IPO Issue Details
Issue Price / Price Band₹100 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size11,42,400 shares (aggregating up to ₹11.42 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 12 Jun 2023
Subscription CloseWed, 14 Jun 2023
Anchor AllotmentSun, 11 Jun 2023
Basis of AllotmentMon, 19 Jun 2023
Initiation of RefundsTue, 20 Jun 2023
Credit of Shares to DematWed, 21 Jun 2023
Listing DateThu, 22 Jun 2023
UPI Mandate Deadline2023-06-14
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,200 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 2,400 shares
EPS (Pre-IPO)₹3.07
P/E Ratio (Pre-IPO)30.49x
Net Offer to Public10,84,800 shares (aggregating up to ₹10.85 Cr)
Reserved for Market Maker57,600 shares (aggregating up to ₹0.5760 Cr)
Pre-IPO Promoter Holding34,10,000 shares
Post-IPO Promoter Holding34,77,500 shares
Fresh Issue Shares8,62,400 shares (aggregating up to ₹8.62 Cr)
Offer for Sale Shares2,22,400 shares of ₹10 (aggregating up to ₹2.22 Cr)
About Urban Enviro Waste Management Ltd
Incorporated in 2011, 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 also carries on the activity of providing human resources like staff, workers, and skilled/semi-skilled labourers required by various industries and organizations.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.Urban Enviro Waste Management primarily undertakes Collection & Transport projects & MSW processing projects. It has undertaken more than 24 projects to date. Out of these 21 are ongoing, which comprises 18 MSW C&T projects, and 3 MSW processing projects.Urban Enviro Waste Management's notable ongoing projects include Jaipur Nagar Nigam, Ankleshwar, NEERI, MIHAN India Ltd, NHDC Limited Indira Sagar Power Station to name a few.
Objects of the Issue
Urban Enviro Waste Management Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by our Company
2.10
2
Funding the working capital requirements of the Company; and
4.47
3
General corporate purposes.
1.83
Shareholding & Lock-in
Pre-IPO Promoter Holding
34,10,000 shares
Post-IPO Promoter Holding
34,77,500 shares