Namo eWaste Management Limited IPO
NSE SMEListed On: Sep 11, 2024 at ₹ 161.5
₹ 136000 /1600 Shares
Check Allotment04 Sep, 2024
Open Date06 Sep, 2024
Close Date09 Sep, 2024
Allotment Date11 Sep, 2024
Listing DateIssue Price
₹80-85 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Private LimitedList Price
161.5Listing Date
2024-09-11Market Lot
1600 Shares (₹136,000/-)Lead Manager
Hem Securities LimitedIssue Size
6,024,000 shares(aggregating up to ₹51.20 Cr)Retail Portion
35%Subscription
225.63 timesIPO Docs
DRHPNamo eWaste Management IPO Details
Namo eWaste Management Limited IPO is an SME IPO, priced at ₹80-85 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 60,24,000 equity shares, aggregating up to ₹51.2 crores..
The IPO bidding window is open from Sep 4, 2024 to Sep 6, 2024. The allotment is expected to be finalized on Sep 9, 2024, and the tentative listing date is Sep 11, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,36,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,72,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Hem Finlease Private Limited will act as the market maker for this issue.
Namo eWaste Management IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,144,000 / 859,200 | 2,003,200 | 6,024,000 |
| Day 1 - 04-09-24 06:00 PM | 9.00 / 8.51 x | 17.55 x | 13.17 x |
| Day 2 - 05-09-24 06:00 PM | 9.01 / 25.69 x | 50.37 x | 33.26 x |
| Day 3 - 06-09-24 06:00 PM | 151.75 / 394.53 x | 195,37 x | 225.63 x |
Namo eWaste Management Valuations
EPS Pre IPO
₹4.05/-EPS Post IPO
₹2.99/-P/E Pre IPO
20.96P/E Post IPO
28.46ROE
21.54%ROCE
20.71%Debt/Equity
0.41RoNW
19.37%PAT Margin
6.77%Namo eWaste Management Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 1,841.82 | 2,109.24 | 1,871.69 |
| Total Borrowing | 1,453.24 | 344.73 | 598.1 |
About The Company
Namo eWaste Management Limited was incorporated in the year 2014. The services that it offers are collection, disposal, and recycling of e-waste.
Namo eWaste Management is an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, providing all services in EEE like air conditioners, refrigerators, laptops, phones, washing machines, fans, etc.
The service portfolio of the company includes:
Electronics recycling
Refurbishment
Extended producer responsibility (EPR) services
The company has taken on lease a factory in Faridabad, Haryana, India, having an area of 2566 square meters and a storage and dismantling unit in Palwal, Haryana, India, having an area of 16,010 square meters.
As of March 31, 2024, the company had approximately 48 employees.
Namo eWaste Management - Promoter(s)
Pre Issue Share Holding: 93.67%
Post Issue Share Holding: 68.99%
- Akshay Jain
- Rachna Jain
Namo eWaste Management IPO - Issue 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.
Other Details
Namo eWaste Management
B-91, Private No. A-6, Basement, Main Road, Kalkaji, South Delhi, New Delhi-110019Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Namo eWaste Management IPO - FAQs
Ans. Namo eWaste Management Limited IPO is a SME IPO. The issue is priced at ₹80-85 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Sep 4, 2024, and closes on Sep 6, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Namo eWaste Management Limited IPO opens on Sep 4, 2024 and closes on Sep 6, 2024.
Ans. The size of Namo eWaste Management Limited IPO is 6,024,000 shares(aggregating up to ₹51.20 Cr).
Ans. The IPO price band is set between ₹80-85 per equity share.
Ans. To apply for Namo eWaste Management Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Namo eWaste Management Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Namo eWaste Management Limited IPO is Sep 9, 2024.
Ans. The Namo eWaste Management Limited IPO will be listed on Sep 11, 2024.
Ans. Follow the steps to check the allotment status for Namo eWaste Management Limited IPO here.
