IPO

Enviro Infra Engineers Limited IPO

Mainboard

Water Supply & Management

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

₹ 14948 /101 Shares

Check Allotment

22 Nov, 2024

Open Date

26 Nov, 2024

Close Date

27 Nov, 2024

Allotment Date

29 Nov, 2024

Listing Date
Price Summary

Last Closing

242.00 (63.51%)

52 Week High

391.60

52 Week Low

182.00

Last Update

23-Oct-2025 3:30 PM
Enviro Infra Engineers IPO Issue Details
  • Issue Price ₹140-148 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 4,39,48,000 shares(aggregating up to ₹650.43 crore)
  • Fresh Share 3,86,80,000 shares(aggregating up to ₹572.46 crore)
  • Offer For Sale 52,68,000 shares(aggregating up to ₹77.97 crore)
  • Listing at BSE, NSE
  • List Price 220.0(NSE)
  • Listing Date 2024-11-29
  • Lead Manager Hem Securities Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

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

ApplicationLotsSharesAmount
Retail (min)1101₹14,948
Retail(max)131313₹1,94,324
Enviro Infra Engineers IPO Reservation

Enviro Infra Engineers IPO offers total 43,948,000 shares. Out of which 8,769,600 (19.95%) allocated to QIB, 6,577,200 (14.97%) allocated to NII,15,346,800 (34.92%) allocated to RII, 100,000 (0.23%) allocated to employees and 13,154,400 (29.93%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered13,154,400 (29.93%)
QIB Shares Offered8,769,600 (19.95%)
NII (HNI) Shares Offered6,577,200 (14.97%)
bNII < ₹10L4,384,800 (9.98%)
sNII < ₹10L2,192,400 (4.99%)
Retail Shares Offered15,346,800 (34.92%)
Employee Shares Offered100,000 (0.23%)
Total Shares Offered43,948,000 (100%)
Enviro Infra Engineers IPO Documents
Enviro Infra Engineers IPO Details


Enviro Infra Engineers IPO is a book-built issue of ₹650.43 crores, The total issue size is ₹650.43 crores. The IPO of Enviro Infra Engineers is priced at ₹140-148 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 22, 2024 and ends on Nov 26, 2024. The allotment for Enviro Infra Engineers IPO will be finalized on Nov 27, 2024. Enviro Infra Engineers IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 29, 2024. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 101 shares, extendable to 14,948. The book-running lead manager for the IPO is/are Hem Securities Limited.

The total issue ₹650.43 crore, comprising a fresh issue of 3,86,80,000 shares ₹572.46 crore and having Offer for Sale (OFS) of 52,68,000 shares to mop up ₹77.97 crore.

The Enviro Infra Engineers IPO sets its price band at 140-148 for each share. A single application for Enviro Infra Engineers Limited IPO must contain at least 101 shares. Sentiment investors need to invest a minimum of 101 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,948

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Enviro Infra Engineers IPO Subscription Analysis And Details
Retail
24.41x
QIB
157.05x
NII
153.78x
bNII
177.97x
sNII
105.41x
Total
89.86x
As onQIBNII
bNII   sNII
RetailTotal
Shares Offered / Reserved8,769,6006,577,200
4,384,800    2,192,400
15,346,80030,793,617
Day 1 22-11-24 05:00 PM
2.04 x2.98
2.75 x   3.45 x
1.70 x2.08 x
Day 2 25-11-24 05:00 PM
2.58 x34.60
37.05 x   29.70 x
8.73 x12.52 x
Day 3 26-11-24 05:00 PM
157.05 x153.78
177.97 x   105.41 x
24.41 x89.86 x

Total No of Applications
33,34,560
Subscription on the basis of Applications
Retail:20.01x BHNI:35.98x SHNI:100.86x
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
ROE 51.68%
ROCE 32.34%
Debt/Equity 0.80
RoNW 37.83%
PAT Margin 15.17
Price to Book Value 6.89
Enviro Infra Engineers Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets761.19347.58148.27
Revenue738341.66225.62
Profit After Tax110.5454.9834.55
Net Worth292.18126.5171.62
Reserves & Surplus155.51101.1169.31
Total Borrowing233.5964.5418.11
About Enviro Infra Engineers 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.

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Enviro Infra Engineers - Promoter(s)

Sanjay Jain

Manish Jain

Ritu Jain

Shachi Jain

Pre Issue Share Holding : 93.66%

Post Issue Share Holding : 72.70%

Enviro Infra Engineers IPO - Issue Objectives
1

To meet the Working Capital Requirements

2

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

3

Repayment/prepayment in full or in part, of certain of our outstanding borrowings

4

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.

Enviro Infra Engineers IPO - Peers Comparison
P/B RatioP/E RatioRoNWRevenue(in Cr.)
Enviro Infra23.923.637.8%738
EMS Limited4.7424.422.9%885
Ion Exchange8.5143.421.1%2,548
Va Tech Wabag5.3640.513.8%2,965
Vishnu Prakash R4.5127.823.6%1,491
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.
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

+91 11 4059 1549

cs@eiepl.in

http://www.eiel.in/

Registrar Contact Details