Newjaisa Technologies Limited IPO Review, Date, Price, GMP

Newjaisa Technologies Limited Incorporated in 2020, is a technology-driven direct-to-consumer refurbished IT electronics company that specializes in providing high-quality refurbished electronics at significant discounts compared to new products. The main purpose of the company is to provide high-quality refurbished electronic devices at reasonable costs.

Newjaisa Technologies Limited uses a comprehensive business strategy that includes a complete reverse supply chain for IT assets. This includes purchasing used IT items such as laptops, desktops, and peripherals, then carefully fixing them to bring them as close to new as possible. Then these refurbished devices are made available to customers such as business organizations and individuals.

Newjaisa Technologies Limited’s primary goal is to solve the issue of e-waste by extending the lifespan of IT products and offering high-quality computing products to end users. The company takes satisfaction in providing things in exactly the same condition as new ones, and they back this up with guarantees to assure client happiness.

Currently, Newjaisa Technologies Limited is concentrating on its activities in the Indian market, providing services to customers via the Internet and e-commerce platforms. Their business not only contributes to reducing e-waste but also strives to make top-notch computing products accessible to the underserved Indian population by offering them at highly competitive prices with service guarantees via warranties.

To handle the challenging task of repairing multiple brands and models with a variety of problems in different components, the company offers technology-driven, pre-operational refurbishing processes and infrastructure. By using this strategy, Newjaisa Technologies Limited can achieve scalability while retaining excellent product quality and recovering products to levels that are on level with those of new ones.

Their online-first strategy has been successful in helping them reach and satisfy clients across India without paying significant distribution and inventory costs. This strategy also enables quicker and more affordable client service.

Newjaisa Technologies Limited IPO Complete Details:

Newjaisa Technologies Limited IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Newjaisa Technologies Limited is Around 11 Rs.

Objects Of Issue:

1) Expanding the refurbishment facility and acquiring plant, machinery, and equipment.
2) Investing in the development of technology.
3) Enhancing branding and marketing efforts.
4) Securing funding for working capital needs.
5) Repaying existing bank facilities.
6) Addressing general corporate purposes.

Promoters:

Mr. Vishesh Handa:

• Position: Promoter, Chairman, and Managing Director of the Company
• Education: Holds a bachelor’s degree in Technology in Metallurgical Engineering & Material Science from the Indian Institute of Technology, Bombay. He also possesses a postgraduate diploma in management for executives from the Indian Institute of Management, Calcutta.
• Experience: Accumulates 23 years of work experience in the Information Technology sector. He specializes in Technology, Operations, and Strategy Management matters.

Mr. Mukunda Raghavendra:

• Position: Promoter and Whole-Time Director of the Company
• Education: Holds a diploma in Electronics and communications from Karnataka Technical Board, Bengaluru.
• Experience: Possesses 29 years of work experience in post-sales activity, warranty service delivery, OEM services, repair & refurbish services, customer walk-in services, people management, and business development from existing customers.

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