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Namo eWaste Management Ltd IPO

Status: Closed

Overview

IPO date
04 Sept 2024 to 06 Sept 2024
Face value
₹ 10 per share
Price
₹ 80 to ₹85 per share
Issue Size
6,024,000 shares
(aggregating up to ₹ 51.2 Cr)
Allotment Date
09 Sept 2024
Listing at
NSE
Issue type
Book Building - SME
Sector
Miscellaneous

Objectives of Namo eWaste Management Ltd IPO

Initial public offer of 60,24,000 equity shares of face value of Rs. 10 each (the "Equity Shares") of Namo EWaste Management Limited ("The Company" or "The Issuer") at an issue price of Rs. 85 per equity share (including share premium of Rs. 75 per equity share) for cash, aggregating up to Rs. 51.20 crores ("Public Issue") out of which 3,02,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating Rs. 2.57 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 57,21,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 48.63 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.34% and 25.02% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The issue price is 8.5 times with the face value of the equity shares.

Namo eWaste Management Ltd IPO Strategy

  • Expand its Domestic presence in existing and new markets.
  • Setup of new integrated factory unit through its subsidiary i.e. Techeco Waste Management LLP.
  • Focus on consistently meeting quality standards.
  • Scale up branding and promotional activities.

About Namo eWaste Management Ltd

Namo eWaste Management Limited was incorporated at Delhi, pursuant to a Certificate of Incorporation dated January 13, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company commenced commercial operations through a Certificate for Commencement of Business effective January 29, 2014. The Company is an E Waste collection, disposal and recycling company offering comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc. The services include e-waste collection, transportation, data destruction, IT Asset Disposition services, EPR services etc. catering to various MNCs, Indian Conglomerates and others. Electrical and electronic equipment comprises of many complex materials like batteries, plastics, glass, and ferrous and non-ferrous metals. These materials must be processed carefully to avoid releasing harmful chemicals into the environment. The Company carry out all recycling operations through its factory located at Faridabad in Haryana for processing of extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc. Apart from this, it has one Storage & Dismantling Unit, which is used for dismantling of e-waste. Their infrastructure in factory gives flexibility to process various types of E-waste and scrap, and manufacture alloys in line with the required composition and also enables Company to process and utilize various types of scrap. This include machineries and other handling equipment to facilitate smooth recycling process. Further, as a certification of the quality assurance, Company received ISO 9001:2015 for Quality Management System, ISO 14001:2015 for Environmental Management System, ISO 27001:2022 for Information Security Management System & ISO 45001:2018 for Occupational Health and Safety Management Systems for handling hazardous products and disposing them safely to keep environment green. In April 2023, to expand business operations, the Company acquired Techeco Waste Management LLP, which was carrying on the business of ewaste recycling as partnership firm since October 2018. The Company is proposing the Public Offer of 72,06,000 Equity Shares through Fresh Issue.

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T&C*

Strengths vs Risks of Namo eWaste Management Ltd

Know the pros & cons

Strengths

  • arrowA dedicated service provider for collection, management and recycling of E-waste material through in-house factory unit.
  • arrowStringent quality control mechanism ensuring standardized product quality.
  • arrowDiversified revenue from multiple geographies.
  • arrowSynergy of young and experienced management team.

