Enviro Infra Engineers Limited is set to launch its IPO with the opening date scheduled for November 22, 2024, and the closing date on November 26, 2024. This IPO will be a book-built issue, and the company aims to raise a total of approximately ₹6,504.30 crores. The offer will consist of a fresh issue of up to 38,680,000 shares, aggregating up to ₹5,724.64 crores, along with an offer for sale (OFS) of up to 5,268,000 shares, amounting to ₹779.66 crores.
The funds raised from the fresh issue will be utilized for business expansion and other corporate purposes. The face value of each share is ₹10, and the price band is set at ₹148 per equity share. The lot size for the issue is 101 equity shares, and the company will be listed on BSE and NSE.
Enviro Infra Engineers Limited specializes in building Water Treatment Plants (WTP), Sewage Treatment Plants (STP), and Effluent Treatment Plants (ETP). The company is dedicated to providing sustainable and innovative water treatment solutions for industries and communities.
Backed by a skilled team, Enviro Infra focuses on delivering high-quality, cost-effective, and eco-friendly infrastructure for water management. Committed to excellence, the company aims to exceed client expectations while contributing to environmental sustainability in water resource management.
IPO Key Highlights
| Parameter | Details |
|---|---|
| IPO Opening Date | November 22, 2024 |
| IPO Closing Date | November 26, 2024 |
| Anchor Investor Bidding Date | November 21, 2024 |
| IPO Price Range | ₹148 |
| Face Value of Share | ₹10 each |
| Net Issue Size Offered | Up to 43,948,000 Equity Shares amounting up to ₹6,504.30 Crores |
| Fresh Issue | Up to 38,680,000 Equity Shares amounting up to ₹5,724.64 Crores |
| Offer For Sale (OFS) | Up to 5,268,000 Equity Shares amounting up to ₹779.66 Crores |
| Lot Size | 101 Equity Shares |
| Listing at | BSE and NSE |
| Issue Type | 100% Book Built Issue |
Important IPO Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | November 22, 2024 (Friday) |
| IPO Closing Date | November 26, 2024 (Tuesday) |
| Basis of Allotment | November 27, 2024 (Wednesday) |
| Initiation of Refunds | November 27, 2024 (Wednesday) |
| Credit of Shares to Demat | November 28, 2024 (Thursday) |
| Listing Date | November 29, 2024 (Friday) |
What is GMP of Enviro Infra Engineers IPO Today?
As of December 02, 2024, the Grey Market Premium (GMP) for the Enviro Infra Engineers IPO is ₹57. This indicates that the shares are expected to list at approximately ₹205 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standings
| Period | Three Months Ended June 30, 2024 (Amount in ₹ Lakhs) | Financial Year 2024 (Amount in ₹ Lakhs) | Financial Year 2023 (Amount in ₹ Lakhs) | Financial Year 2022 (Amount in ₹ Lakhs) |
|---|---|---|---|---|
| Total Assets | 81,287.27 | 76,119.18 | 34,758.49 | 14,826.67 |
| Total Revenue | 20,518.02 | 72,891.50 | 33,810.20 | 22,352.51 |
| Total Expense | 16,434.01 | 58,819.42 | 26,707.36 | 17,955.40 |
| Profit After Tax | 2,996.81 | 10,856.95 | 5,533.89 | 3,454.86 |
| Company’s Net Worth | 32,299.61 | 29,218.37 | 12,651.40 | 7,162.25 |
| Total Reserves & Surplus | 18,614.61 | 15,533.37 | 10,089.40 | 6,918.25 |
The company’s total assets have grown steadily from ₹14,826.67 Lakhs in FY 2022 to ₹76,119.18 Lakhs in FY 2024, and further to ₹81,287.27 Lakhs in the latest quarter ending June 2024. This shows the company is building its resources to support its growing operations. Revenue also increased significantly, from ₹22,352.51 Lakhs in FY 2022 to ₹72,891.50 Lakhs in FY 2024, with ₹20,518.02 Lakhs recorded in the latest quarter.
