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