Newjaisa Technologies IPO is a book built issue of Rs 39.93 crores. The issue is entirely a fresh issue of 84.96 lakh shares.
Newjaisa Technologies IPO opens for subscription on September 25, 2023 and closes on September 27, 2023. The allotment for the Newjaisa Technologies IPO is expected to be finalized on Wednesday, October 4, 2023. Newjaisa Technologies IPO will list on NSE SME with tentative listing date fixed as Monday, October 9, 2023.
Newjaisa Technologies IPO price band is set at ₹44 to ₹47 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹141,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹282,000.
Indorient Financial Services Ltd is the book running lead manager of the Newjaisa Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Newjaisa Technologies IPO is Nikunj Stock Brokers.
Refer to Newjaisa Technologies IPO RHP for detailed information.
Newjaisa Technologies IPO Details
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹44 to ₹47 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 8,496,000 shares (aggregating up to ₹39.93 Cr) |
| Fresh Issue | 8,496,000 shares (aggregating up to ₹39.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 23,687,472 |
| Share holding post issue | 32,183,472 |
| Market Maker portion | 426,000 shares Nikunj Stock Brokers |
Newjaisa Technologies IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Newjaisa Technologies IPO Anchor Investors Details
Newjaisa Technologies IPO raises Rs 11.36 crore from anchor investors. Newjaisa Technologies IPO Anchor bid date is September 22, 2023.
| Bid Date | September 22, 2023 |
| Shares Offered | 2418000 |
| Anchor Portion Size (In Cr.) | 11.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 17, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 13, 2024 |
Newjaisa Technologies IPO Timeline (Tentative Schedule)
Newjaisa Technologies IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Wednesday, October 4, 2023 |
| Initiation of Refunds | Thursday, October 5, 2023 |
| Credit of Shares to Demat | Friday, October 6, 2023 |
| Listing Date | Monday, October 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
Newjaisa Technologies IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹141,000 |
| Retail (Max) | 1 | 3000 | ₹141,000 |
| HNI (Min) | 2 | 6,000 | ₹282,000 |
| Lot Size Calculator |
Newjaisa Technologies IPO Promoter Holding
Mr. Vishesh Handa and Mr. Mukunda Raghavendra are the company’s promoters.
| Share Holding Pre Issue | 94.23% |
| Share Holding Post Issue |
About Newjaisa Technologies Limited
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 Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 337.99 | 559.15 | 2,208.70 |
| Revenue | 960.71 | 2,792.50 | 4,453.23 |
| Profit After Tax | 73.36 | 180.19 | 675.57 |
| Net Worth | 74.36 | 254.55 | 930.12 |
| Reserves and Surplus | 73.36 | 218.55 | 894.12 |
| Total Borrowing | 162.64 | 181.82 | 743.70 |
Amount in ₹ Lakhs
Key Performance Indicator
Newjaisa Technologies IPO Market Cap is Rs 151.26 Cr and P/E (x) is 15.51.
| KPI | Values |
|---|---|
| P/E (x) | 15.51 |
| Post P/E (x) | 22.38 |
| Market Cap (₹ Cr.) | 151.26 |
| ROE | 72.63% |
| ROCE | 72.63% |
| EPS (Rs) | 3.03 |
| RoNW | 72.63% |
Check Newjaisa Technologies IPO Peer Comparison here.
Objects of the Issue (Newjaisa Technologies IPO Objectives)
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 IPO Review (Apply)
[Dilip Davda] The company is engaged in the business of refurbishing old IT hardware and related devices and gaining momentum as demands for such products are on the rise post the pandemic. The government of India mulling a ban on imports of desktops/laptops etc. augurs well for this company. The FY23 result indicates the prospects ahead for this company. Investors may park funds for medium to long-term rewards. Read detail review…
Newjaisa Technologies IPO Prospectus
Newjaisa Technologies IPO Contact Details
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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html