Urban Enviro Waste Management Limited

Company Profile
Company Name Urban Enviro Waste Management Limited
Open Date 12-06-2023
Close Date 14-06-2023
Exchange NSE SME
Lot Size 1,200 shares
Issue Price ₹ 100 per share
Issue Size 11,42,400Equity Shares
Application Amount ₹ 1,20,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Urban Enviro Waste Management Limited was originally incorporated as ‘Nagpur Waste Handling Private Limited’ in the year 2011 and is headquartered in Nagpur - Maharashtra. Company is engaged in Indian MSW (Municipal Solid Waste) management industry providing MSW services which 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. 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, disposal services. Company also carries on the business of providing manpower like staff, workers, labours skilled/unskilled required by various industries and organizations.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Dec-22
Total Assets 701.25 2,115.98 2,333.27
Net Assets 187.89 317.23 423.65
Total Borrowings 186.23 1,218.11 1,213.47
Total Revenue 1,587.48 1,977.36 2,646.80
Profit After Tax 82.88 129.35 106.42

Tentative Timeline

Opening Date 12-06-2023
Closing Date 14-06-2023
Basis of Allotment 19-06-2023
Initiation of Refunds 20-06-2023
Credit of Shares to Demat 21-06-2023
Listing Date 22-06-2023

Objects of the Issue

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

Contact Information

Registered Office Urban Enviro Waste Management Limited F No 401, Sarkar Apartment, P no. 127, Shankar Nagar, Nagpur - 440010
Phone +0712 299 6029
Email info@urbanenv.in
Website http://urbanenviroltd.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Market Maker Shares Offered 57,600 (5.04%)
Other Shares Offered 5,42,400 (47.48%)
Retail Shares Offered 5,42,400 (47.48%)
Total Shares Offered 11,42,400 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 75.00%
Share Holding Post Issue (Promoters) 59.06%

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