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Urban Enviro Waste Management IPO is a fixed price issue of Rs 11.42 crores. The issue is a combination of fresh issue of 9.2 lakh shares aggregating to Rs 9.20 crores and offer for sale of 2.22 lakh shares aggregating to Rs 2.22 crores.
Urban Enviro Waste Management IPO bidding started from June 12, 2023 and ended on June 14, 2023. The allotment for Urban Enviro Waste Management IPO was finalized on Monday, June 19, 2023. The shares got listed on NSE SME on June 22, 2023.
Urban Enviro Waste Management IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Urban Enviro Waste Management IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Urban Enviro Waste Management IPO are Asnani Stock Broker and Nikunj Stock Brokers.
Refer to Urban Enviro Waste Management IPO RHP for detailed information.
| IPO Date | June 12, 2023 to June 14, 2023 |
| Listing Date | June 22, 2023 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,142,400 shares (aggregating up to ₹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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,557,500 |
| Share holding post issue | 3,477,500 |
| Market Maker portion | 57,600 shares Asnani Stock Broker Nikunj Stock Brokers |
Urban Enviro Waste Management IPO offers 1,142,400 shares. 542,400 (47.48%) to NII, 542,400 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 57,600 (5.04%) |
| Other Shares Offered | 542,400 (47.48%) |
| Retail Shares Offered | 542,400 (47.48%) |
| Total Shares Offered | 1,142,400 (100%) |
Urban Enviro Waste Management IPO opens on June 12, 2023, and closes on June 14, 2023.
| IPO Open Date | Monday, June 12, 2023 |
| IPO Close Date | Wednesday, June 14, 2023 |
| Basis of Allotment | Monday, June 19, 2023 |
| Initiation of Refunds | Tuesday, June 20, 2023 |
| Credit of Shares to Demat | Wednesday, June 21, 2023 |
| Listing Date | Thursday, June 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 14, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Suresh Sharma is the promoter of the company.
| Share Holding Pre Issue | 75 |
| Share Holding Post Issue | 59.06 |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 751.08 | 1,279.82 | 75.07 | 105.00 | 104.00 | 96.24 |
| 31-Mar-21 | 701.25 | 1,587.48 | 82.88 | 187.88 | 186.88 | 186.23 |
| 31-Mar-22 | 2,115.98 | 1,977.36 | 129.35 | 317.23 | 316.23 | 1,218.11 |
| 31-Dec-22 | 2,333.27 | 2,646.80 | 106.42 | 423.65 | 82.65 | 1,213.47 |
| Amount in ₹ Lakhs | ||||||
| KPI | Values |
|---|---|
| RoNW | 47.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.07 | |
| P/E (x) | 30.49 |
The company intends to utilize the proceeds from the net issue for the following objects:
[Dilip Davda] The company is one of the leading players in MSW projects. This segment is gaining momentum under “Swatch Bharat Abhiyan”, amidst rising preference for cleanliness and hygiene, post the Pandemic. Though the issue appears fully priced, well-informed/cash surplus investors may consider parking funds with medium to long-term perspectives. Read detail review...
The Urban Enviro Waste Management IPO is subscribed 255.49 times on June 14, 2023 7:29:00 PM. The public issue subscribed 220.65 times in the retail category, times in the QIB category, and 281.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 281.41 |
| Retail | 220.65 |
| Total | 255.49 |
Total Application : 99,732 (220.65 times)
| Listing Date | June 22, 2023 |
| BSE Script Code | |
| NSE Symbol | URBAN |
| ISIN | INE0O0201019 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹141.00 |
| ₹141.00 |
| ₹148.05 |
| ₹148.05 |
Urban Enviro Waste Management Limited
F No 401, Sarkar Apartment,
P no. 127, Shankar Nagar,
Nagpur - 440010
Phone: +0712 299 6029
Email: info@urbanenv.in
Website: http://urbanenviroltd.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Urban Enviro Waste Management IPO is a SME IPO of 1,142,400 equity shares of the face value of ₹10 aggregating up to ₹11.42 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on June 12, 2023, and closes on June 14, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Urban Enviro Waste Management IPO using UPI as a payment gateway. Zerodha customers can apply in Urban Enviro Waste Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Urban Enviro Waste Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Urban Enviro Waste Management IPO opens on June 12, 2023 and closes on June 14, 2023.
Urban Enviro Waste Management IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Urban Enviro Waste Management IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Urban Enviro Waste Management IPO will be done on Monday, June 19, 2023, and the allotted shares will be credited to your demat account by Wednesday, June 21, 2023. Check the Urban Enviro Waste Management IPO allotment status.
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