Risks

  • arrowThe company is an authorised E-waste recyclers to carry on the business of Ewaste collection, disposal and recycling. Failure to renew it in a timely manner may result in fines, legal penalties, or even business shutdown.
  • arrowThe company is primarily dependent upon few key suppliers within limited geographical location for collection and recycling of electronic waste, with whom the company has entered into long term purchase agreements which imposes fixed pricing conditions, stipulating that the company must purchase the materials at predetermined prices irrespective of market fluctuations.
  • arrowThe company generate its major portion of sales from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
  • arrowIf there is delay in setting up of proposed factory unit or if the costs of setting up and the possible time required to set up Proposed factory unit by its subsidiary i.e. Techeco Waste Management LLP, are higher than expected, it could have an adverse effect on its financial condition, results of operations and growth prospects.
  • arrowThe company has not complied with certain statutory provisions of the Companies Act, 2013. Such non-compliance may attract penalties against the Company which could impact the financial position of it to that extent.
  • arrowThe company had made capital expenditure in year 2019, to set up a factory unit in Khata No. 150, Survey No. 22, Old Survey No. 27, Sub District Mandal, Anandpura, 382120, Ahmedabad, Gujarat, which is owned by company but the same is not operational as on the date of this Draft Red Herring Prospectus.
  • arrowThe company has not registered the trademarks which its using for the company's business. Its may be unable to protect its intellectual property or knowhow from third party infringement which could harm its brand and services.
  • arrowThe restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
  • arrowThe company does not own the registered office, factory unit, branch office, warehouse and Storage & Dismantling unit from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.
  • arrowSubstantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on the company's business, cash flows, results of operations and financial condition.
  • arrowThe company requires certain approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate its business may adversely affect the company operations and financial conditions.
  • arrowUnder-utilization of its recycling capacities and an inability to effectively utilize the company expanded recycling capacities could have an adverse effect on its business, future prospects and future financial performance.
  • arrowThe Company, Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have an adverse effect on its business, results of operations and financial condition.
  • arrowThe company is subject to competition from both organized and unorganized players in the market, which may adversely affect its business operation and financial condition.
  • arrowIts insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
  • arrowThe Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • arrowThe company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements in the proposed facilities to be set up in Nashik. The company is yet to place orders for such capital expenditure machinery.
  • arrowInventories and trade receivables form a major part of its current assets. Failure to manage the company's inventory and trade receivables could have an adverse effect on its net sales, profitability, cash flow and liquidity.
  • arrowIts historical performance is not indicative of the company's future growth or financial results and its may not be able to sustain our historical growth rates.
  • arrowIts promoter group entity i.e. Vardhman Sales Agency operate in the same line of business as it, which may lead to conflict of interest.
  • arrowAdverse publicity regarding its products could negatively impact the company.
  • arrowThe company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • arrowIts Contingent Liability and Commitments could affect the company financial position.
  • arrowIts recycling activities require deployment of labour and depends on availability of labour. In case of unavailability of such labour, its business operations could be affected.
  • arrowThe company is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of its business through their continuing services and strategic guidance and support.
  • arrowCompliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect its business, prospects, financial condition and results of operations.
  • arrowThe Objects of the Issue for which funds are being raised, are based on its management estimates and have not been appraised by any bank or financial institution or any independent agency.
  • arrowThe Company has taken unsecured loans that may be recalled by the lenders at any time and the Company may not have adequate working capital to make timely payments or at all.
  • arrowChanges in technology may render its current technologies obsolete or require the company to make substantial investments.
  • arrowActivities involving its recycling process can cause injury to people or property in certain circumstances. A significant disruption at any of its recycling facilities may adversely affect the company production schedules, costs, sales and ability to meet customer demand.
  • arrowThe average cost of acquisition of Equity Shares by its Promoters, is lower than the face value of Equity Share.
  • arrowThe company has issued Equity Shares in the last 12 months at a price which could be lower than the Issue Price.
  • arrowDependence upon third party transportation services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
  • arrowThe Promoters (including Promoter Group) and Directors hold almost 93.67% of the Equity Shares of the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
  • arrowThe company cannot assure you that its will be able to secure adequate financing in the future on acceptable terms. Its failure to obtain sufficient financing could result in delay or abandonment of its business plans and this may have an adverse effect on the company's growth and operations.
  • arrowAny variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
  • arrowThe company has incurred indebtedness which exposes it to various risks which may have an adverse affect on its business and results of operations.
  • arrowLoans availed by the Company has been secured on personal guarantees of its Director. The company's business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Directors.
  • arrowThe company has not received NOC from one of its lender for undertaking the initial public offer of equity shares.
  • arrowThe company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • arrowThe company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • arrowThe company may not be able to sustain effective implementation of its business and growth strategy.
  • arrowThe company is subject to the restrictive covenants of banks in respect of the Loans/ Credit Limits and other banking facilities availed from them.
  • arrowRelevant copy of educational qualification of one of its promoter i.e. Rachna Jain is not traceable.
  • arrowIts may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
  • arrowAny Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
  • arrowIndustry information included in this Draft Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • arrowTechnology failures or Cyber-attacks or other security breaches could have a material adverse effect on its business, results of operation or financial condition.
  • arrowInformation relating to its production capacities and the historical capacity utilization of its production facilities included in this Draft Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
  • arrowIts ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • arrowThere is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • arrowIts Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • arrowCertain key performance indicators for certain listed industry peers included in this Draft Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • arrowThe Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of National Stock Exchange of India Limited in a timely manner or at all.
  • arrowThe company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by the company.
  • arrowThe Issue price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • arrowInvestors other than retail (including non- institutional investors and Corporate Bodies) are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after submitting an Application.
  • arrowCertain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
  • arrowQIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.

