Namo eWaste Management IPO share allotment: Steps to check status on NSE, Maashitla Securities

Namo eWaste Management IPO share allotment status is expected to be finalised on Monday, September 9. The NSE SME issue closed with robust demand on Friday, September 6.

Namo eWaste Management Ltd received bids for more than 90.43 crore shares against 40.06 lakh shares offered for bidding, resulting in an oversubscription of 225.71 times.

The Non-Institutional Investors (NIIs) booked their quota 394.55 times and the retail quota was booked 195.53 times. The Qualified Institutional Buyers (QIBs) booked their segment 151.75 times.

Steps to check Namo eWaste Management IPO share allotment status on NSE

• Visit the NSE IPO allotment status page through the link- www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Type your username and password. You will have to generate a new login id and password if you are not registered on the NSE website.
• Choose Namo eWaste Management from the drop-down menu.
• Verify your PAN number.
• Enter your IPO application Number.
• Click submit and your allotment details will be shown on screen

Here’s how to check Namo eWaste Management IPO share allotment on the registrar's website:

• Go to the Maashitla Securities’ website using this link - https://maashitla.com/
• Go to the 'Allotment Status' section of the home page.
• Choose the 'Check Application Status' tab.
• Select ‘Namo eWaste Management’ from the company name dropdown list.
• Type in your PAN/Application Number/Demat Account Number.
• Click the 'Submit' button.

After finalising the share allotment status, Namo eWaste Management will initiate refunds for non-allottees on Tuesday, September 10. Shares will also be credited to the demat accounts of successful bidders on the same day.

Namo eWaste Management shares are set to debut on the NSE SME platform on September 3.

Namo eWaste Management: Offer size

Namo eWaste Management IPO, a book-building issue worth ₹51.2 crore, consisted entirely of a fresh issue of 60.24 lakh shares.

Namo eWaste Management IPO: Price band, lot size

Namo eWaste Management IPO price band was fixed at ₹80 to ₹85 per share. The minimum lot size for retail investors was a single lot of 1,600 shares, aggregating to an investment of ₹1,36,000.

Namo eWaste Management IPO objective

Namo eWaste Management plans to use the money raised via the public issue to fund the capital expenditure requirements of its subsidiary, Techeco Waste Management LLP. A portion of the funds will also be used to meet working capital requirements and for general corporate purposes.

About Namo eWaste Management

Namo eWaste Management Limited was founded in 2014. The company provides services for collection, disposal, and recycling of e-waste. The services provided by the company include electronics recycling, refurbishment, and extended producer responsibility (EPR) services. The company employed 48 workers as of March 31, 2024.