Hi Wealthgainer.in Investors, Today we have come to inform a Latest IPO, Enviro Infra Engineers Limited.
The Enviro Infra Engineers Limited IPO is one of the highly anticipated public offerings this year, attracting attention from investors due to its focus on sustainable and innovative engineering solutions. This article provide all the critical details of this IPO, including timelines, subscription status, GMP, allotment information, and a detailed company overview. Let’s explore everything you need to know about Enviro Infra Engineers Limited IPO.
Enviro Infra Engineers Limited IPO Details:
| Detail | Information |
|---|---|
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Face Value | ₹10 |
| 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 |
| Shareholding Pre-Issue | 136,850,000 |
| Shareholding Post-Issue | 175,530,000 |
Enviro Infra Engineers IPO Timeline (Tentative Schedule):
| Event | Date |
|---|---|
| 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 Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,31,54,400 (29.93%) | NA |
| QIB Shares Offered | 87,69,600 (19.95%) | NA |
| NII (HNI) Shares Offered | 65,77,200 (14.97%) | |
| bNII > ₹10L | 43,84,800 (9.98%) | 3,100 |
| sNII < ₹10L | 21,92,400 (4.99%) | 1,550 |
| Retail Shares Offered | 1,53,46,800 (34.92%) | 1,51,948 |
| Employee Shares Offered | 1,00,000 (0.23%) | NA |
| Total Shares Offered | 4,39,48,000 (100%) | NA |
Enviro Infra Engineers IPO Lot Size
| 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 Promoter Holding
Sanjay Jain, Manish Jain, Ritu Jain, and Shachi Jain are the company’s promoters.
| Shareholding | Pre-Issue | Post-Issue |
|---|---|---|
| Promoters | 75% | 60% |
About Enviro Infra Engineers Limited
Company Overview
- Established in 2009.
- Specializes in designing, constructing, operating, and maintaining water and wastewater treatment plants and water supply projects.
- Primarily works with government authorities and bodies.
- Successful track record of 28 projects across India, including 22 projects with 10 MLD capacity and above.
Key Strengths
- In-house team of 180 engineers.
- Capabilities in design, engineering, and construction.
- Partnerships and joint ventures with other infrastructure companies.
- Focus on sustainable development initiatives.
- Experienced management team.
Financial Performance
Significant growth in FY24:
- Revenue increased by 116%
- Profit after tax (PAT) rose by 101%
Order book worth Rs. 1,906.28 crore as of June 30, 2024.
Diverse revenue streams from water and wastewater treatment projects.
- Implementing “Waste to Energy” projects.
- Installing solar power plants.
- Developing Compressed Bio Gas (CBG) plants.
- 7 out of 21 current projects contribute to sustainable development.
IPO Objectives
- Meet working capital requirements.
- Fund subsidiary project in Mathura.
- Repay outstanding borrowings.
- Support potential acquisitions and corporate purposes.
Investment Perspective
- The review suggests the issue appears fully priced based on FY25 annualized earnings.
- Recommended for well-informed investors with a medium to long-term investment horizon.
The company appears to be well-positioned in the water and wastewater treatment sector, with a strong focus on sustainable infrastructure development and consistent financial growth.
Company Financial Information of Enviro Infra Engineers Limited
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 761.19 | 347.58 | 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 & Surplus | 186.29 | 155.51 | 101.11 | 69.31 |
| Borrowings | 305.59 | 233.59 | 64.54 | 18.11 |
Key Performance Index
| KPI | Value |
|---|---|
| ROE | 51.68% |
| ROCE | 32.34% |
| Debt/Equity | 0.8 |
| RoNW | 37.83% |
| P/BV | 6.89 |
| PAT Margin (%) | 15.17 |
Earnings and Valuation
| Indicator | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.08 | 7.01 |
| P/E (x) | 18.32 | 21.1 |
Note:
- The Pre-IPO EPS is determined using the pre-issue shareholding figures as detailed in the RHP and the latest financial year earnings up to March 31, 2024.
- The Post-Issue EPS is derived from the post-issue shareholding data, along with the annualized earnings for the financial period ending June 30, 2024, as disclosed in the RHP.
