Namo eWaste Management IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 04 to Sep 06 2024
Price Band
₹80 - 85
Current GMP
₹161.5(90.0%)
Subscription
225.64 times
IPO Details
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | Wednesday, September 11, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹51.20 Cr) |
| Fresh Issue | 6,024,000 shares (aggregating up to ₹51.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,843,515 |
| Share holding post issue | 22,867,515 |
| Market Maker portion | 302,400 shares Hem Finlease |
IPO Date
September 4, 2024 to September 6, 2024
Listing Date
Wednesday, September 11, 2024
Face Value
₹10 per share
Price Band
₹80 to ₹85 per share
Lot Size
1600 Shares
Total Issue Size
6,024,000 shares (aggregating up to ₹51.20 Cr)
Fresh Issue
6,024,000 shares (aggregating up to ₹51.20 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
16,843,515
Share holding post issue
22,867,515
Market Maker portion
302,400 shares Hem Finlease
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 151.75 |
| Non-Institutional Buyers*** | 394.20 |
| Retail Investors | 195.54 |
| Total ** | 225.64 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
151.75
Non-Institutional Buyers***
394.20
Retail Investors
195.54
Total **
225.64
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 4, 2024 | 9.00 | 8.51 | 17.55 | 13.17 |
| Day 2 Sep 5, 2024 | 9.01 | 25.69 | 50.37 | 33.26 |
| Day 3 Sep 6, 2024 | 151.75 | 394.20 | 195.54 | 225.64 |
DayDay 1
Sep 4, 2024
QIB9.00
NII*8.51
Retail17.55
Total13.17
DayDay 2
Sep 5, 2024
QIB9.01
NII*25.69
Retail50.37
Total33.26
DayDay 3
Sep 6, 2024
QIB151.75
NII*394.20
Retail195.54
Total225.64
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 11-09-2024 | 85.00 | 82(96.47%) | 167 |
| 10-09-2024 | 85.00 | 82(96.47%) | 167 |
| 09-09-2024 | 85.00 | 60(70.59%) | 145 |
| 08-09-2024 | 85.00 | 60(70.59%) | 145 |
| 07-09-2024 | 85.00 | 60(70.59%) | 145 |
| 06-09-2024 | 85.00 | 60(70.59%) | 145 |
| 05-09-2024 | 85.00 | 50(58.82%) | 135 |
| 04-09-2024 | 85.00 | 50(58.82%) | 135 |
| 03-09-2024 | 85.00 | 50(58.82%) | 135 |
| 02-09-2024 | 85.00 | 50(58.82%) | 135 |
| 01-09-2024 | 85.00 | 50(58.82%) | 135 |
| 31-08-2024 | 85.00 | 50(58.82%) | 135 |
| 30-08-2024 | 85.00 | 50(58.82%) | 135 |
| 29-08-2024 | 85.00 | 0(0.0%) | 85 |
Date11-09-2024
Price85.00
GMP82(96.47%)
Estimate List Price167
Date10-09-2024
Price85.00
GMP82(96.47%)
Estimate List Price167
Date09-09-2024
Price85.00
GMP60(70.59%)
Estimate List Price145
Date08-09-2024
Price85.00
GMP60(70.59%)
Estimate List Price145
Date07-09-2024
Price85.00
GMP60(70.59%)
Estimate List Price145
Date06-09-2024
Price85.00
GMP60(70.59%)
Estimate List Price145
Date05-09-2024
Price85.00
GMP50(58.82%)
Estimate List Price135
Date04-09-2024
Price85.00
GMP50(58.82%)
Estimate List Price135
Date03-09-2024
Price85.00
GMP50(58.82%)
Estimate List Price135
Date02-09-2024
Price85.00
GMP50(58.82%)
Estimate List Price135
Date01-09-2024
Price85.00
GMP50(58.82%)
Estimate List Price135
Date31-08-2024
Price85.00
GMP50(58.82%)
Estimate List Price135
Date30-08-2024
Price85.00
GMP50(58.82%)
Estimate List Price135
Date29-08-2024
Price85.00
GMP0(0.0%)
Estimate List Price85
IPO Important Dates
| 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 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹136,000
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹136,000
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹272,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,274.74 | 3,912.26 | 4,174.34 |
| Revenue | 10,107.62 | 5,856.07 | 4,509 |
| Profit After Tax | 682.9 | 241.56 | 180.89 |
| Net Worth | 3,526.17 | 2,814.76 | 2,577.21 |
| Reserves and Surplus | 1,841.82 | 2,109.24 | 1,871.69 |
| Total Borrowing | 1,453.24 | 344.73 | 598.1 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20246,274.74
31 Mar 20233,912.26
31 Mar 20224,174.34
Period EndedRevenue
31 Mar 202410,107.62
31 Mar 20235,856.07
31 Mar 20224,509
Period EndedProfit After Tax
31 Mar 2024682.9
31 Mar 2023241.56
31 Mar 2022180.89
Period EndedNet Worth
31 Mar 20243,526.17
31 Mar 20232,814.76
31 Mar 20222,577.21
Period EndedReserves and Surplus
31 Mar 20241,841.82
31 Mar 20232,109.24
31 Mar 20221,871.69
Period EndedTotal Borrowing
31 Mar 20241,453.24
31 Mar 2023344.73
31 Mar 2022598.1
Key Performance Indicator
| ROE | 21.54% |
| ROCE | 20.71% |
| Debt/Equity | 0.41 |
| RoNW | 19.37% |
| PAT Margin (%) | 6.77 |
| EPS (Rs) | 4.05 |
ROE
21.54%
ROCE
20.71%
Debt/Equity
0.41
RoNW
19.37%
PAT Margin (%)
6.77
EPS (Rs)
4.05
IPO Reservation
| Anchor Investor Shares Offered | 17,15,200 (28.47%) |
| Market Maker Shares Offered | 3,02,400 (5.02%) |
| QIB Shares Offered | 11,44,000 (18.99%) |
| NII (HNI) Shares Offered | 8,59,200 (14.26%) |
| Retail Shares Offered | 20,03,200 (33.25%) |
| Total Shares Offered | 60,24,000 (100%) |
Anchor Investor Shares Offered
17,15,200 (28.47%)
Market Maker Shares Offered
3,02,400 (5.02%)
QIB Shares Offered
11,44,000 (18.99%)
NII (HNI) Shares Offered
8,59,200 (14.26%)
Retail Shares Offered
20,03,200 (33.25%)
Total Shares Offered
60,24,000 (100%)
Information about company
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:
Electronics recycling
Refurbishment
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.
On March 31, 2024, the company employed around 48 people.
Objectives of IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik.
To Meet Working Capital Requirement.
General Corporate Purpose.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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