Synopsis: Two SME-listed companies gained investor attention after domestic institutional investor (DII) Varanium Capital Advisors acquired stakes worth over Rs. 6 crore each through bulk deals.
Investor interest in SME stocks improved after institutional buying was seen in two fast-growing companies. The purchases show that domestic funds are becoming more confident about smaller businesses working in areas like recycling and electronics manufacturing, which are expected to grow strongly as India focuses on clean technology and local production.
Namo eWaste Management Ltd, which operates with a market capitalisation of Rs. 496 crore, opened at Rs. 212.10 on Thursday against a previous close of Rs. 215.25, marking a 1.46 percent decline at the open.
Sahasra Electronic Solutions Ltd, with a market capitalisation of Rs. 812.26 crore, opened at Rs. 348 compared to its previous close of Rs. 350, marking a 0.57 percent drop at the open.
What’s the News?
In a notable institutional development, Varanium Capital Advisors purchased equity stakes in both companies through bulk deals.
The fund acquired 2.76 lakh shares of Namo eWaste Management Ltd, representing 1.2 percent of the company’s paid-up equity capital, in a bulk deal executed at an average price of Rs. 224.6 per share, aggregating to Rs. 6.2 crore. This transaction effectively gives Varanium Capital Advisors a minority stake in the fast growing waste management and recycling firm, which operates in the niche segment of electronic waste collection, processing, and refurbishment.
Similarly, Varanium Capital Advisors picked up 1.68 lakh shares of Sahasra Electronic Solutions Ltd, amounting to a 0.67 percent stake, at an average price of Rs. 359.17 per share, with the total deal value standing at Rs. 6.03 crore. Through this investment, the fund has gained a minority position in the electronics system design and manufacturing company.
Varanium Capital is a global wealth management firm offering asset management services across India and overseas. It provides investment solutions in debt, equity, private equity, and venture capital, catering to both institutions and high net-worth individuals. The firm also manages offshore, dollar-based funds for international investors with varied risk profiles.
About the Companies
Namo eWaste Management Ltd is engaged in the collection, disposal, and recycling of electronic waste across India, operating through its subsidiary, Techeco Waste Management LLP. Its services include recycling of electrical and electronic waste such as air conditioners, refrigerators, laptops, washing machines, and mobile phones. The company also handles IT and electronics asset disposition, data destruction, reverse logistics, refurbishment, and Extended Producer Responsibility (EPR) services, catering to corporate and industrial clients.
Sahasra Electronic Solutions Ltd, along with its subsidiaries, provides end-to-end electronics system design and manufacturing solutions across India, the USA, Africa, Asia, Canada, the UK, and Europe. Its offerings cover printed circuit board assembly, LED lighting, and box build solutions, along with a portfolio of memory products like DDR RAM, SD/mSD cards, USB flash drives, and SSDs. The company also manufactures IT hardware including laptops, tablets, and motherboards, serving industries such as aerospace, automotive, medical, telecom, railways, and industrial electronics.
-Manan Gangwar
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