This indicates the company is scaling its operations and expanding its market reach. Profit After Tax grew from ₹3,454.86 Lakhs in FY 2022 to ₹10,856.95 Lakhs in FY 2024, with ₹2,996.81 Lakhs in the latest quarter. This demonstrates better profitability through higher revenue and controlled expenses. These financial results show the company’s strong business performance and its potential for future growth.
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value (June 30, 2024) |
|---|---|
| Return on Capital Employed (ROCE) | 8.24% |
| Return on Equity (ROE) | 10.07% |
| EBITDA Margin (%) | 24.99% |
| After Tax Profit Margin (%) | 15.00% |
| Debt to Equity Ratio | 0.95 |
| Return on Net Worth (RONW) | 9.53% |
| Net Asset Value (NAV) | ₹23.60 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 101 | 14,948 |
| Retail Investor (Maximum Lot) | 13 | 1,313 | 1,94,324 |
| HNI Investor (Minimum Lot) | 14 | 1,414 | 2,09,272 |
| Big HNI Investor (Minimum Lot) | 68 | 6,868 | 10,16,464 |
| Big HNI Investor (Maximum Lot) | 434 | 43,834 | 64,87,432 |
Retail investors can bid for a minimum of one lot, which contains 101 shares, amounting to ₹14,948. They can apply for up to 13 lots, comprising 1,313 shares, amounting to ₹1,94,324. HNIs can apply for a minimum of 14 lots, comprising 1,414 shares, amounting to ₹2,09,272. For big HNIs, the minimum application starts at 68 lots, comprising 6,868 shares, amounting to ₹10,16,464. The maximum application for big HNIs is 434 lots, comprising 43,834 shares, amounting to ₹64,87,432.
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | Not more than 50% of the Net Offer |
| Shares Reserved for Retail Investors | Not less than 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | Not less than 15% of the Net Offer |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended June 30, 2024 (₹ Lakhs) | March 31, 2024 (₹ Lakhs) | March 31, 2023 (₹ Lakhs) | March 31, 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | -10,341.12 | -6,900.20 | 10,108.82 | 4,159.63 |
| Net Cash Flow from Investing Activities | 2,272.64 | -13,934.47 | -14,100.16 | -2,604.55 |
| Net Cash Flow from Financing Activities | 8,004.00 | 20,683.72 | 4,205.33 | -1,568.90 |
| Net Increase/(Decrease) in Cash | -64.48 | -150.94 | 213.99 | -13.81 |
Revenue by Region: State-wise Analysis
| State | For the Period Ended June 30, 2024 (₹ in Lakhs) | FY 2023-24 (₹ in Lakhs) | FY 2022-23 (₹ in Lakhs) | FY 2021-22 (₹ in Lakhs) |
|---|---|---|---|---|
| Gujarat | 2,356.54 | 3,977.03 | 3,410.67 | 2,239.39 |
| Rajasthan | 3,864.45 | 2,099.22 | 1,602.98 | 4,149.44 |
| Chhattisgarh | 21.86 | 1,961.40 | 1,391.44 | 5,908.02 |
| Delhi | 15.88 | 2,535.12 | 210.95 | 0.00 |
| Haryana | 343.18 | 1,386.06 | 4,506.13 | 4,543.35 |
| Madhya Pradesh | 11,997.99 | 50,124.48 | 8,682.67 | 0.00 |
| Punjab | 100.35 | 327.73 | 1,338.04 | 3,752.49 |
| Uttar Pradesh | 1,122.51 | 8,925.70 | 12,656.68 | 1,759.81 |
| Jharkhand | 695.25 | 1,554.77 | 0.00 | 0.00 |
| Karnataka | 0.00 | 0.00 | 10.64 | 0.00 |
| Total Revenue | 20,518.02 | 72,891.50 | 33,810.20 | 22,352.51 |
Project-wise Revenue Breakdown
| Entity Type | For the Period Ended June 30, 2024 (₹ in Lakhs) | FY 2023-24 (₹ in Lakhs) | FY 2022-23 (₹ in Lakhs) | FY 2021-22 (₹ in Lakhs) |
|---|---|---|---|---|
| Government | 20,515.18 | 72,891.50 | 33,810.20 | 22,268.44 |
| Non-Government | 2.83 | - | - | 84.07 |
| Total Revenue | 20,518.02 | 72,891.50 | 33,810.20 | 22,352.51 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Enviro Infra Engineers Limited | 8.13 | * | 10 |
