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Namo eWaste Management IPO

  • Status: Closed
  • RHP:
  • ₹ 128,000 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    11 Sep 2024

  • Listing Price

    ₹ 161.50

  • Listing Change

    -

  • Last Traded Price

    ₹ 224.00

IPO Details

  • Open Date

    04 Sep 2024

  • Close Date

    06 Sep 2024

  • IPO Price Range

    ₹ 80 to ₹ 85

  • IPO Size

    ₹ 51.20 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    11 Oct 2024

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IPO Timeline

Namo eWaste Management IPO Subscription Status

Last Updated: 06 September 2024 6:17 PM by 5Paisa

Last Updated: 6th September 2024, 4:30 PM by 5paisa

Namo eWaste Management IPO is set to open on 04 September 2024 and will close on 06 September 2024. The company specializes in recycling electronic items like air conditioners, fridges, laptops, phones, washing machines, and fans.

The IPO includes a fresh issue of  60.24 lakh shares aggregating up to ₹51.20 Cr. The price band is ₹80 to ₹85 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalised on 09 September 2024. It will go public on NSE SME, with a tentative listing date of 11 September 2024.

Hem Securities Limited is the book-running lead manager, while Maashitla Securities Private Limited is the registrar. 

Namo eWaste IPO Size

Types Size (₹Cr)
Total IPO Size 51.20
Offer For Sale -
Fresh Issue 51.20

 

Namo eWaste IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹136,000
Retail (Max) 1 1600 ₹136,000
HNI (Min) 2 3,200 ₹272,000

 

Namo eWaste IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 151.75 11,44,000 17,36,03,200 1,475.63
NII (HNI) 393.92 8,59,200 33,84,59,200 2,876.90
Retail 188.09 20,03,200 37,67,77,600 3,202.61
Total 221.86 40,06,400 88,88,40,000 7,555.14

 

Namo eWaste IPO Anchor Allocation

Anchor Bid Date 3 September, 2024
Shares Offered 1,715,200
Anchor Portion Size (In ₹ Cr.) 14.58
Anchor lock-in period end date for 50% shares (30 Days) 9 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 8 December, 2024

 

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Capital expenditure needs for subsidiary's
 

Namo eWaste Management Limited, established in 2014, provides services for the collection, disposal, and recycling of electronic waste. The company handles various types of Electrical and Electronic Equipment (EEE), including items like air conditioners, refrigerators, laptops, phones, washing machines, and fans. Their service range covers the entire process, from collecting e-waste to responsibly recycling or refurbishing it, ensuring minimal environmental impact.

Namo eWaste Management is distinguished by its multiple ISO certifications, including ISO 9001:2015 , ISO 14001:2015, ISO 45001:2018, ISO 27001:2022 . These certifications highlights the company's commitment to maintaining high standards across its operations.

Their services primarily focus on two key areas electronics recycling, where they process and recycle e-waste to extract valuable materials and reduce landfill impact, and refurbishment, where they restore used electronics for reuse, extending the life cycle of these products. By offering these services, Namo eWaste Management not only helps in reducing the environmental footprint of e-waste but also contributes to a more sustainable use of electronic devices.

Peers

● Eco Recycling Limited
● Cerebra Integrated Technology Limited 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 101.08 58.56 45.09
EBITDA 11.18 3.86 2.59
PAT 6.83 2.42 1.81
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 62.75 39.12 41.74
Share Capital 16.84 4.56 4.56
Total Borrowings 14.53 3.45 5.98
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -9.51 4.83 3.06
Net Cash Generated From / (used in) investing activities 0.15 -2.08 -8.34
Net Cash Generated From / (used in) financing activities 9.91 -2.84 5.04
Net Increase (Decrease) In Cash And Cash Equivalents 0.55 -0.93 -0.24


Strengths

1. A specialised company that collects, manages, and recycles e-waste in its own factory.  
2. Strict quality checks to ensure high and consistent product standards.  
3. Revenue comes from various locations, not just one place.  
4. A management team that combines fresh talent with experienced leaders. 

Risks

1. Risks from failing to meet environmental regulations.
2. Volatility in prices of recovered materials affecting profitability.
3. Need to keep up with rapid technological advancements.
4. Intense competition affects market share and margins.
 

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FAQs

Namo eWaste Management IPO opens from 04th September to 06th September 2024.

The size of the Namo eWaste Management IPO is ₹51.20 Cr.

The price band of Namo eWaste Management IPO is fixed at ₹80 to ₹85 per share. 

To apply for Namo eWaste Management IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Namo eWaste Management IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Namo eWaste Management IPO is 1600 shares and the investment required is ₹1,28,000.

The share allotment date of Namo eWaste Management IPO is 09th September 2024

The Namo eWaste Management IPO will be listed on 11th September 2024.

Hem Securities Limited is the book-running lead manager for Namo eWaste Management IPO.
 

Namo eWaste Management plans to utilise the raised capital from the IPO for:

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Capital expenditure needs for subsidiary's