Namo eWaste IPO Allotment Status

Summary

Namo eWaste Management IPO has garnered an exceptional response from investors, closing with a remarkable subscription of 225.64 times by 6th September 2024 at 5:39:59 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 394.20 times, reflecting significant interest from wealthy individual investors and smaller institutions.

The Qualified Institutional Buyers (QIB) category demonstrated robust engagement, subscribing 151.75 times, indicating strong confidence from institutional investors in Namo eWaste Management's market potential. Retail investors also showed solid interest, with the IPO being subscribed 195.54 times in this category. This extraordinary response across all categories underscores the strong market enthusiasm for Namo eWaste Management's offering and suggests positive investor sentiment towards the company's growth prospects.

How to Check Namo eWaste IPO Allotment Status:

How do you Check Namo eWaste IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Maashitla Securities Private Limited.  (https://maashitla.com/allotment-status/public-issues)

Step 2: From the selection menu, choose Namo eWaste IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Namo eWaste IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Namo eWaste IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Namo eWaste Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Namo eWaste IPO Timeline:

Namo eWaste IPO Subscription Status

The Namo eWaste Management IPO received 225.64 subscriptions. By 6th September 2024 at 5:39:59 PM (Day 3), the public issue had been subscribed 195.54 times in the retail category, 151.75 times in the QIB category, and 394.20 times in the NII category.

Subscription Day 3 (as of 5:39:59 PM)
Total Subscription: 225.64 times.
QIBs: 151.75 times.
Non-institutional investors: 394.20 times.
Retail investors: 195.54 times.

Subscription Day 2
Total Subscription: 33.26 times.
QIBs: 9.01 times.
Non-institutional investors: 25.69 times.
Retail investors: 50.37 times.

Subscription Day 1
Total Subscription: 13.17 times.
QIBs: 9.00 times.
Non-institutional investors: 8.51 times.
Retail investors: 17.55 times.

Namo eWaste IPO Details

Namo eWaste Management's initial public offering (IPO) is a book-built issue amounting to ₹51.20 crores. This offering consists entirely of a fresh issue of 60.24 lakh shares.

The bidding process for the Namo eWaste Management IPO commenced on 4th September 2024 and concluded on 6th September 2024. The allotment results for this IPO are anticipated to be finalised on 9th September 2024. Furthermore, the shares of Namo eWaste Management are set to be listed on the NSE SME, with a provisional listing date scheduled for 11th September 2024.

The Namo eWaste Management IPO price range has been established between ₹80 and ₹85 per share. Investors must apply for a minimum lot size of 1600 shares, which requires a minimum investment of ₹136,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (3,200 shares), totalling ₹272,000.
Hem Securities Limited is the book-running lead manager for the Namo eWaste Management IPO, and Maashitla Securities Private Limited is designated as the registrar.