The company Newjaisa Technologies Limited is coming up with an IPO of INR 39.93 crores. The offer consists of a fresh issue of equity shares.The company intends to utilise the raised funds towards expansion of the facility- purchase of plant and machinery, branding and marketing expenses, meeting the working capital requirements and repayment of bank facilities.
Newjaisa Technologies Limited IPO – Important Details
| Newjaisa Technologies IPO Date | September 25, 2023 to September 27, 2023 |
| Newjaisa Technologies IPO Listing Date | October 5, 2023 |
| Newjaisa Technologies IPO Price | INR 44-47 per share |
| Newjaisa Technologies IPO Lot Size | 3000 Shares |
| Newjaisa Technologies IPO Total Issue Size | INR 33.93 crores |
| Newjaisa Technologies IPO Basis of Allotment | October 4, 2023 |
| Newjaisa Technologies IPO Initiation of Refunds | October 5, 2023 |
| Newjaisa Technologies IPO Credit of Shares to Demat | October 6, 2023 |
| Newjaisa Technologies IPO Issue Type | Book Built Issue IPO |
| Newjaisa Technologies IPO Listing At | NSE SME |
Newjaisa Technologies Limited IPO – Company Profile
Commenced in 2020, the is a technology driven direct to consumer refurbished IT electronics company providing quality refurbished electronics at significant discount as compared to new products. The key goal is to reduce e-waste, by life extension of IT assets and to deliver High quality computing devices to end customer in as good as new condition, with warranty 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 condition, and selling them directly to end use customers. Currently the company is engaged into direct sales of IT products i.e Laptops/ Chromebooks, Desktops/Chromebooks/ Monitors and Accessories (Keyboard, Mouse, WiFi, Speakers) which is its key revenue model.
Ther Online first approach is helping us cater and scale to Pan India customer base without high distribution and inventory overheads. It helps the company to also service customers faster and economically.
The company has served customers at more than 19,298 pin codes in India, with its centralized team and plant in Bangalore.
The company is promoted by Mr. Vishesh Handa and Mr. Mukunda Raghavendra with operations & technical background.
Newjaisa Technologies Limited IPO Objective
The company’s allocation of funds from its net proceeds is as follows: INR 1 crore for expanding and renovating a new facility in Bangalore, INR 2 crores for technology development to enhance operations and efficiency, INR 15.45 crores for additional working capital to support future growth, and INR 7.30 crores for repaying existing bank loans, which include secured and unsecured borrowings.
- Expansion of refurbishment facility and purchase of plant, machinery and equipment: Expansion of refurbishment facility and purchase of plant, machinery and equipment: The company is setting up a new facility in Bangalore. For the renovation of this new facility, the company plans to utilise INR 1 crores from the net proceeds raised.
- Investment in technology development: In order to stay ahead of competition and to build a deeper MOAT for the business, the company will need to constantly invest in technology and develop tools and applications that will enhance the business operations and improve the process efficiency. For said purpose, the company plans to utilise INR 2 crores from the net proceeds raised.
- Funding working capital requirement: The company requires additional working capital for funding future growth requirements of the company and for other business purposes. The company plans to utilise INR 15.45 crores for the said purpose.
- Repayment of bank loans: The company has entered into various financing arrangements, including borrowings in the form of long-term loans and cash credit facilities. As at 10.09.2023, the total secured borrowings amounted to ₹ 9.06 crores and unsecured borrowing amounted to 0.24 crores.The Company proposes to utilize an aggregate amount of INR 7.30crores from the net proceeds towards repayment.
Newjaisa Technologies IPO Risks And Challenges
In 2023, the top 10 IT suppliers, without long-term agreements, provided 85.69% of supplies, posing a risk to timely procurement. Offering guarantees and warranties, increased returns or warranty claims could impact the business. Inefficient e-waste disposal remains a concern for the company.
- Top 10 suppliers contributed 85.69% of the total IT supplies in the year 2023 and the company does not have any long term agreement with them. If the company does not procure the supplies in a timely manner, the operations of the company will be affected.
- The company provides guarantees and warranties on our products. A significant increase in returns and activation of warranty provisions by customers may impact the business and results from operations.
