Namo eWaste Skyrockets 90% on NSE SME Debut, Opens at ₹161.50 Amid Investor FrenzyNamo eWaste Skyrockets 90% on NSE SME Debut, Opens at ₹161.50 Amid Investor Frenzy

Namo eWaste Management shares had a remarkable debut on NSE SME, opening at ₹161.50 per share, a 90% premium over its issue price of ₹85. This impressive listing highlights the strong investor demand for the company’s shares as it enters the stock market.

Namo eWaste Management IPO garnered strong interest, reaching a subscription rate of 225.64 times on its final day. This robust demand highlights the strong investor confidence and enthusiasm for the company’s business model and prospects in the waste management sector.

Namo eWaste Management, an ISO-certified company, specialises in comprehensive electronic waste recycling. It recovers valuable metals and processes complex materials, while also raising public awareness through campaigns. Partnering with manufacturers and aggregators, authorised recyclers offer SPCB and CPCB-certified recycling certificates, fulfilling EPR obligations. Their services include electronic recycling, data destruction, IT asset disposition, and compliance assistance under E-waste Management Rules.

Namo eWaste Management aims to fund Techeco Waste Management’s new Nashik factory, meet working capital needs, and allocate remaining funds for general corporate purposes, including operations, marketing, and project development.