Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Mon, Jun 12, 2023 - Wed, Jun 14, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 12, 2023
IPO Close
Wed, Jun 14, 2023
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹34.78 Cr
| IPO Date | 12 to 14 Jun, 2023 |
| Listed on | Thu, Jun 22, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 11,42,400 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 57,600 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹0.5760 Cr) Nikunj Stock Brokers Ltd. |
| Fresh Issue (Ex Market Maker) | 8,62,400 shares (agg. up to ₹9 Cr) |
| Offer for Sale | 2,22,400 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 10,84,800 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 34,10,000 shares |
| Share Holding Post Issue | 34,77,500 shares |
| NSE Symbol | URBAN |
| ISIN | INE0O0201019 |
Urban Enviro Waste Management IPO comprises a total issue size of 11,42,400 shares. The net offer to the public is 10,84,800 shares, after excluding 57,600 shares allotted on a firm basis. Of the Net offer 5,42,400 (50.00%) allocated to NII 5,42,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,42,400 | 50.00% | 47.48% |
| Retail Shares Offered | 5,42,400 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 57,600 | 5.04% | |
| Total Shares Offered | 11,42,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 23.33 | 21.16 | 7.01 | 7.51 |
| Total Income | 26.47 | 19.77 | 15.87 | 12.80 |
| Profit After Tax | 1.06 | 1.29 | 0.83 | 0.75 |
| NET Worth | 4.24 | 3.17 | 1.88 | 1.05 |
| Reserves and Surplus | 0.83 | 3.16 | 1.87 | 1.04 |
| Total Borrowing | 12.13 | 12.18 | 1.86 | 0.96 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by our Company | 2.10 |
| 2 | Funding the working capital requirements of the Company; and | 4.47 |
| 3 | General corporate purposes. | 1.83 |
| KPI | |
|---|---|
| RoNW | 47.01% |
| PAT Margin | 6.57% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.07 | |
| P/E (x) | 30.49 | |
| Promoter Holding | 75% | 59.06% |
| Market Cap | ₹34.78 Cr. |
The Urban Enviro Waste Management IPO is subscribed 255.49 times on June 14, 2023 7:29:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 281.41 | 5,42,400 | 15,26,36,400 |
| Retail | 220.65 | 5,42,400 | 11,96,78,400 |
| Total | 255.49 | 10,84,800 | 27,71,53,200 |
Total Application : 99,732
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Lead Manager | 0.42 |
| 2 | Brokerage and selling commission payable to Syndicate | 0.08 |
| 3 | Fees to the Registrar to the Offer | 0.01 |
| 4 | Fees payable to Printer | 0.00 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Fees payable to the Legal Advisors to the Offer | 0.02 |
| 7 | Fees payable to the Regulators including stock exchanges and Depositories (by Company) | 0.04 |
| 8 | Stock exchange validation | 0.00 |
| 9 | Listing fees | 0.00 |
| 10 | Depository expense for Corporate Action (including Payment to NSDL & CDSL for activation of Validation Process) | 0.02 |
| 11 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 12 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them | 0.01 |
| 13 | PCS certificate | 0.01 |
| 14 | Printing and distribution of Offer stationary | 0.00 |
| 15 | Postage stamp duty | 0.01 |
| 16 | Others (bankers to the Offer, auditor’s fees etc.) | 0.02 |
| 17 | Underwriting Commission | 0.05 |
| 18 | Professional Charges | 0.08 |
| 19 | Miscellaneous out of pocket | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹141.00 |
| Low | ₹141.00 |
| High | ₹148.05 |
| Last Trade | ₹148.05 |
Lead Manager Reports
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 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jun 12, 2023, and closes on Wed, Jun 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 Mon, Jun 12, 2023 and closes on Wed, Jun 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 Wed, Jun 21, 2023. Check the Urban Enviro Waste Management IPO allotment status.
The Urban Enviro Waste Management IPO listing date is on Thu, Jun 22, 2023.
