Newjaisa Technologies shares list at 51% premium at ₹71 on NSE SME

Here we are sharing big news with you the NewJaisa Technologies IPO listing date. NewJaisa Technologies stakes made a favorable debut on NSE SME today. On NSE SME, NewJaisa Technologies’ share price today was listed at 71 each share, 51% higher than the issue price of 47. Since the news came on the internet it went viral on social media platforms. This news has been gaining massive attention from people as many people are curious to know about the news. Here we have more information about the news and we will share it with you in this article.

NewJaisa

The NewJaisa IPO price band was established in the range of 44 to 47 for each equity share of a face value of 5 each. NewJaisa IPO lot size was 3000 equity shares and in many of the 3000 equity stakes later. NewJaisa Technologies IPO opened for subscription on Monday, 25 September 2023, and closed on Wednesday, 27 September 2023. The base cost was 44 per equity share which is 8.8 times the face value and the cap cost, which is 9.4 times of face value. You are on the right page for more information about the news, so please read the complete article.

NewJaisa Technologies IPO details

A new issue of 8, 496,000 equity shares totaling 39.93 crore makes up the NewJaisa IPO issue and there is no offer for sale (OFS) component. Vishesh Handa and Mukunda Raghavendra have been the company’s supporters. On 16 September 2023 RHP, the promoters collectively had 1,78,56,000 equity stakes including 53.69% of the post-issued, subscribed, and paid-up equity share capital of the company. The company intends to use the net profits from the offering to pay for general corporate costs, working funds needs, technology growth, brand and marketing involuntary, machinery, supplies purchases, plant, building expansion, and renovations. Scroll down to the next page for more information about the news.

Also Read:  Q2 results today: 32 companies to declare earnings on Thursday

NewJaisa Technologies IPO GMP today

As per the report, NewJaisa IPO GMP today or grey market premium on Tuesday is +5. This indicates NewJaisa’s share price had been trading at a premium of 5 in the grey market on Thursday. Regarding the upper-end of NewJaisa Technologies IPO price band and the current premium in the grey market, the assessed listing price of NewJaisa share price is 52 apiece, which is 10.6% more increased than the IPO price of 47. Grey market premium shows investors’ willingness to pay more than the issue price. Here we have shared all the information about the news if we get any information about the news. Please read the complete article.

Mark
Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.