The Initial Public Offer (IPO) of NewJaisa Technologies is going to open on Monday 25th September. The book build issue has been priced at ₹44 to ₹47 per equity share.
The Initial Public Offer (IPO) of NewJaisa Technologies is going to open on Monday 25th September. The book build issue has been priced at ₹44 to ₹47 per equity share and will remain open for subscription till September 27, 2023. The company aims to raise ₹39.93 crore through IPO. The public offer is proposed for listing on the NSE SME exchange and the company aims to raise ₹39.93 crore from its fresh issue offer. Shares of NewJaisa Technologies are also available for trading in the unlisted stock market. According to a report, market observers say that shares of NewJaisa Technologies are available in the gray market today at a premium of ₹ 5.
Complete details of IPO
The SME company has fixed the price band of the book build issue at ₹44 to ₹47 per share. The public issue will open on 25 September 2023 and will remain open for subscribers till 27 September 2023. The SME company aims to raise ₹39.93 crore from its public offer by issuing new 8,496,000 shares. A bidder will be able to apply in one lot and one lot of the book build issue will consist of 3000 company shares. After IPO, allotment of shares can happen on 4 October 2023.
When will the listing happen?
The probable date of NewJaisa Technologies IPO listing is 9 October 2023. A retail investor will need at least ₹1.41 lakh (₹47 x 3000) to apply for the IPO. The share allotment is likely to be finalized on October 4, 2023. BigShare Services Private Limited has been appointed as the official registrar of the public offer.