Namo eWaste Management IPO Subscription Status

Namo eWaste Management's initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three days. Starting strongly on day one, the IPO witnessed a surge in demand, resulting in an impressive 69.98 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Namo eWaste Management's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 4th September 2024, has seen increasing investor participation across all categories. The retail segment, in particular, has shown exceptional demand, while the Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) categories have also demonstrated solid interest.

This enthusiastic response to Namo eWaste Management IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the e-waste management sector. The company's focus on providing comprehensive services for collecting, disposing, and recycling e-waste appears to have resonated well with investors looking for exposure to India's growing environmental services industry.

Subscription Status of Namo eWaste Management IPO for Days 1, 2, and 3:

On day 1, Namo eWaste Management IPO was subscribed 13.17 times. By the end of day 2, the subscription status had risen to 33.26 times; on day 3, it reached 69.98 times.

Here are the subscription details for Namo eWaste Management IPO as of Day 3 (6th September 2024 at 12:45:59 PM):

Total Applications: 121,627

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• ** The portion of anchor investors is not included in the total number of shares offered.
• *** Market Maker portion is not included in NII/HNI.

Key Highlights:

• The IPO of Namo eWaste Management is currently subscribed 69.98 times, with strong demand across investor categories.
• Retail investors have shown overwhelming interest, with a subscription ratio of 97.15 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 75.59 times.
• Qualified Institutional Buyers (QIB) have shown solid interest, with a subscription ratio of 18.18 times.
• The overall subscription trend significantly increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Namo eWaste Management IPO - Day 2 Subscription at 33.26 Times

Key Highlights:

• On Day 2, Namo eWaste Management's IPO was subscribed 33.26 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 50.37 times, nearly tripling their subscription from the previous day.
• The Non-Institutional Investors (NII) category subscription improved to 25.69 times, showing growing interest from this segment.
• Qualified Institutional Buyers (QIB) maintained steady interest with a subscription ratio of 9.01 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Namo eWaste Management IPO - Day 1 Subscription at 13.17 Times

Key Highlights:

• On Day 1, Namo eWaste Management's IPO was subscribed 13.17 times, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 17.55 times, indicating positive sentiment among individual investors.
• Qualified Institutional Buyers (QIB) showed solid initial interest with a subscription ratio of 9.00 times.
• Non-Institutional Investors (NII) showed initial interest with a subscription ratio of 8.51 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Namo eWaste Management IPO:

Namo eWaste Management Limited, founded in 2014, is a comprehensive service provider for collecting, disposing, and recycling e-waste. The company is ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified, offering a wide range of services for recycling Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, and more.

The company's services include electronics recycling, refurbishment, and extended producer responsibility (EPR) services. Namo eWaste Management operates from two key facilities: a 2566-square-meter leased factory in Faridabad, Haryana, India, and a 16,010-square-meter storage and dismantling unit in Palwal, Haryana, India.
As of 31st March 2024, the company employed approximately 48 people, indicating a lean and efficient operational structure. This focused approach allows Namo eWaste Management to maintain high service standards while keeping operational costs in check.

Highlights of the Namo eWaste Management IPO:

• IPO Date: 4th September 2024 to 6th September 2024
• Listing Date: 11th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹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
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Maashitla Securities Private Limited
• Market Maker: Hem Finlease