Enviro Infra Engineers IPO
IPO Listing Details
- Listing Date
29 Nov 2024
- Listing Price
₹218.00
- Listing Change
47.30%
- Last Traded Price
₹319.86
IPO Details
- Open Date
22 Nov 2024
- Close Date
26 Nov 2024
- IPO
Price Range
₹ 140 - ₹ 148
- IPO
Size
₹ 650.43 Cr
- Listing Exchange
BSE NSE
- Listing Date
29 Nov 2024
IPO Timeline
Enviro Infra Engineers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Nov-24 | 2.04 | 2.99 | 1.72 | 2.09 |
| 25-Nov-24 | 2.58 | 34.62 | 8.77 | 12.54 |
| 26-Nov-24 | 157.05 | 153.75 | 24.34 | 89.82 |
Last Updated: 27 November 2024 4:16 PM by 5Paisa
Enviro Infra Engineers IPO is set to open on 22 November 2024 and will close on 26 November 2024. Enviro Infra Engineers specialises in designing, constructing, operating, and maintaining WWTPs and WSSPs for government agencies.
The IPO is a combination of fresh issue of 3.87 Cr shares aggregating to ₹572.46 Cr and offer for sale of 0.53 Cr aggregating to ₹77.97 Cr. The price band is set at ₹140 to ₹148 per share and the lot size is 101 shares.
The allotment is scheduled to be finalised on 27 November 2024. It will go public on BSE NSE, with a tentative listing date of 29 November 2024.
Hem Securities Limited is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.
Enviro Infra IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹650.43 Cr. |
| Offer For Sale | ₹77.97 Cr. |
| Fresh Issue | ₹572.46 Cr. |
Enviro Infra IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 101 | ₹14,948 |
| Retail (Max) | 13 | 1313 | ₹194,324 |
| S-HNI (Min) | 14 | 1,414 | ₹209,272 |
| S-HNI (Max) | 66 | 6,666 | ₹986,568 |
| B-HNI (Min) | 67 | 6,767 | ₹1,001,516 |
Enviro Infra IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 157.05 | 87,69,600 | 1,37,72,55,089 | 20,383.38 |
| NII (HNI) | 153.75 | 65,77,200 | 1,01,12,67,348 | 14,966.76 |
| Retail | 24.34 | 1,53,46,800 | 37,35,09,413 | 5,527.94 |
| Employees | 37.64 | 1,00,000 | 37,64,068 | 55.71 |
| Total | 89.82 | 3,07,93,600 | 2,76,57,95,918 | 40,933.78 |
Enviro Infra IPO Anchor Allocation
| Anchor Bid Date | 21 November, 2024 |
| Shares Offered | 13,154,400 |
| Anchor portion Size (In ₹ Cr.) | 194.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | 27 December. 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 25 February, 2025 |
1. To meet the Working Capital Requirements;
2. Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura) to build 60 3. MLD STP under the project titled ‘Mathura Sewerage Scheme.”
4. Repayment/prepayment in full or in part, of certain of our outstanding borrowings; and
5. Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Enviro Infra Engineers Limited specialises in designing, constructing, operating, and maintaining Water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies. Its WWTP portfolio includes Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs), while its WSSP expertise extends to Water Treatment Plants (WTPs), pumping stations, and pipeline networks. By June 2024, the company completed 28 projects, including 22 with a capacity of 10 MLD or more, showcasing its robust capabilities in executing EPC and HAM projects.
Enviro Infra's competitive strengths lie in its in-house engineering team of 180 experts, complemented by external consultants. Known for using advanced technologies and delivering projects on time, the company has a diversified order book and increasing eligibility for high-value tenders. Its experienced leadership and consistent financial performance further reinforce its standing in the infrastructure sector.
Peers
Ion Exchange (India) Ltd.
Va Tech Wabag Ltd.
Vishnu Prakash R Punglia Ltd.
EMS Ltd.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 738 | 341.66 | 225.62 |
| EBITDA | 16.93 | 81.69 | 50.02 |
| PAT | 110.54 | 54.98 | 34.55 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 761.19 | 347.58 | 148.27 |
| Share Capital | 136.85 | 25.62 | 2.44 |
| Total Borrowings | 233.59 | 64.54 | 18.11 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -69.00 | 101.09 | 41.60 |
| Net Cash Generated From / (used in) investing activities | -139.34 | -141.00 | -26.05 |
| Net Cash Generated From / (used in) financing activities | 206.84 | 42.05 | -15.69 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -1.51 | 2.14 | -0.14 |
Strengths
1. In-house team of 180 engineers ensures efficient project execution and on-time delivery.
2. Proven track record of completing 28 projects, including 22 with 10+ MLD capacity.
3. Diversified order book spans multiple regions, reducing dependency on a single market.
4. Expertise in advanced technologies enhances efficiency in WWTP and WSSP construction and operations.
5. Experienced leadership and consistent financial performance drive credibility and competitive advantage.
Risks
1. High dependency on government contracts exposes the company to regulatory and payment delays.
2. Limited geographical presence outside India restricts opportunities for international market expansion.
3. Competitive tender-based projects result in pricing pressure, impacting overall profit margins.
4. Heavy reliance on external consultants for specialised expertise could increase operational costs.
5. Cash flow challenges from delayed payments on large-scale projects may hinder operational efficiency.
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FAQs
Enviro Infra Engineers IPO opens from 22 November to 26 November 2024.
The size of Enviro Infra Engineers IPO is ₹650.43 Cr.
The price of Enviro Infra Engineers IPO is fixed at ₹140 to ₹148 per share.
To apply for Enviro Infra Engineers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Enviro Infra Engineers IPO.
● 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.
The minimum lot size of Enviro Infra Engineers IPO is 101 shares and the investment required is ₹14,948.
The share allotment date of Enviro Infra Engineers IPO is 27 November 2024
The Enviro Infra Engineers IPO will be listed on 29 November 2024.
Hem Securities Limited is the book running lead manager of the Enviro Infra Engineers IPO.
Enviro Infra Engineers plans to utilise the raised capital from the IPO for:
1. To meet the Working Capital Requirements;
2. Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura) to build 60 MLD STP under the project titled ‘Mathura Sewerage Scheme.”
3. Repayment/prepayment in full or in part, of certain of our outstanding borrowings; and
4. Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Contact Information
Enviro Infra Engineers
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/
Enviro Infra Engineers IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Enviro Infra Engineers IPO Lead Manager
Hem Securities Limited
