Namo eWaste Management was incorporated on January 13, 2014. The company provides E-Waste collection, disposal, and recycling services for electrical and electronic equipment (EEE) waste like air conditioners, refrigerators, laptops, phones, washing machines, and fans.
| Bidding Dates |
|---|
| 04 Sep 2024 - 06 Sep 2024 |
| Subscription |
|---|
| 209.87x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1600 | 6.0 M | ₹80 - ₹85 | 68.99 % | ₹481.9 M - ₹512.0 M | RHP DOC |
Namo eWaste Management Ltd. IPO SUBSCRIPTION STATUS
06 Sep '24Namo eWaste Management Ltd. IPO overall subscription rate was 209.87 times the total available shares
Namo eWaste Management Ltd. IPO retail subscription rate was 259.73 times in the retail segment
Namo eWaste Management Ltd. IPO non-institutional investor subscription rate was 524.51 times in the non-institutional investor category
Namo eWaste Management Ltd. IPO Qualified Institutional Bidder subscription rate was 91.59 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Sep 2024 (Day 3) | 259.73x | 524.51x | 91.59x |
05 Sep 2024 (Day 2) | 65.72x | 34.48x | 91.59x |
04 Sep 2024 (Day 1) | 22.7x | 11.16x | 91.59x |
Namo eWaste Management Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 68.3 | 1009.3 | -95.1 | -119.3 | 11.1% |
| FY23 | 24.2 | 584.5 | 48.3 | 28.6 | 6.6% |
| FY22 | 18.1 | 447.8 | 30.6 | -51.4 | 5.8% |
Namo eWaste Management Ltd. IPO SUBSCRIPTION STATUS DETAILS
Namo eWaste Management Ltd. had 6.0 M shares on offer
Namo eWaste Management Ltd. IPO offer price was in the range ₹80 - ₹85
Namo eWaste Management Ltd. IPO minimum Investment was ₹128000
Namo eWaste Management Ltd. IPO issue size was ₹ 481.9 M - ₹ 512.0 M
Namo eWaste Management Ltd. had a minimum lot size of 1600 Shares per application
Namo eWaste Management Ltd. NUMBER OF SHARES ON OFFER
Namo eWaste Management Ltd. IPO IMPORTANT DATES
| Issue Open Date | 04 Sep 2024 |
| Issue close Date | 06 Sep 2024 |
| Allotment Date | 09 Sep 2024 |
| Refund Date | 09 Sep 2024 |
| Demat Account Credit Date | 10 Sep 2024 |
| Listing Date | 11 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Namo eWaste Management Ltd. Allotment Status | Exchange |
Namo eWaste Management Ltd. IPO subscription opened on 04 Sep 2024, and closed on 06 Sep 2024
IPO allotment for Namo eWaste Management Ltd. was finalized on Monday, 09 Sep 2024
IPO listing for Namo eWaste Management Ltd. was on NSE on Wednesday, 11 Sep 2024
Namo eWaste Management Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 85.0 |
| Listing Open Price | 161.5 |
| Listing Close Price | 169.6 |
| Listing Gain% | 90.0% |
| Current Gain% | 223.7% |
Namo eWaste Management Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Namo eWaste Management Ltd. | 275.1 | 629.1 | 43.8 | 0.6 | 3.2 | 13.9 | 12 | 195.1 | 29.1 | 14.4 | 69.6 | 6.3 | 69.6 |
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
Namo eWaste Management Ltd. INFORMATION ON IPO ISSUE
About Namo eWaste Management Ltd.
Namo eWaste Management was incorporated on January 13, 2014. The company provides E-Waste collection, disposal, and recycling services for electrical and electronic equipment (EEE) waste like air conditioners, refrigerators, laptops, phones, washing machines, and fans.
Object of the Issue
- Funding the capital expenditure requirements of its 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.
Namo eWaste Management Ltd. - PROMOTERS
| Name |
|---|
| Akshay Jain |
| Rachna Jain |
Namo eWaste Management Ltd. Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Namo eWaste Management Ltd. Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Namo eWaste Management Ltd. Strengths
Geographically Diversified
The company has sold products in around 20 states and Union Territories in India in FY24. This broad presence helps expand the customer base, stay updated with the latest technological advancements, and mitigate risks from unforeseen circumstances in the domestic market
Standardized Product Quality
The company uses a strict quality control process at every stage of recycling and e-waste extraction from electronic components to ensure the finished product meets customer requirements and passes all quality checks
In-house Factory Unit
The in-house recycling operations help the company organize inventory management and production processes, ensuring quality standards, reducing production time, and improving cost efficiency
Namo eWaste Management Ltd. Risks
Dependent on Few Suppliers
The company primarily relies on a few key suppliers within a limited geographical area for electronic waste collection and recycling. Long-term agreements with these suppliers enforce fixed prices, requiring the company to buy materials at set rates despite market fluctuations
License Approvals
The company requires specific permits, licenses, and approvals to operate. There is no guarantee that authorities will issue or renew these on time, and failure to secure them could disrupt the comapny's operations and business
IPO FAQs
The promoters of the company are Akshay Jain and Rachna Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 80.0 - 85.0.
The IPO application opens on Sep 04, 2024 and closes on Sep 06, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Sep 09, 2024.
The refund will be credited to your account on Sep 09, 2024.
The allotted shares will be credited to your demat on Sep 10, 2024.
Namo eWaste Management Ltd.’s shares listed on the stock exchanges on Sep 11, 2024.