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Urban Enviro Waste Management IPO is a fixed price issue of ₹11.42 crores. The issue is a combination of fresh issue of 0.09 crore shares aggregating to ₹9.20 crores and offer for sale of 0.02 crore shares aggregating to ₹2.22 crores.
Urban Enviro Waste Management IPO bidding started from Jun 12, 2023 and ended on Jun 14, 2023. The allotment for Urban Enviro Waste Management IPO was finalized on Jun 19, 2023. The shares got listed on NSE SME on Jun 22, 2023.
Urban Enviro Waste Management IPO price is ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company areAsnani Stock Broker Pvt.Ltd., Nikunj Stock Brokers Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 11,42,400 shares (aggregating up to ₹11.42 Cr) |
| Reserved for Market Maker | 57,600 shares Asnani Stock Broker Pvt.Ltd. (aggregating up to ₹0.5760 Cr) Nikunj Stock Brokers Ltd. |
| Fresh Issue (Ex Market Maker) | 8,62,400 shares (aggregating up to ₹8.62 Cr) |
| Offer for Sale | 2,22,400 shares of ₹10 (aggregating up to ₹2.22 Cr) |
| Net Offered to Public | 10,84,800 shares (aggregating up to ₹10.85 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 34,10,000 shares |
| Share Holding Post Issue | 34,77,500 shares |
Urban Enviro Waste Management IPO offers total 11,42,400 shares. Out of which 5,42,400 (47.48%) allocated to NII, 5,42,400 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 57,600 (5.04%) |
| NII (HNI) Shares Offered | 5,42,400 (47.48%) |
| Retail Shares Offered | 5,42,400 (47.48%) |
| Total Shares Offered | 11,42,400 (100.00%) |
Urban Enviro Waste Management IPO opens on June 12, 2023, and closes on June 14, 2023.
| IPO Open Date | Mon, Jun 12, 2023 |
| IPO Close Date | Wed, Jun 14, 2023 |
| Tentative Allotment | Mon, Jun 19, 2023 |
| Initiation of Refunds | Tue, Jun 20, 2023 |
| Credit of Shares to Demat | Wed, Jun 21, 2023 |
| Tentative Listing Date | Thu, Jun 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 14, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||||||
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...
| Listing Date | June 22, 2023 |
| BSE Script Code | |
| NSE Symbol | URBAN |
| ISIN | INE0O0201019 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹141.00 |
| Low | ₹141.00 |
| High | ₹148.05 |
| Last Trade | ₹148.05 |
Urban Enviro Waste Management Ltd.
F No 401, Sarkar Apartment,
P no. 127,
Shankar Nagar,
Nagpur, Maharashtra, 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
Urban Enviro Waste Management IPO is a SME IPO of 11,42,400 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.
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, and the minimum amount required for application is ₹1,20,000.
You can apply in Urban Enviro Waste Management IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Urban Enviro Waste Management IPO listing date is on Thursday, June 22, 2023.
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