Namo eWaste Management IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 80 – 85
Lot Size
1600
Issue Size
₹51.2 Cr
Minimum Investment
₹272000 (3200 Shares)
Listing Date
11 September 2024
Subscription
-
About the Company
Namo eWaste Management Limited specializes in the collection, disposal, and recycling of e-waste, providing comprehensive services for recycling electrical and electronic equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, and more. Namo eWaste Management is dedicated to handling large volumes of EEE waste and is capable of extracting all components from electrical items, including valuable and semi-precious metals like copper, aluminum, and iron.
Namo eWaste Management Limited operates a rented factory in Faridabad, Haryana, and also has a Storage and Dismantling Unit on rent in Palwal, Haryana. The Faridabad factory is equipped with the necessary infrastructure, including machinery and handling equipment, to ensure a smooth recycling process. As of 31 March 2024, the company employs approximately 48 people, including semi-skilled staff, across various levels of the organization.
Currently, Namo eWaste Management Limited markets its products across approximately 20 states and Union Territories in India, with the majority of its revenue generated from Haryana, Delhi, and Maharashtra. Other states contributing to its market include Tamil Nadu, Uttar Pradesh, Rajasthan, Gujarat, West Bengal, Punjab, Uttarakhand, and Chandigarh, among others.
Promoters
The promoters of the company are
- Akshay Jain
- Rachna Jain
Promoters Holding
Holding Pre Issue
93.67%
Holding Post Issue
68.99%
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik.
- To Meet Working Capital Requirement.
- General Corporate Purpose.
Address / Contact Info
Namo eWaste Management Limited
B-91, Private No. A-6, Basement,
Main Road, Kalkaji, South Delhi,
New Delhi-110019
Phone: +91-129-4315187
Email: cs@namoewaste.com
Website: http://www.namoewaste.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 04 September 2024
IPO Close Date
Friday, 06 September 2024
Basis of Allotment
Monday, 09 September 2024
Initiation of Refunds
Tuesday, 10 September 2024
Credit of Shares to Demat
Tuesday, 10 September 2024
Listing Date
Wednesday, 11 September 2024 — NSE & BSE
Important Dates
Open Date
04 September 2024
Close Date
06 September 2024
Basis Of Allotment
09 September 2024
Listing Date
11 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 6274.74 | 3912.26 | 4174.34 |
| Revenue | 10107.62 | 5856.07 | 4509 |
| Profit After Tax | 682.9 | 241.56 | 180.89 |
| Net Worth | 3526.17 | 2814.76 | 2577.21 |
| Reserve & Surplus | 1841.82 | 2109.24 | 1871.69 |
| Total Borrowings | 1453.24 | 344.73 | 598.1 |
EPS Pre
4.05%
EPS Post
2.99%
P/E Pre
20.96
P/E (Post Issue)
28.46x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 21.54 |
| ROCE % | 20.71 |
| Debt / Equity | 0.41 |
| RoNW % | 19.37 |
| PbW | 6.77 |
| Pat Margin % | 6.77 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1715200 | 28.47 | 0 |
| Market Maker | 302400 | 5.02 | 0 |
| Qualified Institutions | 1144000 | 18.99 | 0 |
| Non-Institutional | 859200 | 14.26 | 0 |
| Retail Investors | 2003200 | 33.25 | 0 |
| Total | 6024000 | 100 | 0 |
Subscription Status ( Thu, 29 Aug 24 05:16 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 173603200 | 0x |
| Non-Institutional | 0 | 339003200 | 0x |
| Retail Investors | 0 | 391699200 | 0x |
| Total | 0 | 904305600 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 136,000.00 |
| Retail (Max) | 1 | 1,600 | 136,000.00 |
| S-HNI (Min) | 2 | 3,200 | 272,000.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Namo eWaste Management IPO is a Book-building IPO worth ₹51.2 crores. The price band is ₹80 to 85 per share. The IPO opens on Wed, Sep 4, 2024 and closes on Fri, Sep 6, 2024. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Namo eWaste Management IPO opens on Wed, Sep 4, 2024 and closes on Fri, Sep 6, 2024
Namo eWaste Management IPO Price Band is ₹80 to 85.
Namo eWaste Management IPO lot size is 1600, and the minimum amount required for application is ₹272000.
The minimum investment for Namo eWaste Management IPO is approximately ₹272000 based on the upper price band.
To apply for the Namo eWaste Management IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 6, 2024. After submission, funds are blocked until the basis of allotment of Namo eWaste Management IPO is finalised.
Namo eWaste Management IPO issue size is ₹51.2 crores.
Namo eWaste Management IPO allotment date is Sat, Jun 27, 2026.
The registrar for Namo eWaste Management IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Namo eWaste Management IPO through their official website or helpline.
The Namo eWaste Management IPO GMP (Grey Market Premium) is ₹0 as of Wed, Sep 11, 2024. Based on the upper price band of ₹85 per share, the estimated Namo eWaste Management IPO listing price is ₹85, indicating a potential listing gain of approximately 31% over the issue price.