Namo eWaste Management Limited IPO

Namo eWaste Management Limited IPO opens on September 4, 2024, and closes on September 6, 2024. The allotment for the Namo eWaste Management Limited IPO is anticipated to be completed on  Monday, September 9, 2024. The IPO will be tentatively listed on the NSE and SME on Wednesday, September 11, 2024.

Namo eWaste Management Limited IPO’s price band is Rs 80 to Rs 85 per share. The IPO is a book-built issue of Rs  51.20 crores an entirely new issue of 60.24 lakh shares.

Namo eWaste Management IPO Details

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.

Namo eWaste Management IPO Objectives

The company intends to utilize the proceeds of the Issue to meet the following 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.

About Namo eWaste Management Limited

Established in 2014, Namo eWaste Management Limited specializes in the collection, disposal, and recycling of electronic waste. Certified with ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018, the company handles a wide range of electronic equipment including air conditioners, laptops, and refrigerators. Their services include electronics recycling, refurbishment, and extended producer responsibility (EPR). Namo operates a 2,566-square-meter factory in Faridabad and a 16,010-square-meter storage and dismantling unit in Palwal, Haryana. As of March 31, 2024, the company employs 48 staff members.

Namo eWaste Management Limited Financial Information

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.

Namo eWaste Management IPO Reservation

Namo eWaste Management IPO Timeline

Namo eWaste Management IPO opens on September 4, 2024, and closes on September 6, 2024.