Namo eWaste Management is scheduled to hit the market on September 4, 2024 and close on September 6, 2024. Namo eWaste Management plans to raise around ₹51.20 Cr through an IPO with a sale of up to 6,024,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Namo eWaste Management Limited, established in 2014, specializes in the collection, disposal, and recycling of electronic waste. The company is certified under multiple ISO standards, including ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018. Its service offerings encompass electronics recycling, refurbishment, and extended producer responsibility (EPR) services, targeting a wide range of Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, and fans.
The company operates from a factory located in Faridabad, Haryana, India, covering an area of 2,566 square meters. Additionally, it has a storage and dismantling unit in Palwal, Haryana, spanning 16,010 square meters. As of March 31, 2024, Namo eWaste Management employs approximately 48 individuals dedicated to its mission of sustainable e-waste management.
Namo eWaste Management IPO Details
Namo eWaste Management IPO opens on September 4, 2024, and closes on September 6, 2024. The Listing date for Namo eWaste Management IPO is on September 11, 2024. The price band for IPO is ₹80 to ₹85 per share and lot size of 1600 Shares.
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | September 11, 2024 |
| Price | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹51.20 Cr |
| Face Value | ₹10 per share |
Namo eWaste Management IPO Tentative Timetable
Namo eWaste Management opening date is September 4, 2024 and close date is September 6, 2024. The IPO allotment date is September 9, 2024. Therefund initiation of IPO is on September 10, 2024. The credit of shares in demat account is on September 10, 2024. The listing date is on September 11, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 4, 2024 |
| IPO Closing | September 6, 2024 |
| IPO Allotment Date | September 9, 2024 |
| Refund Initiation | September 10, 2024 |
| Shares Credit to Demat | September 10, 2024 |
| Lisiting Date | September 11, 2024 |
Namo eWaste Management IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹136,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹136,000 |
| Retail(Maximum) | 1 | 1600 | ₹136,000 |
| HNI (Minimum) | 2 | 3200 | ₹272,000 |
Namo eWaste Management IPO Promoter Holding
| Pre Issue Share Holding | 93.67% |
| Post Issue Share Holding | 68.99% |
Namo eWaste Management IPO Review
The company is launching its IPO using a book-building method. They will offer 6,024,000 shares at a price of Rs. 10 each to raise Rs. 51.20 crore at the highest price. The issue makes up 26.34% of the company's paid-up capital after the IPO. From the money raised in the IPO, the company will use Rs. 22.00 crore for working capital, Rs. 11.20 crore for investment in its subsidiary Techeco Waste Management, and the remaining amount for general company expenses.
After the IPO, the company’s current paid-up equity capital of Rs. 16.84 crore will increase to Rs. 22.87 crore. Based on the highest price set for the IPO, the company aims to achieve a market value of Rs. 194.37 crore.
In the last three financial years, the company has shown the following financial results:
- FY22: Total income of Rs. 45.09 crore and net profit of Rs. 1.81 crore.
- FY23: Total income of Rs. 58.56 crore and net profit of Rs. 2.42 crore.
- FY24: Total income of Rs. 101.08 crore and net profit of Rs. 6.83 crore.
Over these three years, the average earnings per share (EPS) is Rs. 2.91, and the average return on net worth (RoNW) is 13.72%.
The company's shares are priced at a price-to-book value (P/BV) of 3.80 based on a net asset value (NAV) of Rs. 22.38 as of March 31, 2024. After the initial public offering (IPO), the P/BV drops to 2.25 based on a post-IPO NAV of Rs. 37.81 per share (at the higher end).
If we attribute FY24 earnings to its post-IPO fully diluted paid-up capital, then the asking price is at a P/E of 28.43. Thus the issue relatively appears aggressively priced.
For the reported periods, the company has posted PAT margins of 4.04% (FY22), 4.13% (FY23), 6.77% (FY24), and RoCE margins of 8.17%, 11.31%, 20.71% respectively for the referred periods.
The company is involved in collecting, disposing of, and recycling electronic waste, which is a very competitive and scattered market. It has shown consistent growth in both its sales and profits over the reported periods. Based on the earnings from FY24, the stock seems to be priced quite high. Wise investors might consider investing some money for the long term.
Namo eWaste Management IPO Subscription Status (Bidding Details)
Table not foundNamo eWaste Management IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Namo eWaste Management IPO FAQs
What is Namo eWaste Management IPO?
Namo eWaste Management is issuing 6,024,000 equity shares with a face value of ₹10 each, totaling up to ₹51.20 Cr. The shares are being offered at a price of ₹80 to ₹85 each, with a minimum order quantity of 1600 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Namo eWaste Management IPO will open?
Namo eWaste Management will open on September 4, 2024 for QIB, NII, and Retail Investors.
When Namo eWaste Management IPO will end?
Namo eWaste Management will end on September 06, 2024.
What is Namo eWaste Management IPO Size?
Namo eWaste Management IPO size is ₹51.20 Cr.
What is Namo eWaste Management IPO Price Band?
Namo eWaste Management price band is ₹80 to ₹85 per share.
What is the Namo eWaste Management IPO Allotment Date?
Namo eWaste Management allotment date is September 09, 2024.
What is the Namo eWaste Management IPO Listing Date?
Namo eWaste Management listing date is September 11, 2024. The IPO is to be listed on BSE and NSE.
How to Namo eWaste Management IPO through Zerodha?
To apply for the IPO “Namo eWaste Management” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Namo eWaste Management IPO through Upstox?
To apply for the IPO “Namo eWaste Management” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Namo eWaste Management IPO Allotment Status?
For Namo eWaste Management IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Namo eWaste Management IPO GMP?
You can check out here: Namo eWaste Management IPO GMP. Check all IPO GMP here.