Namo eWaste Management IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 04 Sep 2024
Close Date
Fri, 06 Sep 2024
Price Band
₹ 80 – 85
Lot Size
1600
Issue Size
₹ 51.20 Cr
Minimum Investment
₹ 272,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Namo eWaste Management IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹51.20 Crore, comprising a fresh issue of 60.24 Lakh equity shares aggregating to ₹51.20 Crore.
The Namo eWaste Management IPO remained open for subscription from September 04, 2024, to September 06, 2024. The basis of allotment was finalized on September 09, 2024, and the company's shares were listed on NSE SME Platform on September 11, 2024.
The company had fixed the price band at ₹80 to ₹85 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹272,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Namo eWaste Management Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Namo eWaste Management IPO Timeline (Tentative)
- IPO Open Date
- Wed, 04 Sep 24
- IPO Close Date
- Fri, 06 Sep 24
- Basis of Allotment
- Mon, 09 Sep 24
- Initiation of Refunds
- Tue, 10 Sep 24
- Credit of Shares to Demat
- Tue, 10 Sep 24
- Listing Date
- Wed, 11 Sep 24 — NSE & BSE
Open Date
04 September 2024
Close Date
06 September 2024
Basis Of Allotment
09 September 2024
Listing Date
11 September 2024
IPO Subscription
Check Live Subscription →The Namo eWaste Management IPO has received bids for 90,43,05,600 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,03,200 shares, representing 33.25% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,44,000 shares (18.99%), while Non-Institutional Investors (NIIs) receive 8,59,200 shares (14.26%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,715,200 | 28.47% |
| Market Maker | 302,400 | 5.02% |
| Qualified Institutions | 1,144,000 | 18.99% |
| Non-Institutional | 859,200 | 14.26% |
| Retail Investors | 2,003,200 | 33.25% |
| Total | 6,024,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Namo eWaste Management Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Namo eWaste Management Limited Address / Contact Details
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
Namo eWaste Management IPO Lot Size
The Namo eWaste Management IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,36,000 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,36,000.
| 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 |
Issue Reservation
- Anchor Investors — 28.47%
- Market Maker — 5.02%
- QIB — 18.99%
- NII — 14.26%
- RII — 33.25%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Namo eWaste Management 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.
When will the Namo eWaste Management IPO open for subscription?
The Namo eWaste Management IPO opens on Wed, Sep 4, 2024 and closes on Fri, Sep 6, 2024
What is Namo eWaste Management IPO Price Band?
Namo eWaste Management IPO Price Band is ₹80 to 85 per share.
What is Namo eWaste Management IPO Lot Size?
Namo eWaste Management IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹272000 based on the upper price band
What is the minimum investment for Namo eWaste Management IPO?
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.
How to apply for Namo eWaste Management IPO?
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.
What is Namo eWaste Management IPO Issue Size?
Namo eWaste Management IPO issue size is ₹51.2 crores.
What is the Namo eWaste Management IPO Allotment Date?
Namo eWaste Management IPO allotment date is Mon, Sep 9, 2024.
Who is the Namo eWaste Management IPO Registrar?
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.
What is the Namo eWaste Management IPO GMP?
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 0.00% over the issue price.
Who is the Namo eWaste Management IPO Lead Manager?
The book-running lead managers (BRLMs) for the Namo eWaste Management IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Namo eWaste Management IPO Red Herring Prospectus (RHP).