Newjaisa Technologies IPO opens next week. GMP, other details about SME issue
Newjaisa Technologies IPO: The initial public offering (IPO) of Newjaisa Technologies Limited is going to hit primary market on 25th September 2023 o.e. on Monday next week. The book build issue has been priced at ₹44 to ₹47 per equity share and it will remain open for bidding till 27th September 2023.
The public offer is proposed fir listing on NSE SME exchange and the company aims to raise ₹39.93 crore from its fresh issue offer. Newjaisa Technologies shares are also available for trade in unlisted stock market. According to market observers, Newjaisa Technologies shares are available at a premium of ₹5 in grey market today.
The net proceeds from the IPO will be utilised for Expansion of refurbishment facility and purchase of plant, machinerytechnology development and equipment, Investment in , Branding & Marketing, Funding Working , Repayment of Bank facilities and General Corporate purposes. "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," said Vishesh Handa, Chairman and Managing Director of NewJaisa Technologies Limited. Here we listing out important details in regard to the NSE SME IPO: 1] Newjaisa Technologies IPO GMP: Shares of the company are available at a premium of ₹5 in grey market today, say market observers.
2] Newjaisa Technologies IPO price: The SME company has fixed price band of the book build issue at ₹44 to ₹47 apiece. 3] Newjaisa Technologies IPO date: The public issue will open on 25th September 2023 and it will remain open for subscribers till 27th September 2023. 4] Newjaisa Technologies IPO size: The SME company aims to raise ₹39.93 crore from
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