Overview of Namo eWaste Management Limited IPO

Introduction

Namo eWaste Management Limited, a company dedicated to managing electronic waste (e-waste) in an environmentally responsible manner, is preparing to launch its Initial Public Offering (IPO). This IPO represents an opportunity for investors to support a company that is tackling one of the most pressing environmental challenges—electronic waste. The funds raised from the IPO will be used to expand the company’s operations, enhance its processing capabilities, and strengthen its market presence.

IPO Details

• Face Value: ₹10 per equity share

• Price Band: ₹80 to ₹85 per share

• Issue Percentage:

• Qualified Institutional Buyers (QIB): Not less than 50%

• Retail Investors: Not less than 35%

• Non-Institutional Investors (NII): Not less than 15%

• Lot Size: 1600 Shares  Amount ₹136,000

• Total Issue Size: 60,24,000 equity shares (aggregating up to ₹51.20 Cr)

• Issue Type:  Book Built Issue

• Listing Platform: NSE Emerge (SME Platform)

• Market Maker: Hem Finlease Private Limited

• Lead Manager: Hem Securities Limited

• Registrar: Maashitla Securities Private Limited

• Promoters: Akshay Jain & Rachna Jain

• Pre-IPO Promoter Shareholding: 93.67%

• Post-IPO Promoter Shareholding: 68.99%

Key Dates

• Opening Date:September 4, 2024

• Closing Date:September 6, 2024

• Basis of Allotment:September 9, 2024

• Refund Initiation: September 10, 2024

• Credit of Shares to Demat: September 10, 2024

• Listing Date:September 11, 2024

Company Information

• Year Founded: 2014

• Corporate Identification Number (CIN): U74140DL2014PLC263441

• Location: Registered Office in South Delhi, New Delhi; Corporate Office in Faridabad, Haryana

• Website:www.namoewaste.com

• Registered Office Contact: Sarita, Company Secretary & Compliance Officer

• Telephone: +91-129-4315187

• Email: cs@namoewaste.com

Company Overview

Namo eWaste Management Limited, founded in 2014, plays a crucial role in managing electronic waste (e-waste) in India. The company focuses on the safe and responsible handling, processing, and disposal of e-waste, helping to address the growing issue of discarded electronics.

Namo eWaste operates modern processing facilities in Faridabad, Haryana, where e-waste is collected, sorted, and recycled. The process starts with collecting e-waste from various sources, such as homes, businesses, and government offices. Once the waste arrives at the facility, it is sorted based on the type of device and the materials it contains. This sorting helps in the next step—dismantling, where the devices are taken apart to separate materials like metals, plastics, and other components.

The company’s recycling process is central to its operations. Namo eWaste uses advanced technology to recover valuable materials such as gold, silver, and copper from the e-waste. The recycling process also ensures that any harmful substances are safely handled and disposed of according to environmental guidelines. This approach not only reduces the environmental impact of e-waste but also recovers useful materials that can be reused.

Besides recycling, Namo eWaste also refurbishes electronic devices that are still in good condition. These devices are repaired and sold again or donated, which helps reduce the overall amount of waste. Additionally, the company offers secure data destruction services to ensure that all personal or sensitive information on devices is permanently erased before recycling.

Namo eWaste is committed to maintaining high standards in its recycling and overall operations, as demonstrated by its ISO 14001:2015 and ISO 9001:2015 certifications. The company serves a wide range of clients across different industries, including IT, telecom, and consumer electronics. By focusing on effective recycling and sustainable practices, Namo eWaste Management Limited continues to lead in the field of e-waste management.

Competitors

Objects of the Issue

Competitive Strengths

• Comprehensive E-Waste Solutions: Namo eWaste provides a full range of services from collection and transportation to recycling and refurbishment, ensuring complete management of e-waste.

• Advanced Technology: The company’s facilities are equipped with modern technology that enables the efficient recovery of valuable materials from e-waste while ensuring safe disposal of hazardous substances.

• Strong Client Relationships: With clients across various sectors, Namo eWaste has established itself as a reliable partner in managing e-waste responsibly and in compliance with regulations.

• Commitment to Sustainability: Namo eWaste’s focus on sustainable practices is reflected in its certifications and its efforts to minimize the environmental impact of e-waste through effective recycling and refurbishment.

Growth Catalysts

• Increasing E-Waste Generation: As the use of electronic devices continues to grow, so does the volume of e-waste. Namo eWaste is well-positioned to meet the rising demand for effective e-waste management.

• Government Regulations: Stricter regulations on e-waste disposal are driving companies to seek professional e-waste management services, benefiting companies like Namo eWaste.

• Technological Advancements: The company’s investment in advanced recycling technologies enhances its ability to recover valuable materials, increasing both efficiency and profitability.

• Market Expansion: Namo eWaste is exploring opportunities to expand its services into new regions and industries, which could drive further growth.

Risks

• Regulatory Changes: Any changes in government regulations could impact Namo eWaste’s operations, especially if compliance costs increase or certain activities are restricted.

• Dependence on Key Clients: A significant portion of Namo eWaste’s revenue comes from a few key clients. Losing any of these clients could negatively affect the company’s financial performance.

• Operational Challenges: Managing e-waste involves handling hazardous materials, which poses risks. Any safety lapses or non-compliance could result in legal and financial consequences.

• Competition: The e-waste management sector is becoming increasingly competitive. Namo eWaste needs to continuously innovate to maintain its market position.

Financial Information

Conclusion

Namo eWaste Management Limited is a key player in the e-waste management industry, addressing the critical issue of electronic waste with a comprehensive and sustainable approach. Investors interested in the IPO are encouraged to review the company’s financial details and the DRHP to make informed decisions. For more insights, visit www.stockknocks.com and join Whatsapp group discussions on investment opportunities in the SME sector.

DISCLAIMER

The information provided in this blog is for informational purposes only and should not be construed as investment advice. Readers are encouraged to conduct their own research and consult with financial advisors before making any investment decisions.