Namo E-waste Management Limited IPO GMP

NAMO eWaste is a sustainable and cost-effective electronic waste management company in India. They provide comprehensive e-Recycling services in India for disposing of eWaste efficiently and in an environmentally friendly way, making their facility one of the most sustainable in the country with zero waste discharge technology.

Namo eWaste, an Book Built Issue amounting to ₹51.20 Crores, consisting entirely an Fresh Issue of 22.29 Lakh Shares. The subscription period for the Namo eWaste IPO opens on September 04, 2024, and closes on September 06, 2024. The allotment is expected to be finalized on or about Monday September 09, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday September 11, 2024.

The Share price band of Namo eWaste IPO is set at ₹80 to ₹85 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹136,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹272,000.

HEM SECURITIES LIMITED is the book-running lead manager, MAASHITLA SECURITIES PRIVATE LIMITED is the registrar for the Issue. Hem Finlease Private Limited is the sole Market Marker for the Namo eWaste IPO.

Namo E-Waste Management Limited IPO GMP Today
The Grey Market Premium of Namo eWaste Limited IPO is expected in the range of ₹55 to ₹60 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Namo E-Waste Management Limited IPO Live Subscription Status Today
As of 11:31 AM on 06 September 2024, the Namo E-Waste Management Limited IPO live subscription status shows that the IPO subscribed 44.88 times on its Last day of subscription period. Check the Namo E-Waste Management Limited IPO Live Subscription Status Today at NSE.

Namo E-Waste Management Limited IPO Allotment Status
Namo eWaste IPO allotment date is 9th September, 2024, Monday. Namo eWaste IPO Allotment will be out on 9th August 2024 and will be live on Registrar Website from the allotment date. Check Namo eWaste Management Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Namo eWaste Management Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Namo eWaste Management Limited IPO
Namo eWaste Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1,120.00 Lakhs is required for funding the Capital Expenditure of their subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik. 
2. ₹2,200.00 Lakhs is required to meet Working Capital
3. General Corporate Purpose

Refer to Namo eWaste Management Limited RHP for more details about the Company.