Business Standard

Urban Enviro Waste Management Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

11.42 cr

Price Range (₹)

100

Lot Size

1200

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

12-Jun-2023

Close Date

14-Jun-2023

Listing Date

22-Jun-2023

Urban Enviro Waste Management Ltd News

    The Shares of Urban Enviro Waste Management Ltd have now been listed.

    Urban Enviro Waste Management Ltd IPO Details

    Initial public offer of 11,42,400* equity shares of face value of Rs. 10.00 each (The Offer) of Urban Enviro Waste Management Limited (Urban Enviro or The Company or The Issuer) for cash at a price of Rs. 100.00 per equity share (including a share premium of Rs. 90.00 per equity share) aggregating Rs. 11.42 crores (the Offer) of the company consisting of fresh issue of 9,20,000* equity shares of face value of Rs. 10/- each (Equity Shares) for cash at a price of Rs. 100 per equity share (including a share premium of Rs. 90 per equity share)(Offer Price) aggregating upto Rs. 9.20 crores (the Fresh Issue) and an offer for sale of 2,22,400* equity shares (Offered Shares) of face value of Rs. 10/- each (Equity Shares) for cash at a price of Rs. 100 per equity share (including a share premium of Rs. 90 per equity share)(Offer Price) aggregating up to Rs. 2.22 crores by Vikas Sharma (the Selling Share Holder). The offer includes a market maker reservation of upto 57,600 equity shares of face value Rs. 10/- each at a price of Rs. 100 per equity share aggregating Rs. 0.58 crores(constituting upto 1.33% of post issued paidup equity sharecapital of the company). the offer less the market maker reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute 26.38 % and 25.05 %, respectively, of the post-offer paid-up equity share capital of the company, respectively. The face value of the equity shares is Rs. 10.00 each. The offer price is Rs. 100,i.e. 10 times of the face value.Minimum application of 1200 equity shares and in multiples of 1200 equity shares thereafter.

    Objective of issue

    Repayment of certain secured borrowings in full availed by the company. Funding the working capital requirements of the company. General corporate purposes.

    Urban Enviro Waste Management Ltd Contact Details

    Urban Enviro Waste Management Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@urbanenv.in

    Website - http://www.urbanenviroltd.com