Namo eWaste IPO: Price Band, Issue Size, and Day 1 Subscription Status
Introduction
Namo eWaste is a leading electronics asset management and recycling company in India. The company recently announced its initial public offering (IPO) to raise funds for growth and expansion.
Price Band and Issue Size
The Namo eWaste IPO has a price band of Rs 303-314 per share. The issue size is fixed at Rs 500 crore, with an option to retain an oversubscription of up to Rs 250 crore.
Day 1 Subscription Status
As of the end of Day 1, the Namo eWaste IPO was subscribed 3% by retail investors. The quota reserved for qualified institutional buyers (QIBs) was subscribed 30%. The portion reserved for non-institutional investors (NIIs) remained unsubscribed.
Total issue size: Rs 500 crore
Total shares offered: 15,923,587 shares
Price band: Rs 303-314 per share
Opening date: March 1, 2023
Closing date: March 3, 2023
Listing date: March 10, 2023
Investors should consult with a financial advisor before making any investment decisions.
Disclaimer: This article is for informational purposes only and is not intended as financial advice.
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