What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Namo eWaste Management Limited IPO allotment date?

The basis of allotment for Namo eWaste Management Limited IPO is scheduled to be finalized on 9 Sep 2024.

Where can I check Namo eWaste Management Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Maashitla Securities Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 10 Sep 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Namo eWaste Management Limited

ListedSME

Services · NSE

Namo eWaste Management Limited, founded in 2014, specializes in collecting, recycling, and disposing of electronic waste. The company is certified with top international standards like ISO 9001, ISO 14001, ISO 27001, and ISO 45001, ensuring quality, safety, environmental care, and data security. They offer services such as electronics recycling, refurbishment, and Extended Producer Responsibility (EPR) for products like air conditioners, refrigerators, laptops, phones, washing machines, and fans. The company operates from a factory in Faridabad, Haryana, and a larger storage and dismantling unit in Palwal, Haryana. As of March 31, 2024, the company has around 48 employees.

Price Band

₹80 – ₹85

Issue Size

₹51.20 Cr

Lot Size

1600 shares

GMP

₹82

+96.5%

Est. Listing

₹167

at current GMP

Subscribed

225.72x

overall

Open

4 Sep 2024

6 Sep 2024

Allotment

9 Sep 2024

Refund

10 Sep 2024

Demat Credit

11 Sep 2024

Listing

11 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Namo eWaste Management Limited Allotment Status

Designated Registrar: Maashitla Securities Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

9 Sep 2024

Basis finalization

Refunds Initiate

10 Sep 2024

Mandate release

Demat Credit

11 Sep 2024

Shares in demat

Listing Debut

11 Sep 2024

Trading begins

About Namo eWaste Management Limited Public Issue & Market Profile

Namo eWaste Management Limited is bringing an initial public offering (IPO) in the Services sector with an aggregate issue size of ₹51.2 Crores. The shares are offered at a price band of ₹80 to ₹85 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-09-06, the basis of allotment is scheduled to be finalized on 2024-09-09. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

Namo eWaste Management Limited

Namo eWaste Management Limited Allotment Status

How to Check Namo eWaste Management Limited IPO Allotment Status

About Namo eWaste Management Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?