Newjaisa Technologies Limited is a Technology driven Direct to consumer refurbished IT electronics company providing quality refurbished electronics at significant discount as compared to new products.
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 served customer at more than 19,298 pin codes in India, with their centralized team and plant in Bangalore.
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.
Newjaisa Technologies IPO – Details
| IPO Opening Date | 25 September 2023 |
| IPO Closing Date | 27 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 84,96,000 Shares Worth ₹39.93 Crore Fresh Issue: 84,96,000 Shares Worth ₹39.93 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹44 – ₹47 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Newjaisa Technologies IPO – Date Schedule
| IPO Open Date | 25 September 2023 |
| IPO Close Date | 27 September 2023 |
| Basis of Allotment | 04 October 2023 |
| Initiation of Refund | 05 October 2023 |
| Credit of Shares to Demat Account | 06 October 2023 |
| IPO Listing Date | 09 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 27, 2023 |
Newjaisa Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,41,000 |
| Retail (Maximum) | 1 | 3000 | 1,41,000 |
| HNI (Minimum) | 2 | 6000 | 2,82,000 |
Competitive Strengths
- Proprietary and scalable refurbishment process.
- Partnership with industry leaders.
- Highly qualified team with robust experience.
- Market opportunity from CSR and other ESG linked initiatives.
- Expansion into new verticals like tablets and other IT products etc.
- Entry into international market.
Company Promoters
- Mr. Vishesh Handa
- Mr. Mukunda Raghavendra
Object Of The Issue
- Expansion of refurbishment facility and purchase of plant, machinery and equipment.
- Investment in technology development.
- Branding & Marketing.
- Funding Working Capital requirement.
- Repayment of Bank facilities.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 9.61 | 8.63 | 0.73 | 1.63 |
| 31 March 2022 | 27.92 | 25.48 | 1.80 | 1.82 |
| 31 March 2023 | 44.53 | 36.34 | 6.76 | 7.44 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 15.51 |
| Market Cap | 151.26 |
| ROE | 72.63 |
| ROCE | 72.63 |
| Debt/Equity | – |
| EPS (Rs) | 3.03 |
| RoNW | 72.63 |
Newjaisa Technologies IPO Promoter Holding
| Pre Issue Share Holding | 94.23% |
| Post Issue Share Holding | – |
Newjaisa Technologies IPO Prospectus
Company Contact Information
| 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 |
Newjaisa Technologies IPO Lead Manager(s)
| 1. Indorient Financial Services Ltd |
Newjaisa Technologies IPO FAQs
| What is Newjaisa Technologies IPO? Newjaisa Technologies IPO is a SME IPO. The issue is priced at ₹44 – ₹47 per equity share. The IPO is to be listed on NSE SME. |
| When Newjaisa Technologies IPO will open? The IPO is to open on 25 September 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Newjaisa Technologies IPO? 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. |
| How to Apply the Newjaisa Technologies IPO through 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Newjaisa Technologies IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| What is Newjaisa Technologies IPO Size? Newjaisa Technologies IPO size is ₹39.93 crores. |
| What is Newjaisa Technologies IPO Price Band? Newjaisa Technologies IPO Price Band is ₹44 – ₹47. |
| What is Newjaisa Technologies IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,41,000 amount while the maximum bid is 3000 shares with ₹1,41,000. |
| What is the Newjaisa Technologies IPO Allotment Date? Newjaisa Technologies IPO allotment date is 04 October 2023. |
| What is the Newjaisa Technologies IPO Listing Date? Newjaisa Technologies IPO listing date is 09 October 2023. The IPO is to list on NSE SME. |
