Newjaisa Technologies
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 25 Sep 2023 – 27 Sep 2023
- Listing date
- 05 Oct 2023
- Face value
- ₹5 per share
- Issue price
- ₹47 per share
- Lot size
- 3,000 shares
- Issue type
- Book Building issue
- Total issue size
- ₹39.93 Cr
- Market cap at offer price
- ₹151 Cr
- Promoter holding
- 94.23% → 69.35% pre-issue → post-issue
- ISIN
- INE0PW501021
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Indorient Financial Services Ltd.
- Registered office
- 207/B2, 2nd Cross Road, J.C, Industrial Estate, Bikasipura Main Road, Off Kanakpura Road, Near Delhi Public School, Karnataka
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 24,18,000 | — | — |
| Market maker | 4,26,000 | — | — |
Application size
Minimum 3,000 shares per lot, in multiples, at ₹47
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,41,000 |
| S-HNI (min) | 2 | 6,000 | ₹2,82,000 |
| S-HNI (max) | 7 | 21,000 | ₹9,87,000 |
| B-HNI (min) | 8 | 24,000 | ₹11,28,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.03 | — |
| P/E (×) | 15.51 | — |
| Market cap | — | ₹151 Cr |
Key performance indicators
- Return on net worth
- 72.63%
- ROCE
- 72.63%
- PAT margin
- 7.60%
- NAV per share
- ₹4.17
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Newjaisa Technologies
Newjaisa Technologies Limited (formerly Newjaisa Technologies Private Limited) was incorporated on June 16, 2020 in Bangalore and converted into a public limited company on June 27, 2023. Started in 2020, it is a technology-driven direct-to-consumer (D2C) refurbished IT electronics company running an end-to-end reverse supply chain for IT assets: it sources used laptops, desktops, Chromebooks, monitors and accessories from recyclers and corporate clients, refurbishes them to 'as good as new' condition at its centralized Bangalore facility through proprietary incoming quality-check, rule-engine, component-level repair/replacement, surface-treatment and packing processes, and sells them directly to end customers — students, home users, SMEs and working professionals — via third-party e-commerce platforms, its own website, offline channels and direct corporate sales. It sells brands such as Dell, HP, Lenovo, ASUS, Acer and MacBook, has served customers across more than 19,298 pin codes in India, has processed over 50,000 unique orders since inception, and operates with 99 employees and 248 interns delivering approximately 5,500 refurbished SKUs per month. The company makes money from these product sales: revenue from operations grew from ₹960.67 lakhs (FY21) to ₹2,791.90 lakhs (FY22) to ₹4,452.98 lakhs (FY23), with profit after tax of ₹675.57 lakhs in FY23; online e-commerce platforms contributed 96.44% of FY23 revenue from operations.
Company Analysis
from RHPNewjaisa Technologies is a technology-driven direct-to-consumer refurbished IT electronics company that procures used laptops, desktops and peripherals, refurbishes them to near-new condition, and sells them online across India at significant discounts to new products.
Newjaisa Technologies Limited (formerly Newjaisa Technologies Private Limited) was incorporated on June 16, 2020 in Bangalore and converted into a public limited company on June 27, 2023. Started in 2020, it is a technology-driven direct-to-consumer (D2C) refurbished IT electronics company running an end-to-end reverse supply chain for IT assets: it sources used laptops, desktops, Chromebooks, monitors and accessories from recyclers and corporate clients, refurbishes them to 'as good as new' condition at its centralized Bangalore facility through proprietary incoming quality-check, rule-engine, component-level repair/replacement, surface-treatment and packing processes, and sells them directly to end customers — students, home users, SMEs and working professionals — via third-party e-commerce platforms, its own website, offline channels and direct corporate sales. It sells brands such as Dell, HP, Lenovo, ASUS, Acer and MacBook, has served customers across more than 19,298 pin codes in India, has processed over 50,000 unique orders since inception, and operates with 99 employees and 248 interns delivering approximately 5,500 refurbished SKUs per month. The company makes money from these product sales: revenue from operations grew from ₹960.67 lakhs (FY21) to ₹2,791.90 lakhs (FY22) to ₹4,452.98 lakhs (FY23), with profit after tax of ₹675.57 lakhs in FY23; online e-commerce platforms contributed 96.44% of FY23 revenue from operations.
Objects of the Issue
- Expansion of refurbishment facility and purchase of plant, machinery and equipment ₹ 100.00 Lakh p.85
- Investment in technology development ₹ 200.00 Lakh p.85
- Branding & Marketing ₹ 200.00 Lakh p.85
- Funding Working Capital requirement ₹ 1,545.44 Lakh p.85
- Repayment of Bank facilities ₹ 730.00 Lakh p.85
- General Corporate purposes ₹ 717.68 Lakh p.85
Issue Structure
- Total Issue
- 84,96,000 Equity Shares aggregating ₹ 3,993.12 Lakhs
- Fresh Issue
- 84,96,000 Equity Shares aggregating ₹ 3,993.12 Lakhs (of which 4,26,000 shares / ₹ 200.22 Lakhs reserved for Market Maker; Net Issue 80,70,000 shares / ₹ 3,792.90 Lakhs)
- Offer for Sale
- Nil
- Price Band
- Floor Price ₹ 44 to Cap Price ₹ 47; Issue Price finalized at ₹ 47 per Equity Share
- Lot Size
- 3,000 equity shares and in multiples of 3,000 equity shares thereafter
- Face Value
- ₹ 5/- each
Business Model
The Company earns revenue by purchasing used IT assets (laptops, desktops, peripherals) from recyclers and corporate clients, refurbishing them in-house at its Bangalore facility, and reselling them at a margin directly to end customers through third-party e-commerce marketplaces and its own website (online sales constituted 96.44% of FY23 revenue from operations), supplemented by offline sales and direct corporate/institutional sales.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Vishesh Handa | Promoter | 89.51% | 65.88% |
| Mukunda Raghavendra | Promoter | 4.71% | 3.47% |
| Ankita Handa | Promoter Group | Negligible | — |
| Kiran Handa | Promoter Group | Negligible | — |
| Arun Handa | Promoter Group | Negligible | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.