Newjaisa Technologies, founded on June 16, 2020, is a tech-focused direct-to-consumer company specializing in refurbished IT electronics. The company offers high-quality refurbished electronic products at significantly discounted prices compared to new items.
| Bidding Dates |
|---|
| 25 Sep 2023 - 27 Sep 2023 |
| Subscription |
|---|
| 6.44x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,41,000 | 1 | 1 | 3000 | 8.5 M | ₹44 - ₹47 | 73.6 % | ₹373.8 M - ₹399.3 M | RHP DOC |
Newjaisa Tech IPO SUBSCRIPTION STATUS
27 Sep '23Newjaisa Tech IPO overall subscription rate was 6.44 times the total available shares
Newjaisa Tech IPO retail subscription rate was 8.69 times in the retail segment
Newjaisa Tech IPO non-institutional investor subscription rate was 20.86 times in the non-institutional investor category
Newjaisa Tech IPO Qualified Institutional Bidder subscription rate was 0.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Sep 2023 (Day 3) | 8.69x | 20.86x | 0.54x |
26 Sep 2023 (Day 2) | 2.38x | 0.96x | 0x |
25 Sep 2023 (Day 1) | 0.74x | 0.3x | 0x |
Newjaisa Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 67.6 | 445.3 | -41.0 | -42.9 |
| FY22 | 18.0 | 279.2 | -14.3 | -15.0 |
| FY21 | 7.3 | 96.1 | -0.4 | -2.5 |
Newjaisa Tech IPO SUBSCRIPTION STATUS DETAILS
Newjaisa Tech had 8.5 M shares on offer
Newjaisa Tech IPO offer price was in the range ₹44 - ₹47
Newjaisa Tech IPO minimum Investment was ₹141000
Newjaisa Tech IPO issue size was ₹ 373.8 M - ₹ 399.3 M
Newjaisa Tech had a minimum lot size of 3000 Shares per application
Newjaisa Tech NUMBER OF SHARES ON OFFER
Newjaisa Tech IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2023 |
| Issue close Date | 27 Sep 2023 |
| Allotment Date | 04 Oct 2023 |
| Refund Date | 05 Oct 2023 |
| Demat Account Credit Date | 06 Oct 2023 |
| Listing Date | 05 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Newjaisa Tech Allotment Status | Exchange |
Newjaisa Tech IPO subscription opened on 25 Sep 2023, and closed on 27 Sep 2023
IPO allotment for Newjaisa Tech was finalized on Wednesday, 04 Oct 2023
IPO listing for Newjaisa Tech was on NSE on Thursday, 05 Oct 2023
Newjaisa Tech IPO LISTING GAINS
| Issue Price (adjusted) | 47.0 |
| Listing Open Price | 71.0 |
| Listing Close Price | 70.8 |
| Listing Gain% | 51.1% |
| Current Gain% | -65.5% |
Newjaisa Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Newjaisa Technologies Ltd. | 16.2 | 52.1 | -3.3 | 0 | 1.3 | -30.2 | -24.1 | 41.5 | -37.6 | -17.4 | -1439 | -4.9 | 1284.6 |
| GNG Electronics Ltd. | 525.6 | 5993 | 42.1 | 0.3 | 3 | 17.4 | 10.5 | 1895.4 | 33.4 | 132 | 91.8 | 12.5 | 160.6 |
| Control Print Ltd. | 579.2 | 926.4 | 23.8 | -0.4 | 1.9 | 9.8 | 7.5 | 484.2 | 12.2 | 43.6 | -56.4 | 24.4 | -59.8 |
| Bharat Global Developers Ltd. | 87.9 | 889.7 | -10336.5 | 102.8 | 34.1 | -0.1 | 0 | 27.2 | -96 | -0.1 | -100.8 | 0 | -100.5 |
| Panache Digilife Ltd. | 458.6 | 734.3 | 45.4 | 0.3 | 3 | 15.3 | 7.1 | 245.4 | 110.1 | 16.2 | 135 | 10.1 | 135 |
| BCC Fuba India Ltd. | 198 | 392.4 | 47.6 | 0.2 | 4.8 | 12.7 | 7 | 72.7 | 53.8 | 5.8 | 55.8 | 4.2 | 262.2 |
Newjaisa Tech INFORMATION ON IPO ISSUE
About Newjaisa Tech
Newjaisa Technologies, founded on June 16, 2020, is a tech-focused direct-to-consumer company specializing in refurbished IT electronics. The company offers high-quality refurbished electronic products at significantly discounted prices compared to new items.
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 Tech - PROMOTERS
| Name |
|---|
| Vishesh Handa |
| Mukunda Raghavendra |
Newjaisa Tech Lead Manager of the Issue
Indorient Financial Services Limited
compliance-ifsl@indorient.in
Newjaisa Tech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Newjaisa Tech Strengths
Scalable refurbishment process
The company employs a proprietary and scalable refurbishment process managed by a highly qualified team with extensive experience in the field
Partnered with industry leaders
The company has partnered with industry leaders and expanded into international markets. It's also branched into new product lines like tablets
Newjaisa Tech Risks
Seasonal fluctuations
The business experiences seasonal demand, particularly during festive seasons, which can lead to periodic fluctuations in operations and financial performance
New and evolving market
If the emerging market for refurbished products doesn't grow, the business could face negative impacts
IPO FAQs
The promoters of the company are Vishesh Handa and Mukunda Raghavendra.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 44.0 - 47.0.
The IPO application opens on Sep 25, 2023 and closes on Sep 27, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 141,000.0, the maximum value for this IPO is Rs 141,000.0.
This IPO will be allotted on Oct 04, 2023.
The refund will be credited to your account on Oct 05, 2023.
The allotted shares will be credited to your demat on Oct 06, 2023.
Newjaisa Technologies Ltd.’s shares listed on the stock exchanges on Oct 05, 2023.