Urban Enviro Waste Management IPO

Urban Enviro Waste Management IPO will open for subscription from 12 June 2023. the company aims for an issue size of 11.42 Cr through this IPO.

Company Overview

Full nameUrban Enviro Waste Management Limited
Company Websitehttp://urbanenviroltd.com/

About Company

 Incorporated in 2011, Urban Enviro Waste Management is engaged in the Indian MSW (Municipal Solid Waste) management industry providing solid waste collection, transportation, segregation of waste, and processing and disposal services across the cities in Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Maharashtra, primarily catering to local municipalities.

The company also carries on the business of providing manpower like staff, workers, and labors skilled/unskilled required by various industries and organizations. The company caters to local bodies along with providing its services to Residential Areas, Industries, Research Institutes, Power Stations, Government & Semi Government Hospitals, and Cantonment Boards. Urban Enviro Waste Management’s portfolio of 39 ongoing projects as of 26 May 2023 comprised 18 MSW projects, 3 MSW processing projects, and sweeping projects.

The Objective of the Issue

  • 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.

IPO Timetable

IPO Opening date12 June 2023
IPO Closing14 June 2023
Basis of Allotment19 June 2023
Initiation Refund20 June 2023
Credit to Demat Account21 June 2023
Listing Date22 June 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹11.42 Cr – 1,142,400 shares
Fresh Issue₹9.20 Cr – 920,000 shares
Offer for sale₹2.22 Cr – 222,400 shares
Face value₹10 per share
Offer Price₹100 per share
Lot size1200 Shares
Retail Allocation50%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11200₹120,000
Retail (Max)11200₹120,000
HNI (Min)22,400₹240,000

Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income75.0782.88129.35106.42
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio26.39
RONW (%)71.5044.1140.77
EBITDA (%)12.8611.4517.34

Company Promoters

  • Mr. Suresh Sharma

Promoter Holding

Pre Issue Share Holding
Post Issue Share Holding

Lead Manager(s)

Pantomath Nucleus House, Saki-Vihar Road,
Andheri (East)-400072, Mumbai, Maharashtra, India
Phone: +91-22 6194 6700
Email: ipo@pantomathgroup.com
Website: www.pantomathgroup.com

IPO Registrar

S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Contact Details

F No 401, Sarkar Apartment, P no. 127,
Shankar Nagar, Nagpur -440010, Maharashtra, India
Phone: +0712 299 6029
E-mail: info@urbanenv.in
Website: www.urbanenviroltd.com

Allotment Status

Urban Enviro IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Urban Enviro Waste Management IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *