IPO is now creating a lot of talk in the markets. A lot of investors are investing money in this surge. Tomorrow, two more firms in this series will reveal their IPO subscriptions. Newjaisa Technologies IPO will launch on September 25 2023.
The specifics are that Newjaisa Technologies will soon be accessible to ordinary investors in the D2C sector. The business provides high-quality refurbished gadgets from numerous brands under this technical heading. The company strives to offer customers high-quality products at affordable costs by adding new products to the mix, which helps the business build a solid reputation.
The company wants to provide affordable and environmentally friendly IT products through online platforms in order to serve the Indian market. Vishesh Handa, the chairman and managing director, shared this goal.
The NSE Emerge SME category will have an IPO available for subscription from September 25 to September 27. The price range for this has been set by the firm as INR 44–47. The approximate INR 399.3 crores in market funding sought by the IPO. In order to do this, the business is distributing 8,496,000 new shares to investors. The company’s shares are currently trading at a premium of INR 5 on the gray market.
The business is offering 3,000 shares in a single lot. Investors will need at least INR 1.41 lakhs in order to participate in the IPO if you take into account the upper pricing band. According to the most recent data, the business intends to float on the stock exchange by October 9, 2023. As the designated registrar, Bigshare Services Pvt Ltd has been given complete control over the procedure.
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