
Enviro Infra Engineers Limited
Enviro Infra Engineers Limited(EIEL)
Total Shares
4,39,48,000
Issue Size
₹650.43 Cr
Price Band
₹140 – ₹148
Lot Size
101 shares
Min. Investment
₹14,948
Max. Investment
₹14,948
Open Date
22 Nov, 2024
Close Date
26 Nov, 2024
Allotment
27 Nov, 2024
Listing
29 Nov, 2024
Max. Investment
₹14,948
Announced
22 Nov, 2024
Opening Date
22 Nov, 2024
Closing Date
26 Nov, 2024
Basis of Allotment
27 Nov, 2024
Initiation of Refunds
27 Nov, 2024
Credit of Shares
28 Nov, 2024
Listing Date
29 Nov, 2024
Live GMP
Est. Listing: ₹165
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About Enviro Infra Engineers Limited IPO
Enviro Infra Engineers Limited 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.
Enviro Infra Engineers Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 28.3% increase in shares
Enviro Infra Engineers Limited IPO Financials Health
Enviro Infra Engineers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 101 | ₹14,948 |
| Retail Maximum | 13 | 1313 | ₹1,94,324 |
| SHNI Minimum | 14 | 1414 | ₹2,09,272 |
| SHNI Maximum | 66 | 6666 | ₹9,86,568 |
| BHNI Minimum | 67 | 6767 | ₹10,01,516 |
(All values in CR)
Enviro Infra Engineers Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 0.95 |
| EPS Post IPO | 7.01 |
| EPS Pre IPO | 8.08 |
| P/BV | 6.27 |
| P/E Post IPO | 21.1 |
| P/E Pre IPO | 18.32 |
| PAT Margin (%) | 15 |
| ROCE | 8.24% |
| ROE | 10.07% |
| RoNW | 9.53% |
(All values in CR)
Strength & Risk of Enviro Infra Engineers Limited IPO
1. In house designing, engineering and execution team.
2. Increasing presence in existing geographies with new projects.
3. Diversified Order Book of projects across India.
4. In-house execution capabilities with timely delivery and established track record enabling consistent increase in eligibility for high value project tenders
5. Use of advanced technologies in the construction and installation of WWTPs and WSSPs
6. Experienced Promoters and senior management team.
7. Consistent financial performance.
1. The company bid for Water and Wastewater Treatment Plants (WWTPs) & Water Supply Scheme Projects (WSSPs) funded by the Central and State Governments and derives the company revenues from the contracts awarded to it. Any reduction in budgetary allocation to this sector may affect the number of projects that the government authorities /bodies may plan to develop in a particular period. Its business is directly and significantly dependent on projects awarded by them.
2. Its projects are awarded through the competitive bidding process by government authorities/bodies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.
3. The company relies on its in-house designing, engineering and construction teams for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.
4. Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.
5. Its Order Book may not be representative of the company future results and its actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect its results of operations.
6. Failures to capitalize on government policy initiatives in the water and wastewater treatment market.
7. The company relies on various third parties in the civil construction activities for installing its Water and Wastewater Treatment Plants (WWTPs) & Water Supply Scheme Projects (WSSPs) and factors affecting the performance of their obligations could adversely affect its projects.
8. The company relies on joint venture partners for selective government projects bids and execution of awarded projects. The failures of a joint venture partner to perform its obligations could impose additional financial and performance obligations resulting in reduced profits or, in some cases, significant losses from the joint venture and may have an adverse effect on its business, results of operations and financial condition.
9. The company has diversified its offerings with Waste to Energy additions like Solar Power Plants and Compressed Bio Gas (CBG) forming a part of projects. Its may fails in implementing these initiatives successfully which may affect its future growth and prospects.
10. Increase in the prices of construction materials and labour & works contract charges could have an adverse effect on its business, results of operations and financial condition.
Enviro Infra Engineers Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 1,31,54,400 | 1,31,54,400 | 194.69 |
| BHNI (10L+) | 177.97 | 43,84,800 | 78,03,45,291 | 11 |
| Employees | 37.77 | 1,00,000 | 37,76,693 | 55.9 |
| HNI | 153.80 | 65,77,200 | 1,01,15,77,721 | 14 |
| QIB | 157.05 | 87,69,600 | 1,37,72,55,089 | 20 |
| Retail | 24.48 | 1,53,46,800 | 37,57,02,022 | 5 |
| SHNI (2L - 10L) | 105.47 | 21,92,400 | 23,12,32,430 | 3 |
| Total | 89.90 | 3,07,93,600 | 2,76,83,11,525 | 40 |
Enviro Infra Engineers Limited IPO GMP
Last updated 19 Nov, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 19 Nov, 2024 | 148 | ₹17▼ | 1300/18200 | ₹165 (11.49%) | - | 19 Nov, 2024 |
| 20 Nov, 2024 | 148 | ₹31▼ | 2400/33600 | ₹179 (20.95%) | - | 20 Nov, 2024 |
| 21 Nov, 2024 | 148 | ₹32▼ | 2500/35000 | ₹180 (21.62%) | - | 21 Nov, 2024 |
| 22 Nov, 2024 | 148 | ₹38▼ | 2900/40600 | ₹186 (25.68%) | - | 22 Nov, 2024 |
| 23 Nov, 2024 | 148 | ₹45▼ | 3500/49000 | ₹193 (30.41%) | - | 23 Nov, 2024 |
| 25 Nov, 2024 | 148 | ₹52▲ | 4000/56000 | ₹200 (35.14%) | - | 25 Nov, 2024 |
| 26 Nov, 2024 | 148 | ₹48▼ | 3700/51800 | ₹196 (32.43%) | - | 26 Nov, 2024 |
| 27 Nov, 2024 | 148 | ₹51▲ | 3900/54600 | ₹199 (34.46%) | - | 27 Nov, 2024 |
| 28 Nov, 2024 | 148 | ₹50▼ | 3800/53200 | ₹198 (33.78%) | - | 28 Nov, 2024 |
| 29 Nov, 2024 | 148 | ₹57 | 4400/61600 | ₹205 (38.51%) | - | 29 Nov, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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