Namo eWaste Management Limited is launching an IPO with a fresh issue of 60,24,000 shares worth INR 51.20 crores. The company aims to fund CapEx for a new Nashik factory, working capital, and general corporate purposes.
Namo eWaste Management IPO – Important Dates
| Namo eWaste Management Limited IPO Date | September 4, 2024 to September 6, 2024 |
| Namo eWaste Management Limited IPO Listing Date | September 11, 2024 |
| Namo eWaste Management Limited IPO Price | INR 80-85 per share |
| Namo eWaste Management Limited IPO Lot Size | 1600 Shares |
| Namo eWaste Management Limited IPO Total Issue Size | INR 51.20 crores |
| Namo eWaste Management Limited IPO Basis of Allotment | September 9, 2024 |
| Namo eWaste Management Limited IPO Initiation of Refunds | September 10, 2024 |
| Namo eWaste Management Limited IPO Credit of Shares to Demat | September 10, 2024 |
| Namo eWaste Management Limited IPO Issue Type | Book Built Issue IPO |
| Namo eWaste Management Limited IPO Listing At | NSE SME |
Namo eWaste Management Limited IPO – Company Profile
Namo eWaste Management, an ISO-certified company, offers comprehensive recycling services for electronic waste. It safely extracts valuable metals and processes complex materials. The company also promotes public awareness through campaigns and collection drives.
Authorized recyclers procure e-waste through contracts with manufacturers and aggregators and promote collection via events and campaigns. They provide SPCB and CPCB-certified recycling certificates to meet EPR obligations.
Their services include electronic recycling for material recovery, secure data destruction, IT asset disposition, refurbishment of outdated devices, and assisting customers with compliance under E-waste Management Rules through EPR services.
Namo eWaste Management Ltd IPO Fundamental Analysis
Namo eWaste Management Limited s’ financial analysis reveals a mixed performance. Revenue has steadily increased, alongside higher profitability and EPS, though rising debt-equity and weakening liquidity present potential challenges despite overall business growth.
- Revenue Trend: The revenue increased from ₹4,477.72 lakhs in March 2022 to ₹5,844.60 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 10,093.18 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹180.89 lakhs in March 2022 to ₹682.91 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹1.24 in March 2022 to ₹4.33 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 7.02% to 19.37%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover Ratio, which might suggest stronger sales or efficient inventory management.
Namo eWaste Management IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 4,477.72 | 5,844.60 | 10,093.18 |
| Equity (₹ in lakhs) | 2,577.21 | 2,814.76 | 3,526.17 |
| Expenses (₹ in lakhs) | 4,267.15 | 5,533.24 | 9,193.69 |
| Profit and Loss After Tax (₹ in lakhs) | 180.89 | 241.56 | 682.91 |
| Diluted EPS only (₹) | 1.24 | 1.62 | 4.33 |
| Return on Net Worth (%) | 7.02 | 8.58 | 19.37 |
| NAV per Equity Share (₹) | 17.60 | 18.87 | 22.38 |
| Total Assets (in lakhs) | 4,174.34 | 3,912.26 | 6,274.74 |
| Total Liabilities (in lakhs) | 1,597.13 | 1,097.5 | 2,712.57 |
| Debt Equity Ratio | 0.23 | 0.12 | 0.41 |
| Current Ratio (in times) | 1.90 | 1.97 | 1.66 |
| Inventory Turnover Ratio (in days) | 84 | 75 | 63 |
Namo eWaste Management Limited IPO Peer Comparison
Namo E-Waste Management Limited shows strong profitability and return on net worth, outperforming Cerebra Integrated Technologies Ltd, which has negative earnings. Eco Recycling Limited demonstrates higher return ratios, indicating effective management despite lower revenue.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | Book Value (₹ in lakhs) |
| Namo E-Waste Management Limited | 10,107.62 | 10 | – | 4.33 | 19.37 | 22.38 |
| Eco Recycling Limited | 3,527.00 | 10 | 95.79 | 9.44 | 27.68 | 34.11 |
| Cerebra Integrated Technologies Ltd | 5,335.44 | 10 | – | (4.32) | (23.02) | 18.75 |
Namo eWaste Management Ltd IPO Objective
The main objective of Namo eWaste Management Limited is to fund CapEx for Techeco Waste Management’s new Nashik factory and meet working capital requirements.
