Listing Details
- Listing Exchange NSE SME
- Listing Date 22-Jun-23
- IPO Price Range ₹ 100
- Listing Price ₹ 141
- Listing Change 41.0%
- Last Traded Price ₹ 129.85
- Current Change 29.9%
Urban Enviro IPO Details
- Open Date 12-Jun-23
- Close Date 14-Jun-23
- Lot Size 1200
- IPO Size ₹ 11.42 Cr
- IPO Price Range ₹ 100
- Min Investment ₹ 120000
- Listing Exchange NSE SME
- Basis of Allotment 19-Jun-23
- Refunds 20-Jun-23
- Credit to Demat Account 21-Jun-23
- Listing Date 22-Jun-23
Urban Enviro Waste Management IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12 June'23 | - | 1.64 | 6.28 | 3.96 |
| 13 June'23 | - | 8.59 | 36.33 | 22.47 |
| 14 June'23 | - | 281.41 | 220.65 | 255.49 |
Urban Enviro IPO Synopsis
Urban Enviro Waste Management provides Waste Management Solutions & Municipal Solid Waste (MSW) Management services its IPO opens on 12th June and closes on 14th June.
The issue consists of a fresh issue of 920,000 shares (aggregating up to ₹9.20 Cr). The price band for the issue is fixed at Rs.100 per share. The lot size is set for 1200 shares per lot. The shares will be allotted on the 19th of June and the issue will be listed on the 22nd of June on the stock exchanges.
The book-running lead manager to the offer is Pantomath Capital Advisors Pvt Ltd
Objectives of Urban Enviro Waste Management IPO:
The company intends to utilize the proceeds from the net issue for the following objects:
1. Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by the company;
2. Funding the working capital requirements, and
3. General corporate purposes.
About Urban Enviro Waste Management
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 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.
Peer Comparison
● Antony Waste Handling Cell Limited
For More Information:
Webstory on Urban Enviro Waste Management IPO
Urban Enviro Waste Management IPO GMP
Urban Enviro Waste Management Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 1,969.01 | 1,572.83 | 1,262.81 |
| EBITDA | 341.35 | 180.06 | 162.38 |
| PAT | 129.35 | 82.88 | 75.07 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 2,115.98 | 701.25 | 751.08 |
| Share Capital | 1 | 1 | 1 |
| Total Borrowings | 1,218.11 | 186.23 | 96.24 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 224.35 | 83.04 | 314.18 |
| Net cash from / (used in) investing activities | -1,177.71 | -259.16 | -130.09 |
| Net cash flow from / (used in) financing activities | 949.93 | 67.53 | -39.10 |
| Net increase (decrease) in cash and cash equivalents | -3.43 | -108.59 | 144.99 |
Urban Enviro IPO Key Points
-
Strengths
1. Diversified Services
2. Leverage of automation and technology
3. Experienced Promoter and management team with domain expertise
-
Risks
1. The business is dependent on municipal authorities for a significant proportion of its business and revenue from the operation.
2. Solid Waste Management (SWM) projects are typically awarded to the company on the satisfaction of prescribed prequalification criteria and following a competitive bidding process. If the business and its financial condition may be adversely affected if new SWM projects are not awarded to the company.
3. The company depends on a limited number of customers for a significant portion of its revenue.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
Urban Enviro IPO FAQs
What is the minimum lot size of Urban Enviro Waste Management IPO?
the minimum lot size of Urban Enviro Waste Management IPO is 1200 shares.
What is the price band of Urban Enviro Waste Management IPO?
The price band of Urban Enviro Waste Management IPO is Rs.100 per share.
When does the Urban Enviro Waste Management IPO opens and closes?
The Urban Enviro Waste Management IPO opens on June 12, 2023 and closes on June 14, 2023.
What is the size of the Urban Enviro Waste Management IPO ?
The Urban Enviro Waste Management IPO comprises of a total issue of 1,142,400 shares (aggregating up to ₹11.42 Cr)
What is the allotment date of Urban Enviro Waste Management IPO?
The allotment date of Urban Enviro Waste Management IPO is 19th June 2023.
What is the Urban Enviro Waste Management IPO listing date?
The listing date of Urban Enviro Waste Management IPO is 22nd June 2023.
Who are the book runners for Urban Enviro Waste Management IPO?
Pantomath Capital Advisors Pvt Ltd is the book runner of Urban Enviro Waste Management IPO.
What is the objective of Urban Enviro Waste Management IPO?
The company intends to utilize the proceeds from the net issue for the following objects:
1. Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by the company;
2. Funding the working capital requirements, and
3. General corporate purposes
How to apply for the Urban Enviro Waste Management IPO?
To apply for the Urban Enviro Waste Management IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Urban Enviro Waste Management IPO
Contact Information
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/
Urban Enviro Waste Management IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Urban Enviro Waste Management IPO Lead Manager
Pantomath Capital Advisors Pvt Ltd