Enviro Infra Engineers IPO - AstroIPO

Enviro Infra Engineers IPO


November 18, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Enviro Infra Engineers Ltd. has announced its IPO with subscriptions starting November 22, 2024. This construction company sets its IPO price band at ₹140-148 per share, targeting to raise ₹650.43 crores through its public offering.

The IPO structure includes a fresh issue of 38,680,000 shares (₹572.46 crores) and an offer for sale of 5,268,000 shares (₹77.97 crores). People can apply for a minimum lot of 101 shares, requiring ₹14,948 at the upper price band. The company offers its employees a discount of ₹13 per share, creating value for its workforce. Each share has a face value of ₹10.

The IPO remains open until November 26, 2024, and will list on both BSE and NSE. Through this book-built issue, the company plans to offer a total of 43,948,000 shares to the public.

Enviro Infra Engineers IPO Details

The key details of Enviro Infra Engineers’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹650.43 Cr
Price Range ₹140 - ₹148
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount ₹13 Per Share
Listing at NSE and BSE
Minimum Quantity 101
Investment (cut-off price) ₹14,948
Pre IPO Promotor Holding 93.66%
Post IPO Promotor Holding Update soon
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Enviro Infra Engineers IPO Timelines

The IPO process for Enviro Infra Engineers includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

22/11/2024
Start Date
26/11/2024
End Date
27/11/2024
Allotment Date View Status
28/11/2024
Refund Initiation
28/11/2024
Credit of Shares to Demat Ac
29/11/2024
Listing Date

Enviro Infra Engineers IPO Lot Size

The Enviro Infra Engineers IPO has a fixed lot size of 101 shares, at an upper price band of ₹148 per share, requiring ₹14,948 per lot for retail investors. Retail investors can apply for a maximum of 1,313 shares worth ₹194,324. For Small HNI (S-HNI), the minimum application starts at 1,414 shares (₹209,272) up to 6,666 shares (₹986,568), while Big HNI (B-HNI) requires a minimum of 6,767 shares amounting to ₹1,001,516.

Application Lot Size Shares Amount
Retail Minimum 1 101 ₹14,948
Retail Maximum 13 1313 ₹194,324
S-HNI Minimum 14 1414 ₹209,272
S-HNI Maximum 66 6666 ₹986,568
B-HNI Minimum 67 6767 ₹1,001,516

Enviro Infra Engineers IPO Subscription Status

The subscription status for Enviro Infra Engineers IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
157.05x 153.80x 24.48x 37.77x 89.90x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹220 ₹207.16 ₹233.70 ₹205.05

Enviro Infra Engineers IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹124.12 ₹114.54 ₹8.61
FY 2022 ₹223.53 ₹179.55 ₹34.55
FY 2023 ₹338.10 ₹267.07 ₹55.34
FY 2024 ₹428.57 ₹362.53 ₹51.88

About Company

Enviro Infra Engineers Limited, established in 2009, specializes in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government agencies. Its expertise spans Sewage Treatment Plants (STPs), Sewerage Schemes (SS), Common Effluent Treatment Plants (CETPs), Water Treatment Plants (WTPs), pumping stations, and pipeline networks for water supply. The company actively participates in state government and urban local body tenders for EPC and HAM-based projects, contributing significantly to India’s water management infrastructure.

As of June 30, 2024, Enviro Infra Engineers has successfully completed 28 WWTPs and WSSPs in seven years, including 22 large-capacity projects (10 MLD and above). Both WWTPs and WSSPs benefit from partial or full funding through Central Government initiatives such as the National Mission for Clean Ganga. The company boasts a robust order book of ₹1,90,628.06 lakhs, reflecting its strong presence and capability in the water and wastewater treatment sector.

Incorporation Date Sector Managing Director
2009 Construction Manish Jain

Know Before Investing

Enviro Infra Engineers IPO Strengths

  • Dedicated team for designing, engineering, and project execution.
  • Diverse projects spread across India.
  • Proven ability to deliver projects on time.
  • Promoters and senior management with extensive expertise.

Enviro Infra Engineers IPO Risks

  • Business relies on securing WWTP and WSSP projects funded by Central and State Governments; failure to win bids could affect operations.
  • Inability to leverage government initiatives in water and wastewater treatment may reduce profitability.
  • Significant capital is required to maintain operational efficiency.
  • Alterations in environmental and water treatment regulations could influence business performance.

Swot Analysis for Enviro Infra Engineers IPO

Strengths

In house designing, engineering and execution team

Weaknesses

Urbanization, Growing population, Various government initiatives

Opportunities

Slowdown in India’s economic growth, Inflation risk

Threats

Heavily dependent on government bids

Company Details

Enviro Infra Engineers Limited

Unit No 201, Second Floor, Plot No. B,
CSC/OCF-01, RG Metro Arcade, Sector -11,
Rohini, Delhi North West 110085

Phone: +91 11 4059 1549

Email: cs@eiepl.in

Website: http://www.eiel.in/

IPO Registar Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

FAQs

The key objectives of Enviro Infra Engineers IPO are:

  • To fund working capital requirements.
  • For corporate general purposes.
  • To meet issues expenses.

Hem Securities Limited is the book-running lead managers for the Enviro Infra Engineers IPO.

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