IPO Details
Bidding Dates
04 Sept 24 - 06 Sept 24
Price Range ₹
80 - 85
Total Equity
₹ 61.25Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
04 Sept 2024
Offer end
06 Sept 2024
Allotment
09 Sept 2024
Refund initiation
10 Sept 2024
Demat transfer
10 Sept 2024
Listing
11 Sept 2024
Offer start
04 Sept 2024
Offer end
06 Sept 2024
Allotment
09 Sept 2024
Refund initiation
10 Sept 2024
Demat transfer
10 Sept 2024
Listing
11 Sept 2024
About Company
Founded in 2014, Namo eWaste Management Limited specializes in the collection, disposal, and recycling of e-waste. Namo eWaste Management is certified under ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018, offering comprehensive recycling services for Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, and fans. The company's service offerings include: - Electronics recycling - Refurbishment - Extended Producer Responsibility (EPR) services Namo eWaste operates a leased factory in Faridabad, Haryana, spanning 2,566 square meters, along with a storage and dismantling unit in Palwal, Haryana, covering 16,010 square meters. As of March 31, 2024, the company had approximately 48 employees.
Year Founded
13-01-2014
Promotor Details
Akshay Jain
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 93.67 | 0 |
| Share Capital | 15776995 | 15776995 |
Offer to Public
72,06,000.00 Cr
Project Details
- Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP - 112cr
Objectives
- Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik.To Meet Working Capital RequirementGeneral Corporate Purpose
Highlights
- Namo eWaste Management is certified across multiple ISO standards, ensuring high standards in quality, environmental, information security, and occupational health and safety management.
- The company has shown a consistent increase in both revenue and profit, highlighting its robust financial performance and market demand.
- Namo eWaste's presence across approximately 20 states and Union Territories in India showcases its extensive market penetration and distribution network.
- Offering a range of services including electronics recycling, refurbishment, and Extended Producer Responsibility (EPR) services, the company caters to various aspects of e-waste management.
- With dedicated facilities in Faridabad and Palwal, Haryana, Namo eWaste is well-equipped to handle large-scale e-waste processing, storage, and dismantling.
Challenges
- A large portion of the company's revenue is heavily dependent on Haryana, making it vulnerable to any adverse regional developments.
- A significant reliance on a small number of customers means that losing any of these key clients could have a major negative impact on the company's revenue.
- The involvement of the company and its leadership in legal disputes poses a risk, as adverse outcomes could harm its business prospects.
- The company’s outstanding debt of Rs 14.53 crore raises concerns about its ability to manage and repay these liabilities, which could strain its financial health.
- The company’s financial performance is highly dependent on its current customer base and regional market, limiting its operational flexibility and growth potential.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 6,274.75 | 1,684.35 | 682.91 | 682.91 | 4.0544 |
