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What is the business of Namo eWaste?

Namo eWaste is an E Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc. It is an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, complying with strict environmental regulations regarding handling hazardous products and disposing them safely to keep the environment green.
It is committed towards managing large volume of electrical and electronic equipment waste and able to extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc. 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.
It takes steps to safely recover valuable commodities within e-waste for recycling and reuse. As authorized recyclers it enters into procurement service contracts with these manufacturers and producers to pick up e-waste from their service centres, warehouses and retail outlets. Apart from this E-waste is also sourced through waste aggregators who collect e waste from consumers by going door to door.
The company has engaged aggregators across various places in India who form a support for our e-waste collection for EPR. 
After procurement and processing the E-waste, it also issues a certificate of recycling/certificate of dismantling or green certificate (to producers/manufacturers who require to manage their obligation under E-waste Management Rule) which is authorized from the State Pollution Control Board (SPCB) and Central Pollution Control Board (CPCB).

Get more information about the company @ http://www.namoewaste.com/

Who are the Promoters of Namo eWaste IPO?

Akshay Jain and Rachna Jain are the promoters of the company

What are the Objects of Namo eWaste IPO?

The Offer comprises of fresh issue of shares.

The company intends to utilize the proceeds of the Issue to meet the following objectives:

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.
2. To Meet Working Capital Requirement.
3. General Corporate Purpose.

Namo eWaste IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Namo eWaste IPO Review

Namo eWaste is an E Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc.

Size:  Net size of the IPO is Rs.48.63 crore, comprising of 5721600 shares. The size of the IPO is not very small and so huge oversubscription may not be seen.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO. The shares are offered at reasonable valuation.   
+ from fundamental angle: May Apply
+ from grey market angle: ?

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Namo eWaste IPO GMP today allotment, review?

Namo eWaste IPO GMP grey market premium

Namo eWaste IPO FAQs

What is Namo eWaste IPO?

This is a SME IPO of 6024000 equity shares of the face value of Rs. 10 aggregating up to Rs.51.20 Crores. The issue is priced at Rs.85 per share. The minimum order quantity is 1600 Shares.

When will Namo eWaste IPO subscription open?

Namo eWaste IPO opens on September 4, 2024, and closes on September 6, 2024.

What is the lot size of Namo eWaste IPO?

Namo eWaste IPO lot size is 1600 Shares, and the minimum amount required is Rs.136000

How to apply for Namo eWaste IPO?

You can apply in Namo eWaste IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Namo eWaste IPO allotment?

The finalization of Basis of Allotment for Namo eWaste IPO will be done on September 9, 2024, and the allotted shares will be credited to your demat account by September 10, 2024.

When is Namo eWaste IPO listing date?

Namo eWaste IPO listing date is September 11, 2024.