ENVIRO INFRA ENGINEERS LIMITED
₹ 140 - ₹ 148
22-Nov-2024 - 26-Nov-2024
₹ 14948.00

/ 101 Shares

ENVIRO INFRA ENGINEERS LIMITED

22-Nov-2024 - 26-Nov-2024

₹ 140 - ₹ 148

Price Band

₹ 14948.00

Minimum Investment

101

Bid Lot

30,793,600

Shares
  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 21,706 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of Upto 3,86,80,000 Equity Shares and Offer for Sale of upto 52,68,000 Equity Shares

Category % Shares/Amount
QIB 50% 21,924,000 Shares RS.324.48 CR
HNI 1 5% 2,192,400 Shares RS.32.45 CR @ 1550 FORM 1X
HNI 2 10% 1,384,800 Shares RS.64.80 CR @ 3101 FORM 1X
Retail 35% 15,346,800 Shares RS.227.13 CR @ 151949 FORM 1X
Employee 0% 100,000 Shares RS.1.48 CR

BRLMs: Hem Securities Ltd


Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
151949 FORM 1X 1550 FORM 1X 3101 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 101 ₹ 14,948
Retail (Upto 2 Lakh) 13 1313 ₹ 194,324
S-HNI (2 Lakh to 10 Lakh) 14 1414 ₹ 209,272
S-HNI (2 Lakh to 10 Lakh) 66 6666 ₹ 986,568
B-HNI (Above 10 Lakh) 67 6767 ₹ 1,001,516

IPO Timeline

  • Open Date

    22-Nov-2024
  • Close Date

    26-Nov-2024
  • Basis of Allotment Date

    27-Nov-2024
  • Initiation of Refunds

    27-Nov-2024
  • Credit Shares to Demat A/c

    28-Nov-2024
  • IPO Listing Date

    29-Nov-2024

About Company

  • The Company was originally incorporated as ‘Enviro Infra Engineers Pvt. Ltd’ at Delhi, on June 19, 2009. On April 1, 2010, the Company took over the business of partnership firm, M/s Enviro Engineers. Consequently, on conversion to a public company, the name was changed to ‘Enviro Infra Engineers Limited’, on August 8, 2022.
  • The company is in the business of designing, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies.
  • 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 laying of pipelines for supply of water (collectively, “Projects”).
  • The company has successfully developed 28 WWTPs and WSSPs across India in past 7 years which includes 22 projects with 10 MLD capacity and above.
  • The Company has developed expertise and capability in executing diverse projects like WWTPs including CETPs, STPs & SS and WSSPs, both on EPC and HAM basis, aggregating into an Order Book of 21 WWTPs and WSSPs for aggregate value of ? 1,906.28 Cr. Out of the existing Order Book of 21 WWTPs and WSSPs, 7 projects are “Projects contributing to Sustainable Development”.
  • The company is presently executing projects in 8 states namely, Gujarat, Rajasthan, Delhi, Jharkhand, Karnataka, Uttar Pradesh, Chhattisgarh and Madhya Pradesh.
  • The company plans to expand its business operations in the East and South India. It has recently won projects in Jharkhand and Karnataka and submitted bids for projects in Odisha, West Bengal and Goa.
  • The company has an in-house team for design, engineering and construction. It has a team of 180 engineers supported by third-party consultants and industry experts to meet the standards laid down by the industry and government agencies & departments.
  • The company uses advanced technologies like Sequential Batch Reactors (SBR), High Rate Anaerobic Digestor (HRAD), Moving Bed Biological Reactor (MBBR) to offer its clients the full range of services at lower cost and without compromising on quality.
  • The company has demonstrated consistent financial performance over the years. The company’s revenue from operations has grown at a CAGR of 80.58% from ? 223.53 Cr in FY 2022 to ? 728.92 Cr in FY 2024. The company’s PAT for this period has also grown at a CAGR of 78.87% from ? 34.55 Cr in the FY 2022 to ? 110.54 Cr in FY 2024. As of June 30, 2024, the company’s debt equity ratio was 0.95.

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Strengths

Competitive Strength 

  • In house designing, engineering and execution team
  • Increasing presence in existing geographies with new projects
  • Diversified Order Book of projects across India
  • In-house execution capabilities with timely delivery and established track record enabling consistent increase in 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

 

 Business Strategies 

  • Increasing the size of projects and pre-qualification
  • Expansion of the geographical footprint
  • Plan to further bid for HAM projects
  • New initiatives towards “Waste to Energy” as a part of the company’s projects
  • Capitalize on Government policy initiatives in WWTP and WSSP sectors

Company Promoters

Company Financials

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

Objects of the Issue

The Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following 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; and
  4. Funding inorganic growth through unidentified acquisitions and general corporate purposes.

How to Apply

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  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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