Namo eWaste Management Limited stands out as a leader in sustainable electronic waste management in India. The company is renowned for its comprehensive e-Recycling services and its commitment to environmentally friendly practices, including its zero waste discharge technology.

IPO Details:

Namo eWaste is offering a Book Built Issue amounting to ₹51.20 Crores, comprising an entirely Fresh Issue of 22.29 Lakh Shares. The subscription period for this 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, with the shares slated for listing on the NSE SME. The tentative listing date is Wednesday, September 11, 2024.

The price band for the IPO is set between ₹80 and ₹85 per share. Retail investors are required to invest a minimum of ₹136,000 for a lot size of 1,600 shares. High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (3,200 shares), totaling ₹272,000.

Hem Securities Limited is the book-running lead manager, Maashitla Securities Private Limited is the registrar, and Hem Finlease Private Limited will act as the Market Maker for the IPO.

Financial Performance:

Namo eWaste has demonstrated significant growth in its financial performance. The company's revenue increased from ₹4,509.00 Lakhs in FY22 to ₹5,856.07 Lakhs in FY23, and further to ₹10,107.62 Lakhs in FY24. EBITDA also saw an improvement, rising from ₹259.26 Lakhs in FY22 to ₹386.48 Lakhs in FY23, reaching ₹1,117.77 Lakhs in FY24. PAT grew from ₹180.89 Lakhs in FY22 to ₹241.56 Lakhs in FY23, and is now at ₹682.90 Lakhs in FY24, reflecting a robust financial trajectory.

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IPO Valuation Metrics:

For this IPO, the company is offering shares at a pre-issue EPS of ₹4.33 and a post-issue EPS of ₹2.98. The pre-issue P/E ratio is 19.63x, and the post-issue P/E ratio is 28.52x, compared to the industry P/E ratio of 95.79x. The company's ROCE for FY24 is 20.71% and ROE is 21.54%, indicating that the IPO is fairly priced and reflects a solid financial standing.

Grey Market Premium (GMP):

The Grey Market Premium for the IPO is anticipated to be in the range of ₹55 to ₹60, suggesting potential listing gains of 65% - 70%. Note that GMP is subject to market demand and supply and is provided for educational purposes only.

IPO Allotment Status:

To check the allotment status once available:

Visit the IPO allotment status page on the registrar’s website.

Select "Namo eWaste Management Limited IPO" from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Investors should follow these steps to determine their allotment status and make informed investment decisions.

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