NewJaisa Technologies Limited IPO Opens on 25th September, 2023

• Qualified Institutional Buyers (QIB) – Up To 40,32,000 Equity Shares

• Non-Institutional Investors (NII) – Up To 12,12,000 Equity Shares

• Retail Individual Investors (RII) – Up To 28,26,000 Equity Shares

• Market Maker portion – 4,26,000 Equity Shares

The net proceeds from the IPO will be utilised for Expansion of refurbishment facility and purchase of plant, machinery and equipment, Investment in technology development, Branding & Marketing, Funding Working Capital requirement,Repayment of Bank facilities and General Corporate purposes. The issue will close on September 27, 2023.

The Book Running Lead Manager to the Issue is Indorient Financial Services Limited. The Registrar to the Issue is Bigshare Services Private Limited.

Mr. Vishesh Handa, Chairman and Managing Director of NewJaisa Technologies Limited said, ” We aim to provide budget-friendly, environmentally friendly IT products through top-notch refurbished electronics, primarily for the Indian market, serving customers nationwide via online platforms.

IPO funding will provide us with the necessary resources to meet our growth capital needs and achieve our long-term vision. Additionally, the IPO will also enhance our brand.”

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