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News Details

20/09/2023 10:20

Newjaisa Technologie announces launch of initial public offering

Newjaisa Technologies Ltd. has announced public offering of 8496000 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 42.00 per share. The gross proceeds of the issue are expected to be Rs 3,993.12 lakhs.

The company's initial public offer (IPO) will open on 25 September 2023 and is expected to close on 27 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 44.00-47.00 per share.

The IPO includes a fresh Issue of 8496000 Equity Shares of the Company at an price of Rs 47.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Newjaisa Technologies Ltd. anticipates using the proceeds of the issue for .

Indorient Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.