The Newjaisa Technologies Limited IPO is a book-built offering with a total issue size of Rs 39.93 crores. This IPO comprises entirely of a fresh issue of 84.96 lakh shares.
Here are the key details and dates:
- Subscription Period: The Newjaisa Technologies IPO opens for subscription on September 25, 2023, and closes on September 27, 2023.
- Allotment Date: The final allotment for the Newjaisa Technologies IPO is expected to be completed on Wednesday, October 4, 2023.
- Listing Date: The shares from the Newjaisa Technologies IPO are scheduled to list on NSE SME, with a tentative listing date set for Monday, October 9, 2023.
- Price Band: The IPO price band for Newjaisa Technologies is in the range of ₹44 to ₹47 per share.
- Lot Size: The minimum lot size for an application is 3,000 shares.
- Minimum Investment: Retail investors are required to invest a minimum of ₹141,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, which is equivalent to 6,000 shares, amounting to ₹282,000.
- Key Players: Indorient Financial Services Ltd is the book running lead manager for the Newjaisa Technologies IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Nikunj Stock Brokers is the market maker for the IPO.
For more detailed information and insights, potential investors are encouraged to refer to the Newjaisa Technologies IPO Red Herring Prospectus (RHP). These details are essential for investors considering participation in the Newjaisa Technologies IPO.
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 IPO #
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 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 15.51 |
| ROE | 72.63% |
| ROCE | 72.63% |
| EPS (Rs) | 3.03 |
| RoNW | 72.63% |
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 Prospectus #
Newjaisa Technologies IPO Contact Details #
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 #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Newjaisa Technologies IPO Lead Manager(s) #
FAQs #
What is the total issue size of the Newjaisa Technologies IPO? #
The Newjaisa Technologies IPO has a total issue size of ₹39.93 crores, consisting entirely of a fresh issue of 84.96 lakh shares.
When is the subscription period for the Newjaisa Technologies IPO? #
The subscription period for the Newjaisa Technologies IPO is from September 25, 2023, to September 27, 2023.
When will the allotment for the Newjaisa Technologies IPO be finalized? #
The final allotment for the Newjaisa Technologies IPO is expected to be completed on Wednesday, October 4, 2023.
When is the listing date for shares from the Newjaisa Technologies IPO? #
The shares from the Newjaisa Technologies IPO are tentatively scheduled to list on NSE SME on Monday, October 9, 2023.
What is the price band for the Newjaisa Technologies IPO? #
The price band for the Newjaisa Technologies IPO is in the range of ₹44 to ₹47 per share.
What is the minimum lot size for an application in the Newjaisa Technologies IPO? #
The minimum lot size for an application in the Newjaisa Technologies IPO is 3,000 shares.
What is the minimum investment required for retail investors and HNIs to participate in the Newjaisa Technologies IPO? #
Retail investors need a minimum investment of ₹141,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, which is equivalent to 6,000 shares, amounting to ₹282,000.
Who are the key players involved in the Newjaisa Technologies IPO? #
Indorient Financial Services Ltd is the book running lead manager for the Newjaisa Technologies IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Nikunj Stock Brokers is the market maker for the IPO.
Who are the promoters of Newjaisa Technologies Limited? #
Mr. Vishesh Handa and Mr. Mukunda Raghavendra are the promoters of the company.
What is the business model of Newjaisa Technologies Limited? #
Newjaisa Technologies Limited provides refurbished electronics at discounted prices. They procure used gadgets, refurbish them, and sell them directly to end-use customers and businesses. They primarily deal in IT products such as laptops, desktops, monitors, and accessories.
What are the key financial indicators of Newjaisa Technologies Limited as of March 31, 2023? #
Price/Earnings (P/E) Ratio: 15.51
Return on Equity (ROE): 72.63%
Return on Capital Employed (ROCE): 72.63%
Earnings Per Share (EPS): ₹3.03
Return on Net Worth (RoNW): 72.63%
What are the objectives of the Newjaisa Technologies IPO? #
The company intends to utilize the net proceeds from the issue for the following purposes:
Expansion of refurbishment facility and purchase of plant, machinery, and equipment.
Investment in technology development, branding, marketing, and funding working capital requirements.
Repayment of bank facilities and general corporate purposes.