IPO Subscription Overview
- Total Subscription: 89.90 times (as of November 26, 2024, 6:19:07 PM)
- Total Applications: 3,015,823
Subscription by Category
1. Qualified Institutional Buyers (QIB): 157.05 times
2. Non-Institutional Investors (NII): 153.80 times
- Large NII (above ₹10L): 177.97 times
- Small NII (below ₹10L): 105.47 times
3. Retail Investors: 24.48 times
4. Employee Quota: 37.77 times
Enviro Infra Engineers Limited Contact Details
Enviro Infra Engineers Limited
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/
Enviro Infra Engineers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Enviro Infra Engineers Limited IPO Review
| Aspect | Details |
|---|---|
| Business | Designing, construction, operation and maintenance of water and waste water treatment plants and supply schemes. |
| Growth | Marked boosted growth from FY24 in top and bottom lines. |
| Order Book | Rs. 1,906+ crore as of June 30, 2024 |
| Pricing | Based on FY25 annualized super earnings, the issue appears fully priced |
| Investment Recommendation | Well-informed investors may park funds for medium to long term |
| Key Observation | Company offers comprehensive water treatment solutions with promising potential |
| Date of Review | November 18, 2024 |
| Reviewer | Dilip Davda |
Enviro Infra Engineers IPO FAQs
How can I check the Enviro Infra Engineers Limited IPO allotment status?
To check the IPO allotment status, investors can:
1. Visit the registrar’s website (usually Link Intime)
2. Check the BSE website
3. Use their application number or PAN number
4. Contact their broker or the IPO registrarWhen is the Enviro Infra Engineers Limited IPO allotment date?
The exact allotment date is Wednesday, November 27, 2024 announced by the IPO registrar.
What was the Enviro Infra Engineers Limited IPO subscription status?
As of November 26, 2024, the IPO was subscribed 89.90 times:
a] QIB Category: 157.05 times
b] NII Category: 153.80 times
c] Retail Category: 24.48 times
d] Employee Quota: 37.77 times
e] Total Applications: 3,015,823What is the current Enviro Infra Engineers Limited IPO GMP today?
The Enviro Infra Engineers Limited IPO GMP(Grey Market Premium) today is ₹50.
What is the Enviro Infra Engineers Limited IPO listing date?
The listing date of Enviro Infra Engineers Limited IPO is Friday, November 29, 2024.
What is the Price Band for Enviro Infra Engineers IPO?
The price band for Enviro Infra Engineers IPO is set at ₹140 to ₹148 per share. Investors can place bids within this range during the IPO subscription period, which runs from November 22, 2024, to November 26, 2024.
Can I Apply for Enviro Infra Engineers IPO Through UPI?
Yes, you can apply for the Enviro Infra Engineers IPO through the Unified Payments Interface (UPI). Retail investors need to have a UPI ID linked to their bank account for submitting bids in the IPO.
What is the Minimum and Maximum Lot Size?
The minimum lot size is 1 lot of ₹14,948 and maximum lot size is 67 lot of ₹1,001,516.
What is the total IPO size for Enviro Infra Engineers?
The Enviro Infra Engineers IPO targeted raising ₹650.30 crore, consisting of a fresh issue of ₹572.46 crore and an Offer for Sale (OFS) of up to 52.68 lakh equity shares. The IPO witnessed an overwhelming response, achieving a remarkable subscription of 89.90 times, driven by strong demand across all investor categories.
Information Source – SEBI IPO
Disclaimer:
Investing in Initial Public Offerings (IPOs) involves significant risk, and readers are advised to carefully consider their financial goals, risk tolerance, and investment horizon before applying. The information presented in this blog post is for informational purposes only and does not constitute financial advice. The performance of any IPO may vary based on market conditions, investor sentiment, and other factors. Past performance is not indicative of future results. We recommend consulting with a qualified financial advisor or conducting thorough research before making any investment decisions. The author and website do not assume any responsibility for any investment outcomes or losses incurred based on the information provided. Always verify the details from official sources such as the IPO prospectus and regulatory filings before proceeding with any investment.