Namo eWaste Management IPO Details
The Namo eWaste Management IPO is a book build issue with a total issue size of ₹51.2 cr, comprising of fresh issue of 6024000 equity shares. Namo eWaste Management IPO opened for subscription on Sep 04, 2024 and closed on Sep 06, 2024. Namo eWaste Management IPO is set price band at ₹80 to ₹85 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹272,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 09, 2024, and listed on the NSE on Sep 11, 2024.
Maashitla Securities Pvt. Limited has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Namo eWaste Management IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 80 – 85
- Lot Size
- 1600
- Issue Size
- ₹51.2 Cr
- Minimum Investment
- ₹272000 (3200 Shares)
- Listing Date
- 11 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Namo eWaste Management Limited
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.
Namo eWaste Management IPO Promoters
The promoters of the company are
- Akshay Jain
- Rachna Jain
Promoters Holding
Holding Pre Issue
93.67%
Holding Post Issue
68.99%
Namo eWaste Management IPO Objective
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
Book Running Lead Managers
- Hem Securities Limited
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 with a total issue size of ₹51.2 crore. The Namo eWaste Management IPO price band is ₹80 to 85 per share. The Namo eWaste Management IPO subscription opens on Wed, Sep 4, 2024, and closes on Fri, Sep 6, 2024. The Namo eWaste Management IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Namo eWaste Management IPO.
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 per share.
Namo eWaste Management IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹272000 based on the upper price band
The minimum investment for Namo eWaste Management IPO is ₹272000, based on one lot of 1600 shares at the upper price band of ₹85 per share.
Investors can apply for the Namo eWaste Management IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 6, 2024. The application amount remains blocked until the Namo eWaste Management IPO allotment is finalized.
Namo eWaste Management IPO issue size is ₹51.2 crores.
Namo eWaste Management IPO allotment date is Wed, Jul 1, 2026.
The registrar for Namo eWaste Management IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Namo eWaste Management IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.