- The company generates e-waste during the process of refurbishment of used IT products. The company has not been able to have sustainable, efficient and effective arrangement for disposal of e-waste.
Newjaisa Technologies IPO Peer Comparison
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| NewJaisa Technologies Limited | 4453.23 | 5 | NA | 3.03 | 3.03 | 72.63% | 4.17 |
| Cerebra Technologies Limited | 8620.3 | 10 | 2.45 | 2.45 | 2.31 | 0.96% | 23.70 |
Newjaisa Technologies IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 960.67 | 2,791.90 | 4,452.98 |
| Equity (₹ in lakhs) | 74.36 | 254.55 | 930.12 |
| Expenses (₹ in lakhs) | 862.58 | 2,547.53 | 3,634.33 |
| Profit and Loss After Tax (₹ in lakhs) | 73.36 | 180.19 | 675.57 |
| RoNW (%) | 98.66% | 70.79% | 72.63% |
| Diluted EPS only (₹) | 3.03 | 0.81 | 0.33 |
| NAV per Equity Share (₹) | 0.34 | 1.14 | 4.17 |
| Total Assets (in lakhs) | 337.99 | 559.15 | 2,208.70 |
| Total Liabilities (in lakhs) | 263.63 | 304.60 | 1278.58 |
Newjaisa Technologies Ltd IPO – Industry & Market Potential
Worldwide ICT spending is increasing significantly every year due to the rising adoption of technologically advanced products and solutions. The global ICT spending is witnessing rapid growth owing to the increasing investment by the governments of several countries for digitizing IT infrastructure. India refurbished computers and laptops market is also witnessing significant growth due to an increase in ICT spending of various countries.
The refurbished market is set to see significant growth in India. The growth will be exclusively driven by the change in buying habits of customers which itself has been sourced from impacts left on mindset by the global pandemic.
People are now progressing more toward products that meet their requirements for functionalities and usefulness and are no longer excited about the brand-new appeal. If the refurbished product is serving the purpose at a much lesser cost, the demand for such refurbished smartphones is predicted to considerably rise in the coming year.
Newjaisa Technologies Ltd IPO – Type of Offer
The company Newjaisa Technologies Limited is coming up with an IPO of INR 39.93 crores. The offer consists of a fresh issue of equity shares at a price band of INR 44-47 per share
Newjaisa Technologies Ltd IPO Offer Size
Newjaisa Technologies Limited plans to launch an IPO valued at INR 39.93 crores, including a new issuance of equity shares. The company intends to utilize the funds for facility expansion, acquiring equipment, branding, marketing, working capital needs, and repaying bank loans.
Newjaisa Technologies IPO Allotment Structure
The IPO allocation breakdown for Inspire Films Limited is as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors (RIIs). Additionally, 4,26,000 equity shares, constituting 5% of the total issue, are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
● Market Maker Reservation: Total of 4,26,000 equity shares are reserved for market makers. This forms 5.01% of the total issue.
How to apply for Newjaisa Technologies IPO ?
To apply for the Newjaisa Technologies IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the Newjaisa Technologies IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for Newjaisa Technologies IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Newjaisa Technologies IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Newjaisa Technologies IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Newjaisa Technologies IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Newjaisa Technologies IPO:
Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Newjaisa Technologies IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) SME Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Newjaisa Technologies IPO Offer Registrar
The registrar for the Newjaisa Technologies Limited’s IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6 – 2, 6th Floor, Pinnacle Business Park,
Mahakali Cave Road, Andheri – [East],
Mumbai – 400093,
Tel No.: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Newjaisa Technologies Limited IPO FAQs
What is the allotment date of the Newjaisa Technologies Limited IPO?
The allotment date is 4th October 2023.
What is the price band of the Newjaisa Technologies Limited IPO?
The price band is INR 44-47 per share.
What is the size of the Newjaisa Technologies Limited IPO?
Newjaisa Technologies Limited plans to launch an IPO valued at INR 39.93 crores, including a new issuance of equity shares. The company intends to utilize the funds for facility expansion, acquiring equipment, branding, marketing, working capital needs, and repaying bank loans.
What is the listing date of the Newjaisa Technologies Limited IPO?
The listing date is October 5, 2023.
