Enviro Infra Engineers Limited IPO

Mainboard

Water Supply & Management

Listed On: Nov 29, 2024 at ₹ 220.0(NSE)

₹ 14948 /101 Shares

Check Allotment

Price Summary

Last Closing

250.30 (69.12%)

52 Week High

275.70

52 Week Low

205.05

Last Update

6-Dec-2024 3:30 PM

Enviro Infra Engineers IPO Details

22 Nov, 2024

Open Date

26 Nov, 2024

Close Date

27 Nov, 2024

Allotment Date

29 Nov, 2024

Listing Date

Issue Price

₹140-148 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

220.0(NSE)

Listing Date

2024-11-29

Market Lot

Retail : 101 Shares (₹14,948/-)
S-HNI : 1,414 Shares (₹2,09,272/-)
B-HNI : 6,767 Shares (₹10,01,516/-)

Lead Manager

Hem Securities Limited

Issue Size

Total ₹650.43 Cr :
#Fresh Issue : 38,680,000 shares(aggregating up to ₹572.46 Cr) +
#OFS : 5,268,000 shares of ₹10(aggregating up to ₹77.97 Cr)

Retail Portion

35% (Number of Retail Applications: 1,51,979 Approx),
(Number of S-HNI Applications : 1,551 Approx),
(Number of B-HNI Applications : 3,102 Approx)

Subscription

89.86 times

IPO Docs

DRHP RHP ANCHOR

Enviro Infra Engineers IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	8,769,600	6,577,200 4,384,800 2,192,400	15,346,800	30,793,617
Day 1 - 22-11-24 05:00 PM	2.04 x	2.98 2.75 x 3.45 x	1.70 x	2.08 x
Day 2 - 25-11-24 05:00 PM	2.58 x	34.60 37.05 x 29.70 x	8.73 x	12.52 x
Day 3 - 26-11-24 05:00 PM	157.05 x	153.78 177.97 x 105.41 x	24.41 x	89.86 x

Total No. of Applications: 33,34,560 (Approx)

Retail Subscription on the basis of Applications: Retail:20.01x BHNI:35.98x SHNI:100.86x times

Enviro Infra Engineers Valuations

EPS Pre IPO

8.08

EPS Post IPO

7.01

P/E Pre IPO

18.32

P/E Post IPO

21.1

RoNW

37.83%

Enviro Infra Engineers Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	761.19	347.58	148.27
Revenue	738	341.66	225.62
Profit After Tax	110.54	54.98	34.55

About The Company

Enviro Infra Engineers is a cutting-edge EPC company delivering end-to-end solutions in the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government bodies all over India. It specializes in a wide range of services with the production of advanced WWTPs that include STPs, sewerage schemes, and CETPs. In turn, its WSSPs include water treatment plants, pumping stations, and pipelines. Most of its projects are ZLD-compliant, wherein the treated water can be reused for horticulture, industrial purposes, washing, and refrigeration.

Enviro Infra Engineers is devoted and enthusiastic about helping India achieve sustainable water management goals - current projects either receive partial funding from the Central Government through initiatives such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) or fully funded under the NMCG. In the rural areas, funding for water supply projects comes under Jal Jeevan Mission (JJM) with co-financing support from the states and ULBs.

The company has successfully developed 26 WWTPs and WSSPs, of which 20 have been large projects sized above 10 MLD. Until 31 December 2023, the order book stood at 21 ongoing projects worth ₹ 2,341.14 crores, underlining the footprint in the Indian water and wastewater treatment sector by Enviro Infra Engineers.

Enviro Infra Engineers - Strength and Weakness

Strength

The company is increasing its presence in existing geographies such as Gujarat, Rajasthan, Punjab, Karnataka, Haryana, Uttar Pradesh, Madhya Pradesh and Chhattisgarh by undertaking new projects.

Enviro Infra Engineers has a diversified order book of 21 projects across India with an aggregate value of ₹ 1,906.28 crore, as of June 30, 2024.

The company claims in its RHP that it has in-house execution capabilities with timely delivery and established track record enabling consistent increase in eligibility for high value project tenders The company uses advanced technologies for constructing and installing WWTPs and WSSPs.

Weakness

The company mentioned in its RHP that it relies on third parties engaged in the civil construction activities for installing its Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs). Factors upsetting the performance of their obligations could adversely affect the company’s projects.

Enviro Infra Engineers has experienced negative cash flows in the past and may continue to do so in the future.

Any increase in the prices of construction materials and labour can have an adverse effect on the company’s business.

The company’s business is exposed to implementation risks and other uncertainties which may adversely affect its business, results of operations and financial condition.

Enviro Infra Engineers - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Enviro Infra	23.9	23.6	37.8%	738
EMS Limited	4.74	24.4	22.9%	885
Ion Exchange	8.51	43.4	21.1%	2,548
Va Tech Wabag	5.36	40.5	13.8%	2,965
Vishnu Prakash R	4.51	27.8	23.6%	1,491

Enviro Infra Engineers - Promoter(s)

Pre Issue Share Holding: 93.66%

Post Issue Share Holding: N/A%

Company Promoter(s)

Sanjay Jain
Manish Jain
Ritu Jain
Shachi Jain

Enviro Infra Engineers IPO - Issue 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
Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Enviro Infra Engineers IPO - Anchor Investors

Enviro Infra Engineers mobilises Rs 195 crore via anchor book.

Quant Mutual Fund is the biggest anchor investor, investing Rs 25 crore for 16.98 lakh shares, followed by Motilal Oswal MF which bought 13.51 lakh shares worth Rs 20 crore.

Abakkus Diversified Alpha Fund, LIC Mutual Fund, Singularity Equity Fund, Finavenue Capital Trust, Nuvama, NAV Capital VCC, Smart Horizon Opportunity Fund, and Vijit Growth Fund invested in achor book.

Other Details

Company Contact Details

Enviro Infra Engineers

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/

Registrar Contact Details

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 - FAQs

Ans. Enviro Infra Engineers Limited IPO is a Mainboard IPO. The issue is priced at ₹140-148 per equity share. The minimum order quantity is 101 Shares. The IPO opens on Nov 22, 2024, and closes on Nov 26, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Enviro Infra Engineers Limited IPO opens on Nov 22, 2024 and closes on Nov 26, 2024.

Ans. The size of Enviro Infra Engineers Limited IPO is Total ₹650.43 Cr : #Fresh Issue : 38,680,000 shares(aggregating up to ₹572.46 Cr) + #OFS : 5,268,000 shares of ₹10(aggregating up to ₹77.97 Cr).

Ans. The IPO price band is set between ₹140-148 per equity share.

Ans. To apply for Enviro Infra Engineers Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Enviro Infra Engineers Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Enviro Infra Engineers Limited IPO is Nov 27, 2024.

Ans. The Enviro Infra Engineers Limited IPO will be listed on Nov 29, 2024.

Ans. Follow the steps to check the allotment status for Enviro Infra Engineers Limited IPO here.