Namo eWaste Management Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 80 to ₹ 85 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 72,06,000 shares (aggregating up to ₹ 61.25 Cr) |
| Fresh Issue | 72,06,000 shares (aggregating up to ₹ 61.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,68,43,515 |
| Share holding post issue | 2,40,49,515 |
| Market Maker portion | 3,02,400 shares |
About Namo eWaste Management Limited IPO And Its GMP
Namo eWaste Management Limited is an E-Waste collection, disposal and recycling company that offers comprehensive services for recycling electrical and electronic equipment (EEE) waste like Air Conditioners, refrigerators, Laptops, Phones, Washing Machines, Fans etc.
They are an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, complying with strict environmental regulations regarding handling hazardous products and disposing of them safely to keep our environment green. They are committed to managing large volumes of electrical and electronic equipment waste and can extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc.
- IPO OVERVIEW
- Issue Type: ₹51.20 crores
- Type: Fresh issue of shares
- Total Shares Offered: 60.24 lakh shares
- Price Band: ₹80 to ₹85 per share
- Minimum Lot Size: 1600 shares
- IPO Subscription Dates: September 4, 2024 to September 6, 2024
- Book Running Lead Manager: Hem Securities Limited
- Registrar: Maashitla Securities Private Limited
- Market Maker: Hem Finlease
Company & Financials
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:
- 1.Electronics recycling
- 2.Refurbishment
- 3.Extended producer responsibility (EPR) services
- 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.
Objectives of Namo eWaste Management IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 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.
- 2. To Meet Working Capital Requirement.
- 3. General Corporate Purpose.
Namo eWaste Management IPO Review
The company is operating in eWaste collection, disposal recycling and related services, which is a highly competitive and fragmented segment. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears aggressively priced. Well-informed investors may park moderate funds for the long term.
Namo eWaste Management Limited IPO And Its GMP Financial Information
Latest Revenue
10,107.62
₹ Crore
Profit After Tax
682.9
₹ Crore
Net Worth
3,526.17
₹ Crore
Total Borrowing
1,453.24
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 6,274.74 | 10,107.62 | 682.9 | 3,526.17 | 1,453.24 | ||||
| 31 Mar 2023 | 3,912.26 | 5,856.07 | 241.56 | 2,814.76 | 344.73 | ||||
| 31 Mar 2022 | 4,174.34 | 4,509 | 180.89 | 2,577.21 | 598.1 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹85 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹75 and a lot size of 1600 shares.
Namo eWaste Management Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-10 | ₹85 | ₹75.0 (88%) | 2024-09-10 |
Namo eWaste Management Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.54% |
| ROCE | 20.71% |
| Debt/Equity | 0.41 |
| RoNW | 19.37% |
| PAT Margin (%) | 6.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.43 | 1 |
| P/E (x) | 59.27 | 84.63 |
Frequently Asked Questions
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Competitive Strengths
Namo eWaste Management Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Wednesday, September 4, 2024 |
| IPO Close Date | Friday, September 6, 2024 |
| Basis of Allotment | Monday, September 9, 2024 |
| Initiation of Refunds | Tuesday, September 10, 2024 |
| Credit of Shares to Demat | Tuesday, September 10, 2024 |
| Listing Date | Wednesday, September 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 6, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3200 | ₹272,000 |