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Newjaisa Technologies IPO

Newjaisa Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 132,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    25 Sep 2023

  • Close Date

    27 Sep 2023

  • IPO Price Range

    ₹ 44 to ₹ 47

  • IPO Size

    ₹ 39.93 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    09 Oct 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Newjaisa Technologies IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

NewJaisa Technologies Limited IPO is all set to open from 25th September to 27th September 2023. The company is engaged in the business of providing refurbished electronics at discounted prices. The IPO includes a fresh issue of 8,496,000 shares worth ₹33.93 cr. The share allotment date is 4th October, and the IPO will be listed on 9th October, on the stock exchanges. The price band is ₹44 to ₹47 per share and the lot size is 3000 shares.    

Indorient Financial Services Ltd is the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd is the registrar. 

Objectives of NewJaisa IPO:

NewJaisa Technologies plans to utilize the raised capital from the IPO to:

●    To fund the expansion of the refurbishment facility and purchase of plant, machinery, and equipment.
●    To invest in technology development, branding, and marketing.
●    To repay bank facilities.
●    For working capital requirements.
●    General corporate purpose.

Established in 2020, NewJaisa Technologies is engaged in the business of providing refurbished electronics at discounted prices. The company procures pre-owned electronic devices such as laptops, desktops, and peripherals, reconditions them, and directly markets them to end-users, including businesses and retail customers. The company has a diverse customer base throughout India, including students, home users, small and medium-sized enterprises (SMEs), and working professionals, utilizing e-commerce and online platforms for distribution.

At present, Newjaisa Technologies is focused on the direct sale of IT products, specifically laptops, Chromebooks, desktops, Chromeboxes, monitors, and various accessories like keyboards, mice, Wi-Fi equipment, and speakers, which constitute its primary source of revenue.

The company operates from a facility spanning 28,750 square feet, employing a workforce of over 347 individuals, consisting of 99 employees and 248 interns. This dedicated team facilitates the delivery of approximately 5,500 SKUs on a monthly basis.

Peer Comparison

●    Cerebra Technologies Limited

For More Information:
Webstory on NewJaisa Technologies IPO
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 44.53 27.92 9.61
EBITDA  - - -
PAT 6.76 1.80 0.73
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 22.08 5.59 3.38
Share Capital 0.36 0.36 0.01
Total Borrowings 12.79 3.04 2.64
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -4.09 -1.43 -0.038
Net cash from / (used in) investing activities -0.19 -0.062 -0.22
Net cash flow from / (used in) financing activities 5.62 5.62 1.64
Net increase (decrease) in cash and cash equivalents 1.33 -1.30 1.38


Strengths

1.    The company has a proprietary and scalable refurbishment process. 
2.    It has strong partnerships with industry leaders. 
3.    It has an experienced management team and employee base.
 

Risks

1.    Disruptions in supply-chain logistics can impact sales and operations.
2.    A significant increase in returns and activation of warranty provisions by customers may impact the business.
3.    Higher working capital requirements.
4.    Operates in a highly competitive and labor-sensitive industry. 
5.    The business depends on the sale of our products through third-party online e-commerce platforms.
6.    Negative cash flows in the past. 
 

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FAQs

The minimum lot size of NewJaisa Technologies IPO is 3000 shares and the investment required is ₹1,32,000.

The price band for NewJaisa Technologies IPO is ₹44 to ₹47 per share. 

NewJaisa Technologies IPO opens from 25th September to 27th September 2023.
 

The NewJaisa Technologies IPO size is ₹33.93 cr. 

The share allotment date of NewJaisa Technologies IPO is 4th October 2023.

The NewJaisa Technologies IPO will be listed on 9th October 2023.

Indorient Financial Services Ltd is the book-running lead manager for NewJaisa Technologies IPO.

NewJaisa Technologies plans to utilize the raised capital from the IPO to:

1.    To fund the expansion of the refurbishment facility and purchase of plant, machinery, and equipment.
2.    To invest in technology development, branding, and marketing.
3.    To repay bank facilities.
4.    For working capital requirements.
5.    General corporate purpose.
 

To apply for NewJaisa Technologies IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the NewJaisa Technologies IPO
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
●    You will receive a mandate notification to block funds in your UPI app