Newjaisa Technologies IPO will open for subscription from 25 September 2023. The company aims for an issue size of ₹39.93 Cr through this IPO.
Company Overview
| Full name | Newjaisa Technologies Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://newjaisa.com/ |
About Company
Started in 2020, NewJaisa Technologies is a technology-driven direct-to-consumer refurbished IT electronics company providing quality refurbished electronics at significant discounts as compared to new products. Its goal is to provide best-in-class, refurbished electronics at affordable prices.
The business model encompasses an end-to-end reverse supply chain for IT assets. It involves procuring used IT assets (laptops, desktops, and peripherals), refurbishing them to as close to new computer conditions, and selling 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.
Currently, the company is focused and operating in the Indian market and caters to the Pan India customer base via e-commerce and online platforms. The four key customer segments for it include students, home users, SMEs, and working professionals. NewJaisa Technologies has served customers at more than 19,298 pin codes in India, with its centralized team and plant in Bangalore. As of 31 August 2023, the company has 99 employees and 248 interns.
The Objectives of the Issue
- 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.
IPO Timetable
| IPO Opening date | 25 September 2023 |
| IPO Closing | 27 September 2023 |
| Basis of Allotment | 04 October 2023 |
| Initiation Refund | 05 October 2023 |
| Credit to Demat Account | 06 October 2023 |
| Listing Date | 09 October 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹39.93 Cr – 8,496,000 shares |
| Fresh Issue | ₹39.93 Cr – 8,496,000 shares |
| Offer for sale | Nil |
| Face value | ₹05 per share |
| Price Band | ₹44 to ₹47 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 426,000 shares |
| Shareholding pre-issue | 23,687,472 |
| Shareholding post-issue | 32,183,472 |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹141,000 |
| Retail (Max) | 1 | 3000 | ₹141,000 |
| HNI (Min) | 2 | 6,000 | ₹282,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 9.61 | 27.92 | 44.53 |
| Expenses | 8.63 | 25.48 | 36.34 |
| Net income | 0.73 | 1.80 | 6.76 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.33 | 0.81 | 3.03 |
| PE ratio | – | – | 14.52 – 15.51 |
| RONW (%) | 98.66 | 70.79 | 72.63 |
| NAV | 0.34 | 1.14 | 4.17 |
| ROCE (%) | 98.66 | 70.79 | 72.63 |
Company Promoters
- Mr. Vishesh Handa
- Mr. Mukunda Raghavendra
Promoter Holding
| Pre Issue Share Holding | 94.23% |
| Post Issue Share Holding |
Lead Manager(s)
INDORIENT FINANCIAL SERVICES LIMITED
A/501, Rustomjee Central Park, Executive Spaces,
Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra
Phone: +91 79772 12186
Email: compliance-ifsl@indorient.in
Website: www.indorient.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
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, Karnataka
Phone: +91- 93901 77182
E-mail: cs@newjaisa.com
Website: www.newjaisa.com
Allotment Status
NewJaisa Technologies IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Newjaisa Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
