Namo eWaste Management IPO: Important Details of IPO

• Namo eWaste Management IPO is a book-built issue worth up to Rs 51.20 crores.
• Bidding opens on September 4 and closes on September 6, 2024.
• Namo eWaste Management SME IPO price band is set at Rs 80 – Rs 85 per share.
• The minimum amount required for retail investors is Rs 1,36,000.

Namo eWaste Management IPO: Synopsis

Namo eWaste Management is open for subscription from Wednesday, September 4, 2024, and closes on Friday, September 6, 2024. The price band for this IPO is set at Rs 80 – Rs 85 per share.

Namo eWaste Management’s IPO is offering entirely a fresh issue of 60.24 lakh equity shares worth up to Rs 51.20 crore.

The allotment for this new IPO is expected to be finalised on Monday, September 9, 2024. The listing of this IPO will be done on Wednesday, September 11, 2024, at NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 1600 shares. For retail investors, the minimum and maximum investment amount required is Rs 136,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 3200 shares amounting to Rs 272,000.

The IPO is managed by Hem Securities Limited, which is the book-running lead manager of this public issue. The company has appointed Maashitla Securities Private Limited as the registrar for the issue.

Also Read | Mach Conferences and Events IPO: Important Details of IPO

Namo eWaste Management Limited: About the Company

Namo eWaste Management Limited was incorporated in 2014 to collect, dispose of, and recycle electronic waste. The organisation is accredited to ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018 for maintaining high standards in operations. Namo eWaste offers a gamut of Electrical and Electronic Equipment recycling services that range from Air Conditioners, Laptops, Phones, Washing Machines, etc.

The company's service portfolio includes electronics recycling and refurbishment, which caters to the increasing demand for sustainable e-waste management. Namo eWaste works toward minimising environmental impact with the view of responsible disposal and repurposing of electronic equipment.

Namo eWaste Management IPO: Objectives

The company intends to utilise the funding received from the fresh issue for various purposes, including funding the capital expenditure requirements of its subsidiary, Techeco Waste Management LLP, for setting up a new factory unit in Nashik, meeting the working capital requirements, and for general corporate purposes.

Namo eWaste Management IPO: Other Important Details

Time Table of Namo eWaste Management IPO

Namo eWaste Management IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Namo eWaste Management Limited and Their Holdings

The company's promoters are Akshay Jain and Rachna Jain. They collectively hold 93.67% of the company's shares. However, post-IPO, their shareholding will be 68.99%.

FAQs

1.       What are the core details available for the Namo eWaste Management IPO?

Namo eWaste Management IPO is a Book-built public issue of 60.24 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 60.24 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 9, 2024.

2.       How can I apply for the Namo eWaste Management IPO?

The public subscription of this new IPO opens on September 4 and closes on September 6, 2024. Click here to initiate the application process.

3.       Who is the lead manager(s) for the Namo eWaste Management IPO?

Hem Securities Limited was appointed as the book-running lead manager for the IPO.

4.       Who is appointed as the registrar for Namo eWaste Management IPO?

Maashitla Securities Private Limited has been appointed as the registrar for this public issue.

5.       How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding received from the fresh issue for various purposes, including funding the capital expenditure requirements of its subsidiary, Techeco Waste Management LLP, for setting up a new factory unit in Nashik, meeting the working capital requirements, and for general corporate purposes.

6.       How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Namo eWaste Management IPO by visiting here, for further updates, follow Bigul.

Also Read | Excellent Wires and Packaging IPO: Key points to remember