Newjaisa Technologies Limited IPO (Newjaisa Technologies IPO)

Newjaisa Technologies Limited IPO
Upcoming Newjaisa Technologies IPO | New Newjaisa Technologies IPO

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

Newjaisa Technologies IPO – Details

IPO Opening Date25 September 2023
IPO Closing Date27 September 2023
Issue TypeBook Built Issue IPO
Issue Size84,96,000 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 Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Newjaisa Technologies IPO – Date Schedule

IPO Open Date25 September 2023
IPO Close Date27 September 2023
Basis of Allotment04 October 2023
Initiation of Refund05 October 2023
Credit of Shares to Demat Account06 October 2023
IPO Listing Date09 October 2023
Cut-off time for UPI mandate confirmation5 PM on Sep 27, 2023

Newjaisa Technologies IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,41,000
Retail (Maximum)130001,41,000
HNI (Minimum)260002,82,000

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.
Newjaisa Technologies IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20219.618.630.731.63
31 March 202227.9225.481.801.82
31 March 202344.5336.346.767.44
Amount in ₹ Crore

Key Performance Indicator

P/E (x)15.51
Market Cap151.26
EPS (Rs)3.03

Newjaisa Technologies IPO Promoter Holding

Pre Issue Share Holding94.23%
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

Newjaisa Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Newjaisa Technologies IPO Lead Manager(s)

1. Indorient Financial Services Ltd

Newjaisa Technologies IPO FAQs

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.
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