Urban Enviro Waste Management Ltd IPO

About Company

Urban Enviro Waste Management is a company engaged in Indian MSW (Municipal Solid Waste) management industry providing MSW services which include 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 partners with different local bodies and serves to manage and reduce waste at each stage from collection to disposal. Urban Enviro Waste Management’s “Solid Waste” business is operated and managed locally that provides collection, transfer, and disposal services. It also carries on the business of providing manpower like staff, workers, labours skilled/unskilled required by various industries and organisations. The opening date for Urban Enviro Waste Management IPO is Monday, 12 June 2023 and the closing date is Wednesday, 14 June 2023.

Urban Enviro Waste Management Limited IPO Details

Investors can bid for the Urban Enviro Waste Management Limited IPO, which is a 100% fresh issue of up to 9,20,000 equity shares with the face value of ₹10 each. Additionally, the offer has its price set at ₹100 per share and the lot size is 1200. The IPO will list on the NSE.

Urban Enviro Waste Management Limited IPO Objective >

The objectives of Spectrum Talent IPO are listed below:

Should you invest in Urban Enviro Waste Management Limited?

Here are a few important factors to consider before investing in the IPO:

• Repayment of certain secured borrowings (including accrued interest and foreclosure charges, if any) in full availed by the company.
• Funding the working capital requirements.
• General corporate purposes.

Competitive Peers

Antony Waste Handling Cell Limited is a peer company listed in India engaged in the same business line. Considering the nature, range of products/services, turnover, and size of the business of the company, the peer is not strictly comparable. 

Highlights of Urban Enviro Waste Management Ltd

• Urban Enviro Waste Management is primarily engaged in the execution of Collection & Transport initiatives as well as MSW processing endeavors. To date, the company has successfully has 39 ongoing projects as on May 26, 2023 comprising of MSW projects, MSW processing project and sweeping project.
• The company is currently undertaking projects for Saoner Municipal Council, Mul Municipal Corporation, Jaipur Nagar Nigam, Deori Municipal Council, Bahulgaon Municipal Council, Gadchandur Municipal Council, Nagpur Municipal Corporation (“NMC”), Jaipur Municipal Corporation (“JMC”), Vadodara Municipal Corporation, Ahmedabad Municipal Corporation and Ankleshwar Nagarpalika.