Enviro Infra Engineers Ltd. was incorporated on June 19, 2009. The company is in the business of designing, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies.
| Bidding Dates |
|---|
| 22 Nov 2024 - 26 Nov 2024 |
| Subscription |
|---|
| 89.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,140 | 1 | 13 | 101 | 43.9 M | ₹140 - ₹148 | 70.02 % | ₹6152.7 M - ₹6504.3 M | RHP DOC |
Enviro Infra Engineers Ltd. IPO SUBSCRIPTION STATUS
26 Nov '24Enviro Infra Engineers Ltd. IPO overall subscription rate was 89.9 times the total available shares
Enviro Infra Engineers Ltd. IPO retail subscription rate was 24.48 times in the retail segment
Enviro Infra Engineers Ltd. IPO non-institutional investor subscription rate was 153.8 times in the non-institutional investor category
Enviro Infra Engineers Ltd. IPO Qualified Institutional Bidder subscription rate was 157.05 times the available shares for Qualified Institutional Bidder
Enviro Infra Engineers Ltd. IPO Employees subscription rate was 37.77 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
26 Nov 2024 (Day 3) | 24.48x | 153.8x | 157.05x | 37.77x |
25 Nov 2024 (Day 2) | 8.73x | 34.6x | 2.58x | 13.68x |
22 Nov 2024 (Day 1) | 1.7x | 2.98x | 2.04x | 3.17x |
Enviro Infra Engineers Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 299.7 | 2,051.8 | -1,034.1 | -1,085.3 | 25.0% |
| FY24 | 1,085.7 | 7,289.2 | -690.0 | -1,021.6 | 23.2% |
| FY23 | 553.4 | 3,381.0 | 1,010.9 | 903.3 | 24.2% |
| FY22 | 345.5 | 2,235.3 | 416.0 | 375.8 | 22.4% |
Enviro Infra Engineers Ltd. IPO SUBSCRIPTION STATUS DETAILS
Enviro Infra Engineers Ltd. had 43.9 M shares on offer
Enviro Infra Engineers Ltd. IPO offer price was in the range ₹140 - ₹148
Enviro Infra Engineers Ltd. IPO minimum Investment was ₹14140
Enviro Infra Engineers Ltd. IPO issue size was ₹ 6152.7 M - ₹ 6504.3 M
Enviro Infra Engineers Ltd. had a minimum lot size of 101 Shares per application
Enviro Infra Engineers Ltd. NUMBER OF SHARES ON OFFER
Enviro Infra Engineers Ltd. IPO IMPORTANT DATES
| Issue Open Date | 22 Nov 2024 |
| Issue close Date | 26 Nov 2024 |
| Allotment Date | 27 Nov 2024 |
| Refund Date | 27 Nov 2024 |
| Demat Account Credit Date | 28 Nov 2024 |
| Listing Date | 29 Nov 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Enviro Infra Engineers Ltd. Allotment Status | Exchange |
Enviro Infra Engineers Ltd. IPO subscription opened on 22 Nov 2024, and closed on 26 Nov 2024
IPO allotment for Enviro Infra Engineers Ltd. was finalized on Wednesday, 27 Nov 2024
IPO listing for Enviro Infra Engineers Ltd. was on NSE and BSE on Friday, 29 Nov 2024
Enviro Infra Engineers Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 148.0 |
| Listing Open Price | 220.0 |
| Listing Close Price | 207.1 |
| Listing Gain% | 48.6% |
| Current Gain% | 44.0% |
Enviro Infra Engineers Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enviro Infra Engineers Ltd. | 213.2 | 3741.6 | 20.2 | 3.9 | 3.3 | 14.8 | 9 | 1188 | 9.4 | 182.9 | 3.8 | 10.6 | 5.2 |
| GAIL (India) Ltd. | 173.6 | 114163.5 | 11.6 | -0.8 | 0.8 | 8.5 | 5.4 | 143107.9 | 0 | 7582.5 | -39.1 | 15 | -15.1 |
| Adani Total Gas Ltd. | 657.6 | 72318 | 114.4 | -47.5 | 11.5 | 13.5 | 6.9 | 5932.3 | 17.9 | 655.7 | 0.2 | 5.7 | -2.4 |
| Gujarat Energy Ltd. | 265.3 | 24891.3 | 24.3 | -2.3 | 1.5 | 9.1 | 6.1 | 24161.9 | 44.7 | 1677.6 | 46.1 | 10.9 | -10.6 |
| Indraprastha Gas Ltd. | 151.9 | 21271.6 | 13.7 | -1.4 | 1.3 | 13.5 | 9.1 | 16541.2 | 8.4 | 1549.6 | -9.8 | 11.1 | -9.8 |
| Va Tech Wabag Ltd. | 1957.7 | 12219.5 | 33 | 1.3 | 3.1 | 14.4 | 6 | 4038.5 | 21 | 370.5 | 25.5 | 59.4 | 25.5 |
Enviro Infra Engineers Ltd. INFORMATION ON IPO ISSUE
About Enviro Infra Engineers Ltd.
