To expand the content portfolio, the company filed for IPO on August 14 and received National Stock Exchange (NSE) approval in September. The size of the IPO stands at Rs 21 crore.
Newjaisa Technologies Rs 40 crore SME IPO is an entirely fresh issue of 84.96 lakh shares. The company is offering its shares in the range of Rs 44-47. The company is a direct-to-consumer refurbished IT electronics company providing quality refurbished electronics at significant discounts as compared to new products. Its business model encompasses an end-to-end reverse supply chain for IT assets.