Namo eWaste Management is making waves as a noteworthy entry among upcoming IPOs. For investors looking to dive into a sector focused on sustainability and waste management, this IPO offers a compelling opportunity.
As you consider your next IPO investment, exploring the specifics of this offering could reveal why it stands out in today's market. Stay tuned for insights into the company's potential and what makes this IPO an intriguing option for those interested in upcoming IPOs that have an environmental impact.
The Namo eWaste Management Limited IPO is a book-built offering valued at Rs 51.20 crores, featuring a fresh issue of 60.24 lakh shares. This IPO opens for subscription on September 4, 2024, and will close on September 6, 2024.
The allotment process for this IPO is set to be completed by Monday, September 9, 2024. Following this, the Namo eWaste Management SME IPO is expected to be listed on the NSE SME platform, with a tentative listing date of Wednesday, September 11, 2024. For those exploring investment opportunities, this IPO represents an intriguing option in the current market.
The Namo eWaste Management IPO price has a band between ₹80 and ₹85 per share, with a minimum application lot size of 1,600 shares. Retail investors need to invest a minimum of ₹136,000, while high-net-worth individuals (HNIs) must invest in at least 2 lots (3,200 shares), amounting to ₹272,000.
Hem Securities Limited is the book-running lead manager, with Maashitla Securities Private Limited serving as the registrar. Hem Finlease will act as the market maker for this IPO.
| Namo eWaste Management IPO open date | September 4, 2024( Wednesday) |
| Namo eWaste Management IPO close date | September 6, 2024(Friday) |
| Allotment of shares | September 9, 2024(Monday) |
| Refund initiation | September 10, 2024(Tuesday) |
| Shares credited to DEMAT | September 10, 2024(Tuesday) |
| Namo eWastem Management date of listing | September 11, 2024(Wednesday) |
| UPI mandate confirmation cut-off | September 6, 2024, by 5 PM |
Founded in 2014, Namo eWaste Management Limited specialises in the collection, disposal, and recycling of electronic waste. As an ISO-certified company, Namo eWaste offers comprehensive services for recycling a variety of Electrical and Electronic Equipment (EEE), including items like air conditioners, refrigerators, laptops, phones, washing machines, and fans.
The company's service offerings include electronics recycling, refurbishment, and extended producer responsibility (EPR) services. Namo eWaste operates from two main facilities: a leased factory in Faridabad, spanning 2,566 square meters, and a larger storage and dismantling unit in Palwal, covering 16,010 square meters. As of March 31, 2024, the company employed around 48 people, showcasing a lean yet effective operational model.
Namo eWaste Management Limited achieved impressive financial growth between the financial years ending March 31, 2023, and March 31, 2024, with a 73% increase in revenue and a remarkable 183% rise in profit after tax (PAT). The market capitalisation for the Namo eWaste Management IPO stands at Rs 194.37 crore, reflecting the company's performance and growing market presence. Namo eWaste Management IPO GMP stands at ₹50 for today.
| Period Ended | 31st March 2024 | 31st March 2023 | 31st March 2022 |
| Total 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 |
| Borrowing | 1,453.24 | 344.73 | 598.1 |
When evaluating upcoming IPOs, Namo eWaste Management stands out with several key strengths:
While Namo shows promise, there are some weaknesses potential investors should consider before committing to this IPO investment:
Namo eWaste Management operates in the competitive e-waste sector, showing steady growth in revenue and profits. Despite its aggressive pricing based on FY24 earnings, the company's strong market position and focus on sustainability make it a promising long-term investment. For informed investors, this IPO offers a chance to invest in a growing industry with significant future potential, making it a strategic addition to a diversified portfolio.
In a market driven by sustainability and environmental responsibility, Namo eWaste Management stands out as a compelling option among upcoming IPOs. As the world increasingly turns its attention to proper e-waste disposal and recycling, investing in this company could align both with financial goals and environmental values.
For those looking to make a thoughtful IPO investment, considering platforms like Ventura can help you explore such opportunities with confidence and ease, ensuring you're well-equipped for the future of investing.
The listing date of Namo eWaste Management is September 11, 2024, i.e. Wednesday.
The market capitalisation of Namo eWaste management is ₹194.37 Cr.
Given its steady revenue and profit growth, combined with the increasing focus on sustainability, the Namo eWaste Management IPO could be a promising long-term investment for informed investors.
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