Urban Enviro Waste Management was established on June 2, 2011, and operates in the Indian MSW (Municipal Solid Waste) management industry. The company offers comprehensive MSW services, including solid waste collection, transportation, waste segregation, processing, and disposal across various cities in Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra. Its primary clients are local municipalities, and it is dedicated to efficiently managing and addressing the solid waste needs of these areas.
| Bidding Dates |
|---|
| 12 Jun 2023 - 14 Jun 2023 |
| Subscription |
|---|
| 242.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 1.1 M | ₹100 | 73.62 % | ₹114.2 M | RHP DOC |
Urban Enviro Waste IPO SUBSCRIPTION STATUS
14 Jun '23Urban Enviro Waste IPO overall subscription rate was 242.66 times the total available shares
Urban Enviro Waste IPO retail subscription rate was 209.52 times in the retail segment
Urban Enviro Waste IPO non-institutional investor subscription rate was 275.79 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Jun 2023 (Day 3) | 209.52x | 275.79x | - |
13 Jun 2023 (Day 2) | 33.9x | 8.26x | - |
12 Jun 2023 (Day 1) | 5.74x | 1.65x | - |
Urban Enviro Waste FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 10.6 | 263.0 | 52.6 | 26.4 | 18.8% |
| FY22 | 12.9 | 196.9 | 22.4 | -87.9 | 17.3% |
| FY21 | 8.3 | 157.3 | 8.3 | -12.7 | 11.5% |
| FY20 | 7.5 | 126.3 | 31.4 | 19.1 | 12.9% |
Urban Enviro Waste IPO SUBSCRIPTION STATUS DETAILS
Urban Enviro Waste had 1.1 M shares on offer
Urban Enviro Waste IPO offer price was ₹100
Urban Enviro Waste IPO minimum Investment was ₹120000
Urban Enviro Waste IPO issue size was ₹ 114.2 M
Urban Enviro Waste had a minimum lot size of 1200 Shares per application
Urban Enviro Waste NUMBER OF SHARES ON OFFER
Urban Enviro Waste IPO IMPORTANT DATES
| Issue Open Date | 12 Jun 2023 |
| Issue close Date | 14 Jun 2023 |
| Allotment Date | 19 Jun 2023 |
| Refund Date | 20 Jun 2023 |
| Demat Account Credit Date | 21 Jun 2023 |
| Listing Date | 22 Jun 2023 |
| Listing on Exchange(s) | NSE |
| Urban Enviro Waste Allotment Status | Exchange |
Urban Enviro Waste IPO subscription opened on 12 Jun 2023, and closed on 14 Jun 2023
IPO allotment for Urban Enviro Waste was finalized on Monday, 19 Jun 2023
IPO listing for Urban Enviro Waste was on NSE on Thursday, 22 Jun 2023
Urban Enviro Waste IPO LISTING GAINS
| Issue Price (adjusted) | 50.0 |
| Listing Open Price | 141.0 |
| Listing Close Price | 148.1 |
| Listing Gain% | 41.0% |
| Current Gain% | 190.7% |
Urban Enviro Waste Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Urban Enviro Waste Management Ltd. | 145.4 | 62.9 | 8.5 | -0.3 | 0.3 | 31.8 | 11.1 | 183.2 | 29.4 | 14.9 | 45.1 | 17.2 | -27.5 |
| EMS Ltd. | 404.4 | 2245.7 | 24.8 | -0.5 | 3.1 | 8.6 | 6.8 | 745 | -24.1 | 90.5 | -50.7 | 16.3 | -50.8 |
| Antony Waste Handling Cell Ltd. | 415.8 | 1180 | 15.6 | -1.3 | 1.1 | 10.2 | 4.3 | 1084.1 | 13.1 | 75.4 | -11.6 | 26.6 | -11.6 |
| Eco Recycling Ltd. | 498.4 | 961.8 | 41.5 | 73.6 | 20 | 20.9 | 17.2 | 52.8 | 14.1 | 23.1 | -64.9 | 12 | 0.6 |
| Concord Enviro Systems Ltd. | 276 | 571.1 | 39.1 | -0.5 | 1 | 3.4 | 2.1 | 585.7 | -2.3 | 19.8 | -61.6 | 7 | -71.7 |
| Hi-Green Carbon Ltd. | 139 | 347.2 | 101.2 | 3.8 | 2 | 141.3 | 43 | 3.4 | -69.2 | 1.4 |
Urban Enviro Waste INFORMATION ON IPO ISSUE
About Urban Enviro Waste
Urban Enviro Waste Management was established on June 2, 2011, and operates in the Indian MSW (Municipal Solid Waste) management industry. The company offers comprehensive MSW services, including solid waste collection, transportation, waste segregation, processing, and disposal across various cities in Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra. Its primary clients are local municipalities, and it is dedicated to efficiently managing and addressing the solid waste needs of these areas.
Object 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
Urban Enviro Waste - PROMOTERS
| Name |
|---|
| Suresh Sharma |
Urban Enviro Waste Lead Manager of the Issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Urban Enviro Waste Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Urban Enviro Waste Strengths
Wide portfolio
The company has a portfolio of 39 ongoing projects as of May 26, 2023, comprising MSW projects and sweeping projects
Experienced team
Promoters Suresh Sharma and Kamlesh Sharma have over 11 years of combined experience in the solid waste management industry
Urban Enviro Waste Risks
Dependent on municipal authorities
The business relies heavily on municipal authorities for a significant portion of its revenue. The loss of key work orders or projects could have a significant negative impact on the business
Limited geographies
The company's operations are concentrated in limited geographies, which contribute a significant portion of its revenue. Expansion into new geographies may not yield the same level of profitability as the existing major contracts
IPO FAQs
Urban Enviro Waste Management Ltd. IPO listing opened at Rs 141.00 while the issue price was Rs 100.00 giving 41.00% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 50.00 giving 190.70% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 2.2 crore, of 222,400 shares. It also consists of a fresh issue of Rs 9.2 crore.
The promoter of the company is Suresh Sharma.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 100.0 - 100.0.
The IPO application opens on Jun 12, 2023 and closes on Jun 14, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jun 19, 2023.
The refund will be credited to your account on Jun 20, 2023.
The allotted shares will be credited to your demat on Jun 21, 2023.
Urban Enviro Waste Management Ltd.’s shares listed on the stock exchanges on Jun 22, 2023.