Urban Enviro Waste Management Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Urban Enviro

CMP

388.80

-18.90 (-4.64%)

₹100

Offer Price

₹ 11.42 Cr

Issue Size

₹ 1,20,000

Min Investment

1,200

Lot size

Time Line

  • 12
    Jun 2023
    Open
  • 14
    Jun 2023
    Close
  • 16
    Jun 2023
    Finalisation of Basis of Allotment
  • 19
    Jun 2023
    Initiation of Refunds
  • 20
    Jun 2023
    Transfer of Shares to Demat Account
  • 22
    Jun 2023
    Listing Date

Risks

  • The company business is dependent on municipal authorities for a significant proportion of its business and revenue from operation. The loss of any of its key work order or Projects could have a material adverse effect on its business, results of operations, financial condition and cash flows.

  • Solid Waste Management (SWM) projects are typically awarded to its on satisfaction of prescribed prequalification criteria and following a competitive bidding process. Its business and th e company financial condition may be adversely affected if new SWM projects are not awarded to it.

  • One of the natures of its business model from municipalities/government /tenders exposes it to liability claims and contract disputes and its indemnities may not adequately protect it. Any liability in excess of its reserves or indemnities could result in additional costs, which would reduce its profits.

  • The company depend on a limited number of customers for a significant portion of its revenue. The loss of any of its major customer due to any adverse development or significant reduction in business from its major customer may adversely affect its business, financial condition, results of operations and future prospects.

  • The company operate in limited geographies for a significant portion of its revenue. Projects in new geographies may not be as profitable as the current major contracts.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 19.69 (25.20%) 39.16 (98.90%) 40.77 (-)
Gross Profit 19.69 (25.20%) 39.16 (98.90%) 40.77 (-)
Net Income 19.69 (25.20%) 39.16 (98.90%) 40.77 (-)
Assets 19.69 (25.20%) 39.16 (98.90%) 40.77 (-)
Liabilities 19.69 (25.20%) 39.16 (98.90%) 40.77 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Urban Enviro Waste Management Ltd 19.69 1.29 18.69 15.52 40.77 0.00 3,172.30 2.63 0.82
Antony Waste Handling Cell Ltd 648.42 67.89 964.76 964.76 16.29 24.00 188.32 7.03 0.41

Book Running Managers

  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

F No 401 Sarkar Apartment,
P No 127 Shankar Nagar,
Nagpur - 440010
Phone : 91-712-299 6029 Email : info@urbanenv.in http://www.urbanenviroltd.com

Offer Related Information

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... More

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