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Let’s have a detailed review of the company and analytics of the Urban Enviro Waste Management IPO release date, IPO offer price, subscription, Urban Enviro Waste Management Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 100
Listing At NSE, SME
Min. Order Quantity 1200 Shares
Listing Date 22 June 2023
Offer for Sale Rs 222 Lakh
Fresh Issue Rs 920 Lakh
IPO Size Rs 1,142 Lakh
Tick Size 1

Urban Enviro Waste Management IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Urban Enviro Waste Management Share Price

Urban Enviro Waste Management IPO – Summary

Urban Enviro Waste Management IPOThey are engaged in Indian MSW (Municipal Solid Waste) management industry providing MSW services which include 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.

They partner with different local bodies and serve to manage and reduce waste at each stage from collection to disposal. Their “Solid Waste” business is operated and managed locally that provides collection, transfer, and disposal services. They also carry on the business of providing manpower like staff, workers, labours skilled/unskilled required by various industries and organizations.

The Promoter of this company is MR. SURESH SHARMA. The lead manager of the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Urban Enviro Waste Management IPO Date

The opening and closing dates of Urban Enviro Waste Management IPO are 12 June 2023 and 14 June 2023 respectively.

Urban Enviro Waste Management IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 12th Jun 1.64x 6.28x 3.96x
2nd Day – 13th Jun 8.59x 36.66x 22.64x
3rd Day – 14th Jun 281.41x 220.65x 255.49x
Shares Offered or Net Issue 542,400 542,400 1,142,400

The shares subscribed by the public will be updated here.

Urban Enviro Waste Management IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Urban Enviro Waste Management Limited IPO Listing Date

Find the dates below on the basis of allotment, refund, listing, and more:

Basis of Allotment Finalization 19 June 2023
Refunds Initiation 20 June 2023
Credit of Shares to Demat Account 21 June 2023
Share Listing Date 22 June 2023

Urban Enviro Waste Management IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.100 

Urban Enviro Waste Management IPO Equity Size

This Initial Public Issue of 1,142,400 Equity Shares of Rs.10 each for cash at a price of Rs.100 per equity share aggregating to Rs.1,142 Lakh.

Urban Enviro Waste Management IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 920,000 Equity Shares of Rs.10/ each.

Issue Size: 1,142,400 Equity Shares of Rs.10 each, aggregating to Rs.1,142 Lakh

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    Urban Enviro Waste Management IPO – Live Performance

    The listing date of this IPO is 22 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Urban Enviro Waste Management Share Price

    Urban Enviro Waste Management IPO Grey Market Premium

    The Urban Enviro Waste Management Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Urban Enviro Waste Management IPO – Company Overview

    They primarily undertake (i) MSW projects which involve the door-to-door collection of MSW from households, slums, commercial establishments and other bulk-waste generators (community bins) from a designated area through primary collection vehicles like compactors, dumper placers and tippers and transportation of these materials, to the processing facility, transfer station or a disposal site.;

    MSW processing projects involve sorting and segregating the MSW, followed by composting, as required; and Street sweeping projects which involve deploying sweeping brooms, manpower, maintenance, consumables, disposal of the waste and any other items required for completion of the cleaning operation of the designated areas.

    Their presence in the solid waste management industry can be traced back to the incorporation of their Company in 2014. Starting with the business of collection and transportation of waste, they have progressed in the field of solid waste management.

    Urban Enviro Waste Management IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Dec-22 31-Mar-22 Mar-21 31-Mar-20
    Total Assets 2,333.27 2,115.98 701.25 751.08
    *Total Revenue 2,646.80 1,977.36 1,587.48 1,279.82
    Total Expense 2,490.88 1,792.26 1,490.40 1,183.09
    Profit After Tax 106.42 129.35 82.88 75.07

    Earnings per Equity Share (in Lakh)

    31-Dec-22 31-Mar-22 Mar-21 31-Mar-20
    Basic & Diluted 3.12 3.79 2.43 2.20

    Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 106.42 Lakh, Rs. 129.35 Lakh, Rs. 82.88 Lakh and Rs. 75.07 Lakh respectively.

