The Namo eWaste Management IPO is set to open for subscription on September 4, 2024, and close on September 6, 2024. This IPO aims to raise around ₹61.25 crores through a book-built issue comprising a fresh issue of ₹61.25 crores. The IPO will be listed on the NSE SME platform, making it an interesting opportunity for investors looking to diversify into the e-waste management sector.
In this blog post, we’ll cover everything you need to know about the Namo eWaste Management IPO, including important dates, pricing, allotment details, and market analysis. We’ll also discuss how this IPO compares to its peers and provide a review to help you decide if it’s worth adding to your investment portfolio.
Namo eWaste Management IPO Details
| Details | Information |
|---|---|
| IPO Open Date | September 4, 2024 |
| IPO Close Date | September 6, 2024 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹80 to ₹85 per share |
| Issue Size | ₹61.25 crores |
| Fresh Issue | ₹61.25 crores |
| Offer for Sale | NA |
| Issue Type | Book Built Issue |
| Listing | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Note: The IPO price band and dates are officially announced. Stay updated on the Namo eWaste Management IPO Grey Market Premium (GMP) by visiting our GMP page.
About Namo eWaste Management
Namo eWaste Management is a leading company in the e-waste recycling industry in India, specializing in the recycling of electrical and electronic waste. The company provides comprehensive recycling services, including refurbishing electronic products that are still functional but outdated. They process a variety of electronic products from well-known brands like Apple, HP, Lenovo, and Dell, focusing on extracting valuable components like copper, aluminum, and iron.
The company has shown consistent growth in revenue and profit, making it a promising player in the e-waste management sector. Its operations are based out of a factory in Faridabad, Haryana, where it processes large volumes of e-waste efficiently.
Namo eWaste Management Financials
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | 45.09 | 42.67 | 1.81 | 41.74 |
| 2023 | 58.56 | 55.33 | 2.42 | 39.12 |
| 2024 | 101.08 | 91.94 | 6.83 | 62.75 |
The company’s revenue increased from ₹45.09 crores in 2022 to ₹58.56 crores in 2023, while profits rose from ₹1.81 crores to ₹2.42 crores during the same period. The financial growth shows that the company is expanding and managing its resources effectively.
Namo eWaste Management IPO Valuation and Metrics
The IPO’s financial metrics provide insight into the company’s valuation:
| KPI | Values |
|---|---|
| ROE | 8.96% |
| ROCE | 11.31% |
| EBITDA Margin | 6.61% |
| PAT Margin | 4.13% |
| Debt to Equity Ratio | 0.12 |
| Earnings Per Share (EPS) | ₹4.33 (Basic) |
| Return on Net Worth (RoNW) | 19.37% |
| Net Asset Value (NAV) | ₹22.38 |
These metrics suggest that Namo eWaste Management is maintaining a healthy financial position with reasonable profitability and return ratios. The low debt-to-equity ratio also indicates financial stability and low leverage.
Comparison with Peers
When compared to its peers, Namo eWaste Management shows competitive financial performance:
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ Crores) |
|---|---|---|---|---|---|
| Namo eWaste Management | 4.33 | N/A | 19.37% | 22.38 | 101.08 |
| Eco Recycling Ltd. | 3.21 | 185.87 | 13.51% | 23.75 | 21.53 |
| Cerebra Integrated Technologies Ltd. | 2.31 | 3.25 | 0.97% | 23.06 | 86.72 |
The EPS and RoNW of Namo eWaste Management indicate a strong market position compared to its competitors, suggesting potential growth for investors.
Objects of the IPO Issue
The funds raised through this IPO will be used for:
- Funding capital expenditure for setting up a new factory unit at Nashik for Techeco Waste Management LLP.
- Meeting working capital requirements.
- General corporate purposes.
Namo eWaste Management IPO Review
As per the company’s financial performance and market position, investors looking for long-term gains might consider applying for this IPO. The company’s steady growth, low debt levels, and strong market presence in the e-waste sector are positive indicators.
For more IPO reviews and insights, visit our IPO Review page.
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Open Date | September 4, 2024 |
| IPO Close Date | September 6, 2024 |
| Basis of Allotment | September 9, 2024 |
| Refunds Initiation | September 10, 2024 |
| Credit to Demat | September 10, 2024 |
| IPO Listing Date | September 11, 2024 |
Stay updated with more upcoming IPOs by visiting our Upcoming IPOs page.
How to Apply for Namo eWaste Management IPO?
Investors can apply for the Namo eWaste Management IPO through ASBA online via their bank account, UPI, or by filling out an offline form through their stock brokers.
For more details on IPO forms and subscription tips, check our IPO Forms page and IPO Subscription page.
Namo eWaste Management IPO FAQ
- What is Namo eWaste Management IPO?
The Namo eWaste Management IPO is an SME IPO aiming to raise ₹61.25 crores. The price band is set between ₹80 to ₹85 per share, and it will list on NSE SME. - When will the Namo eWaste Management IPO open for subscription?
The IPO will open on September 4, 2024, for QIB, NII, and Retail Investors and will close on September 6, 2024. - What is the price band for the Namo eWaste Management IPO?
The price band for the IPO is ₹80 to ₹85 per share. - How can I check the allotment status for Namo eWaste Management IPO?
You can check the IPO allotment status on the IPO Allotment page once the allotment is finalized on September 9, 2024. - What is the GMP (Grey Market Premium) for Namo eWaste Management IPO?
The GMP for Namo eWaste Management IPO will be updated regularly on our GMP page. - Where will the Namo eWaste Management IPO be listed?
The IPO will be listed on the NSE SME platform on September 11, 2024.
For more details on IPOs, NCDs, Rights Issues, and Buybacks, visit our website.
By providing this comprehensive overview, we aim to help investors make informed decisions about participating in the Namo eWaste Management IPO. Make sure to stay updated with all IPO-related news by following us.
