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IPO

IPO Synopsis
Urban Enviro Waste Management Ltd
Registered Office: F No 401 Sarkar Apartment,P No 127 Shankar Nagar , Nagpur - 440010 , Maharashtra , India.
Phone : 91-712-299 6029   Fax:
Email :  info@urbanenv.in  
Website :  http://www.urbanenviroltd.com
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 share capital 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.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Jun-23 14-Jun-23 Rs100.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  Rs Cr Lead Managers to the Issue
Project Cost 8.40
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 11.42  
Post Issue Equity Share Capital 4.33  
Issue Price Rs100.00  
 
Projects
Repayment of certain secured borrowings in full availed by the companyGeneral corporate purposes
Funding the working capital requirements of the company
Promoted By
Suresh Sharma
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd