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Urban Enviro Waste Management Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Urban Enviro Waste Management Ltd IPO

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 (Rs)100.00-0.00 (Rs)0.00-0.00
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 (Rs)100.00  
 
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