About Enviro Infra Engineers Limited
Enviro Infra Engineers Limited 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 IPO Details
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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) |
| Employee Discount | Rs 13 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 136,850,000 |
| Share holding post issue | 175,530,000 |
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 | Wednesday, November 27, 2024 |
| 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 |
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 |
| Lot Size Calculator | |||
Enviro Infra Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| 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 Promoter Holding
Sanjay Jain, Manish Jain, Ritu Jain, and Shachi Jain are the company’s promoters.
| Share Holding Pre Issue | 93.66% |
| Share Holding Post Issue |
Company Financials
Enviro Infra Engineers Limited Financial Information (Restated Consolidated)
Enviro Infra Engineers Limited’s revenue increased by 116% and profit after tax (PAT) rose by 101% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Enviro Infra Engineers IPO is Rs 2597.84 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 51.68% |
| ROCE | 32.34% |
| Debt/Equity | 0.8 |
| RoNW | 37.83% |
| P/BV | 6.89 |
| PAT Margin (%) | 15.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.08 | 7.01 |
| P/E (x) | 18.32 | 21.1 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Objects of the Issue (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.
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 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.
The issue includes a reservation of up to 100,000 shares for employees offered at a discount of Rs 13 to the issue price.
