Urban Enviro Waste Management Limited
IPO Details
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Company Fin.
₹42(42.00%)
Premium (ELP)
Following its successful public offering, Urban Enviro Waste Management Limited's made its market debut on Jun 22, 2023 and is now actively traded on the NSEplatform. The IPO mobilized 11,42,400 Shares in total capital, including 9,20,000 Shares in primary equity infusion and ₹2.22 Cr in secondary share sales.
The offering was structured with a price band of ₹100 to ₹100 and minimum investment lots of 1200 shares. Investor participation during the subscription window from Jun 12, 2023 to Jun 14, 2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on Jun 19, 2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2011, Urban Enviro Waste Management Limited specializes in providing comprehensive Waste Management and Municipal Solid Waste (MSW) Management services. The company’s operations include solid waste collection, transportation, segregation, processing, and disposal across Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra, primarily serving local municipalities. Additionally, it supplies skilled and semi-skilled manpower to various industries and institutions. Urban Enviro has executed over 24 projects, with 21 ongoing, including 18 MSW collection and transport projects and 3 processing projects. Notable clients include Jaipur Nagar Nigam, Ankleshwar Municipality, NEERI, MIHAN India Ltd, and NHDC Limited’s Indira Sagar Power Station.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Suresh Sharma
Urban Enviro Waste Management Limited
Bigshare Services Private Limited