Enviro Infra Engineers IPO
- IPO Date22 Nov, 2024 to 26 Nov, 2024
- Listing Date29 Nov, 2024
- Face Value₹10 per share
- Issue Price₹140 to ₹148 per share
- Lot Size101 Shares
- Minimum Investment₹14,948
- Listing AtBSE, NSE
- Total Issue Size4,39,48,000 Shares
(aggregating up to ₹650.43 Cr) - Fresh Issue3,86,80,000 Shares
(aggregating up to ₹572.46 Cr)
- Offer for Sale52,68,000 Shares
(aggregating up to ₹77.97 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue13,68,50,000
- Shareholding post issue17,55,30,000
IPO Dates
Closing Date
26 Nov, 2024
Initiation of Refunds
28 Nov, 2024
Listing Date
29 Nov, 2024
22 Nov, 2024
Opening Date
27 Nov, 2024
Basis of Allotment
28 Nov, 2024
Credit of Shares
Enviro Infra Engineers Lot Size
Investors can bid for a minimum of 101 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 101 | ₹14,948 |
| B-HNI (Min) | 67 | 6767 | ₹10,01,516 |
| S-HNI (Min) | 14 | 1414 | ₹2,09,272 |
| Retail (Max) | 13 | 1313 | ₹1,94,324 |
| S-HNI (Max) | 66 | 6666 | ₹9,86,568 |
Enviro Infra Engineers Promoter Holding
Sanjay Jain, Manish Jain, Ritu Jain, and Shachi Jain are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.66% | - |
Enviro Infra Engineers COMPANY INFORMATION
Enviro Infra Engineers IPO is a book built issue of Rs 650.43 crores. The issue is a combination of fresh issue of 3.87 crore shares aggregating to Rs 572.46 crores and offer for sale of 0.53 crore shares aggregating to Rs 77.97 crores. Enviro Infra Engineers IPO opens for subscription on November 22, 2024 and closes on November 26, 2024. The allotment for the Enviro Infra Engineers IPO is expected to be finalized on Wednesday, November 27, 2024. Enviro Infra Engineers IPO will list on BSE, NSE with tentative listing date fixed as Friday, November 29, 2024. Enviro Infra Engineers IPO price band is set at ₹140 to ₹148 per share. The minimum lot size for an application is 101 Shares. The minimum amount of investment required by retail investors is ₹14,948. The minimum lot size investment for sNII is 14 lots (1,414 shares), amounting to ₹209,272, and for bNII, it is 67 lots (6,767 shares), amounting to ₹1,001,516. The issue includes a reservation of up to 100,000 shares for employees offered at a discount of Rs 13 to the issue price. Hem Securities Limited is the book running lead manager of the Enviro Infra Engineers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Enviro Infra Engineers IPO RHP for detailed information.
Enviro Infra Engineers was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. 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 the laying of pipelines for water supply.
The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till June 30, 2024, the Company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.
Competitive strengths:
- In-house design, engineering, and execution team.
- Growing presence in existing regions with new projects.
- Diversified order book of projects across India.
- In-house execution capabilities with on-time delivery and an established track record of consistently increasing 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
The company has an in-house team for designing, engineering, and construction. The company has a team of 180 engineers supported by external consultants and industry experts.
Enviro Infra Engineers IPO
IPO Overview and Key Highlights
Enviro Infra Engineers is offering its Initial Public Offering (IPO) comprising a fresh issue of 3,86,80,000 equity shares and an Offer for Sale (OFS) of 52,68,000 equity shares, aggregating a total of 4,39,48,000 equity shares. The IPO aims to raise funds for business expansion, working capital needs, and general corporate purposes. Shares will be listed on the BSE and NSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 4,39,48,000 equity shares
- Fresh Issue Size: 3,86,80,000 equity shares
- Offer for Sale (OFS): 52,68,000 equity shares
- Face Value: Rs 10 per share
- Offer Opens: November 22, 2024
- Offer Closes: November 26, 2024
- Listing Exchange: BSE and NSE.
Company Overview
Enviro Infra Engineers, incorporated in 2009, specializes in providing engineering, procurement, and construction (EPC) solutions for the water and wastewater treatment industry. The company offers a range of services including design, development, and maintenance of infrastructure projects. Its clients include government entities, municipalities, and private organizations.
Financial Overview
Enviro Infra Engineers has shown steady financial growth supported by an increasing number of EPC projects. Proceeds from the IPO will enhance its working capital, support new project acquisition, and improve operational efficiency.
Key Strengths of Enviro Infra Engineers
- Sector Expertise: Over a decade of experience in water and wastewater treatment projects.
- Diverse Clientele: Strong client base including government and private sector entities.
- Growth Potential: Increasing urbanization and focus on water infrastructure create significant opportunities.
IPO Pros and Cons
Pros
- Sector Growth: Rising demand for water infrastructure projects due to urbanization and government policies.
- Strong Client Relationships: Established trust with government and private sector clients ensures steady project inflow.
- IPO Proceeds: Funds raised will strengthen the company’s financial position and support growth.
Cons
- Regulatory Risks: Dependence on government contracts exposes the company to regulatory and policy risks.
- Competition: The EPC sector is competitive, with numerous players vying for projects.
- First Public Issue: Uncertainty surrounding stock performance post-listing.
Risk Factors
Potential investors should consider the following risks:
- Project Delays: Delays in project execution may lead to cost overruns and revenue loss.
- Economic Sensitivity: Dependency on infrastructure spending makes the business vulnerable to economic fluctuations.
- Regulatory Challenges: Changes in environmental policies could impact project approvals.
Conclusion
The Enviro Infra Engineers IPO provides a compelling investment opportunity in the infrastructure sector, particularly water and wastewater management. With its experienced management team and established client base, the company is well-positioned for growth. However, potential investors should carefully evaluate risks, including competition and regulatory dependencies, before making investment decisions.
FAQs About Enviro Infra Engineers Ipo
Enviro Infra Engineers IPO will open on 22 Nov, 2024 and close on 26 Nov, 2024. Investors must apply within this period to participate.
The Enviro Infra Engineers IPO price band is set between ₹140.00 and ₹148.00 per share. The minimum lot size is 101, requiring an investment of at least ₹14948.00.
The Enviro Infra Engineers IPO shares are expected to be listed on 29 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your Enviro Infra Engineers IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Enviro Infra Engineers IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.