Enviro Infra Engineers IPO (Enviro Infra Engineers Limited IPO)
Enviro Infra Engineers IPO open for bidding on 22nd November 2024 and ends on 26th November 2024.
Enviro Infra Engineers Limited was incorporated in 2009 and has evolved as a leading provider of water and wastewater treatment solutions. The company caters to both municipal and industrial clients, ensuring compliance with environmental norms and offering customized solutions tailored to specific client needs. Its services include the design, construction, and operation of treatment facilities, showcasing expertise in handling complex and large-scale projects.
The company has built a strong foundation by leveraging advanced technologies and maintaining a focus on sustainability and innovation. With a commitment to quality and efficiency, Enviro Infra Engineers Limited has successfully completed numerous projects across India. Its capabilities extend to turnkey projects, ensuring seamless execution from conceptualization to commissioning.
Under the leadership of its promoters, including Sanjay Jain and Manish Jain, the company emphasizes robust corporate governance and strategic growth. The organization continues to expand its footprint in the fast-growing environmental engineering sector, which is critical for India’s infrastructure and ecological preservation.
For more details refer to Enviro Infra Engineers IPO RHP and Enviro Infra Engineers IPO Pulse Score
Enviro Infra Engineers IPO Details
| IPO Date | 22nd November 2024 to 26th November 2024 |
| Listing Date | 29th November 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹148 per share |
| Lot Size | 101 Shares |
| Total Issue Size | 4,39,48,000 shares (aggregating up to ₹650.43 Cr) |
| Fresh Issue | 3,86,80,000 shares (aggregating up to ₹572.46 Cr) |
| Offer for Sale | 52,68,000 shares of ₹10 (aggregating up to ₹77.97 Cr) |
| Employee Discount | ₹13 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 1,31,54,400(29.9%) |
| QIB | 87,69,600(19.9%) |
| NII | 65,77,200(15%) |
| bNII | 43,84,800(10%) |
| sNII | 21,92,400(5%) |
| Retail | 1,53,46,800(34.9%) |
| Employees | 1,00,000(0.2%) |
| Total | 4,39,48,000(100%) |
Enviro Infra Engineers IPO Timeline
| IPO Open | 22nd November 2024 |
| IPO Close | 26th November 2024 |
| Basis Of Allotment | 27th November 2024 |
| Initiation of Refunds | 28th November 2024 |
| Credit of Shares to Demat | 28th November 2024 |
| Listing Date | 29th November 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹2,597.84 Cr | P/E Ratio- Pre IPO | 18.32 |
| RoNW* | 9.53% | P/E Ratio- Post IPO | 21.1 |
| RoCE* | 8.24% | P/B Ratio | 6.89 |
| Debt to Equity | 0.95 | PAT Margin | 15.00% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three-month period ended June 30, 2024
Enviro Infra Engineers IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- To meet the Working Capital Requirements;
- Infusion of funds in the 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 through Hybrid Annuity Based PPP Mode.
- Repayment/prepayment in full or in part, of certain of the outstanding borrowings;
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
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