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Urban Enviro Waste Management IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full by the company;
  2. Supporting the working capital requirements, and
  3. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2021-22FY 2020-21FY 2019-20
Net Worth317188105
Total Assets2,116701751
Reserve & Surplus316187104
Total Borrowings1,21818696
Total Revenue1,9771,5871,280
Profit After Tax1298375
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 100 per share
Face Value₹ 10 per share
Market Lot1,200 shares
Issue Size1,142,400 shares (aggregating up to ₹ 11.42 crores)
Fresh Issue920,000 shares (aggregating up to ₹ 9.20 crores)
Offer for Sale222,400 shares of ₹ 10 each (aggregating up to ₹ 2.22 crores)
Listing AtNSE SME
Company PromotersMr Suresh Sharma

Market Maker

The market maker portion of 57,600 equity shares is added to the NII reservation.

Market makerAsnani Stock Broker
Market maker portion57,600 shares

IPO Reservation

CategoriesNo. of shares offered
Retail shares offeredNot 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 DateJune 12, 2023,
Closing DateJune 14, 2023
Basis of AllotmentJune 19, 2023
Initiation of RefundsJune 20, 2023
A credit of shares to Demat A/cJune 21, 2023
Listing DateJune 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,200₹ 120,000
Retail (Maximum)11,200₹ 120,000
HNI (Minimum)22,400₹ 240,000

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationUrban 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 RegistrarBigshare 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

The Urban Enviro Waste Management IPO price is ₹ 100 per share.

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.

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.

The Urban Enviro Waste Management IPO shares listing date is June 22, 2023.

Click here for more FAQs.

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