Technologies Limited is a young company with a strong track record of growth. The company’s revenue has grown at a CAGR of 100% over the past three years. The company has also been profitable since its inception.
Here is a summary of NewJaisa Technologies’ financial performance for the past three years:
| Financial Year | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) |
|---|---|---|
| 2020-21 | 960.71 | 73.36 |
| 2021-22 | 2,792.50 | 180.19 |
| 2022-23 | 4,453.23 | 675.57 |
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The company’s strong financial performance is supported by its growing customer base, its diversified product portfolio, and its efficient operations. The company is also well-positioned to benefit from the growing demand for refurbished IT electronics products in India.
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before investing in any IPO.
Please note that NewJaisa Technologies is a relatively new company and its financial performance may not be indicative of its future performance. Investors should carefully consider the risks involved before investing in the company’s IPO.
NewJaisa IPO Pros & Cons
Here is a table of the pros and cons of the NewJaisa Technologies IPO:
| Feature | Pro | Con |
|---|---|---|
| Financial performance | Strong track record of growth with revenue growing at a CAGR of 100% over the past three years | Relatively new company with limited financial track record |
| Competitive landscape | Well-positioned to benefit from the growing demand for refurbished IT electronics products in India | Operating in a competitive industry |
| Product portfolio | Diversified | |
| IPO proceeds | Will be used to finance the company’s expansion plans, meet working capital requirements, and meet general corporate purposes | |
| Overall | Young company with a strong track record of growth and a diversified product portfolio | Relatively new company with limited financial track record and operating in a competitive industry |
Company Promoters
- Mr. Vishesh Handa
- Mr. Mukunda Raghavendra
Newjaisa Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
Newjaisa Technologies Limited
207/B2, 2nd Cross Road, J.C, Industrial Estate
Bikasipura Main Road, Off Kanakpura Road,
Near Delhi Public School, Bangalore – 560078
Phone: +91 93901 77182
Email: cs@newjaisa.com
Website: https://newjaisa.com/
Newjaisa Technologies IPO FAQs
NewJaisa Technologies Limited IPO Details: The scheduled date for NewJaisa Technologies Limited IPO has been confirmed. The IPO is set to enter the market on September 25th and conclude on September 27th.
The IPO will open on 25th September 2023.
o apply for the NewJaisa Technologies IPO, you can either use the ASBA (Application Supported by Blocked Amount) facility provided by your bank or use the UPI (Unified Payments Interface) facility provided by your broker.
To apply using ASBA:
Log in to your net banking account.
Go to the IPO section.
Select the NewJaisa Technologies IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Enter your bank account details and PAN number.
Review and submit your application.
To apply using UPI:
Log in to your broker’s website or mobile app.
Go to the IPO section.
Select the NewJaisa Technologies IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Enter your UPI ID.
Review and submit your application.
Note:
You must have a demat account to apply for the IPO.
You can only apply for the IPO during the subscription period.
You can only apply for the IPO once.
If you are applying for the IPO using ASBA, your bank will block the funds in your account until the allotment of shares. If you are allotted shares, the funds will be debited from your account. If you are not allotted shares, the funds will be unblocked.
If you are applying for the IPO using UPI, the funds will be debited from your account only if you are allotted shares.
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before investing in any IPO.
Newjaisa IPO size is ₹39.93 crores.
The price band for Newjaisa IPO is ₹44 to ₹47.
The minimum bid is 3000 Shares with ₹1410000 amount while the maximum bid is 6000 shares with ₹282000.
Newjaisa IPO allotment date is 04 October 2023.
Newjaisa IPO listing date is 9 October 2023. The IPO is to list on NSE SME.