In this article, we will discuss the Urban Enviro IPO and provide a comprehensive review of its details, including the price, allotment, and current market sentiments. Urban Enviro Waste Management, incorporated in 2011, is a prominent player in the Indian Municipal Solid Waste (MSW) management industry. The company offers a range of services, including solid waste collection, transportation, segregation, processing, and disposal across various cities in Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Maharashtra. Additionally, Urban Enviro provides skilled and unskilled manpower to industries and organizations.
Company Overview
Urban Enviro Waste Management caters to local municipalities, residential areas, industries, research institutes, power stations, government and semi-government hospitals, and cantonment boards. The company’s portfolio consists of 39 ongoing projects, including 18 MSW projects, 3 MSW processing projects, and sweeping projects. With its focus on efficient waste management and a diverse clientele, Urban Enviro has established itself as a reliable player in the industry.
Urban Enviro IPO Details
The following are the important details regarding the Urban Enviro IPO:
| Urban Enviro IPO Dates | 12 – 14 Jun 2023 |
| Urban Enviro IPO Price | INR 100 per share |
| Fresh issue | 9,20,000 shares (INR 9.20 crore) |
| Offer For Sale | 2,22,400 shares (INR 2.22 crore) |
| Total IPO size | 11,42,400 shares (INR 11.42 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
- IPO Dates: 12th to 14th June 2023
- IPO Price: INR 100 per share
- Fresh Issue: 9,20,000 shares (INR 9.20 crore)
- Offer for Sale: 2,22,400 shares (INR 2.22 crore)
- Total IPO Size: 11,42,400 shares (INR 11.42 crore)
- Minimum Bid (Lot Size): 1,200 shares (INR 120,000)
- Face Value: INR 10 per share
- Retail Allocation: 50%
- Listing On: NSE SME
Financial Performance
Let’s take a look at Urban Enviro Waste Management’s financial performance over the years:
| FY | 2020 | 2021 | 2022 | 9M FY 2023 |
|---|---|---|---|---|
| Revenue (INR Lakhs) | 1,262.81 | 1,572.83 | 1,969.01 | 2,629.96 |
| Expenses (INR Lakhs) | 1,183.09 | 1,490.40 | 1,792.26 | 2,490.88 |
| Net Income (INR Lakhs) | 75.07 | 82.88 | 129.35 | 106.42 |
Valuations and Margins
The following table provides the valuation and margin figures for Urban Enviro Waste Management:
| FY | 2020 | 2021 | 2022 |
|---|---|---|---|
| EPS | 2.20 | 2.43 | 3.79 |
| PE Ratio | – | – | 26.39 |
| RONW (%) | 71.50 | 44.11 | 40.77 |
| NAV | 3.08 | 5.51 | 9.30 |
| EBITDA (%) | 12.86 | 11.45 | 17.34 |
| Debt/Equity | 0.92 | 0.99 | 3.84 |
Urban Enviro IPO GMP
The Grey Market Premium (GMP) of the Urban Enviro IPO will be determined by the demand and supply dynamics in the secondary market. As of now, the GMP for the Urban Enviro IPO is not available. Investors are advised to stay updated with the latest market trends and consult their financial advisors for accurate information on the GMP.
Urban Enviro IPO Review
The Urban Enviro IPO has garnered significant attention in the market due to the company’s strong presence in the MSW management industry. The company’s diversified portfolio and focus on providing comprehensive waste management solutions have positioned it as a reliable player in the market. Investors should consider the company’s financial performance, future growth prospects, and overall market conditions before making an investment decision.
Urban Enviro IPO Price
The issue price for the Urban Enviro IPO is set at INR 100 per share. This price reflects the valuation of the company and its growth potential. Investors should carefully evaluate the company’s financials, industry outlook, and IPO subscription details before deciding on the price they are willing to pay for the shares.
Urban Enviro IPO Allotment
The allotment of shares for the Urban Enviro IPO will be conducted according to the rules and regulations set by the Securities and Exchange Board of India (SEBI). The allotment process ensures a fair and transparent distribution of shares to eligible investors. Investors can check the allotment status on the official website of the registrar or through other designated channels.
Conclusion
The Urban Enviro IPO presents an opportunity for investors to participate in the growing waste management sector in India. With its established presence in multiple states and a diverse range of services, the company is well-positioned for future growth. However, investors should carefully assess the company’s financial performance, industry dynamics, and market conditions before making an investment decision. It is recommended to consult with financial advisors for personalized guidance based on individual investment goals and risk appetite.
FAQs
How often does the IPO Grey Market Premium change?
The Grey Market Premium is dynamic and can change frequently, influenced by market conditions and investor sentiment. It is advisable to stay updated with the latest figures through reliable sources.
Can investors participate in the Grey Market trading?
Grey Market trading is conducted through a network of dealers, and participation is limited to select individuals or entities. It is an unofficial market and not regulated like the stock exchange.
Should investors rely solely on the IPO Grey Market Premium for investment decisions?
No, investors should consider the Grey Market Premium as one of several factors when making investment decisions. Thorough research, analysis of company fundamentals, and expert advice are equally important.
What is the significance of Kostak rates in IPO investments?
Kostak rates represent the price at which investors can sell their IPO application before listing. It provides an opportunity for early exits. Investors should evaluate both GMP and Kostak rates to make informed decisions.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions.