Namo eWaste Management Ltd Peer Comparison

Understand the company’s industry standing

Namo eWaste Management Ltd
Eco Recycling Ltd
Cerebra Integrated Technologies Ltd
Face Value
10
10
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
101.0762
35.27
53.3544
EPS-Basis
4.33
9.44
-4.32
EPS-Diluted
4.33
9.44
-4.32
NAV Per Share
---
---
---
P/E-Basic EPS
19.63
95.79
---
P/E-Diluted EPS
---
---
---
RONW(%)
19.37
27.68
-23.02
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 04 Sept 2024 & closes on 06 Sept 2024.

Namo eWaste Management Limited was incorporated at Delhi, pursuant to a Certificate of Incorporation dated January 13, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company commenced commercial operations through a Certificate for Commencement of Business effective January 29, 2014. The Company is an E Waste collection, disposal and recycling company offering comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc. The services include e-waste collection, transportation, data destruction, IT Asset Disposition services, EPR services etc. catering to various MNCs, Indian Conglomerates and others. Electrical and electronic equipment comprises of many complex materials like batteries, plastics, glass, and ferrous and non-ferrous metals. These materials must be processed carefully to avoid releasing harmful chemicals into the environment. The Company carry out all recycling operations through its factory located at Faridabad in Haryana for processing of extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc. Apart from this, it has one Storage & Dismantling Unit, which is used for dismantling of e-waste. Their infrastructure in factory gives flexibility to process various types of E-waste and scrap, and manufacture alloys in line with the required composition and also enables Company to process and utilize various types of scrap. This include machineries and other handling equipment to facilitate smooth recycling process. Further, as a certification of the quality assurance, Company received ISO 9001:2015 for Quality Management System, ISO 14001:2015 for Environmental Management System, ISO 27001:2022 for Information Security Management System & ISO 45001:2018 for Occupational Health and Safety Management Systems for handling hazardous products and disposing them safely to keep environment green. In April 2023, to expand business operations, the Company acquired Techeco Waste Management LLP, which was carrying on the business of ewaste recycling as partnership firm since October 2018. The Company is proposing the Public Offer of 72,06,000 Equity Shares through Fresh Issue.

Namo eWaste Management Ltd IPO will close on 06 Sept 2024.

  • A dedicated service provider for collection, management and recycling of E-waste material through in-house factory unit.
  • Stringent quality control mechanism ensuring standardized product quality.
  • Diversified revenue from multiple geographies.
  • Synergy of young and experienced management team.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Akshay Jain 8291439 49.23 8291439 36.26
2 Rachana Jain 5952258 35.34 5952258 26.03

