Namo eWaste Management IPO will open for subscription from 04 September 2024. The company aims for an issue size of ₹51.20 Cr through this IPO.
Company Overview
| Full name | Namo eWaste Management Limited |
| Sector | Other |
| Industry | Environmental Services |
| Company Website | https://namoewaste.com/ |
About Company
The company 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 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 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.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 04 September 2024 |
| IPO Closing | 06 September 2024 |
| Basis of Allotment | 09 September 2024 |
| Initiation Refund | 10 September 2024 |
| Credit to Demat Account | 10 September 2024 |
| Listing Date | 11 September 2024 |
Namo eWaste Management IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹51.20 Cr – 6,024,000 shares |
| Fresh Issue | ₹51.20 Cr – 6,024,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 302,400 shares |
| Shareholding pre-issue | 16,843,515 |
| Shareholding post-issue | 22,867,515 |
| Listing Exchange | NSE SME |
Namo eWaste Management IPO Lot Size
| 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 Offer Documents
Namo eWaste Management IPO Reservation Details
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net offer |
| Retail Shares Offered | Not more than 35.00% of the Net offer |
Namo eWaste Management Financial Performance
| FY 2022* | FY 2023* | FY 2024 | |
| Revenue | 44.78 | 58.45 | 100.93 |
| Expenses | 42.67 | 55.33 | 91.94 |
| Net income | 1.81 | 2.42 | 6.83 |
Namo eWaste Management Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.24 | 1.62 | 4.33 |
| PE ratio | – | – | 18.48 – 19.63 |
| RONW (%) | 7.02 | 8.58 | 19.37 |
| NAV | 17.60 | 18.87 | 22.38 |
| ROCE (%) | 8.17 | 11.31 | 20.71 |
| EBITDA (%) | 5.79 | 6.61 | 11.07 |
| Debt/Equity | 0.23 | 0.12 | 0.41 |
Company Promoters
- Akshay Jain
- Rachna Jain
Promoter Holding
| Pre Issue Share Holding | 93.67% |
| Post Issue Share Holding | 68.99% |
Namo eWaste Management Offer GMP Update
Coming Soon
Namo eWaste Management IPO Subscription Update
Coming Soon
Namo eWaste Management IPO Allotment Status
Namo eWaste IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Namo eWaste Management IPO Listing Details
| Listing Date | 11 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
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Namo eWaste Management IPO Lead Manager(s)
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 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 Contact Details
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
Namo eWaste Management IPO FAQs
What is Namo eWaste offer size?
Namo eWaste offer size is ₹ 48.19 – 51.20 crores.
What is Namo eWaste offer price band?
Namo eWaste public offer price is ₹ 80 – 85 per share.
What is the lot size of Namo eWaste IPO?
Namo eWaste offer lot size is 1,600 shares.
What is Namo eWaste IPO GMP today?
Namo eWaste IPO GMP today is ₹ 55 per share.
What is Namo eWaste kostak rate today?
Namo eWaste kostak rate today is ₹ NA per application.
What is Namo eWaste IPO Subject to Sauda rate today?
Namo eWaste Subject to Sauda rate today is ₹ 60,000 per application.
Final thoughts
Namo eWaste Management IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
