Namo eWaste Management Limited IPO

NiftyTrader • September 3, 2024

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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

IPO Date	September 4, 2024 to September 6, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	16,843,515
Shareholding post-issue	22,867,515
Market Maker portion	302,400 shares

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.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹136,000
Retail (Max)	1	1600	₹136,000
S-HNI (Min)	2	3200	₹272,000

Namo eWaste Management IPO Objectives

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

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.

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

Namo eWaste Management IPO Reservation

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 Timeline

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
A 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