    Urban Enviro Waste Management IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Suresh Sharma, Whole-time Director
    • Kamlesh Kanhaiyalal Sharma, Managing Director
    • Vikas Sharma, Executive Director
    • Sheela Suresh Sharma, Non-Executive Director
    • Yogesh Kumar Gupta, Independent Director

    Urban Enviro IPO – Promoters Holding

    • Pre-Issue Share Holding – %
    • Post-Issue Share Holding – %

    Urban Enviro IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 11,42,400 Equity Shares aggregating up to Rs.1,142.40 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 57,600 Equity Shares aggregating up to Rs. 57.60
    Net Issue to the Public Up to 10,84,800 Equity Shares aggregating up to Rs.1,084.80
    Of which:
    Retail Investors Portion Not less than 5,42,400 Equity Shares
    Other than Retail Individual Investors Not more than 5,42,400 Equity Shares
     Equity Shares outstanding prior to the Issue 34,10,000 Equity Shares
     Equity Shares outstanding after the Issue 43,30,000 Equity Shares

    Urban Enviro Waste Management IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

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

    Urban Enviro Waste Management IPO – Business Strategy

    • Expand their footprint in existing markets and enter new geographical markets
    • Continue leveraging their market skills and relationships
    • Continue to focus on operational efficiency

    Urban Enviro IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Range of Service Offering
    • Promoter and management team with domain experience

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-22 3.79 40.77 9.30
    31-Mar-21 2.43 44.11 5.51
    Mar-20 2.20 71.50 3.08

    Urban Enviro Waste Management IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Urban Enviro Waste Management Limited 10 26.39 3.79 40.77 1,977.36
    Listed Peers
    Antony Waste Handling Cell Limited 5 8.98 31.96 16.97 66,678.53

    Urban Enviro Waste Management IPO Lead Managers

    Lead Managers
    Pantomath Nucleus House, Saki-Vihar Road, Andheri (East)-400072, Mumbai, Maharashtra,
    Tel: +91-22 6194 6700,
    Email and Investor Grievance Id: ipo@pantomathgroup.com Website:
    Contact Person: Punam Thadeshwar/ Bharti Ranga
    SEBI Registration No: INM000012110

    Urban Enviro IPO Registrar to offer

    Registrar to the Offer
    S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri
    (East) Mumbai – 400093, Maharashtra, India.
    Tel: +91 22 6263 8200 Facx: +91 22 6263 8299
    Email: ipo@bigshareonline.com Website: www.bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    Contact Person: Mr Babu Rapheal C
    SEBI Registration Number: MB/INR000001385

    Urban Enviro Waste Management IPO – Other Details

    • Statutory Auditor – M/s B Shroff & Co., Chartered Accountants
    • Legal Counsel to the Company – M V KINI, Law Firm
    • Bankers to the Company – Axis Bank Limited

    Urban Enviro IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Urban Enviro Waste Management Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Urban Enviro Waste Management IPO Review FAQs

      Check out various FAQs related to Urban Enviro IPO:

      What is the Issue Size of Urban Enviro IPO?

      The Company is making an initial public offer of 11,42,400 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Urban Enviro IPO?

      The price band for this particular IPO ranges between Rs 100. As far as the face value of the share is of concern, it is Rs. 10 per share.

      What is the Urban Enviro IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on 12 June 2023, while the closing date is set at 14 June 2023.

      What is the Urban Enviro IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 19 June 2023, refund initiation is on 20 June 2023, credit of shares is on 21 June 2023, and share listing date is on 22 June 2023.

      What is the Urban Enviro Waste Management IPO Listing Date?

      Shares of this company shall be listed in the exchanges on 22 June 2023. The date, when the listing would be done, is stagnant on 22 June 2023.

      Who is the Registrar of Urban Enviro IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Urban Enviro IPO?

      Here are the promoters of this IPO – MR. SURESH SHARMA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Urban Enviro IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Urban Enviro IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Urban Enviro Waste Management Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 129.35, 2021 is 82.88, and 2020 is 75.07. PAT from Dec 2022 is 106.42.

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