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Namo eWaste Management Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Namo eWaste Management Ltd IPO

Registered Office: B-91 Private No A-6 Basement,Main Road Kalkaji South Delhi , New Delhi - 110019 , New Delhi , India.
Phone : +91-129-4315 187   Fax:
Email :  cs@namoewaste.com  
Website :  www.namoewaste.com
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.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Sep-24 06-Sep-24 (Rs)85.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 45.03
Hem Securities Ltd
Project Financed through Current Offer 51.20  
Post Issue Equity Share Capital 22.87  
Issue Price (Rs)85.00  
 
Projects
Funding the capital expenditure requirements of the subsidiary i.e Techeco Waste Management LLP towards setting up of a new factory unit atGeneral Corporate Purposes
To Meet Working Capital Requirement
Promoted By
Akshay Jain  
Rachana Jain  
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd