Enviro Infra Engineers IPO

NiftyTrader • November 18, 2024

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Enviro Infra Engineers IPO opens for subscription on November 22, 2024 and closes on November 26, 2024. The allotment for the Enviro Infra Engineers IPO is expected to be finalized on Wednesday, November 27, 2024. Enviro Infra Engineers IPO will list on BSE, NSE with tentative listing date fixed as Friday, November 29, 2024.

Enviro Infra Engineers IPO price band is set at ₹140 to ₹148 per share. The minimum lot size for an application is 101 Shares. The minimum amount of investment required by retail investors is ₹14,948. The minimum lot size investment for sNII is 14 lots (1,414 shares), amounting to ₹209,272, and for bNII, it is 67 lots (6,767 shares), amounting to ₹1,001,516.

Enviro Infra Engineers IPO is a book built issue of Rs 650.43 crores. The issue is a combination of fresh issue of 3.87 crore shares aggregating to Rs 572.46 crores and offer for sale of 0.53 crore shares aggregating to Rs 77.97 crores.

Enviro Infra Engineers IPO Details

IPO Date	November 22, 2024 to November 26, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	136,850,000
Shareholding post-issue	175,530,000
Employee Discount	Rs 13 per share

Enviro Infra Engineers IPO Lot Size

Investors can bid for a minimum of 101 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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 Objectives

The Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following objectives:

To meet the Working Capital Requirements;
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” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode;
Repayment/prepayment in full or in part, of certain of our outstanding borrowings; and
Funding inorganic growth through unidentified acquisitions and general corporate purposes.

About Enviro Infra Engineers

Enviro Infra Engineers was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. 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 the laying of pipelines for water supply.

The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till June 30, 2024, the Company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.

Competitive strengths:

In-house design, engineering, and execution team.
Growing presence in existing regions with new projects.
Diversified order book of projects across India.
In-house execution capabilities with on-time delivery and an established track record of consistently increasing eligibility for high-value project tenders.
Use of advanced technologies in the construction and installation of WWTPs or WSSPs.
Experienced promoters and senior management team.
Consistent financial performance

The company has an in-house team for designing, engineering, and construction. The company has a team of 180 engineers supported by external consultants and industry experts.

Enviro Infra Engineers Financial Information

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

Enviro Infra Engineers IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
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 Timeline (Tentative Schedule)

Enviro Infra Engineers IPO opens on November 22, 2024, and closes on 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	Thursday, November 28, 2024
A 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