Business Standard

Newjaisa Technologies Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

39.93 cr

Price Range (₹)

47

Lot Size

3000

Min Investment (₹)

1,41,000.00

Listing Exchange

NSE - SME

Open Date

25-Sept-2023

Close Date

27-Sept-2023

Listing Date

05-Oct-2023

Newjaisa Technologies Ltd News

    The Shares of Newjaisa Technologies Ltd have now been listed.

    Newjaisa Technologies Ltd IPO Details

    Initial public offer of upto 84,96,000 equity shares of face value of Rs. 5/- each (the Equity Shares) of Newjaisa Technologies Limited (The Company or Newjaisa or The Issuer) at an issue price of Rs. 47 per equity share for cash, aggregating Rs. 39.93 crores (Public Issue) out of which 4,26,000 equity shares of face value of Rs. 5/- each, at an issue price of Rs. 47 per equity share for cash, aggregating Rs. 2.00 crores was reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 80,70,000 equity shares of face value of Rs. 5/- each, at an issue price of Rs. 47 per equity share for cash, aggregating Rs. 37.93 crores is herein after referred to as the Net Issue. The public issue and net issue shall constitute 26.40% and 25.07% respectively of the post-issue paid-up equity share capital of the company.

    Objective of issue

    Expansion of refurbishment facility and purchase of plant machinery & equipment. Investment in technology development. Branding & Marketing. Funding working capital requirement. Repayment of Bank facilities. General corporate purposes.

    Newjaisa Technologies Ltd Contact Details

    Newjaisa Technologies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@newjaisa.com

    Website - www.newjaisa.com