- Funding the Capital Expenditure requirements of their Subsidiary, Techeco Waste Management LLP, towards setting up a new factory unit in Nashik: The company intends to utilize INR 11.20 crores to expand operations by setting up a new factory unit in Nashik through its Subsidiary, Techeco Waste Management LLP, via capital contribution, debt, or other means.
- To Meet Working Capital Requirement: The company plans to utilize INR 22 crores from the Net Proceeds to meet additional working capital needs for trade receivables, inventories, and operational expenses, with the balance funded through future borrowings.
- General Corporate Purpose: The company will deploy the balance of funds for general corporate purposes, including meeting operating expenses, initial project development costs, business development, marketing, unforeseen contingencies, and other business needs.
Namo eWaste Management IPO Risks And Challenges
Namo eWaste Management Limited’s risk includes potential disruptions from failing to renew certification, higher procurement costs from fixed-price agreements, and challenges with setting up the lithium battery recycling plant, which could impact financial performance and operations.
- The risk of failing to renew their “Authorized E-waste recyclers” certification could disrupt operations, incur fines, and negatively affect their business. Non-compliance or regulatory changes may also lead to increased costs and operational challenges.
- Their reliance on fixed-price e-waste supply agreements may lead to higher procurement costs if market prices decline. This could affect cost efficiency, reduce margins, and challenge their competitive pricing, impacting profitability and operations.
- Setting up the new lithium battery recycling plant may face delays, cost overruns, and operational risks. Issues with financing, construction, or external agencies could adversely impact their financial condition, operations, and project outcomes.
Namo eWaste Management Ltd IPO – Industry & Market Potential
E-waste, consisting of discarded electronics like computers and TVs, is India’s fastest-growing waste stream, generating 3.2 million tonnes annually. Rapid obsolescence and informal, hazardous recycling practices exacerbate climate change and pollution challenges.
The Rules assign responsibilities to producers, dismantlers, recyclers, and dealers in e-waste management. E-waste recycling includes manual and mechanical processes, with technology crucial for efficiency. Institutions like BARC provide advanced technologies for enhanced processing.
India has 569 authorized e-waste recyclers with a 1.79 million TPA capacity and 3430 producers registered under E-Waste Rules. Hazardous waste sees 61.4% recycling, while plastic waste has 2232 brand owners with an EPR target of 32.84 lakh tons.
Namo eWaste Management Limited IPO – Type of Offer
Namo eWaste Management Limited is launching an IPO with a fresh issue of 60,24,000 shares worth INR 51.20 crores. The company aims to fund CapEx for a new Nashik factory, working capital, and general corporate purposes.
Namo eWaste Management IPO Offer Size
The offer size of Namo eWaste Management Limited is INR 51.20 crores, consisting of a fresh issue of 60,24,000 shares. The company seeks funds for CapEx for a new Nashik factory, working capital, and general corporate purposes.
Namo eWaste Management Limited IPO Allotment Structure
Namo eWaste Management Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 302,400 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 302,400 shares, are reserved for market makers.
How to apply for Namo eWaste Management IPO?
To apply for the Namo eWaste Management Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Namo eWaste Management Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Namo eWaste Management Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Namo eWaste Management IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Namo eWaste Management Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Namo eWaste Management Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Namo eWaste Management Limited IPO:
● Registrar’s Website: Visit the website of Maashitla Securities Private Limited, the registrar of the Namo eWaste Management Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Namo eWaste Management Ltd IPO Offer Registrar
The registrar for the Namo eWaste Management Limited IPO is Maashitla Securities Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura-110034,
New Delhi, India.
Tel No: +91-11-45121795
Email: [email protected]
Website: www.maashitla.com
Namo eWaste Management IPO – FAQs
1. What is the allotment date of the Namo eWaste Management IPO?
The allotment date of the Namo eWaste Management Limited IPO is September 9, 2024.
2. What is the price band of the Namo eWaste Management IPO?
The price band of the issue is INR 80-85 per share.
3. What is the size of the Namo eWaste Management IPO?
The offer size of Namo eWaste Management Limited is INR 51.20 crores, consisting of a fresh issue of 60,24,000 shares. The company seeks funds for CapEx for a new Nashik factory, working capital, and general corporate purposes.
4. What is the listing date of the Namo eWaste Management IPO?
The listing date of Namo eWaste Management Limited’s IPO is September 11, 2024.
