Namo Ewaste Management Limited

04 Sep 2024 - 06 Sep 2024 Individual Category SME NSE

Min Investment

₹136000

Price Band

₹80-₹85

Issue Size

43.09 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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04 Sep 2024

Open Date

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06 Sep 2024

Close Date

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09 Sep 2024

Allotment Date

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11 Sep 2024

Listing Date

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.

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About Namo Ewaste Management Limited

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.

Founded

2014

Managing Director

Akshay Jain and Rachna Jain

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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