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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 opens for subscription on September 4, 2024 and closes on September 6, 2024. The allotment for the Namo eWaste Management IPO is expected to be finalized on Monday, September 9, 2024. Namo eWaste Management IPO will list on NSE SME with tentative listing date fixed as Wednesday, September 11, 2024.
Namo eWaste Management IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹272,000.
Hem Securities Limited is the book running lead manager of the Namo eWaste Management IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Namo eWaste Management IPO is Hem Finlease.
Refer to Namo eWaste Management IPO RHP for detailed information.
| 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 Hem Finlease |
| 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 raises Rs 14.58 crore from anchor investors. Namo eWaste Management IPO Anchor bid date is September 3, 2024.
| 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 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 |
| 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 |
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 |
| Lot Size Calculator | |||
Akshay Jain and Rachna Jain are the promoters of the company.
| Share Holding Pre Issue | 93.67% |
| Share Holding Post Issue | 68.99% |
Namo eWaste Management Limited was founded in 2014 and offers services for the 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 and provides comprehensive services for the recycling of Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, etc.
The company's service portfolio includes:
The company has leased a factory in Faridabad, Haryana, India, with an area of 2566 square meters, and a storage and dismantling unit in Palwal, Haryana, India, with an area of 16,010 square meters.
On March 31, 2024, the company employed around 48 people.
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 | ||||||||||||||||||||||||||||||
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 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in eWaste collection, disposal and recycling and related services, which is highly competitive and fragmented segment. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears aggressively priced. Well-informed investors may park moderate funds for long term. Read detail review...
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/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Check our SME IPO Guide 
Namo eWaste Management IPO is a SME IPO of 6,024,000 equity shares of the face value of ₹10 aggregating up to ₹51.20 Crores. The issue is priced at ₹80 to ₹85 per share. The minimum order quantity is 1600 Shares.
The IPO opens on September 4, 2024, and closes on September 6, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Namo eWaste Management IPO using UPI as a payment gateway. Zerodha customers can apply in Namo eWaste Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Namo eWaste Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Namo eWaste Management IPO opens on September 4, 2024 and closes on September 6, 2024.
Namo eWaste Management IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
You can apply in Namo eWaste Management IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Namo eWaste Management IPO will be done on Monday, September 9, 2024, and the allotted shares will be credited to your demat account by Tuesday, September 10, 2024. Check the Namo eWaste Management IPO allotment status.
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