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Newjaisa Technologies IPO
Newjaisa Technologies Limited
₹1,32,000 /3000 sharesMinimum investment
IPO details
Minimum investment
₹1,32,000
Price range
₹44 - ₹47
Lot size
3,000
Issue size
39.93 Cr
Face value
5
IPO document
Subscription rate
Data will be available soon
Schedule
25 Sep 2023
IPO open date
27 Sep 2023
IPO close date
4 Oct 2023
Allotment date
4 Oct 2023
Funds unblock or debit
9 Oct 2023
Tentative listing date
About
Founded in
2020
MD/CEO
Mr. Vishesh Handa
Parent organisation
Newjaisa Technologies Limited
Newjaisa Technologies Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Newjaisa Technologies IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹44 - ₹47 | ₹2 - ₹5 Lakhs | 3000 |
| High Networth Individual | ₹44 - ₹47 | ₹2 - ₹5 Lakhs | 3000 |