The Namo eWaste Management IPO is set to open on September 4, 2024, and will close on September 6, 2024. This Book Built Issue aims to raise approximately ₹61.25 crores, including a fresh issue of ₹61.25 crores and an offer for sale of equity shares. Specifically, the price band is ₹80 to ₹85 per share, with allocations of 35% for retail investors, 50% for QIBs, and 15% for HNIs.
Table of contents
- Namo eWaste Management IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- Objective of the Issue
- Company Promoters
- Namo eWaste Management IPO GMP (Grey Market Premium)
- Namo eWaste Management IPO Application Form PDF
- Namo eWaste Management IPO Subscription Status
- Namo eWaste Management IPO Allotment Status
- IPO Review
- Namo eWaste Management IPO Registrar
- Namo eWaste Management IPO Lead Manager
- Namo eWaste Management Limited Contact
- FAQs
Namo eWaste Management IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Namo eWaste Management Limited |
| Industry | Business Services |
| IPO Issue Type | Book Built Issue |
| Open Date | September 4, 2024 |
| Close Date | September 6, 2024 |
| Total Issue Size | ₹51.20 Crores (6,024,000 Equity Shares ) |
| Face Value | ₹10 per share |
| Fresh Issue | ₹51.20 Crores (6,024,000 Equity Shares ) |
| Price Band | ₹80 to ₹85 per share |
| Listing on | NSE SME |
| Lot Size | 1600 Shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Namo eWaste Management Limited was founded in 2014 and offers services for the collection, disposal, and recycling of e-waste. Namo eWaste Management is a leading company specializing in the recycling of electrical and electronic (EEE) waste, committed to responsible e-waste management in India. The company offers comprehensive, complete, and environmentally responsible recycling services.
Additionally, Namo eWaste Management efficiently handles large volumes of high-quality EEE waste. Specifically, they refurbish electronic products that are still functional but outdated, involving testing, repairing, and cleaning to restore them to usable condition. For instance, they provide refurbishment services for IT products from brands like Apple, HP, Lenovo, and Dell.
Furthermore, the company operates a factory in Faridabad, Haryana, where they process and extract components from electrical items, including valuable and semi-valuable metals such as copper, aluminum, and iron.
Namo eWaste Management is an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company and provides comprehensive services for the recycling of Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, etc.
Key Dates
| Events | Date | |||
|---|---|---|---|---|
| IPO Open Date | September 4, 2024 | |||
| IPO Close Date | September 6, 2024 | |||
| Basis of Allotment | September 9, 2024 | |||
| Refunds | September 10, 2024 | |||
| Credit to Demat Account | September 10, 2024 | |||
| IPO Listing Date | September 11, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹62.74 | ₹39.12 | ₹41.74 |
| Revenue | ₹101.07 | ₹58.56 | ₹45.09 |
| Profit After Tax | ₹6.82 | ₹2.41 | ₹1.80 |
| Net Worth | ₹35.26 | ₹28.14 | ₹25.77 |
| Reserves and Surplus | ₹18.41 | ₹21.09 | ₹18.71 |
| Total Borrowing | ₹14.53 | ₹3.44 | ₹5.98 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 2 | 1600 | ₹136,000 |
| HNI (Min) | 3 | 3200 | ₹272,000 |
Objective of the Issue
- Firstly, we intend to fund the capital expenditure requirements of our subsidiary, Techeco Waste Management LLP, specifically for establishing a new factory unit in Nashik.
- Additionally, we aim to address our working capital requirements.
- Moreover, we will allocate funds for general corporate purposes.
Company Promoters
- Mr. Akshay Jain
- Mrs. Rachna Jain
Namo eWaste Management IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Namo eWaste Management IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Namo eWaste Management Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Namo eWaste Management IPO Application Form PDF
To download the Namo eWaste Management IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Namo eWaste Management IPO Subscription Status
This IPO subscription kicks off on September 4, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Namo eWaste Management IPO Allotment Status
To check the Namo eWaste Management IPO allotment status go to the IPO registrar website Maashitla or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Namo eWaste Management is a dedicated service provider for the collection, management, and recycling of e-waste material through its in-house factory unit.
- Additionally, the company implements a stringent quality control mechanism, ensuring standardized product quality.
- Furthermore, it benefits from diversified revenue streams across multiple geographies.
- Moreover, the synergy of its young and experienced management team drives the company’s success.
Risks:
- The company’s e-waste recycling authorization must be renewed timely to avoid fines or shutdown.
- It depends on a few key suppliers with fixed pricing, making it vulnerable to market changes.
- Revenue heavily relies on specific regions, so adverse developments could negatively impact operations.
- Delays or increased costs in setting up the new factory could affect financial health and growth.
- Non-compliance with statutory provisions and issues with operational premises or trademarks could also harm the company.
Namo eWaste Management IPO Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: +91-11-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Namo eWaste Management IPO Lead Manager
HEM SECURITIES LIMITED
904, A wing, 9 Floor, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400 013.
Phone: +91- 22- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Namo eWaste Management Limited Contact
NAMO EWASTE MANAGEMENT LIMITED
14/1, Main Mathura Road,
Faridabad-121003, Haryana
Phone: +91-129-4315187
E-mail: cs@namoewaste.com
Website: www.namoewaste.com
FAQs
The Namo eWaste offer size ranges from INR 57.65 to 61.25 crores.
The public offer price for Namo eWaste is set between INR 80 and 85 per share.
The lot size for the Namo eWaste IPO is 1,600 shares.
The finalization of the Basis of Allotment for Namo eWaste Management’s IPO is scheduled for September 9, 2024, with the allotted shares credited to your demat account by September 10, 2024.
Additionally, The Namo eWaste Management’s IPO will open on September 4, 2024, and close on September 6, 2024.
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