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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 bidding started from September 25, 2023 and ended on September 27, 2023. The allotment for Newjaisa Technologies IPO was finalized on Wednesday, October 4, 2023. The shares got listed on NSE SME on October 5, 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.
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | October 5, 2023 |
| 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 offers 8,496,000 shares. 1,614,000 (19.00%) to QIB, 1,212,000 (14.27%) to NII, 2,826,000 (33.26%) to RII 2,418,000 (28.46%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 2,418,000 (28.46%) |
| Market Maker Shares Offered | 426,000 (5.01%) |
| QIB Shares Offered | 1,614,000 (19.00%) |
| NII (HNI) Shares Offered | 1,212,000 (14.27%) |
| Retail Shares Offered | 2,826,000 (33.26%) |
| Total Shares Offered | 8,496,000 (100%) |
Newjaisa Technologies IPO raises Rs 11.36 crore from anchor investors. Newjaisa Technologies IPO Anchor bid date is September 22, 2023. Newjaisa Technologies IPO Anchor Investors list
| Bid Date | September 22, 2023 |
| Shares Offered | 2,418,000 |
| Anchor Portion Size (In Cr.) | 11.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 2, 2024 |
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 | Thursday, October 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
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 | |||
Mr. Vishesh Handa and Mr. Mukunda Raghavendra are the company's promoters.
| Share Holding Pre Issue | 94.23% |
| Share Holding Post Issue |
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.
| 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 |
The market capitalization of Newjaisa Technologies IPO is Rs 151.26 Cr.
| KPI | Values |
|---|---|
| ROE | 72.63% |
| ROCE | 72.63% |
| RoNW | 72.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.03 | |
| P/E (x) | 15.51 | 22.38 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
The Newjaisa Technologies IPO is subscribed 6.85 times on September 27, 2023 7:29:00 PM. The public issue subscribed 6.54 times in the retail category, 1.02 times in the QIB category, and 15.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.02 |
| NII | 15.34 |
| Retail | 6.54 |
| Total | 6.85 |
Total Application : 6,163 (6.54 times)
| Listing Date | October 5, 2023 |
| BSE Script Code | |
| NSE Symbol | NEWJAISA |
| ISIN | INE0PW501021 |
| Final Issue Price | ₹47 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹47.00 |
| ₹71.00 |
| ₹67.45 |
| ₹74.55 |
| ₹70.80 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Newjaisa Technologies IPO is a SME IPO of 8,496,000 equity shares of the face value of ₹5 aggregating up to ₹39.93 Crores. The issue is priced at ₹44 to ₹47 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 25, 2023, and closes on September 27, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Newjaisa Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Newjaisa Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Newjaisa Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Newjaisa Technologies IPO opens on September 25, 2023 and closes on September 27, 2023.
Newjaisa Technologies IPO lot size is 3000 Shares, and the minimum amount required is ₹141,000.
You can apply in Newjaisa Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Newjaisa Technologies IPO will be done on Wednesday, October 4, 2023, and the allotted shares will be credited to your demat account by Friday, October 6, 2023. Check the Newjaisa Technologies IPO allotment status.
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