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₹ 14948 / 101 shares

IPO Details

RHP/DRHP

Issue Date

22 Nov - 26 Nov'24

Investment/lot

₹ 14948

Price Range

140 - 148

Lot Size

101

IPO Size

₹ 650.43 Cr

IPO Listing Details

Listing On

29 Nov'24

Issue Price

148

Listed Price

₹ 220

Retail Gain/Listing Gain

48.65%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Enviro Infra Engineers IPO is an IPO of ₹650.43 crores. It consists of a fresh issue of 386,8000 equity shares. The IPO will open on Nov 22,2024 and close on Nov 26,2024. Anchor bidding will take place on Nov 21, 2024 and shares will be credited on Nov 27, 2024. The initiation of refunds will take place on Nov 27, 2024.

Particulars Value
Upper Price Band
₹148
Existing Shares To be sold
5300000 shares
Fresh Issue
3,86,80,000 shares
Market Cap
₹2597.84 crores
EPS
8.13
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

Potential Benefits for investors:

Key highlights such as features, objectives of the IPO, subscription details, and potential benefits for investors.

Metric Fiscal Year 2024 Fiscal Year 2023 Fiscal Year 2022
Revenue from Operations
72,891.50
33,810.20
22,352.51
Total Equity and liabilities
76,119.18
34,758.49
14,826.67
Return on Average Net Worth
37.83%
43.46%
48.24%
Name of the company Total Income Face Value per equity share P/E Ratio EPS Basic RoNW NAV per equity share
Enviro Infra Engineers
₹738
10
*
8.13
37.83%
21.48%
EMS Limited
809.07
10
25.92
29.38
19.09%
143.73%
ION Exchange Limited
2391.73
1.00
38.68
16.53
19.23%
69.40
Va Tech Wabag Limited
2899.80
2.00
43.90
39.49
13.50%
292.43
Vishnu Prakash R Punglia Limited
1482.65
10.00
25.31
10.95
16.95%
57.85%

Enviro Infra Engineers desings, constructs, operates and maintains Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETPs) while WSSPs include Water treatment Plants (WTPs) along with pumping stations and laying of pipelines for supply of water (collectively, “Projects”).

The treatment process installed at most of the STPs and CETPs is Zero Liquid Discharge (ZLD) compliant and the treated water can be used for horticulture, washing, refrigeration and other process industries.

The anchor investors’ bid opens on Nov 21, 2024. The company may allocate up to 60% of the QIB portion to anchor investors, out of which one third will be allocated to Mutual Funds.

Book running lead managers:
The Book running lead manager is Hem Securities Limited.

Objectives of the IPO:

  • Meet working capital requirements
  • Infuse funds in their Subsidiary, EIEL Mathura Infra Engineers Private Limited (“EIEL Mathura”) to build 60 MLD STP under project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh including Operation & maintenance for 15 years through Hybrid Annuity Based PPP Mode.
  • Repay/prepay in full or in part, of certain of our outstanding borrowings;
  • Fund future projects and general corporate purposes

Enviro Infra Engineers’ revenue rose by 116%, while the profit after tax (PAT) had a 101% rise for the financial year ending March 31, 2024 compared to March 31, 2023. By investing in Enviro Infra Engineer’s IPO, investors get to be a part of a company that is growing exponentially.

Enviro Infra Engineers’ is a part of an industry that is emerging as an important aspect of environment preservation. From the New Urban Agenda to the Paris Agreement on climate change, and from the Sendai Framework for Disaster Risk Reduction to the Kunming-Montreal Global Biodiversity Framework, water management has become a critical element with multifaceted benefits. Hence, by investing in Enviro Infra Engineers IPO, the investor gets to a part of an industry that is being given increasing importance.

Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.

Particulars (in Rs. million)

Particulars (in Rs. million)

Presentation of key financial metrics and indicators to assess Enviro Infra Engineers's financial health.

Particulars (in ₹ Million) As of 31st March,2024 As of 31st March, 2023 As of 31st March, 2022
Total Income
73,800.46
34,166.24
22,562.35
Profit/(Loss) before tax
14,981.04
7,458.88
4,606.95
Net profit/(loss)
10,856.95
5,533.89
3,454.86
EPS%
8.13
4.29
2.70
EBITDA
16,932.25
8,168.74
5,002.26
Name of the Promoters Designation in the company
Sanjay Jain
Chairman and Whole-time Director
Manish Jain
Managing Director
Ritu Jain
Non-Executive Director
Anil Goyal
Independent Director
Nutan Guha Biswas
Independent Director
Aseem Jain
Independent Director

In house designing, engineering and execution team

The company has been focusing on design capabilities for complex and critical projects such as process description, process calculations, hydraulic calculations, design codes and standards, master drawing schedule among others. This capability enables them to correctly bid with project Specifications and provide quality services in a timely and cost effective manner. Their engineering expertise and technology driven processes has enabled them to deliver on the projects in accordance with the designs and specifications of the particular project whether it’s a WWTP or WSSP.

Increasing presence in existing geographies with new projects

In the past seven years, the company has increased their presence in the states where they were initially awarded projects like Gujarat, Rajasthan, Punjab, Haryana, Uttar Pradesh, Uttarakhand and Chhattisgarh. They focused on bidding projects in these states and were successful in being awarded number of projects after the initial award. They increased their ability and capability across these states in execution of projects awarded by various authorities and have developed deep relations with authorities across these states.

Diversified Order Book of projects across India

The company has developed expertise and capability in executing diverse projects like WWTPs including CETPs, STPs& SS and WSSPs, both on EPC and HAM basis, aggregating into an order book of 21 WWTPs and WSSPs for an aggregate value of ₹2,34,113.86 lakhs. The company’s experience in designing, engineering, construction, operations and maintenance of projects, technical capabilities, timely performance, reputation for quality and timely delivery, financial strength as well as the price competitiveness has enabled them to successfully bid and win projects.

  • The company bids for water and wastewater Treatment Plants (WWTPs) & Water Supply Scheme Projects (WSSPs)funded by the Central and State Governments and derive their revenues from the contracts awarded to them. 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. The company’s business is directly and significantly dependent on projects awarded by them.

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

  • Increase in the prices of construction materials and labour & works contract charges could hurt the business.

  • Increase the size of projects and our pre-qualification.
  • Expand geographical footprint.
  • Plan to further bid for HAM projects.
WATCH AND LEARN
All you need to know about Enviro Infra Engineers IPO
Enviro Infra Engineers has announced its IPO! The company was established in 2009. They construct and maintain water and waste-water treatment plants and water supply projects for government agencies/entities.

Here are the steps to apply for Enviro Infra Engineers Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Enviro Infra Engineers IPO FAQs

Enviro Infra Engineers IPO will list on 2024-11-29.

650.43 is the issue size of Enviro Infra Engineers IPO.

The minimum lot size is 101 shares and the investment required is ₹14948.

The price band of Enviro Infra Engineers IPO is ₹140 to ₹148.

You can read more about Enviro Infra Engineers and its IPO from the company’s red herring prospectus (RHP) here.

The Enviro Infra Engineers Limited IPO has an issue size of ₹650.43 crores. The IPO opens for subscription on 22/11/2024 and closes on 26/11/2024.

Big Share Limited is the registrar for this IPO.

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