The IPO date for Newjaisa Technologies has been scheduled. The IPO will begin on September 25 and end on September 27. Newjaisa Technologies is an NSE SME IPO that will raise 39.93 crores through the IPO. The price band for Newjaisa Technologies IPO is set at 44 to 47, with a market lot of 3000 shares.
Newjaisa Technologies, founded in 2020, is a technology-driven Direct to Consumer refurbished IT electronics company that offers high-quality used electronics at significant savings over new products. Their mission is to deliver high-quality refurbished devices at reasonable pricing. Their business concept includes a whole reverse supply chain for IT assets. It entails acquiring old IT assets (laptops, desktops, and peripherals), refurbishing them to as close to new computer conditions as possible, and selling
them directly to end-user clients (businesses or retail). Currently, the Company’s primary business model is direct sales of IT Products such as Laptops/Chromebooks, Desktops/Chromeboxes/Monitors, and Accessories (Keyboard, Mouse, WiFi, Speakers).
The primary purpose of Newjaisa Technologies is to eliminate e-waste by extending the life of IT assets and to supply high-quality computing products to end consumers in as good as new condition, with guarantee, at accessible pricing. They are currently focused on and operate in the Indian market, catering to a Pan-India consumer base through e-commerce and their online platforms, and offering items across industries. Students, home users, SMEs, and working professionals are their four primary client segments. With their centralised workforce and facility in Bangalore, they have served consumers in over 19,298 pin codes across India.
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 |
Objects of the Issue:
- 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 IPO Review
- To be updated soon
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 |
Newjaisa Technologies IPO Form
How to apply Newjaisa Technologies IPO? –> You can apply for Newjaisa Technologies IPO using ASBA from your bank account. Simply go in to your online bank and apply through your bank account by selecting the Newjaisa Technologies IPO in the Invest section. You can also apply for Newjaisa Technologies IPO by downloading IPO forms from the NSE website.
Newjaisa Technologies Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹9.61 | ₹8.63 | ₹0.73 |
| 2022 | ₹27.93 | ₹25.48 | ₹1.80 |
| 2023 | ₹44.53 | ₹36.34 | ₹6.76 |
Newjaisa Technologies IPO Valuation – FY2023
Check Newjaisa Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.03 per Equity Share |
| Price/Earning P/E Ratio: | 14.52 |
| Return on Net Worth (RoNW): | 72.63% |
| Net Asset Value (NAV): | ₹4.17 per Equity Share |
Peer Group
- Cerebra Technologies Limited
Newjaisa Technologies IPO Lead Managers aka Merchant Bankers
- Indorient Financial Services Ltd
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
Company Promoters
- Mr. Vishesh Handa
- Mr. Mukunda Raghavendra
Newjaisa Technologies IPO FAQs:
Q1. What is Newjaisa Technologies IPO?
Ans. Newjaisa Technologies IPO is an NSE SME IPO. They are going to raise ₹39.93 Crores via IPO. The issue is priced at ₹44 to ₹47 per equity share. The IPO is to be listed on NSE.
Q2. When Newjaisa Technologies IPO will open?
Ans. The IPO is to open on September 25, 2023 for QIB, NII, and Retail Investors.
Q3. What is Newjaisa Technologies IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Newjaisa Technologies IPO?
Ans. You can apply Newjaisa Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Newjaisa Technologies IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Newjaisa Technologies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Newjaisa Technologies IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Newjaisa Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Newjaisa Technologies IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Newjaisa Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Newjaisa Technologies IPO Size?
Ans. Newjaisa Technologies IPO size is ₹39.93 crores.
Q9. What is Newjaisa Technologies IPO Price Band?
Ans. Newjaisa Technologies IPO Price Band is ₹44 to ₹47 per equity share.
Q10. What is Newjaisa Technologies IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 3000 shares with ₹141,000.
Q11. What is Newjaisa Technologies IPO Allotment Date?
Ans. Newjaisa Technologies IPO allotment date is October 4, 2023.
Q12. What is Newjaisa Technologies IPO Listing Date?
Ans. Newjaisa Technologies IPO listing date is October 9, 2023. The IPO to list on NSE SME.
