Urban Enviro Waste Management Limited IPO
Incorporated in 2011, Urban Enviro Waste Management Limited provides Waste Management Solutions & Municipal Solid Waste (MSW) Management services.
The company’s services list 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. The company also carries on the activity of providing human resources like staff, workers, and skilled/semi-skilled labourers required by various industries and organizations.
The company caters to Indian Local Bodies along with providing its services to Residential Areas, Industries, Research Institutes, Power Stations, Government & Semi Government Hospitals, and Cantonment Boards to name a few.
Urban Enviro Waste Management primarily undertakes Collection & Transport projects & MSW processing projects. It has undertaken more than 24 projects to date. Out of these 21 are ongoing, which comprises 18 MSW C&T projects, and 3 MSW processing projects.
Urban Enviro Waste Management’s notable ongoing projects include Jaipur Nagar Nigam, Ankleshwar, NEERI, MIHAN India Ltd, NHDC Limited Indira Sagar Power Station to name a few.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 751.08 | 1,279.82 | 75.07 | 105.00 | 104.00 | 96.24 |
| 31-Mar-21 | 701.25 | 1,587.48 | 82.88 | 187.88 | 186.88 | 186.23 |
| 31-Mar-22 | 2,115.98 | 1,977.36 | 129.35 | 317.23 | 316.23 | 1,218.11 |
| Amount in ₹ Lakhs | ||||||
Objects of the 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 IPO Timetable (Tentative)
Urban Enviro Waste Management IPO opens on Jun 12, 2023, and closes on Jun 14, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 12 June 2023 |
| Closing Date | Wednesday, 14 June 2023 |
| Basis of Allotment | Monday, 19 June 2023 |
| Initiation of Refunds | Tuesday, 20 June 2023 |
| Credit of Shares to Demat | Wednesday, 21 June 2023 |
| Listing Date | Thursday, 22 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 14, 2023 |
