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Namo eWaste Management IPO
Price Band
₹80.0–85.0
Issue Size
₹51.2 Cr
Lot Size
1,600 shares
Min Investment
₹136,000
GMP
+₹82.0 (96.47%)
Issue Price
₹85.0
Subject to Sauda
₹99700
Paid only if allotted
Namo eWaste Management IPO AI Summary
- Namo eWaste Management IPO is listed on NSE SME in the Waste Management sector.
- Price band: ₹80.0–₹85.0 per share, lot size 1,600 shares (min. investment ₹136,000).
- Subscription window: 04 Sep–06 Sep 2024, listing on 11 Sep 2024.
- Current GMP is +₹82.0 (96.47%), an estimated listing price of ₹167 — unofficial and can change daily.
Namo eWaste Management Limited is set to list soon, focusing on the growing e-waste management sector. With a solid increase in revenue and profit over recent years, the company aims to utilize the IPO proceeds for expansion and working capital.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Namo eWaste Management IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Namo eWaste Management IPO Grey Market Premium (GMP) Today
GMP
+₹82.0
GMP %
+96.47%
Est. Listing
₹167.0
Updated: 25 Jul 2026 14:04
About the Company
Namo eWaste Management Limited was founded in 2014 and offers services for the collection, disposal, and recycling of e-waste. Namo eWaste Management is an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company and provides comprehensive services for the recycling of Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, etc. The company's service portfolio includes: Electronics recycling Refurbishment Extended producer responsibility (EPR) services The company has leased a factory in Faridabad, Haryana, India, with an area of 2566 square meters, and a storage and dismantling unit in Palwal, Haryana, India, with an area of 16,010 square meters. On March 31, 2024, the company employed around 48 people.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 62.75 | 39.12 | 41.74 |
| Total Income | 101.08 | 58.56 | 45.09 |
| Profit After Tax | 6.83 | 2.42 | 1.81 |
| NET Worth | 35.26 | 28.15 | 25.77 |
| Reserves and Surplus | 18.42 | 21.09 | 18.72 |
| Total Borrowing | 14.53 | 3.45 | 5.98 |
Key Ratios
EPS
₹4.05
NAV
₹22.38
ROE
21.54%
ROCE
20.71%
RoNW
19.37%
P/E Ratio
20.96
Market Cap
₹194.37 Cr
PAT Margin
6.77%
Debt/Equity
0.41
Peer Comparison
| Company | RoNW | EPS Basic | EPS Diluted | P/E (x) |
|---|---|---|---|---|
| Cerebra Integrated Technologies Ltd. | -23.02% | -4.32 | -4.32 | — |
| Eco Recycling Ltd. | 27.68% | 9.44 | 9.44 | 95.79 |
| Namo eWaste Management Limited This IPO | 19.37% | 4.33 | 4.33 | 20.96 |
Promoters
Akshay Jain and Rachna Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik. 11.20 2 To Meet Working Capital Requirement 22.00 3 General Corporate Purpose 11.83
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹45.09 Cr in the period ending 31 Mar 2022, rising to ₹58.56 Cr by 31 Mar 2023, and further increasing to ₹101.08 Cr by 31 Mar 2024.
Profit Trend
Profit after tax was ₹1.81 Cr in the period ending 31 Mar 2022, increasing to ₹2.42 Cr by 31 Mar 2023, and further rising to ₹6.83 Cr by 31 Mar 2024.
Valuation
Namo eWaste Management Limited has a P/E ratio of 20.96 at the issue price, compared to peers like Eco Recycling Ltd. which has a P/E of 95.79. This implies that Namo is priced at roughly 0.22 times the earnings of its peers.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before their formal listing. The Grey Market Premium (GMP) indicates the expected listing price compared to the issue price. A positive GMP suggests that the stock may list at a higher price than its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, industry position, and financial health. It's important to consider how the company aligns with your investment goals and risk tolerance.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed short-term returns may want to avoid this IPO. Additionally, those unfamiliar with the waste management sector or the specific business model of Namo eWaste Management might find this investment less suitable.
IPO Timeline, Explained
The IPO opens for subscription on September 4, 2024, and closes on September 6, 2024. Allotment of shares will be done on September 9, 2024, and the shares are expected to be listed on the stock exchange on September 11, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and influenced by market sentiment, demand for the stock, and overall market conditions. While a positive GMP may suggest potential gains, there are no guarantees, and investors should be prepared for the possibility of price fluctuations post-listing.
This evaluation is generated from Namo eWaste Management's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Namo eWaste Management IPO GMP today?
Namo eWaste Management IPO GMP today is +₹82.0 (96.47%), indicating an estimated listing price of ₹167. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Namo eWaste Management IPO?
The price band of Namo eWaste Management IPO is ₹80.0–₹85.0 per share.
When does Namo eWaste Management IPO open and close?
Namo eWaste Management IPO opens on 04 September 2024 and closes on 06 September 2024.
When does Namo eWaste Management IPO list on the stock exchange?
Namo eWaste Management IPO listed on 11 September 2024 at ₹167.0.
What is the lot size for Namo eWaste Management IPO?
The lot size for Namo eWaste Management IPO is 1600 shares, requiring a minimum investment of ₹136,000.
What is the price band for the Namo eWaste Management IPO?
The price band for the IPO is ₹80.0 to ₹85.0.
What is the minimum investment required?
The minimum investment required is ₹136,000.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When is the listing date for the IPO?
The listing date for the IPO is September 11, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which a stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Sep 2024
Close
06 Sep 2024
Allotment
09 Sep 2024
Listing
11 Sep 2024
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