  • The company is an authorised E-waste recyclers to carry on the business of Ewaste collection, disposal and recycling. Failure to renew it in a timely manner may result in fines, legal penalties, or even business shutdown.
  • The company is primarily dependent upon few key suppliers within limited geographical location for collection and recycling of electronic waste, with whom the company has entered into long term purchase agreements which imposes fixed pricing conditions, stipulating that the company must purchase the materials at predetermined prices irrespective of market fluctuations.
  • The company generate its major portion of sales from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
  • If there is delay in setting up of proposed factory unit or if the costs of setting up and the possible time required to set up Proposed factory unit by its subsidiary i.e. Techeco Waste Management LLP, are higher than expected, it could have an adverse effect on its financial condition, results of operations and growth prospects.
  • The company has not complied with certain statutory provisions of the Companies Act, 2013. Such non-compliance may attract penalties against the Company which could impact the financial position of it to that extent.
  • The company had made capital expenditure in year 2019, to set up a factory unit in Khata No. 150, Survey No. 22, Old Survey No. 27, Sub District Mandal, Anandpura, 382120, Ahmedabad, Gujarat, which is owned by company but the same is not operational as on the date of this Draft Red Herring Prospectus.
  • The company has not registered the trademarks which its using for the company's business. Its may be unable to protect its intellectual property or knowhow from third party infringement which could harm its brand and services.
  • The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
  • The company does not own the registered office, factory unit, branch office, warehouse and Storage & Dismantling unit from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.
  • Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on the company's business, cash flows, results of operations and financial condition.
  • The company requires certain approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate its business may adversely affect the company operations and financial conditions.
  • Under-utilization of its recycling capacities and an inability to effectively utilize the company expanded recycling capacities could have an adverse effect on its business, future prospects and future financial performance.
  • The Company, Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have an adverse effect on its business, results of operations and financial condition.
  • The company is subject to competition from both organized and unorganized players in the market, which may adversely affect its business operation and financial condition.
  • Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
  • The Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements in the proposed facilities to be set up in Nashik. The company is yet to place orders for such capital expenditure machinery.
  • Inventories and trade receivables form a major part of its current assets. Failure to manage the company's inventory and trade receivables could have an adverse effect on its net sales, profitability, cash flow and liquidity.
  • Its historical performance is not indicative of the company's future growth or financial results and its may not be able to sustain our historical growth rates.
  • Its promoter group entity i.e. Vardhman Sales Agency operate in the same line of business as it, which may lead to conflict of interest.
  • Adverse publicity regarding its products could negatively impact the company.
  • The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • Its Contingent Liability and Commitments could affect the company financial position.
  • Its recycling activities require deployment of labour and depends on availability of labour. In case of unavailability of such labour, its business operations could be affected.
  • The company is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of its business through their continuing services and strategic guidance and support.
  • Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect its business, prospects, financial condition and results of operations.
  • The Objects of the Issue for which funds are being raised, are based on its management estimates and have not been appraised by any bank or financial institution or any independent agency.
  • The Company has taken unsecured loans that may be recalled by the lenders at any time and the Company may not have adequate working capital to make timely payments or at all.
  • Changes in technology may render its current technologies obsolete or require the company to make substantial investments.
  • Activities involving its recycling process can cause injury to people or property in certain circumstances. A significant disruption at any of its recycling facilities may adversely affect the company production schedules, costs, sales and ability to meet customer demand.
  • The average cost of acquisition of Equity Shares by its Promoters, is lower than the face value of Equity Share.
  • The company has issued Equity Shares in the last 12 months at a price which could be lower than the Issue Price.
  • Dependence upon third party transportation services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
  • The Promoters (including Promoter Group) and Directors hold almost 93.67% of the Equity Shares of the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
  • The company cannot assure you that its will be able to secure adequate financing in the future on acceptable terms. Its failure to obtain sufficient financing could result in delay or abandonment of its business plans and this may have an adverse effect on the company's growth and operations.
  • Any variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
  • The company has incurred indebtedness which exposes it to various risks which may have an adverse affect on its business and results of operations.
  • Loans availed by the Company has been secured on personal guarantees of its Director. The company's business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Directors.
  • The company has not received NOC from one of its lender for undertaking the initial public offer of equity shares.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • The company may not be able to sustain effective implementation of its business and growth strategy.
  • The company is subject to the restrictive covenants of banks in respect of the Loans/ Credit Limits and other banking facilities availed from them.
  • Relevant copy of educational qualification of one of its promoter i.e. Rachna Jain is not traceable.
  • Its may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
  • Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
  • Industry information included in this Draft Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • Technology failures or Cyber-attacks or other security breaches could have a material adverse effect on its business, results of operation or financial condition.
  • Information relating to its production capacities and the historical capacity utilization of its production facilities included in this Draft Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
  • Its ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • Its Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • Certain key performance indicators for certain listed industry peers included in this Draft Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of National Stock Exchange of India Limited in a timely manner or at all.
  • The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by the company.
  • The Issue price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • Investors other than retail (including non- institutional investors and Corporate Bodies) are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after submitting an Application.
  • Certain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
  • QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.

The Issue type of Namo eWaste Management Ltd is Book Building - SME.

The minimum application for shares of Namo eWaste Management Ltd is 1600.

The total shares issue of Namo eWaste Management Ltd is 6024000.

Initial public offer of 60,24,000 equity shares of face value of Rs. 10 each (the "Equity Shares") of Namo EWaste Management Limited ("The Company" or "The Issuer") at an issue price of Rs. 85 per equity share (including share premium of Rs. 75 per equity share) for cash, aggregating up to Rs. 51.20 crores ("Public Issue") out of which 3,02,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating Rs. 2.57 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 57,21,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 48.63 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.34% and 25.02% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The issue price is 8.5 times with the face value of the equity shares.