Namo eWaste Management IPO Details: The Namo eWaste Management IPO will open on September 4, 2024, and close on September 6, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹61.25 crores. The offering consists entirely of a fresh issue of ₹61.25 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO is priced in a range of ₹80 to ₹85 per share. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIB) is 50%, and for High Net-worth Individuals (HNI) is 15%. Namo eWaste Management’s shares are scheduled to be listed on the NSE on September 11, 2024, with the IPO allotment date set for September 9, 2024.
Financial Performance
In 2023, Namo eWaste Management reported a revenue of ₹58.56 crores, up from ₹45.09 crores in 2022. The company’s profit increased to ₹2.42 crores in 2023, compared to ₹1.81 crores in the previous year. Based on the financials, the IPO presents a promising opportunity for long-term investors.
Promoters of Namo eWaste Management
The company is promoted by Akshay Jain and Rachna Jain.
About Namo eWaste Management
Namo eWaste Management is a leading player in the recycling of electrical and electronic equipment (EEE) waste in India, offering comprehensive and responsible recycling services. The company processes large volumes of high-quality EEE waste. Products that are still functional but considered outdated undergo refurbishing, which includes testing, repairing, and cleaning to restore them to a usable condition. They specialize in handling IT products from brands like Apple, HP, Lenovo, Dell, and others.
Namo eWaste Management’s factory, located in Faridabad, Haryana, focuses on the extraction of valuable components from electrical items, including precious and semi-precious metals like copper, aluminum, and iron.
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.
Namo eWaste Management IPO Review (Apply or Not)
- May Apply
Namo eWaste Management IPO Date & Price Band Details:
| IPO Open Date: | September 4, 2024 |
| IPO Close Date: | September 6, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹80 to ₹85 Per Share |
| Issue Size: | Approx ₹61.25 Crores |
| Fresh Issue: | Approx ₹61.25 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Namo eWaste Management IPO Lot Size:
The minimum market lot for the Namo eWaste Management IPO is 1,600 shares, requiring an application amount of ₹136,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹136,000 |
| Retail Maximum | 2 | 1600 | ₹136,000 |
| HNI Minimum | 3 | 3200 | ₹272,000 |
Namo eWaste Management IPO Timeline:
The Namo eWaste Management IPO will open on August 27 and close on August 29. The allotment of shares will be finalized on August 30, with the IPO expected to be listed on September 3.
| IPO Open Date: | September 4, 2024 |
| IPO Close Date: | September 6, 2024 |
| Basis of Allotment: | September 9, 2024 |
| Refunds: | September 10, 2024 |
| Credit to Demat Account: | September 10, 2024 |
| IPO Listing Date: | September 11, 2024 |
Namo eWaste Management IPO GMP Today:
The last Grey Market Premium (GMP) for the Namo eWaste Management SME IPO is ₹50. With a price band of ₹85 per share, the estimated listing price is around ₹135 (cap price + today’s GMP). This suggests an expected gain of approximately 58.82% per share.
Namo eWaste Management Company Financial Report
The company reported revenue of 58.56 crores in 2023 against ₹45.09 crores in 2023. The company reported a profit of ₹2.42 crores in 2023 against a profit of ₹1.81 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹45.09 | ₹42.67 | ₹1.81 | ₹41.74 |
| 2023 | ₹58.56 | ₹55.33 | ₹2.42 | ₹39.12 |
| 2024 | ₹101.08 | ₹91.94 | ₹6.83 | ₹62.75 |
Namo eWaste Management IPO Valuation – FY2024
Check Namo eWaste Management IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 8.96% |
| ROCE: | 11.31% |
| EBITDA Margin: | 6.61% |
| PAT Margin: | 4.13% |
| Debt to equity ratio: | 0.12 |
| Earning Per Share (EPS): | ₹4.33 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.37% |
| Net Asset Value (NAV): | ₹22.38 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Eco recycling Ltd. | 3.21 | 185.87 | 13.51% | 23.75 | 21.53 Cr. |
| Cerebra Integrated Technologies Ltd. | 2.31 | 3.25 | 0.97% | 23.06 | 86.72 Cr. |
Namo eWaste Management IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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/
Namo eWaste Management IPO FAQs
1. What are the key dates for the Namo eWaste Management IPO?
- IPO Open Date: August 27, 2024
- IPO Close Date: August 29, 2024
- Allotment Date: August 30, 2024
- Listing Date: September 3, 2024
2. What is the price band for the Namo eWaste Management IPO? The price band for the IPO is ₹80 to ₹85 per share.
3. What is the minimum lot size and application amount for the IPO? The minimum market lot is 1,600 shares, with an application amount of ₹136,000.
4. How is the Namo eWaste Management IPO allocated?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-worth Individuals (HNIs): 15%
5. What is the estimated listing price and potential gain? With a Grey Market Premium (GMP) of ₹50 and a price band of ₹85, the estimated listing price is around ₹135. This implies an expected gain of approximately 58.82% per share.
6. What are the company’s financial highlights? In 2023, Namo eWaste Management reported a revenue of ₹58.56 crores and a profit of ₹2.42 crores, up from ₹45.09 crores in revenue and ₹1.81 crores in profit in 2022.
7. Who are the promoters of Namo eWaste Management? The company is promoted by Akshay Jain and Rachna Jain.
8. What services does Namo eWaste Management offer? Namo eWaste Management specializes in recycling electrical and electronic equipment (EEE) waste. They refurbish functional but outdated electronic products and extract valuable components such as copper, aluminum, and iron from discarded items.
9. Where is Namo eWaste Management’s processing facility located? The company’s processing facility is located in Faridabad, Haryana.
10. How can I apply for the Namo eWaste Management IPO? Investors can apply for the IPO through their bank or brokerage accounts using the ASBA (Application Supported by Blocked Amount) process or other applicable methods provided by SEBI.
