Namo eWaste Management IPO: Review, Date & GMP

Namo eWaste Management IPO-Complete Overview

Namo eWaste Management IPO an SME IPO is a book built issue of Rs.51.20 crore by Namo eWaste Management Ltd. which was founded in 2014 and provides e-waste collection, disposal, and recycling services.

The e waste management in India consists of 569 licensed e-waste recyclers and dismantlers, with a combined yearly processing capacity of 17,90,348 TPA. 

It is among e waste disposal companies in India and top e waste recycling listed companies in India that offers comprehensive services for the recycling of Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, computers, phones, washing machines, fans, and more. The company is accredited by ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018.

The services offered by the business comprise:

• Recycling of electronics 

• Renovation

• Services under Extended Producer Responsibility (EPR).

The company has rented a 16,010 square meter storage and dismantling unit in Palwal, Haryana, India, and a 25,666 square meter factory in Faridabad, Haryana, India.

This new SME IPO is to be launched on 04 September 2024, and its ‘initial public offering’ will end on 06 September 2024.

Namo eWaste Management IPO Overview

The Rs.51.20 crore waste management IPO consists of a wholly fresh issue of 60.24 lac Shares.

The IPO date is from September 04-September 06, 2024. The expected IPO listing date is Wednesday, September 11, 2024, on NSE and SME. The IPO price is Rs.80 to Rs.85 for each Share.

 

 

To open a demat account and apply for the IPO, Click Here.

Company Financial 

Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

• The total assets of the company are Rs.6,274.74 lac.

• The total revenue of the company is Rs.10,107.62 lac.

• The company’s PAT is Rs.682.9 lac.

• The net worth of the company is Rs.3,526.17 lac.

• The company’s EBITDA is Rs.1117.77 lac.

(Amount in lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Product-wise Revenue Breakdown During The Last Three Fiscals

(Amount in lac)

 

Geography-wise Revenue Breakdown During The Last Three Fiscals

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the capital expenditures needed by its subsidiary, Techeco Waste Management LLP, to establish a new manufacturing facility in Nashik.

• Meeting working capital needs.

• General corporate purposes.

 

Peers of Namo eWaste Management Ltd. 

Evaluation

The IPO price is Rs.80 to Rs.85 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.4.33 from the last year, the resulting P/E ratio is 19.63x.

Considering the weighted EPS of Rs.2.91 for the last three years, the P/E ratio is 29.21x.Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 95.79x.In simple words, the P/E ratio of Namo eWaste Management IPO (19.63x) compared with the industry’s average P/E of 95.79x, has undervaluation. Hence the price seems fairly priced based on the average P/E ratio of the industry.

Note: The P/E Ratio of the industry has been computed based on the closing market price of equity shares on August 14, 2024.

 

IPO's Strengths

• A committed service provider using an internal manufacturing unit for the management, recycling, and collection of e-waste.

• Tight quality control measures that guarantee consistent product quality

• Diversified revenue from several regions

• The management team's synergy of youth and experience.

 

IPO’s Weaknesses

• As authorized recyclers of electronic trash, the company can conduct the collection, disposal, and recycling of electronic waste. If it is not renewed on time, there could be fines, legal repercussions, or even the closure of the business.

• Its business, future prospects, and financial performance could be negatively impacted by underutilizing its recycling capacities and failing to efficiently utilize its enhanced recycling capacities.

• Both organized and unstructured competitors may pose a threat to its financial health and ability to conduct business, because of competition.

• The company had a negative cash flow from its operating, investing, and financing activities in the past FYs, and sustained negative cash flow could impact its growth and business.

Namo eWaste Management IPO Limited GMP Today

Namo eWaste Management IPO Limited GMP today is Rs.50 as of 31 August 2024.

 

IPO Timetable (Tentative)

The IPO date is from September 04 to September 06, 2024, with allotment on September 09, refund initiation on September 10, and listing on September 11, 2024.

 

Namo eWaste Management IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 04, 2024, close on September 06, 2024, and offer a total issue size of 6,024,000 Shares (aggregating up to Rs.51.20 Cr).

 

Namo eWaste Management IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,36,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3,200 Shares) amounting to Rs.2,72,000.

 

Namo eWaste Management IPO Reservation

Promoters And Management of Namo eWaste Management Ltd.

• Akshay Jain

• Rachna Jain

IPO Lead Managers

• Hem Securities Limited.

 

Dividend Policy

The company has not paid dividends during the last three fiscals.

 

Conclusion

The company has experienced negative cash flow in operating, investing, and financing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer:  This content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.

Click Here to stay updated with the Upcoming IPOs.

Want to start Your Journey in stock market trading and investment? Join our Stock Market Class to become a beginner to expert trader! We cover everything from the basics of trading to advanced strategies for picking stocks. Plus, we're offering a special discount for women and students. Don't miss out - enroll now and kickstart your path to success in the stock market!Open a world of Stock Market by Opening a Demat Account with your favorite Broking firm & Get a trading Strategy worth Rs.15,000!

Click here to open a Free Demat Account.

Thank You for reading this blog. Hope you loved the IPO analysis Please Comment Below with your feedback because Your feedback motivates us to deliver more such content.

Follow MUKUL AGRAWAL for the latest IPO news and reviews. You can connect with us on social media platforms like Twitter, Facebook, and Instagram. You can also subscribe to our YouTube Channel for the latest videos of the stock.