Urban Enviro Waste Management IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Urban Enviro Waste Management IPO will open on June 12 and close on June 14, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 11.42 crores through this public offering, consisting of 11.42 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 100 per share.
Urban Enviro Waste Management Limited (“the Company”)
Urban Enviro Waste Management Limited was incorporated in 2011 and engaged in the Indian MSW (Municipal Solid Waste) management industry, providing a continuum of MSW services that include solid waste collection, transportation, segregation of waste, processing, and disposal services across the cities in Western India, primarily catering to Indian local municipalities. The company partners with its different localities, and these serve to manage and reduce waste at each stage from collection to disposal while recovering valuable resources. Its “Solid Waste” business is operated and managed locally, focuses on distinct geographic areas, and provides collection, transfer, and disposal services.
Having undertaken more than 27 projects as of January 31, 2023, of which 22 are ongoing and 5 are completed. Its portfolio of 22 ongoing projects as of January 31, 2023, comprised MSW projects, MSW processing projects, and sweeping projects.
Company Strength
- Diversified Services
- Leverage of automation and technology
- Experienced Promoter and management team with domain expertise
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full by the company;
- Supporting the working capital requirements, and
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Net Worth | 317 | 188 | 105 |
| Total Assets | 2,116 | 701 | 751 |
| Reserve & Surplus | 316 | 187 | 104 |
| Total Borrowings | 1,218 | 186 | 96 |
| Total Revenue | 1,977 | 1,587 | 1,280 |
| Profit After Tax | 129 | 83 | 75 |
IPO details
As per the DRHP filed with SEBI, 9.20 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 57,600 shares of the offering. While Pantomath Capital Advisors Pvt Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 100 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 shares |
| Issue Size | 1,142,400 shares (aggregating up to ₹ 11.42 crores) |
| Fresh Issue | 920,000 shares (aggregating up to ₹ 9.20 crores) |
| Offer for Sale | 222,400 shares of ₹ 10 each (aggregating up to ₹ 2.22 crores) |
| Listing At | NSE SME |
| Company Promoters | Mr Suresh Sharma |
Market Maker
The market maker portion of 57,600 equity shares is added to the NII reservation.
| Market maker | Asnani Stock Broker |
| Market maker portion | 57,600 shares |
IPO Reservation
| Categories | No. of shares offered |
| Retail shares offered | Not less than 50% of the offer |
GMP: Urban Enviro Waste Management IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Urban Enviro Waste Management IPO
The issue opens for subscription on June 12, 2023, and closes for subscription on June 14, 2023 (both days inclusive). The basis of allotment will be finalised on June 19, 2023, and the refunds will be initiated on June 20, 2023. In addition, the demat credits are expected to happen on June 21, 2023, and the stock will be listed on the NSE SME on June 22, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | June 12, 2023, |
| Closing Date | June 14, 2023 |
| Basis of Allotment | June 19, 2023 |
| Initiation of Refunds | June 20, 2023 |
| A credit of shares to Demat A/c | June 21, 2023 |
| Listing Date | June 22, 2023 |
Lot Size: Urban Enviro Waste Management IPO
The lot size of the Urban Enviro Waste Management IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of ₹ 120,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 120,000 |
| Retail (Maximum) | 1 | 1,200 | ₹ 120,000 |
| HNI (Minimum) | 2 | 2,400 | ₹ 240,000 |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Urban Enviro Waste Management Limited F No 401, Sarkar Apartment, P no. 127, Shankar Nagar, Nagpur – 440010 Phone: +0712 299 6029 Email: [email protected] Website: http://urbanenviroltd.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: https://www.bigshareonline.com/ |
| IPO Lead Manager(s) | Pantomath Capital Advisors Pvt Ltd |
FAQs
What is Urban Enviro Waste Management’s IPO price?
The Urban Enviro Waste Management IPO price is ₹ 100 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Urban Enviro Waste Management IPO contains 1,200 shares of ₹ 120,000.
When will the Urban Enviro Waste Management IPO allotment be available?
The finalisation of the basis of allotment for the Urban Enviro Waste Management IPO will be done on June 19, 2023, and the allotted shares will be credited to your demat account by June 21, 2023. Check the Urban Enviro Waste Management IPO allotment status.
When will the Urban Enviro Waste Management IPO list on exchanges?
The Urban Enviro Waste Management IPO shares listing date is June 22, 2023.
Interesting page. I really like the topic covered here. I'll check back from time to time for more posts like…