Enviro Infra Engineers Ltd. was incorporated on June 19, 2009. The company is in the business of designing, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies.
Object of the Issue
- To meet the Working Capital Requirements.
- Infusion of funds in its subsidiary, EIEL Mathura Infra Engineers (“EIEL Mathura”) to build 60 MLD STP under the project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh including Operation & maintenance for 15 years through Hybrid Annuity Based PPP Mode.
- Repayment/prepayment in full or in part, of certain outstanding borrowings.
- Funding for future projects and general corporate purposes.
Enviro Infra Engineers Ltd. - PROMOTERS
| Name |
|---|
| Sanjay Jain |
| Manish Jain |
| Ritu Jain |
| Shachi Jain |
Enviro Infra Engineers Ltd. Book running lead manager
Hem Securities Limited
ib@hemsecurities.com
Enviro Infra Engineers Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Enviro Infra Engineers Ltd. Strengths
In house designing
The company focuses on design capabilities for complex and critical projects, including process and hydraulic calculations, design codes and standards, drainage design, STP facilities layout, various process diagrams, and electrical load lists. This expertise enables it to bid accurately on projects and provide timely, cost-effective quality services
Increasing presence in existing geographies
In the past seven years, the company has expanded its presence in states where it was initially awarded projects, such as Gujarat, Rajasthan, Punjab, Haryana, Uttar Pradesh, Uttarakhand, and Chhattisgarh. It focused on bidding for projects in these states and successfully secured a number of projects following the initial awards
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 Rs 2,34,113.9 lakh
Enviro Infra Engineers Ltd. Risks
Competitive bidding process
The company's projects are awarded through the competitive bidding process by government authorities/bodies. It may not be able to qualify for, compete, and win future projects, which could adversely affect the business and results of operations
business is working capital intensive
The company's business is working capital intensive. If it experiences insufficient cash flows to meet required payments on working capital requirements, there may be an adverse effect on the results of operations
Rely on various third parties
The company relies on various third parties in the civil construction activities for installing water and wastewater treatment plants (WWTPs) & water supply scheme projects (WSSPs) and factors affecting the performance of their obligations could adversely affect the projects
IPO FAQs
This IPO consists of an offer for sale of up to Rs 78.0 crore, of 5,268,000 shares. It also consists of a fresh issue of Rs 572.5 crore.
The promoters of the company are Sanjay Jain, Manish Jain, Ritu Jain and Shachi Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 140.0 - 148.0.
The IPO application opens on Nov 22, 2024 and closes on Nov 26, 2024.
The minimum lot size for the IPO is 101. The maximum lot size for the IPO is 1313.
For all category investors, the minimum application amount for this IPO is Rs. 14,140.0, the maximum value for this IPO is Rs 194,324.0.
This IPO will be allotted on Nov 27, 2024.
The refund will be credited to your account on Nov 27, 2024.
The allotted shares will be credited to your demat on Nov 28, 2024.
Enviro Infra Engineers Ltd.’s shares listed on the stock exchanges on Nov 29, 2024.