Apex Ecotech Limited IPO...
20 Nov 2024
Namo eWaste Management Limited IPO And Its GMP
Namo eWaste Management Limited is an E-Waste collection, disposal and recycling company that offers comprehensive services for recycling electrical and electronic equipment (EEE) waste like Air Conditioners, refrigerators, Laptops, Phones, Washing Machines, Fans etc.
They are an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, complying with strict environmental regulations regarding handling hazardous products and disposing of them safely to keep our environment green. They are committed to managing large volumes of electrical and electronic equipment waste and can extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc.
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IPO OVERVIEW
- Issue Type: ₹51.20 crores
- Type: Fresh issue of shares
- Total Shares Offered: 60.24 lakh shares
- Price Band: ₹80 to ₹85 per share
- Minimum Lot Size: 1600 shares
- IPO Subscription Dates: September 4, 2024 to September 6, 2024
- Book Running Lead Manager: Hem Securities Limited
- Registrar: Maashitla Securities Private Limited
- Market Maker: Hem Finlease
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Namo eWaste Management IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 10-09-2024 | 85 | 75.0 (88%) | 10-Sep-2024 12:15 |
| 09-09-2024 | 85 | 60.0 (71%) | 09-Sep-2024 12:30 |
| 06-09-2024 | 85 | 50.0 (59%) | 06-Sep-2024 12:15 |
| 05-09-2024 | 85 | 50.0 (59%) | 05-Sep-2024 13:05 |
| 04-09-2024 | 85 | 50.0 (59%) | 04-Sep-2024 11:20 |
| 03-09-2024 | 85 | 50.0 (59%) | 03-Sep-2024 13:10 |
| 02-09-2024 | 85 | 50.0 (59%) | 02-Sep-2024 13:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Namo eWaste Management IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 7,206,000 shares (aggregating up to ₹61.25 Cr) |
| Fresh Issue | 7,206,000 shares (aggregating up to ₹61.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 16,843,515 |
| Share holding post issue | 24,049,515 |
| Market Maker portion | 302,400 shares |
Namo eWaste Management IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Namo eWaste Management Limited 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 |
Namo eWaste Management Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Namo eWaste Management IPO Promoter Holding
| Share Holding Pre Issue | 93.67% |
| Share Holding Post Issue | 68.99% |
Namo eWaste Management IPO Anchor Investors Details
| Bid Date | September 3, 2024 |
| Shares Offered | 1,715,200 |
| Anchor Portion Size (In Cr.) | 14.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 8, 2024 |
Company & Financials
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:
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.
Namo eWaste Management Limited Financial Information
| 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 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.54% |
| ROCE | 20.71% |
| Debt/Equity | 0.41 |
| RoNW | 19.37% |
| PAT Margin (%) | 6.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.43 | 1 |
| P/E (x) | 59.27 | 84.63 |
Objectives of Namo eWaste Management IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik.
- 2. To Meet Working Capital Requirement.
- 3. General Corporate Purpose.
Namo eWaste Management IPO Review
The company is operating in eWaste collection, disposal recycling and related services, which is a highly competitive and fragmented segment. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears aggressively priced. Well-informed investors may park moderate funds for the long term.
FAQs for Namo eWaste Management IPO
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What is Namo eWaste Management IPO?
Namo eWaste Management IPO is a SME IPO. The company is going to raise ₹61.25 Crores via IPO. The issue is priced at ₹80 to ₹85 pr equity share. The IPO is to be listed on NSE.
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When Namo eWaste Management IPO will open for subscription?
The IPO is to open on September 4, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 6, 2024.
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What is Namo eWaste Management IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Namo eWaste Management Issue Size?
Namo eWaste Management issue size is ₹61.25 crores.
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What is Namo eWaste Management IPO Price Band?
Namo eWaste Management IPO Price Band is ₹80 to ₹85.
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What is Namo eWaste Management IPO Lot Size?
The minimum bid is 1600 Shares with ₹136,000 amount.
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What is the Namo eWaste Management IPO Allotment Date?
Namo eWaste Management IPO allotment date is September 9, 2024.
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What is the Namo eWaste Management IPO Listing Date?
Namo eWaste Management IPO listing date is September 11, 2024. The IPO is to list on NSE.
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What is the current GMP of Namo eWaste Management?
The current GMP of Namo eWaste Management is 75.0 (88%).
DRHP:
DRHP of Namo eWaste Management Limited IPO.
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What is Namo eWaste Management IPO?
Namo eWaste Management IPO is a SME IPO. The company is going to raise ₹61.25 Crores via IPO. The issue is priced at ₹80 to ₹85 pr equity share. The IPO is to be listed on NSE.
-
When Namo eWaste Management IPO will open for subscription?
The IPO is to open on September 4, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 6, 2024.
-
What is Namo eWaste Management IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Namo eWaste Management Issue Size?
Namo eWaste Management issue size is ₹61.25 crores.
-
What is Namo eWaste Management IPO Price Band?
Namo eWaste Management IPO Price Band is ₹80 to ₹85.
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What is Namo eWaste Management IPO Lot Size?
The minimum bid is 1600 Shares with ₹136,000 amount.
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What is the Namo eWaste Management IPO Allotment Date?
Namo eWaste Management IPO allotment date is September 9, 2024.
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What is the Namo eWaste Management IPO Listing Date?
Namo eWaste Management IPO listing date is September 11, 2024. The IPO is to list on NSE.
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What is the current GMP of Namo eWaste Management?
The current GMP of Namo eWaste Management is 75.0 (88%).
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