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Namo eWaste Management IPO is a book build issue of ₹51.20 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹51.20 crore.
Namo eWaste Management IPO bidding started from Sep 4, 2024 and ended on Sep 6, 2024. The allotment for Namo eWaste Management IPO was finalized on Sep 9, 2024. The shares got listed on NSE SME on Sep 11, 2024.
Namo eWaste Management IPO price band is set at ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,72,000.
Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Namo eWaste Management IPO RHP for detailed Information.
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | September 11, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,24,000 shares (aggregating up to ₹51.20 Cr) |
| Reserved for Market Maker | 3,02,400 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.57 Cr) |
| Net Offered to Public | 57,21,600 shares (aggregating up to ₹48.63 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,68,43,515 shares |
| Share Holding Post Issue | 2,28,67,515 shares |
Namo eWaste Management IPO offers total 60,24,000 shares. Out of which 28,59,200 (47.46%) allocated to QIB, 11,44,000 (18.99%) allocated to QIB, 8,59,200 (14.26%) allocated to NII, 20,03,200 (33.25%) allocated to RII and 17,15,200 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,02,400 (5.02%) |
| QIB Shares Offered | 28,59,200 (47.46%) |
| − Anchor Investor Shares Offered | 17,15,200 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 11,44,000 (18.99%) |
| NII (HNI) Shares Offered | 8,59,200 (14.26%) |
| Retail Shares Offered | 20,03,200 (33.25%) |
| Total Shares Offered | 60,24,000 (100.00%) |
Namo eWaste Management IPO raises ₹14.58 crore from anchor investors. Namo eWaste Management IPO Anchor bid date is September 3, 2024. Namo eWaste Management IPO Anchor Investors list
| Bid Date | September 3, 2024 |
| Shares Offered | 17,15,200 |
| 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 | Wed, Sep 4, 2024 |
| IPO Close Date | Fri, Sep 6, 2024 |
| Tentative Allotment | Mon, Sep 9, 2024 |
| Initiation of Refunds | Tue, Sep 10, 2024 |
| Credit of Shares to Demat | Tue, Sep 10, 2024 |
| Tentative Listing Date | Wed, Sep 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 6, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,36,000 |
| Retail (Max) | 1 | 1,600 | ₹1,36,000 |
| HNI (Min) | 2 | 3,200 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹194.37 Cr.
KPI as of Sun, Mar 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...
| Listing Date | September 11, 2024 |
| BSE Script Code | |
| NSE Symbol | NAMOEWASTE |
| ISIN | INE08NZ01012 |
| Final Issue Price | ₹85 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹161.50 |
| Low | ₹161.50 |
| High | ₹169.55 |
| Last Trade | ₹169.55 |
Namo eWaste Management Ltd.
B-91, Private No. A-6, Basement,
Main Road, Kalkaji, South Delhi,
New Delhi-110019
New Delhi, New Delhi
Phone: +91-129-4315187
Email: cs@namoewaste.com
Website: http://www.namoewaste.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Namo eWaste Management IPO is a SME IPO of 60,24,000 equity shares of the face value of ₹10 aggregating up to ₹51.20 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on September 4, 2024, and closes on September 6, 2024.
Maashitla Securities Pvt.Ltd. 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, and the minimum amount required for application is ₹1,36,000.
You can apply in Namo eWaste Management IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Namo eWaste Management IPO listing date is on Wednesday, September 11, 2024.
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