Urban Enviro Waste Management Limited IPO Detail
Incorporated in 2011, Urban Enviro Waste Management Limited provides Waste Management Solutions & Municipal Solid Waste (MSW) Management services.
The company's services list includes solid waste collection, transportation, segregation of waste, and processing and disposal services across the Cities in Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra, primarily catering to local municipalities. The company also carries on the activity of providing human resources like staff, workers, and skilled/semi-skilled labourers required by various industries and organizations.
The company caters to Indian Local Bodies along with providing its services to Residential Areas, Industries, Research Institutes, Power Stations, Government & Semi Government Hospitals, and Cantonment Boards to name a few.
Urban Enviro Waste Management primarily undertakes Collection & Transport projects & MSW processing projects. It has undertaken more than 24 projects to date. Out of these 21 are ongoing, which comprises 18 MSW C&T projects, and 3 MSW processing projects.
Urban Enviro Waste Management's notable ongoing projects include Jaipur Nagar Nigam, Ankleshwar, NEERI, MIHAN India Ltd, NHDC Limited Indira Sagar Power Station to name a few.
Company Promoters
Mr. Suresh Sharma is the promoter of the company.IPO Details
| IPO Opening Date | Jun 12, 2023 |
| IPO Closing Date | Jun 14, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹11.42 Cr |
| Fresh Issue | 920,000 shares (aggregating up to ₹9.20 Cr) |
| Offer for Sale | 222,400 shares of ₹10 (aggregating up to ₹2.22 Cr) |
| Retail Portion | 47.48% |
IPO Tentative Timetable
The Urban Enviro Waste Management Limited IPO open date is Jun 12, 2023, and the close date is Jun 14, 2023. The issue may list on Jun 22, 2023.
| IPO Open Date | Jun 12, 2023 |
| IPO Close Date | Jun 14, 2023 |
| Basis of Allotment Date | Jun 19, 2023 |
| Initiation of Refunds | Jun 20, 2023 |
| Credit of Shares to Demat Account | Jun 21, 2023 |
| IPO Listing Date | Jun 22, 2023 |
IPO Lot Size
The Urban Enviro Waste Management Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 75% |
| Post Issue Share Holding | 59.06% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 751.08 | 1279.82 | 75.07 |
| 31-Mar-21 | 701.25 | 1587.48 | 82.88 |
| 31-Mar-22 | 2115.98 | 1977.36 | 129.35 |
Objects of the Issue:
The company intends to utilize the proceeds from the net issue for the following objects:
- Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by the company;
- Funding the working capital requirements, and
- General corporate purposes.
Urban Enviro Waste Management Limited IPO Registrar:
Bigshare Services Pvt Ltd
Urban Enviro Waste Management Limited IPO Lead Manager(s):
Pantomath Capital Advisors Pvt Ltd
Company Contact Information:
Urban Enviro Waste Management Limited
F No 401, Sarkar Apartment, P no. 127, Shankar Nagar
Nagpur
Nagpur
