Bookbuilding IPO | ₹51 Cr | Listed at NSE SME | Wed, Sep 4, 2024 - Fri, Sep 6, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,36,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 4, 2024
IPO Close
Fri, Sep 6, 2024
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹194.37 Cr
| IPO Date | 4 to 6 Sep, 2024 |
| Listed on | Wed, Sep 11, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,24,000 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 3,02,400 shares Hem Finlease Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 57,21,600 shares (agg. up to ₹49 Cr) |
| Net Offered to Public | 57,21,600 shares (agg. up to ₹49 Cr) |
| Share Holding Pre Issue | 1,68,43,515 shares |
| Share Holding Post Issue | 2,28,67,515 shares |
| NSE Symbol | NAMOEWASTE |
| ISIN | INE08NZ01012 |
Namo eWaste Management IPO comprises a total issue size of 60,24,000 shares. The net offer to the public is 57,21,600 shares, after excluding 3,02,400 shares allotted on a firm basis. Of the Net offer 28,59,200 (49.97%) are allocated to QIB, 8,59,200 (15.02%) allocated to NII 20,03,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,59,200 | 49.97% | 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 | 15.02% | 14.26% |
| Retail Shares Offered | 20,03,200 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,02,400 | 5.02% | |
| Total Shares Offered | 60,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Namo eWaste Management IPO raises ₹14.58 crore from anchor investors. Namo eWaste Management IPO Anchor bid date is September 3, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 3, 2024 |
| Shares Offered | 17,15,200 |
| Anchor Portion (₹ Cr.) | 14.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 8, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 62.75 | 39.12 | 41.74 |
| Total Income | 101.08 | 58.56 | 45.09 |
| Profit After Tax | 6.83 | 2.42 | 1.81 |
| NET Worth | 35.26 | 28.15 | 25.77 |
| Reserves and Surplus | 18.42 | 21.09 | 18.72 |
| Total Borrowing | 14.53 | 3.45 | 5.98 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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. | 11.20 |
| 2 | To Meet Working Capital Requirement | 22.00 |
| 3 | General Corporate Purpose | 11.83 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 21.54% |
| ROCE | 20.71% |
| Debt/Equity | 0.41 |
| RoNW | 19.37% |
| PAT Margin | 6.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.05 | 2.99 |
| P/E (x) | 20.96 | 28.46 |
| Promoter Holding | 93.67% | 68.99% |
| Market Cap | ₹194.37 Cr. |
The Namo eWaste Management IPO is subscribed 225.64 times on September 6, 2024 6:19:59 PM (Day 3). The public issue subscribed 195.54 times in the retail category, 151.75 times in the QIB category, and 394.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 151.75 | 11,44,000 | 17,36,03,200 |
| NII* | 394.2 | 8,59,200 | 33,87,00,800 |
| Retail | 195.54 | 20,03,200 | 39,16,99,200 |
| Total | 225.64 | 40,06,400 | 90,40,03,200 |
Total Application : 2,44,812
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the LM and commissions (including underwriting commission, brokerage and selling commission) | 1.14 |
| 2 | Fees payable for Marketing and advertisement, Brokerage and Selling commission | 1.06 |
| 3 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank(s) for Applications made by RIIs. Brokerage, underwriting commission and selling commission and applying charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs ((2)(3)(4)(5)(6) | 0.20 |
| 4 | Fees payable to the Registrar of the Offer | 0.08 |
| 5 | Other Expenses | |
| 6 | a. Listing fees, SEBI fees, Stock Exchange processing fees, ASBA software fees, and other regulatory expenses | 0.05 |
| 7 | b. Printing and distribution of Offer Stationery | 0.02 |
| 8 | d. Fees payable to the Legal Advisor to the Offer | 0.05 |
| 9 | e. Miscellaneous | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹161.50 |
| Low | ₹161.50 |
| High | ₹169.55 |
| Last Trade | ₹169.55 |
Lead Manager Reports
Namo eWaste Management IPO is a SME IPO of 60,24,000 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 4, 2024, and closes on Fri, Sep 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 Wed, Sep 4, 2024 and closes on Fri, Sep 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 Tue, Sep 10, 2024. Check the Namo eWaste Management IPO allotment status.
The Namo eWaste Management IPO listing date is on Wed, Sep 11, 2024.
