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Newjaisa Technologies IPO
Newjaisa Technologies Limited
₹1,32,000 /3000 sharesMinimum Investment
Newjaisa Technologies IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Sep ‘23 - 27 Sep ‘23 | ₹1,32,000 | 3,000 | ₹44 - ₹47 |
| Issue Size | IPO Doc |
|---|---|
| 39.93Cr | RHP PDF |
About Newjaisa Technologies
Founded in
2020
Managing director
Mr. Vishesh Handa
Parent organisation
Newjaisa Technologies Limited
Strengths & Financials of Newjaisa Technologies
Strengths
Risks
Proprietary and scalable refurbishment process
Products that are priced lower as compared to buying new goods
The company can tap into market opportunity from CSR and other ESG linked initiatives
There’s a scope of expansion into new verticals like tablets and other IT products etc
Entry into international market with low priced products can also increase the company’s revenues
347 (99 employees and 248 Interns) operating out of 28,750 Sq Ft delivering approximately 5,500 refurbished SKU on monthly basis.
The company does not have long-term agreements with its suppliers.
The company provides guarantees and warranties on its products. A significant increase in returns and activation of warranty provisions by customers may impact the business and results from operations.
The business is subject to seasonality (as they see higher demand for their products during the festive seasons), which may contribute to fluctuations in periodical results of operations and financial condition.
There are certain discrepancies/errors noticed in some of the company’s corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013.
The company has had certain inaccuracies in relation to regulatory filings and has made non-compliances of certain provisions under applicable law.
About 45% of sales come from the states of Tamil Nadu (26%) and Karnataka (19%). Due to this geographic concentration, the company’s results of operations and growth might be impacted if there are adverse economic and demographic conditions in these states.
Company has recorded a negative cash flow in its operating activities in the previous three financial years.
There are outstanding legal proceedings involving the company, promoters and directors.
Newjaisa Technologies Financials
*All values are in Rs. Cr
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Application Details of Newjaisa Technologies IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹44 - 47 | ₹2 - 5 Lakh |
| High Networth Individual | ₹44 - 47 | ₹2 - 5 Lakh |
For Newjaisa Technologies IPO, eligible investors can apply as Regular.