Urban Enviro Waste Management IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 14, 2023Let’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
They 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:
- MR. SURESH SHARMA
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 Lakh |
| Net Issue to the Public | Up to 10,84,800 Equity Shares aggregating up to Rs.1,084.80 Lakh |
| 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:
- Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by their Company;
- Funding the working capital requirements of their Company; and
- 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 CAPITAL ADVISORS PRIVATE LIMITED Pantomath Nucleus House, Saki-Vihar Road, Andheri (East)-400072, Mumbai, Maharashtra, India. Tel: +91-22 6194 6700, Email and Investor Grievance Id: ipo@pantomathgroup.com Website: www.pantomathgroup.com Contact Person: Punam Thadeshwar/ Bharti Ranga SEBI Registration No: INM000012110 |
Urban Enviro IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 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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