The Newjaisa Technologies IPO started on September 25, 2023, and ended on September 27, 2023. Shares were allocated on October 4, 2023, and refund processes began on October 5, 2023. On October 6, 2023, the shares were credited to investors demat accounts. Newjaisa Technologies was officially listed on the stock exchange on October 9, 2023.
During the IPO, Newjaisa Technologies offered shares at a price range of ₹44 to ₹47 per share, and the lot size was 3000 shares. The total issue size was ₹39.93 crores, with ₹39.93 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Newjaisa IPO Subscription Update Video
Newjaisa Technologies IPO Subscription Status
The Newjaisa Technologies IPO on September 26, 2023 was subscribed 0.98 times, with the retail category being subscribed 1.81 times, the NII (Non-Institutional Investor) category being subscribed 0.37 times, the QIB (Qualified-Institutional Buyers) category being subscribed 0.00 times.
| Category | Subscription |
| QIB | 0.00x |
| NII | 0.37x |
| Retail | 1.81x |
| Total | 0.98x |
Newjaisa Technologies IPO Basic Details
| Company Name | Newjaisa Technologies Limited |
| Domain of Company | Sell Refurbished Electronics |
| Newjaisa Technologies IPO GMP Today | ₹0.00 |
| Newjaisa Technologies IPO Listing Gain | 0.00% |
| Newjaisa Technologies IPO Open Date | September 25, 2023 |
| Newjaisa Technologies IPO Close Date | September 27, 2023 |
| Newjaisa Technologies IPO Allotment Date | October 4, 2023 |
| Newjaisa Technologies IPO Listing Date | October 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹44 to ₹47 per share |
| Lot Size | 3000 Shares |
| Issue Size | 8,496,000 shares of ₹5 (aggregating up to ₹39.93 Cr) |
| Fresh Issue | 8,496,000 shares of ₹5 (aggregating up to ₹39.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Vishesh Handa and Mr. Mukunda Raghavendra |
About Newjaisa Technologies Limited
Newjaisa Technologies Limited, established in 2020, offers discounted refurbished electronics. We acquire used gadgets like laptops, desktops, and peripherals, restore them to like-new condition, and then sell them directly to customers, including businesses and individuals. Our primary revenue source is the direct sale of IT products, including laptops, desktops, monitors, and accessories like keyboards, mice, Wi-Fi equipment, and speakers.
We serve customers across India, including students, home users, small and medium-sized enterprises (SMEs), and working professionals. You can find our products on various e-commerce and online platforms.
Our team consists of over 347 individuals, including 99 employees and 248 interns, working in a 28,750 square foot facility. We deliver approximately 5,500 refurbished SKUs each month.
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Newjaisa Technologies IPO FAQs
What is the start and end date of Newjaisa Technologies IPO Subscription?
The Newjaisa Technologies IPO started on September 25, 2023, and ended on September 27, 2023.
When does Newjaisa Technologies IPO Subscription open?
The Newjaisa Technologies IPO open on September 25, 2023.
When does Newjaisa Technologies IPO Subscription close?
The Newjaisa Technologies IPO Close on September 27, 2023.
What is the allotment date of Newjaisa Technologies IPO?
The allotment date for Newjaisa Technologies IPO is September 4, 2023.
When is the initial refund date of Newjaisa Technologies IPO?
The initial Refund date for Newjaisa Technologies IPO is September 5, 2023.
When were the shares credited to investors demat accounts for the Newjaisa Technologies IPO?
The shares for the Newjaisa Technologies IPO were credited to investors demat accounts on September 6, 2023.
When will Newjaisa Technologies IPO be listed on the stock market?
Newjaisa Technologies IPO stock market will be listed on September 9, 2023 at 10 am.
What was the price range of the Newjaisa Technologies IPO shares?
The Newjaisa Technologies IPO shares were offered at a price range of ₹44 to ₹47 per share.
What was the lot size for the Newjaisa Technologies IPO shares?
The lot size for the Newjaisa Technologies IPO shares was 3000 shares.
What was the total issue size of the Newjaisa Technologies IPO?
The total issue size of the Newjaisa Technologies IPO was ₹39.93 crores.
How were the shares allocated among different types of investors for the Newjaisa Technologies IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Newjaisa Technologies IPO listed?
The Newjaisa Technologies IPO was listed on the NSE SME.
What is the Newjaisa Technologies IPO Subscription Status?
Newjaisa Technologies IPO is subscribed Times.
