Urban Enviro Waste Management Limited IPO is set to launch on 12 June, 2023. The company initiated its business operations in the year 2011. The company provides municipal solid waste management services and waste management solutions.
Currently Urban Enviro transports, collects, aggregates and processes waste of various cities across the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh. Its other business is providing staff to various industries and organisations. Its services are not only limited to serving municipalities but also to various residential areas, power stations, industries, cantonment boards, research institutes, Govt. and semi govt. Hospitals etc. The company has taken 24 projects till date. 21 of them are still in progress.
Urban Enviro Waste Management Limited IPO DETAILS
Urban Enviro Waste Management Limited IPO is set to launch on 12 June, 2023. The subscription timeline extends till 14 June, 2023. The size for the IPO is 11.42 Crore Rs. Shares issued through fresh issue mode are worth 9.20 Crore Rs. Shares issued through offer for sale mode are worth Rs. 2.22 Crore. The lot size is 1200 shares and the price is 100 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Urban Enviro Waste Management Limited IPO
| IPO OPENING DATE | 12 June, 2023 |
| CLOSING DATE FOR IPO | 14 June, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 100 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 11.42 Crore Rs. |
| OFFER FOR SALE | 2.22 Crore Rs. |
| FRESH ISSUE | 9.20 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 22 June, 2023 |
Urban Enviro Waste Management Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 12 June, 2023 |
| CLOSING DATE FOR IPO | 14 June, 2023 |
| IPO ALLOTMENT DATE | 19 June, 2023 |
| REFUNDS | 20 June, 2023 |
| DEMAT A/C CREDITED ON | 21 June, 2023 |
| IPO LISTING DATE | 22 June, 2023 |
Urban Enviro Waste Management Limited IPO begins for subscription from 12 June, 2023. The IPO subscription would continue till 14 June, 2023. The allotment status for the shareholders who applied would come on 19 June, 2023. The refunds for the ones who did not get allotment would be initiated on 20 June, 2023. The DEMAT accounts of shareholders would be credited on 21 June, 2023. The listing of the company would be accompanied on 22 June, 2023.
Urban Enviro Waste Management Limited IPO : Lead Managers
The lead managers are :
- Pantomath Capital Advisors Private Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 120000 Rs. |
| Maximum | 2400 shares | 240000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
- The Money will be utilised for repayment of borrowings.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 751 | 701 | 2115 |
| Revenue | 1279 | 1587 | 1977 |
| PAT | 75 | 82 | 129 |
Urban Enviro Waste Management Limited had an asset base of 751 Lakh Rs in 2020 which decreased initially to 701 Lakh Rs in 2021. However In 2022 the asset base boosted to a mega 2115 Lakh Rs. The revenue of the firm was 1279 Lakh Rs in 2020 which increased to 1587 Lakh Rs in 2021 and 1977 Lakh Rs in 2022. The profit of the firm was 75 Lakh Rs in 2020, 82 Lakh Rs in 2021 and 129 Lakh Rs in 2022.
PROS
- Urban Enviro transports, collects, aggregates and processes waste of various cities across the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.
- Its other business is providing staff to various industries and organisations.
- The company’s services are not only limited to serving municipalities but also to various residential areas, power stations, industries, cantonment boards, research institutes, Govt. and semi govt. Hospitals etc. The company has taken 24 projects till date. 21 of them are still in progress.
CONS
- The company works into a very competitive segment.
Urban Enviro Waste Management Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
-
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Urban Enviro Waste Management Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
