Last updated on September 11, 2024
Namo eWaste IPO description – The company specializes in the collection, disposal, and recycling of e-waste, providing comprehensive services for recycling electrical and electronic equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, and more. Namo eWaste Management is dedicated to handling large volumes of EEE waste and is capable of extracting all components from electrical items, including valuable and semi-precious metals like copper, aluminum, and iron.
Namo eWaste Management operates a rented factory in Faridabad, Haryana, and also has a Storage and Dismantling Unit on rent in Palwal, Haryana. The Faridabad factory is equipped with the necessary infrastructure, including machinery and handling equipment, to ensure a smooth recycling process. As of 31 March 2024, the company employs approximately 48 people, including semi-skilled staff, across various levels of the organization.
Currently, Namo eWaste markets its products across approximately 20 states and Union Territories in India, with the majority of its revenue generated from Haryana, Delhi, and Maharashtra. Other states contributing to its market include Tamil Nadu, Uttar Pradesh, Rajasthan, Gujarat, West Bengal, Punjab, Uttarakhand, and Chandigarh, among others.
Promoters of Namo eWaste Management – Akshay Jain, and Rachna Jain
Table of Contents
Namo eWaste IPO Details
| Namo eWaste IPO Dates | 4 – 6 September 2024 |
| Namo eWaste Issue Price | INR 80 – 85 per share |
| Fresh issue | 60,24,000 shares (INR 48.19 – 51.20 crore) |
| Offer For Sale | NIL |
| Total IPO size | 60,24,000 shares (INR 48.19 – 51.20 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,36,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Namo eWaste Financial Performance
| Â | FY 2022* | FY 2023* | FY 2024 |
| Revenue | 44.78 | 58.45 | 100.93 |
| Expenses | 42.67 | 55.33 | 91.94 |
| Net income | 1.81 | 2.42 | 6.83 |
* All Standalone Data
Namo eWaste Offer News
- Namo eWaste RHP
- Namo eWaste Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Namo eWaste Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.24 | 1.62 | 4.33 |
| PE ratio | – | – | 18.48 – 19.63 |
| RONW (%) | 7.02 | 8.58 | 19.37 |
| NAV | 17.60 | 18.87 | 22.38 |
| ROCE (%) | 8.17 | 11.31 | 20.71 |
| EBITDA (%) | 5.79 | 6.61 | 11.07 |
| Debt/Equity | 0.23 | 0.12 | 0.41 |
Namo eWaste IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 September 2024 | 55 | – | 61,000 |
| 9 September 2024 | 50 | – | 55,000 |
| 7 September 2024 | 50 | – | 55,000 |
| 6 September 2024 | 50 | – | 55,000 |
| 5 September 2024 | 50 | – | 55,000 |
| 4 September 2024 | 50 | – | 55,000 |
| 3 September 2024 | 55 | – | 60,000 |
| 2 September 2024 | 55 | – | 60,000 |
| 31 August 2024 | 55 | – | 60,000 |
Namo eWaste IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,44,000 | 8,59,200 | 20,03,200 | 40,06,400 |
| 6 Sep 2024 | 151.75 | 394.56 | 195.53 | 225.71 |
| 5 Sep 2024 | 9.01 | 25.94 | 49.47 | 32.87 |
| 4 Sep 2024 | 9.00 | 8.39 | 17.09 | 12.92 |
The market maker reservation portion of 3,02,400 equity shares and anchor allocation of 17,15,200 shares are not included in the above calculations.
Namo eWaste IPO Allotment Status
Namo eWaste IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Namo eWaste IPO Dates & Listing Performance
| IPO Opening Date | 4 September 2024 |
| IPO Closing Date | 6 September 2024 |
| Finalization of Basis of Allotment | 9 September 2024 |
| Initiation of refunds | 10 September 2024 |
| Transfer of shares to demat accounts | 10 September 2024 |
| IPO Listing Date | 11 September 2024 |
| Opening Price on NSE SME | INR 161.50 per share (up 90%) |
| Closing Price on NSE SME | INR 169.55 per share (up 99.47%) |
Namo eWaste Offer Lead Manager
HEM SECURITIES LIMITED
904, A wing, 9 Floor, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400 013.
Phone: +91- 22- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Namo eWaste Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone:Â +91-11-45121795
Email: [email protected]
Website:Â www.maashitla.com
Namo eWaste Issue Contact Details
NAMO EWASTE MANAGEMENT LIMITED
14/1, Main Mathura Road,
Faridabad-121003, Haryana
Phone: +91-129-4315187
E-mail: [email protected]
Website: www.namoewaste.com
IPO FAQs
What is Namo eWaste offer size?
Namo eWaste offer size is INR 48.19 – 51.20 crores.
What is Namo eWaste offer price band?
Namo eWaste public offer price is INR 80 – 85 per share.
What is the lot size of Namo eWaste IPO?
Namo eWaste offer lot size is 1,600 shares.
What is Namo eWaste IPO GMP today?
Namo eWaste IPO GMP today is INR 55 per share.
What is Namo eWaste kostak rate today?
Namo eWaste kostak rate today is INR NA per application.
What is Namo eWaste IPO Subject to Sauda rate today?
Namo eWaste Subject to Sauda rate today is INR 61,000 per application.
