Enviro Infra Engineers Limited IPO Overview
The Enviro Infra Engineers IPO is a book-built issue with a total size of ₹650.43 crores. The issue consists of a fresh issue of 3.87 crore shares, aggregating to ₹572.46 crores, along with an offer for sale of 0.53 crore shares, amounting to ₹77.97 crores.
The Enviro Infra Engineers IPO will open for subscription on November 22, 2024, and close on November 26, 2024. The allotment is expected to be finalized on Wednesday, November 27, 2024, and the listing on BSE and NSE is tentatively scheduled for Friday, November 29, 2024.
The price band for the IPO has been set between ₹140 and ₹148 per share. The minimum lot size for retail investors is 101 shares, with a minimum investment amount of ₹14,948. For Small and Non-Institutional Investors (sNII), the minimum investment is 14 lots (1,414 shares), totaling ₹209,272, while for Big Institutional Investors (bNII), it is 67 lots (6,767 shares), amounting to ₹1,001,516.
Additionally, the issue includes a reservation of up to 100,000 shares for employees, who are offered a discount of ₹13 per share on the issue price.
Hem Securities Limited is the book-running lead manager for the Enviro Infra Engineers IPO, and Bigshare Services Pvt Ltd is the registrar for the issue.
For further details, please refer to the Enviro Infra Engineers IPO RHP.
Enviro Infra Engineers IPO Information
| Details | Information |
|---|---|
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹148 per share |
| Lot Size | 101 Shares |
| Total Issue Size | 43,948,000 shares (aggregating up to ₹650.43 Cr) |
| Fresh Issue | 38,680,000 shares (aggregating up to ₹572.46 Cr) |
| Offer for Sale | 5,268,000 shares of ₹10 (aggregating up to ₹77.97 Cr) |
| Employee Discount | ₹13 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre Issue | 136,850,000 |
| Shareholding Post Issue | 175,530,000 |
Enviro Infra Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Enviro Infra Engineers IPO Schedule (Tentative Dates)
The Enviro Infra Engineers IPO will be open for subscription from November 22, 2024 to November 26, 2024.
| IPO Open Date | Friday, November 22, 2024 |
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Wednesday, November 27, 2024 |
| Initiation of Refunds | Wednesday, November 27, 2024 |
| Credit of Shares to Demat | Thursday, November 28, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
Enviro Infra Engineers IPO Lot Size
Investors are required to bid for a minimum of 101 shares, with further bids to be made in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNI (High Net-Worth Individuals), based on the number of shares and corresponding investment amounts.
| 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 Engineers IPO Promoter Holding
The promoters of the company are Sanjay Jain, Manish Jain, Ritu Jain, and Shachi Jain.
| Share Holding Pre-Issue | 93.66% |
| Share Holding Post-Issue |
About Enviro Infra Engineers Limited
Founded in 2009, Enviro Infra Engineers Limited specializes in the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Schemes (WSSPs) for government agencies and entities. The WWTPs include:
- Sewage Treatment Plants (STPs)
- Sewerage Schemes (SS)
- Common Effluent Treatment Plants (CETPs)
While the WSSPs involve the development of:
- Water Treatment Plants (WTPs)
- Pumping stations and pipeline laying for water supply
The company actively participates in tenders floated by state governments and Urban Local Bodies (ULBs) for the development of WWTPs and WSSPs on an Engineering, Procurement, and Construction (EPC) or Hybrid Annuity Model (HAM) basis. As of June 30, 2024, Enviro Infra Engineers has successfully completed 28 WWTP and WSSP projects across India in the last seven years, including 22 projects with a capacity of 10 MLD (Million Liters per Day) or more.
Competitive Strengths
- Strong in-house team for design, engineering, and execution.
- Expanding presence in existing markets with new project acquisitions.
- A diversified order book with projects spanning various regions in India.
- Proven in-house execution capabilities, delivering projects on time and continuously improving eligibility for high-value tenders.
- Adoption of advanced technologies in the construction and installation of WWTPs and WSSPs.
- Experienced promoters and senior management team.
- Consistent financial performance and growth.
The company has an experienced team of 180 engineers, supported by external consultants and industry experts, responsible for the design, engineering, and construction of its projects.
Enviro Infra Engineers Limited Financial Overview (Restated)
Enviro Infra Engineers Limited experienced a 116% growth in revenue and a 101% increase in profit after tax (PAT) from the financial year ending March 31, 2023, to the financial year ending March 31, 2024.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 812.87 | 761.19 | 347.58 | 148.27 |
| Revenue | 207.46 | 738 | 341.66 | 225.62 |
| Profit After Tax | 30.78 | 110.54 | 54.98 | 34.55 |
| Net Worth | 323 | 292.18 | 126.51 | 71.62 |
| Reserves and Surplus | 186.29 | 155.51 | 101.11 | 69.31 |
| Total Borrowing | 305.59 | 233.59 | 64.54 | 18.11 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
As of September 30, 2024, the market capitalization of Enviro Infra Engineers IPO stands at ₹2597.84 crore.
| KPI | Values |
|---|---|
| ROE | 10.07% |
| ROCE | 8.24% |
| Debt/Equity | 0.95 |
| RoNW | 9.53% |
| P/BV | 6.27 |
| PAT Margin (%) | 15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.08 | 7.01 |
| P/E (x) | 18.32 | 21.10 |
Note:
- The Pre-IPO EPS is calculated based on the pre-issue shareholding as of the date of the RHP and the latest FY earnings as of March 31, 2024, as available in the RHP.
- The Post-IPO EPS is calculated based on the post-issue shareholding and annualized FY earnings as of June 30, 2024, as available in the RHP.
Objects of the Issue (Enviro Infra Engineers IPO Objectives)
The Company intends to use the proceeds from the Fresh Issue for the following purposes:
- To fulfill the working capital requirements.
- To infuse capital into our subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura), for the construction of a 60 MLD Sewage Treatment Plant (STP) under the 'Mathura Sewerage Scheme' project in Mathura, Uttar Pradesh, through a Hybrid Annuity Based Public-Private Partnership (PPP) model.
- To repay or prepay certain outstanding borrowings, either in part or in full.
- To support inorganic growth through potential acquisitions and for general corporate purposes.
Enviro Infra Engineers IPO Prospectus
Enviro Infra Engineers Contact Details
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 Registrar
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(s)
- Hem Securities Limited
Enviro Infra Engineers IPO Subscription Information
Subscription data will be available once the IPO is open for subscription.
Enviro Infra Engineers IPO GMP (Grey Market Premium)
The latest Grey Market Premium (GMP) for the Enviro Infra Engineers IPO is ₹20, as of Nov 18th, 2024, 01:54 PM. With a price band of ₹148.00, the estimated listing price for the Enviro Infra Engineers IPO is ₹168 (cap price + today's GMP). This implies an expected gain of 13.51% per share.
- Enviro Infra Engineers IPO Retail Subject to Sauda: ₹1,500
- Enviro Infra Engineers IPO Small HNI Subject to Sauda: ₹21,000
The GMP for Enviro Infra Engineers IPO has been active for two sessions now. However, it's still early to predict the trend of the GMP. We are continuously updating the latest information daily. Stay with us for more updates on the GMP and the expected listing price.
Note: The GMP figures presented here are only related to grey market activities. We do not trade, deal in, or endorse trading in the grey market or subject-to-rates (sub2). Please exercise caution.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 18-11-2024 | ₹148.00 | ₹20 | 1500/21000 | ₹168 (13.51%) | 18-Nov-2024 16:35 |
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