About Enviro Infra Engineers IPO

Enviro Infra Engineers is gearing up to launch its Rs 650.43 crore IPO. This IPO subscription is an amalgamation of a fresh issue of Rs 572.46 crore (3.87 crore shares) and an offer-for-sale of Rs 77.97 crore (0.53 crore shares). The firm is preparing to make its debut on both the NSE and BSE.

Retail investors need to invest a minimum of Rs 14,948. Small NII investors require a minimum investment of Rs 209,272 for 1,414 shares, which is 14 lots. Large NII investors need a minimum investment of Rs 1,001,516 for 6,767 shares, which is 67 lots.

Bigshare Services Pvt Ltd is acting as the registrar for the issue. Hem Securities Ltd is the book running lead manager in this IPO.

Enviro Infra Engineers IPO GMP Details:

The most recent GMP of the IPO is Rs 26, as of 19th November, 2024 12:01 PM. The IPO has a price band of Rs 148. The estimated listing price for Enviro Infra Engineers is Rs 174, reflecting a potential gain of 17.57% per share.

For the IPO, the Retail Subject to Sauda is Rs 2,000, and the Small HNI Subject to Sauda is Rs 28,000. The GMP ranges from a low of Rs 0 to a high of Rs 29.

Enviro Infra Engineers IPO Details

Enviro Infra Engineers IPO Opening Date and Closing Date	22nd November to 26th November
Face Value	Rs 10 per share
Price Band	Rs 140 to Rs 148 per share
Lot Size	101 Shares
Total Issue Size	43,948,000 shares (aggregating up to Rs 650.43 Cr)
Fresh Issue	38,680,000 shares (aggregating up to Rs 572.46 Cr)
Offer for Sale	5,268,000 shares (aggregating up to Rs 77.97 Cr)
Employee Discount	Rs 13 per share
Issue Type	Book-Built Type Issue
Listing At	NSE, BSE
Shareholding Pre-Issue	136,850,000
Shareholding Post Issue	175,530,000
Basis of Allotment	Wednesday, 27th November, 2024
Refund Initiation	Wednesday, 27th November, 2024
Credit of Shares in Demat	Thursday, 28th November, 2024
Listing Date	Friday, 29th November, 2024
Cut-off time for UPI mandate confirmation	5 PM on 26th November, 2024
Draft Red Herring Prospectus	Link
Red Herring Prospectus	Link

Enviro Infra Engineers Company Insights

Established in the year 2009, Enviro Infra Engineers Limited is into the designing, building, and handling water and wastewater agencies through treatment plants for the governments.

The firm participates in the tenders floated by state governments and ULBs for the setting up of WWTPs and WSSPs, either on EPC basis or on HAM basis.

By 30th June, 2024, it undertook 28 projects within seven years, of which 22 had a capacity of 10 MLD and above.

The firm has a pool of 180 engineers plus consultants and industry experts for design, engineering and construction of projects.

Enviro Infra Engineers Lot Size, Shares, And Their Value:

Application	Lots	Shares	Amount
Retail (Min)	1	101	Rs 14,948
Retail (Max)	13	1,313	Rs 194,324
S-HNI (Min)	14	1,414	Rs 209,272
S-HNI (Max)	66	6,666	Rs 986,568
B-HNI (Min)	67	6,767	Rs 1,001,516

Investor categories and Enviro Infra Engineers shares offered:

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Enviro Infra Engineers Company Performance:

For the period ended on 31st March, 2024 & 31st March, 2023:

Periods Ended	31st Mar, 2024	31st Mar, 2023
Assets	Rs 761.19 Cr.	Rs 347.58 Cr.
Revenue	Rs 738 Cr.	Rs 341.66 Cr.
Profit After Tax	Rs 110.54 Cr.	Rs 54.98 Cr.
Net Worth	Rs 292.18 Cr.	Rs 126.51 Cr.
Reserves and Supplies	Rs 155.51 Cr.	Rs 101.11 Cr.
Total Borrowing	Rs 233.59 Cr.	Rs 64.54 Cr.

Enviro Infra Engineers IPO: Worth Investing?

Financial Performance:

Revenue: The company generated Rs 812.87 crore in revenue during the period ended on 30th June, 2024.

Profit After Tax (PAT): The company earned a profit of Rs 207.46 crore after deducting taxes.

Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 30.78 crore.

Financial Position:

Assets: The company’s total assets amounted to Rs 323 crore.

Reserves and Surplus: The company has accumulated reserves and surplus of Rs 186.29 crore.

Total Borrowing: The company has borrowed a total of Rs 305.59 crore.

Enviro Infra Engineers Key Performance Indicators (KPI) and their values:

The market capitalisation of Enviro Infra Engineers IPO is Rs 2,597.84 crore. As of 31st March, KPI and their values are:

KPI	Values
Return on Equity (ROE)	51.68%
Return on Capital Employed (ROCE)	32.34%
Return on Net Worth (RoNW)	37.83%
Price to Book Value (P/BV)	6.89
Debt/Equity	0.8
PAT Margin (%)	15.17

Objectives of Enviro Infra Engineers IPO

The company plans to use the funds from the Fresh Issue for the following purposes:

• Covering Working Capital needs.

• Investing in its subsidiary, EIEL Mathura Infra Engineers Pvt. Ltd., to build a 60 MLD STP under the Mathura Sewerage Scheme in Uttar Pradesh via a Hybrid Annuity PPP Model.

• Repaying or prepaying part or all of its outstanding loans.

• Supporting acquisitions and other corporate requirements.

Some major risks associated with the Enviro Infra Engineers IPO are:

• Being a government-dependent company, Enviro Infra Engineers is vulnerable to policy or budget changes.

• Its marketplace is highly competitive, especially in the water and wastewater management sector, which needs constant innovation and cost efficiency to be ahead of the game.

• Since it operates in a niche sector, any regulatory or environmental conditions affecting projects and profits would pose a risk to the company.

Frequently Asked Questions (FAQs)

What is the price band of Enviro Infra Engineers’ IPO?

Price band has been fixed at Rs 140 and Rs 148 per share.

What is the retail investor quota of Enviro Infra Engineers’ IPO? 

A minimum of 35% shares shall go to the retail investors.

Where can I track Enviro Infra Engineers’ stock performance?

You can monitor it on Unicorn Signals once it’s listed.

How can I apply for Enviro Infra Engineers’ Initial Public Offer?

Via your demat account or through the banking or other financial institutions during the period of IPO.

When is the Last Date of IPO subscription for Enviro Infra Engineers?

The cut-off time is 26th November, 2024, at 5 PM; however, most brokers stop accepting applications between 1-3 PM.

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