Namo eWaste Management Limited
listed
₹1.28LMin. investment
Namo eWaste Management Limited IPO Details
Issue size
₹51.2Cr
IPO type
SME
Price range
₹80.00 – ₹85.00
Listing date
11 Sep 2024
Lot size
1600 shares
Price range₹80.00 – ₹85.00
IPO type
SME
Lot size1600 shares
Issue size₹51.2Cr
Namo eWaste Management Limited Timeline
- Bid start4 Sep 2024
- Bid end6 Sep 2024
- Allotment6 Sep 2024
- Release of funds10 Sep 2024
- Demat transfer9 Sep 2024
- Listing11 Sep 2024
About Namo eWaste Management Limited
Namo eWaste Management Limited stands as a pioneering force in the field of e-waste collection, disposal, and recycling. Specializing in handling a wide array of electrical and electronic equipment (EEE) waste, including air conditioners, refrigerators, laptops, phones, and washing machines, they are dedicated to managing substantial volumes of e-waste. Their expertise extends to extracting valuable metals like copper, aluminum, and iron, as well as dealing with complex materials such as batteries, plastics, and glass. They ensure that these materials are processed in a manner that prevents harmful chemicals from contaminating the environment, thereby promoting sustainable recycling and reuse.
Their comprehensive service portfolio encompasses several critical areas of e-waste management. In electronic recycling, they process obsolete or irreparably damaged devices by dismantling them to recover useful materials and safely dispose of hazardous elements. They also offer data destruction services and IT asset disposition, including data degaussing, hard disk shredding, and software data destruction, ensuring that confidential information on IT assets is securely erased to prevent unauthorized access. For functional but outdated electronics, they provide refurbishment services, involving testing, repairing, and cleaning devices from brands like Apple, HP, Lenovo, and Dell, making them available for resale through various channels.
Their infrastructure includes a main factory located at Faridabad, and a storage and dismantling unit in Palwal, Haryana. These facilities are equipped with the necessary machinery and handling equipment to facilitate an efficient recycling process. In April 2023, they expanded their capabilities through the acquisition of Tech eco Waste Management LLP, which operates a factory in Nashik, Maharashtra. This strategic expansion enhances their ability to manage larger volumes of e-waste and supports their growth objectives.
Namo eWaste Management Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical 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 Requirement
- General Corporate Purpose
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Namo eWaste Management Limited Contact Details
Company NameNamo eWaste Management Limited
How to apply for Namo eWaste Management Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Namo Ewaste Management IPO FAQs
How to invest in the Namo eWaste Management Limited ?
Investors can apply for the Namo eWaste Management Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Namo eWaste Management Limited ?
The issue size of the Namo eWaste Management Limited is 51.2 Cr.
What is 'pre-apply' for Namo eWaste Management Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Namo eWaste Management Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the Namo eWaste Management Limited ?
Namo eWaste Management Limited will be open between 2024-09-04 and 2024-09-06.
What is the allotment date for the Namo eWaste Management Limited ?
Namo eWaste Management Limited allotment date is 2024-09-09. For Namo eWaste Management Limited allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Namo eWaste Management Limited ?
For Namo eWaste Management Limited, the IPO registrar is Maashitla Securities Private Limited. You can check Namo eWaste Management Limited allotment status on the website of the registrar.
Where is the Namo eWaste Management Limited getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Namo eWaste Management Limited shares be credited to your demat account?
The Namo eWaste Management Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Namo eWaste Management Limited ?
The Namo eWaste Management Limited lot size is 1600 and minimum order quantity is 1600.
What is the price band for the Namo eWaste Management Limited ?
Namo eWaste Management Limited has set the price band for its IPO at 85 per equity share with a face value of 10.