Namo eWaste Management Ltd - IPO

Namo eWaste Management Ltd IPO Details

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.

Objective of issue

Funding the capital expenditure requirements of the subsidiary i.e Techeco Waste Management LLP towards setting up of a new factory unit at. To Meet Working Capital Requirement. General Corporate Purposes.

Namo eWaste Management Ltd Contact Details

Namo eWaste Management Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@namoewaste.com

Website - www.namoewaste.com