Urban Enviro Waste Management Limited, a company that provides Waste Management Solutions & Municipal Solid Waste (MSW) Management services, is all set to launch an initial public offering (IPO) from 12th June to 14th June 2023. The company is planning to raise a capital of Rs 11.42 crores through this issue. Equity shares of face value Rs 10 will be issued at a price of Rs 100 in this issue. Let’s have a close look at the further details of Urban Enviro Waste Management IPO.
About Urban Enviro Waste Management Limited
Established in 2011, Urban Enviro Waste Management Limited is a leading provider of Waste Management Solutions and Municipal Solid Waste (MSW) Management services. With a strong presence in Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra, the company offers a comprehensive range of services including solid waste collection, transportation, waste segregation, and processing, as well as disposal services. Their clientele primarily consists of local municipalities, residential areas, industries, research institutes, power stations, government and semi-government hospitals, and cantonment boards.
Urban Enviro Waste Management specializes in Collection & Transport projects as well as MSW processing projects. With a track record of successfully executing over 24 projects, the company currently has 21 ongoing projects. These include 18 MSW Collection & Transport projects and 3 MSW processing projects. Some of their noteworthy ongoing projects include collaborations with Jaipur Nagar Nigam, Ankleshwar, NEERI, MIHAN India Ltd, and NHDC Limited Indira Sagar Power Station, among others.
As part of their comprehensive waste management services, Urban Enviro Waste Management also provides human resources such as staff, workers, and skilled/semi-skilled labourers to meet the requirements of various industries and organizations. Through their commitment to sustainable waste management practices, the company plays a vital role in maintaining cleanliness and environmental hygiene in the regions they serve.
Urban Enviro Waste Management IPO Details
| Issue Type | Fixed Price Issue IPO |
| Issue Opens | 12th June 2023 |
| Issue Closes | 14th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 100 Per Share |
| Issue Size | 1,142,400 shares (₹11.42 Cr) |
| Minimum Order Quantity | 1200 Shares |
| Listing | NSE SME |
Urban Enviro Waste Management IPO Issue
The company intends to utilize the proceeds from the net issue for the following objects:
- Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by the company;
- Funding the working capital requirements, and
- General corporate purposes.
Urban Enviro Waste Management Ltd — Company Contact Details
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/
Urban Enviro Waste Management IPO – Lead Manager of the Issue
The lead manager of this IPO issue Pantomath Capital Advisors Pvt Ltd.
Urban Enviro Waste Management IPO – Registrar of the Issue
The registrar of this IPO issue is Bigshare Services Pvt Ltd.
Issue Prospectus
Click here to read the Prospectus of this IPO Issue.
Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
