Namo eWaste Management Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹85
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,36,000
Issue Size
₹51.2 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Namo eWaste Management Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
93.67%
Promoter Holding (Post-Issue)
68.99%
Issue Type
Book Building - SME
ISIN
INE08NZ01012
About the Company
Namo eWaste Management Limited is an E Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc. We are an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, complying with strict environmental regulations regarding handling hazardous products and disposing them safely to keep our environment green. The Company is committed towards managing large volume of electrical and electronic equipment waste and able to extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc.
Industry Overview
E-waste is the fastest growing waste stream in India with 3.2 million tons of e-waste generated a year, third highest after China and USA (According to `Global E-waste Monitor 2020'). Fast growing ICT sector is one of the prominent contributors to this increasing number of e-wastes. Upgradation and faster obsolescence of electronic products make consumers discard their products quickly, which in turn accumulate huge e-waste to the solid waste stream. Another challenge is that major recycling of e-waste is handled by the informal sector. The methods used for recycling are primitive and hazardous. This adds to the problem of climate change and pollution in India. These prevailing challenges make e-waste sector a major focal point for both government and industry.
Company History
The Company was originally incorporated as "Namo eWaste Management Limited" a public limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated January 13, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company commenced commercial operations pursuant to a Certificate for Commencement of Business dated January 29, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company's Corporate Identity Number is U74140DL2014PLC263441.
Products & Services
- The Company is an E Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc.
Growth Strategy
- Expand its Domestic presence in existing and new markets.
- Setup of new integrated factory unit through its subsidiary i.e. Techeco Waste Management LLP.
- Focus on consistently meeting quality standards.
- Scale up branding and promotional activities.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 60,24,000 equity shares of face value of Rs. 10 each (the "Equity Shares") of Namo EWaste Management Limited ("The Company" or "The Issuer") at an issue price of Rs. 85 per equity share (including share premium of Rs. 75 per equity share) for cash, aggregating up to Rs. 51.20 crores ("Public Issue") out of which 3,02,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating Rs. 2.57 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 57,21,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 48.63 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.34% and 25.02% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The issue price is 8.5 times with the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- A dedicated service provider for collection, management and recycling of E-waste material through in-house factory unit.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified revenue from multiple geographies.
- Synergy of young and experienced management team.
- The company is an authorised E-waste recyclers to carry on the business of Ewaste collection, disposal and recycling. Failure to renew it in a timely manner may result in fines, legal penalties, or even business shutdown.
- The company is primarily dependent upon few key suppliers within limited geographical location for collection and recycling of electronic waste, with whom the company has entered into long term purchase agreements which imposes fixed pricing conditions, stipulating that the company must purchase the materials at predetermined prices irrespective of market fluctuations.
- The company generate its major portion of sales from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
- If there is delay in setting up of proposed factory unit or if the costs of setting up and the possible time required to set up Proposed factory unit by its subsidiary i.e. Techeco Waste Management LLP, are higher than expected, it could have an adverse effect on its financial condition, results of operations and growth prospects.
- The company has not complied with certain statutory provisions of the Companies Act, 2013. Such non-compliance may attract penalties against the Company which could impact the financial position of it to that extent.