Namo eWaste Management Limited
Corporate Identification Number: U74140DL2014PLC263441
Namo eWaste Management IPO is a book-built issue of Rs 51.20 crores. The issue is entirely a fresh issue of 60.24 lakh shares.
Namo eWaste Management IPO will be ready to apply on September 4, 2024, and it will be closed on September 6, 2024 5:00 PM. The allotment of the Namo eWaste Management Limited IPO (Initial public offering) is expected to be finalized on Monday, September 9, 2024. Namo eWaste Management Limited IPO will be listed on the NSE SME Segment with the subject (to) listing date fixed as Wednesday, September 11, 2024.
Namo eWaste Management Limited’s price is set between ₹80 to ₹85 per share. The minimum lot size for retail investors is 1600 Shares and the minimum amount is ₹136,000. The minimum lot size in HNI is 2 lots(3200 Shares) and the amount is about ₹272,000.
Refer to Namo eWaste Management Limited IPO RHP for detailed information.
Namo eWaste Management IPO Details
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹51.20 Cr) |
| Fresh Issue | 6,024,000 shares (aggregating up to ₹51.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,843,515 |
| Share holding post issue | 22,867,515 |
| Market Maker portion | 302,400 shares |
Namo eWaste Management IPO Timeline (Tentative Schedule)
Namo eWaste Management IPO opens on September 4, 2024, and closes on September 6, 2024.
| IPO Open Date | Wednesday, September 4, 2024 |
| IPO Close Date | Friday, September 6, 2024 |
| Basis of Allotment | Monday, September 9, 2024 |
| Initiation of Refunds | Tuesday, September 10, 2024 |
| The credit of Shares to Demat | Tuesday, September 10, 2024 |
| Listing Date | Wednesday, September 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 6, 2024 |
Namo eWaste Management IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
Namo eWaste Management IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Namo eWaste Management IPO Anchor Investors Details
Namo eWaste Management IPO raises Rs 14.58 crore from anchor investors. Namo eWaste Management IPO Anchor bid date is September 3, 2024. Namo eWaste Management IPO Anchor Investors list
| Bid Date | September 3, 2024 |
| Shares Offered | 1,715,200 |
| Anchor Portion Size (In Cr.) | 14.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 8, 2024 |
Namo eWaste Management IPO Promoter Holding
Akshay Jain and Rachna Jain are the promoters of the company.
| Share Holding Pre Issue | 93.67% |
| Share Holding Post Issue | 68.99% |
About Namo eWaste Management Limited
Namo eWaste Management Limited was established in 2014 and offers services for the collection, disposal, and recycling of e-waste (electronic waste).
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, bulbs, computers, electronic machines, etc.
The company’s service portfolio includes:
- Electronics recycling
- Refurbishment
- Extended producer responsibility (EPR) services
Namo eWaste Management Limited Financial Information (Restated Standalone)
Namo eWaste Management Limited’s revenue increased by 73% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 6,274.74 | 3,912.26 | 4,174.34 | |||||||||||||||||||||||||||
| Revenue | 10,107.62 | 5,856.07 | 4,509 | |||||||||||||||||||||||||||
| Profit After Tax | 682.9 | 241.56 | 180.89 | |||||||||||||||||||||||||||
| Net Worth | 3,526.17 | 2,814.76 | 2,577.21 | |||||||||||||||||||||||||||
| Reserves and Surplus | 1,841.82 | 2,109.24 | 1,871.69 | |||||||||||||||||||||||||||
| Total Borrowing | 1,453.24 | 344.73 | 598.1 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Namo eWaste Management IPO is Rs 194.37 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.54% |
| ROCE | 20.71% |
| Debt/Equity | 0.41 |
| RoNW | 19.37% |
| PAT Margin (%) | 6.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.05 | 2.99 |
| P/E (x) | 20.96 | 28.46 |
Objects of the Issue (Namo eWaste Management IPO Objectives)
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 IPO Prospectus
- › Namo eWaste Management IPO DRHP
- › Namo eWaste Management IPO RHP
- › Anchor Investors in Namo eWaste Management IPO
Namo eWaste Management Limited 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/
Namo eWaste Management IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Namo eWaste Management IPO – Buy or Not
Namo eWaste Management IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 0 | 0 | 0 |
Namo eWaste Management Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 03-09-2024 | 85.00 | ₹50  |
60800 | ₹135 (58.82%) | 3-Sep-2024 21:26 |
| 02-09-2024 | 85.00 | ₹50 |
60800 | ₹135 (58.82%) | 2-Sep-2024 23:29 |
| 01-09-2024 | 85.00 | ₹50 |
60800 | ₹135 (58.82%) | 1-Sep-2024 23:24 |
| 31-08-2024 | 85.00 | ₹50 |
60800 | ₹135 (58.82%) | 31-Aug-2024 23:29 |
| 30-08-2024 | 85.00 | ₹50  |
60800 | ₹135 (58.82%) | 30-Aug-2024 23:29 |
| 29-08-2024 | 85.00 | ₹0 |
— | ₹85 (0%) | 29-Aug-2024 23:32 |
IPO grey market premium (GMP)
