Newjaisa Technologies IPO Details, Review, Price, GMP: The book-built IPO for Newjaisa Technologies is worth Rs 39.93 crores. The entire 84.96 lakh share offering is a new issuance. The price range for Newjaisa Technologies Limited IPO is set at 44 to 47 rupees per share. The basic minimum application lot size is 3000 shares. Retail investors must make an initial investment of at least 141,000. HNI investors must invest a minimum of 2 lots (6,000 shares), or 282,000 Rupees.
The subscription period for Newjaisa Technologies IPO begins on September 25, 2023, and ends on September 27, 2023. On Wednesday, October 4, 2023, the allocation for the Newjaisa Technologies IPO is anticipated to be completed. The proposed listing date for Newjaisa Technologies’ IPO on NSE SME is set for Monday, October 9, 2023.
The registrar for the Newjaisa Technologies IPO is Bigshare Services Pvt Ltd, while the book-running lead manager is Indorient Financial Services Ltd. Nikunj Stock Brokers is the market maker for the IPO of Newjaisa Technologies.
Newjaisa Technologies IPO Overview
| Newjaisa Technologies Limited Company Overview | |
|---|---|
| Company Name | Newjaisa Technologies Limited |
| IPO Opening Date | 25 September, 2023 |
| IPO Closing Date | 27 September, 2023 |
| Face Value | 5₹ Per Share |
| Share Price Range | 44₹ To 47₹ Per Share |
| Lot Size | 3000 Shares |
| Issue Type | Book Built Issue IPO |
| Total IPO Issue Size | 8,496,000 Shares |
| Fresh Issue Size | 8,496,000 Shares |
| IPO Listing At | NSE SME |
| Share Holding Pre Issue | 23,687,472 |
| Share Holding Post Issue | 32,183,472 |
| More IPO’s | Check Here |
Newjaisa Technologies IPO Lot Size
| Newjaisa Technologies Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 1 Lot |
| Maximum Retail Applications | 1 Lot |
| Minimum HNI Applications | 2 Lots |
| Total Shares In Single Lot | 3000 Shares |
| Amount For Single Lot | 141,000 Rupees |
Newjaisa Technologies IPO Time Table (Tentative)
| Newjaisa Technologies Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 25 September, 2023 |
| IPO Ending Date | 27 September, 2023 |
| Basis Of Allotment | 04 October, 2023 |
| Initiation Of Refund | 05 October, 2023 |
| Shares Credit To Demat Account | 06 October, 2023 |
| Date Of Listing | 09 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 27 September, 2023 |
Newjaisa Technologies IPO Reservation Details
| Newjaisa Technologies Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not Less Than 35% Of Net Offer |
| Shares Offered To HNI | Not Less Than 15% Of Net Offer |
| Shares Offered To QIB | Not More Than 50% Of Net Offer |
Newjaisa Technologies Company Financials
| Newjaisa Technologies Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 4,453.23 Cr |
| Assets | 2,208.70 Cr |
| Profit After Tax | 675.57 Cr |
| Net Worth | 930.12 Cr |
| Reserves And Surplus | 894.12 Cr |
| Debt | 743.70 Cr |
Is Newjaisa Technologies IPO Good Or Bad To Buy? (Company Review)
Newjaisa Technologies Limited, a company founded in 2020, sells refurbished devices for less money. Through e-commerce and online platforms, Newjaisa Technologies serves a consumer base that spans all of India and includes working professionals, students, home users, SMEs, and students.
The business purchases pre-owned technology, including laptops, desktop computers, and peripherals, refurbishes them, and then sells them straight to enterprises or consumers for end use. The Company’s primary business model at the moment is the direct sale of IT Products, such as laptops, chromebooks, desktops, chromeboxes, monitors, and accessories (keyboard, mouse, WiFi, speakers).
The company employs around 347 people (99 full-time employees and 248 interns), who work in 28,750 square feet and supply about 5,500 reconditioned SKUs each month.
What Is The Objective Of Newjaisa Technologies IPO Issue?
The following items will be funded in part by the net proceeds from the issue, according to the company:
- General corporate objectives and the repayment of bank facilities.
- Expansion of the renovation facility and acquisition of machinery, equipment, and plant.
- Technology development investment, branding and marketing expenditures, and working capital funding requirements.
How To Apply For Newjaisa Technologies IPO?
- Enroll in a Demat account.
- The section should be named Initial Public Offerings (IPO).
- Pick active initial public offerings.
- Next, select Master Components.
- Fill out and submit the application.