Urban Enviro Waste Management IPO Particulars & Guidance at Chanakyanipothi.com,
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Urban Enviro Waste Management IPO

Urban Enviro Waste Management IPO Listing:
As against the issue price of Rs. 100, the scrip got listed at Rs. 141, giving decent profit of 41% in just few sessions. The company has bright future. So as long term investment, you may retain the shares.

Urban Enviro Waste Management IPO Review:

The company is in the business of Indian MSW (Municipal Solid Waste) management, and the said business has huge growth potential with limited competition. The company has reasonably strong profitability. The lead manager has track-record of positive listings. Huge over subscription expected for this IPO. Apply with FF.

What is the GMP of Urban Enviro Waste Management IPO?
Click for latest GMP 

Urban Enviro Waste Management IPO Subscription Status
On 14 June 2023 @ 5.00 (Closed)
NII:      542400  Shares  281.41   T
RII:      542400  Shares  220.64 T
Total:  1084800 Shares 255.49  T

Urban Enviro Waste Management IPO Particulars & Guidance:
About the business

Urban Enviro Waste Management is engaged in Indian MSW (Municipal Solid Waste) management industry providing continuum of MSW services which includes solid waste collection, transportation, Segregation of waste and processing and disposal services across the Cities in Western India, primarily catering to Indian local municipalities. It partners with its different local and it serves to manage and reduce waste at each stage from collection to disposal, while recovering valuable resources. Its “Solid Waste” business is operated and managed locally that focus on distinct geographic areas and provides collection, transfer, disposal services. It believes it is equipped to meet the challenges of the changing waste industry and its customers’ waste management needs with the expertise necessary to collect
and handle its customers’ waste efficiently and responsibly by delivering environmental performance —
maximizing resource value, while minimizing environmental impact —so that both its economy and its
environment can thrive. It also carries on the business of providing manpower like staff, workers, labours skilled/unskilled required by various industries and organizations.

It primarily undertakes: (i) MSW projects which involve 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.; (ii) MSW processing projects which involve sorting and segregating the waste received from MSW, followed by composting, as required; and (iii) Street sweeping projects which involve deploying of sweeping brooms, manpower, comprehensive maintenance, consumables, safe disposal of the waste and any other items required for completion of the cleaning operation of the designated areas.

Having undertaken more than 27 projects as of January 31, 2023, of which 22 are ongoing and 5 are completed it has demonstrated its track-record as a comprehensive service provider equipped with the resources to handle large-scale projects for municipalities as well as private players. Its portfolio of 22 ongoing projects as on January 31, 2023 comprised of MSW projects, MSW processing project and sweeping projects. It is currently undertaking projects for Saoner Municipal Council, Mul Municipal Corporation, Jaipur Nagar Nigam, Deori Municipal Council, Bahulgaon Municipal Council, Gadchandur Municipal Council, Nagpur Municipal Corporation (“NMC”), Jaipur Municipal Corporation (“JMC”), Vadodara Municipal Corporation, Amhedabad Municipal Corporation and Ankleshwar Nagarpalika.

Get more information about the company @ 

Urban Enviro Waste Management IPO Details
IPO opens on Tentative 12 June 2023
IPO closes on  14 June 2023
Issue Type Book Built Issue IPO
Issue Size 1142400 Sh /Rs 11.42Cr
* Fresh Issue 920000 Sh /Rs 9.20 Cr
* Offer for Sale  222400 Sh /Rs 2.22 Cr
   
Face Value per share: Rs. 10
   
Price Band Rs.100
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  NSE SME
Shares offered to
  Shares Rs. (Cr)
QIB (50%) 379540 3.79
NII  (15%) 162660 1.63
RII  (35%) 542200 5.42
Total Shares  1084400 10.84
Retail portion will be oversubscribed by  452
Forms
How much Shares to Apply in Urban Enviro Waste Management IPO?
Min Retail Application 1200 Sh Rs. 120000
Min HNI Application  2400 Sh Rs.240000

Who are the Promoters of Urban Enviro Waste Management IPO?
Mr. Suresh Sharma

What are the Objects of Urban Enviro Waste Management IPO?
The Company proposes to utilize the Net Proceeds from the Issue
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 of the Company

IPO Tentative timetable
IPO opens on 12 June 2023
IPO Closes on 14 June 2023
IPO Allotment on  19 June 2023
Unblocking of ASBA  20 June 2023
Credit of Shares 21 June 2023
Listing on 22 June 2023
Registered Office of the Company
F No 401, Sarkar Apartment, P no. 127,
Shankar Nagar, Nagpur – 440010,
Maharashtra, India
 Who are the Lead Managers of Urban Enviro Waste Management IPO?
PANTOMATH CAPITAL ADVISORS Pvt Ltd

Who is the Registrar to IPO?
Bigshare Services Pvt. Ltd
IPO Financial & Analytical Ratios
Year Total Income Net Profit EPS RoNW
  Rs.in Cr Rs.in Cr Rs. %
2019-20 12.80 0.75 2.20 71.50
2020-21 15.87 0.83 2.43 44.11
2021-22  19.77 1.29 3.79 40.77
Book Value of the Share on 31.03.2022 Rs.9.30    
Book Value of the Share after the IPO Rs.-    
Offer Price   Rs. 100    
Urban Enviro Waste Management
Key Performance indicators
Upper Price/last EPS 26.38
Upper price/BV Ratio 10.75
Upper price/BV after IPO 

IPO Particulars & Guidance
Peer Comparison: 

As on date of DRHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Cr  
The IPO Company 10 19.77 26.38
Antony Waste 5 666.79 8.04
     

 

 

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