Bookbuilding IPO | ₹40 Cr | Listed at NSE SME | Mon, Sep 25, 2023 - Wed, Sep 27, 2023
Newjaisa Technologies IPO is a book build issue of ₹39.93 crores. The issue is entirely a fresh issue of 0.85 crore shares of ₹39.93 crore.
Newjaisa Technologies IPO bidding started from Sep 25, 2023 and ended on Sep 27, 2023. The allotment for Newjaisa Technologies IPO was finalized on Oct 4, 2023. The shares got listed on NSE SME on Oct 5, 2023.
Newjaisa Technologies IPO price band is set at ₹47 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,41,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,82,000.
Indorient Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Newjaisa Technologies IPO RHP for detailed Information.
IPO Open
Mon, Sep 25, 2023
IPO Close
Wed, Sep 27, 2023
Issue Price
₹47 per share
Market Cap (Pre-IPO)
₹151.26 Cr
| IPO Date | 25 to 27 Sep, 2023 |
| Listed on | Thu, Oct 5, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹44 to ₹47 |
| Issue Price | ₹47 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 84,96,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 4,26,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 80,70,000 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 80,70,000 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 2,36,87,472 shares |
| Share Holding Post Issue | 3,21,83,472 shares |
| NSE Symbol | NEWJAISA |
| ISIN | INE0PW501021 |
Newjaisa Technologies IPO comprises a total issue size of 84,96,000 shares. The net offer to the public is 80,70,000 shares, after excluding 4,26,000 shares allotted on a firm basis. Of the Net offer 40,32,000 (49.96%) are allocated to QIB, 12,12,000 (15.02%) allocated to NII 28,26,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 40,32,000 | 49.96% | 47.46% |
| − Anchor Investor Shares Offered | 24,18,000 | 28.46% | |
| − QIB (Ex. Anchor) Shares Offered | 16,14,000 | 19.00% | |
| NII (HNI) Shares Offered | 12,12,000 | 15.02% | 14.27% |
| Retail Shares Offered | 28,26,000 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,26,000 | 5.01% | |
| Total Shares Offered | 84,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,41,000 |
| Retail (Max) | 1 | 3,000 | ₹1,41,000 |
| HNI (Min) | 2 | 6,000 | ₹2,82,000 |
Newjaisa Technologies IPO raises ₹11.36 crore from anchor investors. Newjaisa Technologies IPO Anchor bid date is September 22, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 22, 2023 |
| Shares Offered | 24,18,000 |
| Anchor Portion (₹ Cr.) | 11.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 2, 2024 |
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 22.09 | 5.59 | 3.38 |
| Total Income | 44.53 | 27.93 | 9.61 |
| Profit After Tax | 6.76 | 1.80 | 0.73 |
| NET Worth | 9.30 | 2.55 | 0.74 |
| Reserves and Surplus | 8.94 | 2.19 | 0.73 |
| Total Borrowing | 7.44 | 1.82 | 1.63 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of refurbishment facility and purchase of plant, machinery and equipment | 1.00 |
| 2 | Investment in technology development | 2.00 |
| 3 | Branding & Marketing | 2.00 |
| 4 | Funding Working Capital requirement | 15.45 |
| 5 | Repayment of Bank facilities | 7.30 |
| 6 | General Corporate purposes | 7.18 |
| KPI | |
|---|---|
| ROE | 72.63% |
| ROCE | 72.63% |
| RoNW | 72.63% |
| PAT Margin | 7.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.03 | |
| P/E (x) | 15.51 | 22.38 |
| Promoter Holding | 94.23% | |
| Market Cap | ₹151.26 Cr. |
The Newjaisa Technologies IPO is subscribed 6.85 times on September 27, 2023 7:29:00 PM (Day 3). The public issue subscribed 6.54 times in the retail category, 1.02 times in the QIB category, and 15.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.02 | 16,14,000 | 16,47,000 |
| NII* | 15.34 | 12,12,000 | 1,85,94,000 |
| Retail | 6.54 | 28,26,000 | 1,84,89,000 |
| Total | 6.85 | 56,52,000 | 3,87,30,000 |
Total Application : 6,163
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including Underwriting Commission | 4.30 |
| 2 | Brokerage, selling commission and other uploading fees | 0.10 |
| 3 | Fees payable to Registrar to the Offer | 0.01 |
| 4 | Fees to the auditor / chartered accountant fees | 0.06 |
| 5 | Fees to the legal advisor fees | 0.15 |
| 6 | Advertising and marketing expenses | 0.15 |
| 7 | Fees payable to regulators including stock exchanges | 0.05 |
| 8 | Printing and distribution expenses | 0.02 |
| 9 | Fees payable to Market Maker (for Two Years) | 0.06 |
| 10 | Miscellaneous | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹47.00 |
| Open | ₹71.00 |
| Low | ₹67.45 |
| High | ₹74.55 |
| Last Trade | ₹70.80 |
Lead Manager Reports
Newjaisa Technologies IPO is a SME IPO of 84,96,000 equity shares of the face value of ₹5 aggregating up to ₹40 Crores. The issue is priced at ₹47 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Sep 25, 2023, and closes on Wed, Sep 27, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Newjaisa Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Newjaisa Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Newjaisa Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Newjaisa Technologies IPO opens on Mon, Sep 25, 2023 and closes on Wed, Sep 27, 2023.
Newjaisa Technologies IPO lot size is 3000, and the minimum amount required for application is ₹1,41,000.
You can apply in Newjaisa Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Newjaisa Technologies IPO will be done on Wednesday, October 4, 2023, and the allotted shares will be credited to your demat account by Fri, Oct 6, 2023. Check the Newjaisa Technologies IPO allotment status.
The Newjaisa Technologies IPO listing date is on Thu, Oct 5, 2023.
