Urban Enviro IPO: How To Check Allotment Status

Urban Enviro Waste Management IPO worth ₹11.42 crore, consists of a fresh issue combined with an offer for sale (OFS) of the said amount. The company has issued a total of 11,42,400 shares at a fixed price of ₹100 per share aggregating to total issue size of ₹11.42 crore. The break-down of the offer reservation across different categories of investors is as under.

The response of the Urban Enviro Waste Management IPO was extremely gratifying and it was subscribed 255.49X overall at the close of bidding on 14th June 2023 with the retail segment seeing 220.65 times subscription and the non-retail portion seeing 281.41 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 14th June 2023.

The basis of allotment will be finalized on Monday, 19th June 2023, the refunds will be initiated on 20th June 2023, demat credits will be finalized on 21st June 2023, while the stock of Urban Enviro Waste Management Ltd will get listed on the NSE and the BSE on 22nd June 2023. The company had a pre-IPO promoter holding of 75% and post the IPO, the promoter stake in Urban Enviro Waste Management Ltd will stand reduced to 59.06%. On listing, the company will have an indicative P/E ratio of 30.49X.

If you have applied for the IPO, there are two ways that you can check your allotment status online. You can either check your allotment status on the BSE (Bombay Stock Exchange) website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Urban Enviro Waste Management Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Urban Enviro Waste Management Ltd from the dropdown box. The allotment status will be finalized on Monday, 19th June 2023, so in this case, you can access the details on the registrar website either late on 19th June 2023 or by middle of 20th June 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
   
• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases.
   
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Urban Enviro Waste Management Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 22nd June 2023.