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Namo Ewaste Management Ltd IPO: Things Smart Investors Need to Know

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Namo Ewaste Management Limited, incorporated in 2014, is a specialized service provider in the collection, disposal, and recycling of e-waste. The company handles a wide range of electronic waste, including items such as air conditioners, refrigerators, laptops, and other consumer electronics. With a focus on environmental sustainability, Namo Ewaste Management is committed to ensuring the proper disposal and recycling of electronic waste, thereby contributing to reducing the environmental impact of e-waste.

The Namo Ewaste Management Ltd IPO is set to open from 4th to 6th September 2024, with a listing on the NSE-SME platform scheduled for 11th September 2024. The IPO is priced in the range of ₹80 to ₹85 per share, with a minimum investment requirement of ₹1,36,000 for one lot of 1600 shares. The total issue size is ₹51.2 crores, which will be raised through a fresh issue, as there is no offer for sale component in this IPO.

Investors interested in sustainable and environmentally conscious investments may find this IPO particularly appealing, as Namo Ewaste Management Limited operates in a growing industry with increasing regulatory support for responsible e-waste management.

Industry Outlook of Namo Ewaste Management Ltd IPO

Growth Potential: The e-waste management industry in India is growing rapidly due to increasing awareness of environmental concerns and strict regulations imposed by the government. The sector is expected to see significant growth in the coming years as the volume of e-waste generated continues to rise.

Government Initiatives: The Indian government has introduced various initiatives to promote e-waste management, including the Extended Producer Responsibility (EPR) framework, which mandates manufacturers to ensure proper disposal of electronic waste.

Market Demand: With the increasing penetration of electronics and rapid technological advancements, the demand for effective e-waste management solutions is at an all-time high. Companies like Namo Ewaste Management Ltd are well-positioned to capitalize on this demand.

Namo Ewaste Management Ltd IPO Details and Objectives

Purpose of the IPO: The primary objective of the IPO is to raise funds for the expansion of the company’s operations, including setting up new recycling units and enhancing its existing infrastructure.

Expected Funds to be Raised: The IPO is expected to raise ₹51.2 crores through the fresh issue of shares.

Key Dates to Remember

  • Namo Ewaste Management Ltd IPO Opening and Closing Dates:
    • Opening Date: 4th September 2024
    • Closing Date: 6th September 2024
  • Listing Date: 11th September 2024

Pricing and Lot Size of Namo Ewaste Management Ltd IPO

  • Price Band for the IPO: The IPO is priced between ₹80 to ₹85 per share.
  • Minimum Lot Size and Application Details: The minimum investment is ₹1,36,000 for 1 lot of 1600 shares.

How to Apply for the IPO of Namo Ewaste Management Ltd

  • Online Application Process:
    • Login to your trading platform, select 'IPO' from the menu.
    • View the open IPOs and select 'Apply'.
    • Enter the quantity and your UPI ID.
    • Complete the application process by confirming the details.

Financial Health and Performance

Namo eWaste Management Ltd has shown robust financial growth:

  • Revenue: ₹5,370.03 lakhs (Dec 2023), up from ₹5,844.60 lakhs (FY 2022-23).
  • EBITDA: ₹564.66 lakhs (Dec 2023), with an improved margin of 10.52%.
  • PAT: ₹294.90 lakhs (Dec 2023), reflecting a PAT margin of 5.49%.
  • Return on Equity (RoE): 9.91% (Dec 2023).
  • Return on Capital Employed (RoCE): 10.45% (Dec 2023).

These metrics highlight the company’s solid financial position and potential for future growth in the e-waste management sector.

Investment Risks and Opportunities

  • Potential Risks of Investing in the IPO: Investors should be aware of the risks, including the company’s dependency on a few key suppliers and regions, as well as potential regulatory changes that could impact operations.
  • Opportunities and Growth Potential: The growing awareness and regulatory push towards sustainable e-waste management present significant growth opportunities for Namo Ewaste Management Ltd.

Expert Opinions and Market Sentiment

  • Analyst Recommendations: Market analysts have shown positive sentiment towards the IPO, citing the company’s strong market position and growth potential in a niche industry.
  • Market Sentiment and Predictions: The overall market sentiment appears favorable, with expectations of robust demand for the IPO shares due to the company’s unique business model.

Conclusion

Namo Ewaste Management Ltd IPO offers an attractive opportunity for investors interested in sustainable investments within a growing industry. With the increasing focus on environmental responsibility and the company’s established presence in the e-waste management sector, this IPO could be a valuable addition to a diversified portfolio.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What documents should I review before investing in the Namo Ewaste Management Ltd IPO?

Answer Field

Investors should review the Draft Red Herring Prospectus (DRHP), financial statements, and risk factors mentioned in the prospectus.

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