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Enviro Infra Engineers IPO

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BSE,NSE 22 November - 26 November 2024
Enviro Infra Engineers Limited IPO is a book build issue of 650.43 Cr. The issue is a combination of fresh issue of 38680000 shares aggregating to 572.46 Cr and offer for sale of 5268000 shares aggregating to 77.97 Cr. Enviro Infra Engineers Limited IPO opened for subscription on Nov 22, 2024 and closed on Nov 26, 2024. The allotment for the this IPO was finalized on Nov 27, 2024. IPO was listed on NSE and BSE on Nov 29, 2024. Enviro Infra Engineers Limited IPO is set issue price band at ₹140 to ₹148 per share.

Current GMP

₹57 (+38.51%)

Price Band

₹ 140 – 148

Lot Size

101

Issue Size

₹650.43 Cr

Minimum Investment

₹14948 (101 Shares)

Listing Date

29 November 2024

Subscription

89.9x

About the Company

Enviro Infra Engineers Limited specializes in the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities and bodies. Their projects include:

  • WWTPs: Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs)
  • WSSPs: Water Treatment Plants (WTPs), pumping stations, and pipeline networks for water supply.

The company installs Zero Liquid Discharge (ZLD) compliant treatment processes at most STPs and CETPs, allowing treated water to be used for horticulture, washing, refrigeration, and industrial processes. These projects are partly funded by central government schemes like AMRUT, NMCG, and JJM, with additional funding from state governments or Urban Local Bodies (ULBs).

Key Highlights:

  • Successful Project Execution: Over the past 7 years, Enviro Infra has developed 28 WWTPs and WSSPs, including 22 projects with a capacity of 10 MLD (Million Liters per Day) and above.
  • Order Book: As of June 30, 2024, the company has an order book valued at ₹1,90,628.06 lakhs, consisting of 21 ongoing projects.
  • In-House Capabilities: The company has an in-house team of 180 engineers for design, engineering, and construction, supported by third-party consultants. This makes Enviro Infra self-reliant in project execution, including civil works.
  • EPC & HAM Basis: Enviro Infra bids for and executes projects on an Engineering, Procurement, and Construction (EPC) or Hybrid Annuity Model (HAM) basis, often entering joint ventures for specific projects to meet technical or financial qualifications.
  • Sustainable Development Focus: The company is integrating Waste to Energy initiatives, including the installation of solar power plants and Compressed Bio Gas (CBG) plants. These efforts contribute to environmental sustainability and help reduce their carbon footprint. Some ongoing projects, such as those in Jodhpur and Jaipur, are focusing on CBG production from STPs.

Future Initiatives:

  • Sustainable Projects: Out of the 21 ongoing projects, 7 are designated as Sustainable Development Projects, aligning with industry trends towards eco-friendly and renewable energy solutions.

Enviro Infra's robust execution model, combined with government partnerships and sustainability initiatives, positions it as a key player in the water and wastewater treatment sector in India.

Promoters

  1. Sanjay Jain
  2. Manish Jain
  3. Ritu Jain
  4. Shachi Jain
Promoters Holding

Holding Pre Issue

93.66%

Holding Post Issue

72.70%

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
  4. Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Address / Contact Info

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

IPO Snapshot

Face Value₹10 per share
Price Band₹ 140 – 148
Lot Size101
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 572.46 Cr
Offer for Sale₹ 77.97 Cr
Total Issue Size₹ 650.43 Cr
Listing AtBSE,NSE
Employee Discount13
Industry
Sector
QIB Quota0%
BNII Quota0%
SNII Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Enviro Infra Engineers IPO is a Book-building IPO worth ₹650.43 crores. The price band is ₹140 to 148 per share. The IPO opens on Fri, Nov 22, 2024 and closes on Tue, Nov 26, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Enviro Infra Engineers IPO opens on Fri, Nov 22, 2024 and closes on Tue, Nov 26, 2024

Enviro Infra Engineers IPO Price Band is ₹140 to 148.

Enviro Infra Engineers IPO lot size is 101, and the minimum amount required for application is ₹14948.

The minimum investment for Enviro Infra Engineers IPO is approximately ₹14948 based on the upper price band.

To apply for the Enviro Infra Engineers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Nov 26, 2024. After submission, funds are blocked until the basis of allotment of Enviro Infra Engineers IPO is finalised.

Enviro Infra Engineers IPO issue size is ₹650.43 crores.

Enviro Infra Engineers IPO allotment date is Sat, Jun 27, 2026.

The registrar for Enviro Infra Engineers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Enviro Infra Engineers IPO through their official website or helpline.

The Enviro Infra Engineers IPO GMP (Grey Market Premium) is ₹57 as of Fri, Nov 29, 2024. Based on the upper price band of ₹148 per share, the estimated Enviro Infra Engineers IPO listing price is ₹205, indicating a potential listing gain of approximately 31% over the issue price.