| ION Exchange Limited | 16.53 | 38.68 | 1 |
| Va Tech Wabag Limited | 39.49 | 43.90 | 2 |
| EMS Limited | 29.38 | 25.92 | 10 |
| Vishnu Prakash R Punglia Limited | 10.95 | 25.31 | 10 |
Promoters of Enviro Infra Engineers Limited
- Manish Jain
- Sanjay Jain
- Shachi Jain
- Ritu Jain
Lead Managers of Enviro Infra Engineers IPO
Hem Securities Limited
Contact Person: Roshni Lahoti
Telephone: +91 22 4906 0000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Registrar of Enviro Infra Engineers IPO
Bigshare Services Private Limited
Contact Person: Babu Raphael C.
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Contact Detail
Enviro Infra Engineers Limited
Address:
Enviro Infra Engineers Ltd.
123, Industrial Estate,
Mumbai, Maharashtra, 400001, India
Email: info@enviroinfra.com
Telephone: +91 22 4906 1234
Website: www.enviroinfra.com
DRHP and RHP - Key Documents for the IPO
Should You Apply for the Enviro Infra Engineers IPO?
Enviro Infra Engineers Limited has displayed strong growth in FY 2024, with a noticeable improvement in both its revenue and profits. The company’s Profit After Tax (PAT) surged to ₹14,981.04 lakhs, a significant increase from ₹5,533.89 lakhs in FY 2023. Revenue also grew substantially, reaching ₹72,891.50 lakhs compared to ₹33,810.20 lakhs in the previous year, highlighting the company’s successful expansion efforts.
With the IPO aiming to raise ₹6,504.30 crores, the funds will be used for further growth and business development. Given the face value of ₹10 per share and a price range of ₹148, the offering seems appealing, especially considering the company’s positive performance.
However, investors should assess the potential risks, including market volatility and competition, before making any decisions. It’s wise to compare this opportunity with other options and consult with a financial advisor to ensure the investment aligns with personal risk tolerance and goals.
Common Questions about the IPO
- What is the opening and closing date for the Enviro Infra Engineers IPO?
The IPO opens on 22 November, 2024 (Friday) and closes on 26 November, 2024 (Tuesday). - What is the price band for the Enviro Infra Engineers IPO?
The price band for the IPO is between ₹148 per share. - What is the minimum lot size for this IPO?
Investors need to bid for a minimum of 101 shares. - Who are the lead managers for the Enviro Infra Engineers IPO?
The lead managers are Hem Securities Limited. - Who is the registrar for the Enviro Infra Engineers IPO?
The registrar is Bigshare Services Private Limited. - What are the objectives of the IPO?
The funds raised through this IPO will be used for business expansion and other corporate purposes. - On which stock exchanges will the shares be listed?
The shares will be listed on the BSE and NSE. - What is the total issue size for the Enviro Infra Engineers IPO?
The total issue size is up to ₹6,504.30 crores, with 38,680,000 shares being offered. - When will the allotment and refund process begin?
The allotment is scheduled for 27 November, 2024 (Wednesday), and refunds will begin on 28 November, 2024 (Thursday). - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on 28 November, 2024 (Thursday). - What is the expected listing date for the IPO?
The shares are expected to list on the stock exchange on 29 November, 2024 (Friday).
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Enviro Infra Engineering IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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