Namo eWaste Management, an e-waste recycling company, debuted on the National Stock Exchange's SME platform at a 90% premium over its IPO price.
Namo eWaste Management debuted on the National Stock Exchange's SME platform at ₹161.50 per share, a 90% premium over its IPO price of ₹85. The company, focused on e-waste recycling, reported a 183% profit increase and a 73% revenue rise from March 2022 to March 2023. The IPO, which was oversubscribed 200 times, aims to fund capital expenditure and promote e-waste awareness. Namo eWaste adheres to strict environmental regulations.
September 11, 2024
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