IPO

Namo eWaste Management Limited IPO

NSE SME

Listed On: Sep 11, 2024 at ₹ 161.5

₹ 272000 /3200 Shares
*Min Investment

Check Allotment

04 Sep, 2024

Open Date

06 Sep, 2024

Close Date

09 Sep, 2024

Allotment Date

11 Sep, 2024

Listing Date
Namo eWaste Management IPO Issue Details
  • Issue Price ₹80-85 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 60,24,000 shares(aggregating up to ₹51.2 crore)
  • Fresh Share 60,24,000 shares(aggregating up to ₹51.2 crore)
  • Listing at NSE SME
  • List Price 161.5
  • Listing Date 2024-09-11
  • Lead Manager Hem Securities Limited
  • Registrar Maashitla Securities Private Limited
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11600₹1,36,000
Retail(max)11600₹1,36,000
NII (min) 23,200₹2,72,000
Namo eWaste Management IPO Reservation

Namo eWaste Management IPO offers total 60,24,000 shares. Out of which 11,44,000 (18.99%) allocated to QIB, 8,59,200 (14.26%) allocated to NII,20,03,200 (33.25%) allocated to RII, NA (NA%) allocated to employees and 17,15,200 (28.47%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered17,15,200 (28.47%)
Market Maker Shares Offered3,02,400 (5.02%)
QIB Shares Offered11,44,000 (18.99%)
NII (HNI) Shares Offered8,59,200 (14.26%)
Retail Shares Offered20,03,200 (33.25%)
Total Shares Offered60,24,000 (100%)
Namo eWaste Management IPO Documents
DRHP
Namo 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.

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Namo eWaste Management IPO Subscription Analysis And Details
Retail
195.00x
Total
225.63x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,144,000 / 859,2002,003,2006,024,000
Day 1 04-09-24 06:00 PM
9.00 / 8.51 x17.55 x13.17 x
Day 2 05-09-24 06:00 PM
9.01 / 25.69 x50.37 x33.26 x
Day 3 06-09-24 06:00 PM
151.75 / 394.53 x195,37 x225.63 x
Total No of Applications
2,44,812
Namo eWaste Management Valuations
EPS Pre IPO ₹4.05/-
EPS Post IPO ₹2.99/-
P/E Pre IPO 20.96
P/E Post IPO 28.46
ROE 21.54%
ROCE 20.71%
Debt/Equity 0.41
RoNW 19.37%
PAT Margin 6.77%
Namo eWaste Management Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets6,274.743,912.264,174.34
Revenue10,107.625,856.074,509
Profit After Tax682.9241.56180.89
Net Worth3,526.172,814.762,577.21
Reserves & Surplus1,841.822,109.241,871.69
Total Borrowing1,453.24344.73598.1
About Namo eWaste Management 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.

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Namo eWaste Management - Promoter(s)

Akshay Jain

Rachna Jain

Pre Issue Share Holding : 93.67%

Post Issue Share Holding : 68.99%

Namo eWaste Management IPO - Issue Objectives
1

Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik.

2

To Meet Working Capital Requirement.

3

General Corporate Purpose.

Namo eWaste Management IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Namo eWaste Management Limited4.334.33N/A20.9619.37N/AStandalone
Eco Recycling Ltd.9.449.44N/A95.7927.68N/AStandalone
Cerebra Integrated Technologies Ltd.-4.32-4.32N/AN/A-23.02N/AStandalone

Notes:

  1. The P/E Ratio is based on the current market price of the respective scrips.
  2. Namo eWaste Management Limited's EPS, NAV, RoNW, and total income are taken as per the Restated Financial Statement for the Financial Year 2023-24.
  3. NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as on March 31, 2024.
  4. RoNW has been computed as net profit after tax divided by closing net worth.
  5. Net worth has been computed in accordance with Regulation 2(1)(hh) of the SEBI (ICDR) Regulations, 2018.
Contact Details

Namo eWaste Management

B-91, Private No. A-6, Basement, Main Road, Kalkaji, South Delhi, New Delhi-110019

+91-129-4315187

cs@namoewaste.com

http://www.namoewaste.com/

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues