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Enviro Infra Engineers Ltd

Infrastructure Developers & Operators

Offer Period :

22nd to 26th Nov 2024

Enviro Infra Engineers Ltd IPO Details

IPO Date 22nd to 26th Nov 2024 Minimum Investment ₹14948 / 1 Lots
Listing Date 2024-11-29 Maximum Investment ₹194324 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹650.43 Crores
Price ₹148 to ₹148 per share Fresh Issue ₹572.46 Crores
Lot Size 1 Lots (101 Shares) Offer For Sale ₹ 77.97
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹13 per share    
IPO Date 22nd to 26th Nov 2024
Listing Date 2024-11-29
Face Value ₹10 per share
Price ₹148 to ₹148 per share
Lot Size 1 Lots (101 Shares)
Listing At BSE, NSE
Employee Discount ₹13 per share
Minimum Investment ₹14948 / 1 Lots
Maximum Investment ₹194324 / 13 Lots
Total Issue Size ₹650.43 Crores
Fresh Issue ₹572.46 Crores
Offer For Sale
Retail Discount ₹ 0

About Enviro Infra Engineers Limited

Established in 2009, Enviro Infra Engineers Limited specializes in designing, constructing, operating, and maintaining water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs) for government entities. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs), while WSSPs encompass Water Treatment Plants (WTPs), pumping stations, and pipeline installations for water supply.

The company actively participates in state government and ULB tenders for developing WWTPs and WSSPs on an EPC or HAM basis. As of June 30, 2024, it has completed 28 WWTPs and WSSPs across India, with 22 projects boasting a capacity of 10 MLD or more. Enviro Infra's strengths include an in-house design, engineering, and execution team, a diversified project portfolio, advanced technology use, and on-time project delivery. The company’s 180 engineers, supported by external consultants, ensure consistent financial growth and eligibility for high-value project tenders.

Timeline

Important dates for allocation and IPO listing.

22nd Nov

IPO Starts

26th Nov

IPO Ends

27th Nov

Allotment Date

27th Nov

Initiation of Refund

28th Nov

Credit of Shares to Demat Account

29th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 93.66 69.98
Public Group 6.34 30.02

Enviro Infra Engineers Ltd IPO Reservation

QIB Shares Offered 8769600(19.95%)
NII (HNI) Shares Offered 6577200(14.97%)
Retail Shares Offered 15346800(34.92%)
Anchor Investor Shares Offered 13154400(29.93%)
Total Shares Offered 43948000
Total Shares With Anchor Investor 43948000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Enviro Infra Engineers Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Enviro Infra Engineers Ltd IPO Lead Manager

1. Hem Securities Ltd

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Enviro Infra Engineers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 87,69,600 2,27,83,883 197.0
Non Institutional Investors (NIIs) 65,77,200 30,65,71,663 49,448.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 43,84,800 22,51,76,571 13,56,100.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 21,92,400 8,13,95,092 13,56,100.0
Retail Individual Investors (RIIs) 1,53,46,800 15,68,81,684 5,30,642.0
Employee Reserved 1,00,000 15,50,148 0.0
Total 3,07,93,600 48,77,87,378 13,56,100.0

Strength of Enviro Infra Engineers Ltd

1. In house designing, engineering and execution team 180 engineers.

2. Increasing presence in existing geographies such as Gujarat, Rajasthan, Punjab, Karnataka, Haryana, Uttar Pradesh, Madhya Pradesh and Chhattisgarh with new projects.

3. Diversified Order Book of 21 projects across India for an aggregate value of Rs.1,90,628.06 lakhs as of June 30, 2024 across India.

4. In-house execution capabilities with timely delivery and established track record enabling consistent increase in eligibility for high value project tenders

5. Use of advanced technologies in the construction and installation of WWTPs and WSSPs.

6. Experienced Promoters and senior management team.

7. Consistent financial performance.

Risks Involved

1. The company bid for Water and Wastewater Treatment Plants (WWTPs) & Water Supply Scheme Projects (WSSPs) funded by the Central and State Governments and derives the company revenues from the contracts awarded to it. Any reduction in budgetary allocation to this sector may affect the number of projects that the government authorities /bodies may plan to develop in a particular period. Its business is directly and significantly dependent on projects awarded by them.

2. Its projects are awarded through the competitive bidding process by government authorities/bodies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.

3. The company relies on its in-house designing, engineering and construction teams for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.

4. Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.

5. Its Order Book shall mean estimated contract value of the unexecuted portion of the company existing assigned EPC/ HAM contracts and is an indicator of visibility of its future revenue and it may not be representative of the company future results and its actual income may be significantly less than the estimates reflected in the company Order Book, which could adversely affect its results of operations.

6. Failures to capitalize on government policy initiatives in the water and wastewater treatment market.

7. The company relies on various third parties in the civil construction activities for installing its Water and Wastewater Treatment Plants (WWTPs) & Water Supply Scheme Projects (WSSPs) and factors affecting the performance of their obligations could adversely affect the company projects.

8. The company relies on joint venture partners for selective government projects bids and execution of awarded projects. As on June 30, 2024, the company has developed 9 WWTPs and WSSPs across India in past seven (7) years through its Joint Ventures aggregating to Rs.33,373.00 lakhs. Further, its Water and Wastewater Treatment Plants (WWTPs) projects and Water Supply Scheme Projects (WSSPs) projects to be developed through the company joint ventures comprises of 66,454.15 lakhs constituting 34.86% of its Order Book as of June 30, 2024. The failures of a joint venture partner to perform its obligations could impose additional financial and performance obligations resulting in reduced profits or, in some cases, significant losses from the joint venture and may have an adverse effect on its business, results of operations and financial condition. In the event that a claim, arbitration award or judgement is awarded against the consortium, its may be responsible for the entire claim.

9. The company has diversified its offerings with "Waste to Energy" additions like Solar Power Plants and Compressed Bio Gas (CBG) forming a part of projects. The company may fails in implementing these initiatives successfully which may affect its future growth and prospects.

10. The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate the company's business and implement its growth plans, thereby affecting the company financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 761.19 347.58 148.27
Total Liabilities 761.19 347.58 148.27
Total Expenses 591.02 267.07 179.55
Total Revenue 
738 341.66 225.62
Profit After Tax 108.43 54.98 34.55
EBITDA 175.59 85.25 52.12
Adjusted EBITDA 0 0 0

Enviro Infra Engineers Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-11-29 544290 EIEL
INE0LLY01014
₹148 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹148 ₹148
Open ₹218 ₹220
Low ₹205.1 ₹205.05
High ₹233.5 ₹233.7
Low ₹205.1 ₹205.05

Frequently Asked Questions

What is Enviro Infra Engineers Ltd IPO?

Answer Field

Enviro Infra Engineers Ltd IPO is a Mainboard IPO of 4,39,48,000 equity shares of a face value of ₹10 aggregating up to ₹650.43 Crores. The issue is priced at ₹148 to ₹148 per share. The minimum order quantity is 101 Shares. The IPO opens on November 22, 2024, and closes on November 26, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Enviro Infra Engineers Ltd IPO will open?

Answer Field

The Enviro Infra Engineers Ltd IPO opens on November 22, 2024 and closes on November 26, 2024.

What is the lot size of Enviro Infra Engineers Ltd?

Answer Field

Enviro Infra Engineers Ltd lot size is 101 shares, and the minimum amount required is ₹14,948.

How to apply for Enviro Infra Engineers Ltd IPO?

Answer Field

You can apply in Enviro Infra Engineers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Enviro Infra Engineers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Enviro Infra Engineers Ltd IPO will be done on November 27, 2024, and the allotted shares will be credited to your demat account by November 28, 2024.

When is Enviro Infra Engineers Ltd IPO listing date?

Answer Field

The Enviro Infra Engineers Ltd listing date is November 29, 2024.

Who is the registrar of Enviro Infra Engineers Ltd IPO?

Answer Field

The registrar of Enviro Infra Engineers Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Enviro Infra Engineers Ltd IPO?

Answer Field

The fresh issue size is ₹572.46 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Enviro Infra Engineers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 101 shares and ₹14,948 amount.

How can I approve the UPI mandate request for Enviro Infra Engineers Ltd IPO?

Answer Field

To apply for Enviro Infra Engineers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Enviro Infra Engineers Ltd?

Answer Field

The price of each Enviro Infra Engineers Ltd share will be ranging in between ₹148 to ₹148 per share.

What is the cut-off time for the UPI mandate for Enviro Infra Engineers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 26, 2024.

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