Namo eWaste IPO – The company specializes in the collection, disposal, and recycling of e-waste, providing comprehensive services for recycling electrical and electronic equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, and more. Namo eWaste Management is dedicated to handling large volumes of EEE waste and is capable of extracting all components from electrical items, including valuable and semi-precious metals like copper, aluminum, and iron.
Namo eWaste Management operates a rented factory in Faridabad, Haryana, and also has a Storage and Dismantling Unit on rent in Palwal, Haryana. The Faridabad factory is equipped with the necessary infrastructure, including machinery and handling equipment, to ensure a smooth recycling process. As of 31 March 2024, the company employs approximately 48 people, including semi-skilled staff, across various levels of the organization.
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Namo eWaste Management IPO is to open on September 4. Namo eWaste Management is a SME IPO to raise ₹61.25 crores via IPO. The Namo eWaste Management IPO price band is fixed at ₹80 to ₹85 with a market lot of 1600 Shares. Namo eWaste Management is one of the leading companies that recycle electrical and electronic (EEE) waste dedicated to e-waste management in India. The offers comprehensive, complete, and responsible recycling services. The company manages large volumes of high-quality EEE waste. The Electronic Products that are still functional but outdated and require minor repairs are refurbished.
Namo eWaste IPO Details
| Namo eWaste IPO Dates | 4 – 6 September 2024 |
| Namo eWaste Issue Price | INR 80 – 85 per share |
| Fresh issue | 72,06,000 shares (INR 61.25 crore) |
| Offer For Sale | NIL |
| Total IPO size | 72,06,000 shares (INR 61.25 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,36,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Namo eWaste IPO Dates & Listing Performance
| IPO Activity | Date |
| Finalization of Basis of Allotment | 9 September 2024 |
| Initiation of refunds | 10 September 2024 |
| Transfer of shares to demat accounts | 10 September 2024 |
| IPO Listing Date | 11 September 2024 |
Namo eWaste Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 30.60 | 44.78 | 58.45 | 53.70 |
| Expenses | 28.21 | 42.67 | 55.33 | 49.74 |
| Net income | 1.93 | 1.81 | 2.42 | 2.95 |
