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Namo eWaste Management Ltd

Miscellaneous

Offer Period :

4th to 6th Sep 2024

Founded in 2014, Namo eWaste Management Limited specializes in the collection, disposal, and recycling of e-waste, including electronics like air conditioners, refrigerators, laptops, and more. Read more...The company is ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018 certified. Their services include electronics recycling, refurbishment, and Extended Producer Responsibility (EPR) services. Namo operates a factory in Faridabad and a storage/dismantling unit in Palwal, Haryana. As of March 31, 2024, the company employed 48 people. Read less

Namo eWaste Management Ltd IPO Details

IPO Date 4th to 6th Sep 2024 Minimum Investment ₹136000 / 1 Lots
Listing Date 2024-09-11 Maximum Investment ₹136000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹51.2 Crores
Price ₹85 to ₹85 per share Fresh Issue ₹51.2 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 4th to 6th Sep 2024
Listing Date 2024-09-11
Face Value ₹10 per share
Price ₹85 to ₹85 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹136000 / 1 Lots
Maximum Investment ₹136000 / 1 Lots
Total Issue Size ₹51.2 Crores
Fresh Issue ₹51.2 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

4th Sep

IPO Starts

6th Sep

IPO Ends

9th Sep

Allotment Date

10th Sep

Initiation of Refund

10th Sep

Credit of Shares to Demat Account

11th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 93.67 68.99
Public Group 6.33 31.01

Namo eWaste Management Ltd IPO Reservation

QIB Shares Offered 1144000(18.99%)
NII (HNI) Shares Offered 859200(14.26%)
Retail Shares Offered 2003200(33.25%)
Anchor Investor Shares Offered 1715200(28.47%)
Total Shares Offered 6024000
Total Shares With Anchor Investor 6024000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Namo eWaste Management Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number +91-11-45121795
Email Id ipo@maashitla.com
Our Website www.maashitla.com

Namo eWaste Management Ltd IPO Lead Manager

1. Hem Securities Ltd

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Namo eWaste Management Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Namo eWaste Management Ltd

1. A dedicated service provider for collection, management and recycling of E-waste material through in-house factory unit.

2. Stringent quality control mechanism ensuring standardized product quality.

3. Diversified revenue from multiple geographies.

4. Synergy of young and experienced management team.

Risks Involved

1. The company is an authorised E-waste recyclers to carry on the business of Ewaste collection, disposal and recycling. Failure to renew it in a timely manner may result in fines, legal penalties, or even business shutdown.

2. The company is primarily dependent upon few key suppliers within limited geographical location for collection and recycling of electronic waste, with whom the company has entered into long term purchase agreements which imposes fixed pricing conditions, stipulating that the company must purchase the materials at predetermined prices irrespective of market fluctuations.

3. The company generate its major portion of sales from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

4. If there is delay in setting up of proposed factory unit or if the costs of setting up and the possible time required to set up Proposed factory unit by its subsidiary i.e. Techeco Waste Management LLP, are higher than expected, it could have an adverse effect on its financial condition, results of operations and growth prospects.

5. The company has not complied with certain statutory provisions of the Companies Act, 2013. Such non-compliance may attract penalties against the Company which could impact the financial position of it to that extent.

6. The company had made capital expenditure in year 2019, to set up a factory unit in Khata No. 150, Survey No. 22, Old Survey No. 27, Sub District Mandal, Anandpura, 382120, Ahmedabad, Gujarat, which is owned by company but the same is not operational as on the date of this Draft Red Herring Prospectus.

7. The company has not registered the trademarks which its using for the company's business. Its may be unable to protect its intellectual property or knowhow from third party infringement which could harm its brand and services.

8. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

9. The company does not own the registered office, factory unit, branch office, warehouse and Storage & Dismantling unit from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

10. Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on the company's business, cash flows, results of operations and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024
Total Assets 62.75
Total Liabilities 62.75
Total Expenses 91.94
Total Revenue 
101.08
Profit After Tax 6.83
EBITDA 11.48
Adjusted EBITDA 0

Namo eWaste Management Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-11 93015 NAMOEWASTE
INE08NZ01012
₹85 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹85 ₹85
Open ₹0 ₹161.5
Low ₹0 ₹161.5
High ₹0 ₹169.55
Low ₹0 ₹161.5

Industry Outlook of Namo eWaste Management Ltd IPO

  • Growing e-Waste Generation: The increasing use of electronic devices is leading to a significant rise in e-waste, creating a substantial market opportunity for companies specializing in e-waste management.
  • Government Regulations: The Indian government’s regulations, such as the Extended Producer Responsibility (EPR), mandate proper e-waste disposal and recycling, favouring organized players like Namo eWaste.
  • Sustainability and Circular Economy: There is a growing emphasis on sustainability and the circular economy, driving demand for e-waste recycling services.
  • Technological Advancements: Innovations in recycling technology are improving the efficiency and profitability of e-waste management operations.

Namo eWaste Management Ltd IPO Details and Objectives

  • Purpose of the IPO: The funds raised through this IPO will be utilized for business expansion, setting up new factory units, and enhancing the company’s operational capabilities to manage increased e-waste volumes.
  • Expected Funds to be Raised: The IPO aims to raise ₹51.2 crores, entirely through a fresh issue of equity shares.

Key Dates to Remember

  • IPO Opening Date: 4th September 2024
  • IPO Closing Date: 6th September 2024
  • Allotment Date: 9th September 2024
  • Listing Date: 11th September 2024

Pricing and Lot Size of Namo eWaste Management Ltd IPO

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

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:

1.     Dependency on key suppliers and regions for revenue.

2.     Legal and compliance risks related to e-waste recycling certifications.

3.     Unregistered trademarks may lead to IP vulnerabilities.

  • Opportunities and Growth Potential: The company is well-positioned to capitalize on the growing e-waste market, supported by government regulations and increasing corporate responsibility towards sustainable practices.

Conclusion

Namo eWaste Management Ltd's IPO presents an interesting opportunity for investors looking to capitalize on the growing e-waste management industry. With a strong operational foundation and plans for expansion, the company is poised for growth, though potential investors should be mindful of the associated risks.

Frequently Asked Questions

What is Namo eWaste Management Ltd IPO?

Answer Field

Namo eWaste Management Ltd IPO is a SME IPO of 60,24,000 equity shares of a face value of ₹10 aggregating up to ₹51.2 Crores. The issue is priced at ₹85 to ₹85 per share. The minimum order quantity is 1600 Shares. The IPO opens on September 04, 2024, and closes on September 06, 2024. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Namo eWaste Management Ltd IPO will open?

Answer Field

The Namo eWaste Management Ltd IPO opens on September 04, 2024 and closes on September 06, 2024.

What is the lot size of Namo eWaste Management Ltd?

Answer Field

Namo eWaste Management Ltd lot size is 1600 shares, and the minimum amount required is ₹1,36,000.

How to apply for Namo eWaste Management Ltd IPO?

Answer Field

You can apply in Namo eWaste Management Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Namo eWaste Management Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Namo eWaste Management Ltd IPO will be done on September 09, 2024, and the allotted shares will be credited to your demat account by September 10, 2024.

When is Namo eWaste Management Ltd IPO listing date?

Answer Field

The Namo eWaste Management Ltd listing date is September 11, 2024.

Who is the registrar of Namo eWaste Management Ltd IPO?

Answer Field

The registrar of Namo eWaste Management Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Namo eWaste Management Ltd IPO?

Answer Field

The fresh issue size is ₹51.2 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Namo eWaste Management Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,36,000 amount.

How can I approve the UPI mandate request for Namo eWaste Management Ltd IPO?

Answer Field

To apply for Namo eWaste Management Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Namo eWaste Management Ltd?

Answer Field

The price of each Namo eWaste Management Ltd share will be ranging in between ₹85 to ₹85 per share.

What is the cut-off time for the UPI mandate for Namo eWaste Management Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 06, 2024.

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