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( As on 07/06/2023 11:10) Urban Enviro Waste announces launch of initial public offering

Urban Enviro Waste Management Ltd. has announced public offering of 1142400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 1,142.40 lakhs.

The company's initial public offer (IPO) will open on 12 June 2023 and is expected to close on 14 June 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1142400 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Urban Enviro Waste Management Ltd. anticipates using the proceeds of the issue for .

Pantomath Capital Advisors Pvt.Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.