₹ 14948 / 101 shares
IPO Details
RHP/DRHPIssue 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%
IPO Timeline
About Enviro Infra Engineers IPO
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.
Enviro Infra Engineers IPO Valuation
| 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 |
Enviro Infra Engineers 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 |
Subscription Details:
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% |
Comparison with peers:
| 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% |
About company:
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.
Anchor investors:
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.
Enviro Infra Engineers IPO Key Points
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
Potential Benefits for Investors:
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.
All Financial Information about Enviro Infra Engineers
Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.
Particulars (in Rs. million)
Particulars (in Rs. million)
Key Financials
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 |
Promoters of Enviro Infra Engineers
| 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 |
Enviro Infra Engineers IPO Strengths
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.
Enviro Infra Engineers IPO Risk Factors
-
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.
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Increase in the prices of construction materials and labour & works contract charges could hurt the business.
Key Strategies of Enviro Infra Engineers
- Increase the size of projects and our pre-qualification.
- Expand geographical footprint.
- Plan to further bid for HAM projects.
Enviro Infra Engineers IPO Review | IPO Issue details | Financials | Key Highlights
Kotak Securities
•03m 03s
How To Apply for Enviro Infra Engineers Ltd IPO?
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
When is Enviro Infra Engineers IPO listing date?
Enviro Infra Engineers IPO will list on 2024-11-29.
What is the issue size of Enviro Infra Engineers IPO?
650.43 is the issue size of Enviro Infra Engineers IPO.
What is the minimum lot size required for Enviro Infra Engineers IPO?
The minimum lot size is 101 shares and the investment required is ₹14948.
What is the price band of the Enviro Infra Engineers IPO?
The price band of Enviro Infra Engineers IPO is ₹140 to ₹148.
Where can I read more about Enviro Infra Engineers business?
You can read more about Enviro Infra Engineers and its IPO from the company’s red herring prospectus (RHP) here.
What is the Enviro Infra Engineers Limited Limited IPO?
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.
Who is the Registrar for Enviro Infra Engineers Limited Limited IPO?
Big Share Limited is the registrar for this IPO.
