The Enviro Infra Engineers IPO is valued at ₹650.43 crores through a book-built issue. This consists of a fresh issue of 3.87 crore shares, amounting to ₹572.46 crores, along with an offer for sale of 0.53 crore shares, totaling ₹77.97 crores.
The subscription for the Enviro Infra Engineers IPO is scheduled to open on November 22, 2024, and close on November 26, 2024. The IPO allotment is anticipated to be finalized on Wednesday, November 27, 2024. The listing of the IPO is planned on the BSE and NSE, with the tentative listing date set for Friday, November 29, 2024.
The price band for the Enviro Infra Engineers IPO has been determined to be between ₹140 and ₹148 per share. The minimum application lot size is 101 shares, requiring a minimum investment of ₹14,948 from retail investors. For sNII (Small Non-Institutional Investors), a minimum of 14 lots (1,414 shares) is required, totaling ₹209,272, while for bNII (Big Non-Institutional Investors), 67 lots (6,767 shares) are needed, amounting to ₹1,001,516.
Additionally, a reservation of up to 100,000 shares is allocated for employees, with a discount of ₹13 per share to the issue price.
Get the Enviro Infra Engineers IPO RHP for detailed information.
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | November 29, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 140 to ₹ 148 / Share |
| Lot Size | 101 Shares |
| Total Issue Size | ₹650.43 Cr |
| Fresh Issue | ₹572.46 Cr |
| Offer for Sale | ₹77.97 Cr |
| Employee Discount | ₹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 |
| Market Maker portion |
Enviro Infra Engineers Limited IPO opens on November 22, 2024, and closes on November 26, 2024.
| IPO Open Date | November 22, 2024 |
| IPO Close Date | November 26, 2024 |
| Basis of Allotment | November 27, 2024 |
| Initiation of Refunds | November 27, 2024 |
| Credit of Shares to Demat | November 28, 2024 |
| Listing Date | November 29, 2024 |
| Cut-off time for UPI mandate confirmation | November 26, 2024 |
The minimum bid for investors has been set at 101 shares, with bids accepted in multiples of this lot size. The table below illustrates the minimum and maximum investment requirements for retail investors and High Net-worth Individuals (HNI) in terms of the number of shares and the corresponding investment amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 101 | Rs.14,948 |
| Retail (Max) | 13 | 1,313 | Rs.194,324 |
| S-HNI (Min) | 14 | 1,414 | Rs.209,272 |
| S-HNI (Max) | 66 | 6,666 | Rs.986,568 |
| B-HNI (Min) | 67 | 6,767 | Rs.1,001,516 |
| HNI (Min) |
| Share Holding Pre Issue | 93.66% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Enviro Infra Engineers Limited, founded in 2009, specializes in the design, construction, operation, and maintenance of Water and Waste-Water Treatment Plants (WWTPs) and Water Supply Projects (WSSPs) for various government agencies and entities. The scope of WWTPs encompasses Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs), whereas WSSPs include Water Treatment Plants (WTPs), pumping stations, and pipeline installations for water supply.
The company engages in tenders issued by state governments and Urban Local Bodies (ULBs) for the development of WWTPs and WSSPs, utilizing either an EPC (Engineering, Procurement, and Construction) or HAM (Hybrid Annuity Model) approach. As of June 30, 2024, the company has successfully completed 28 WWTPs and WSSPs across India over the past seven years, including 22 projects with a capacity of 10 MLD (Million Liters per Day) or higher.
Competitive Strengths of Enviro Infra Engineers Limited include:
| KPI | Values |
|---|---|
| ROE | 10.07% |
| ROCE | 8.24% |
| Debt/Equity | 0.95 |
| RoNW | 9.53% |
| P/BV | |
| PAT Margin (%) | 15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
The proceeds from the Fresh Issue are proposed to be utilized by the company to fund the following objectives:
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/ |
Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com |
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