MAINBOARD · NSE + BSESubscribed: 194.69×GMP ₹57
Enviro Infra Engineers Limited

Enviro Infra Engineers Limited

Enviro Infra Engineers Limited(EIEL)

Issue Size

4,39,48,000

Issue Price

₹650.43 Cr

Price Band

140 – ₹148

Lot Size

101 shares

Min. Investment

14,140

Max. Investment

14,948

Open Date

22 Nov, 2024

Close Date

26 Nov, 2024

Allotment

27 Nov, 2024

Listing

29 Nov, 2024

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

17

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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

Total Issue4,39,48,000 shares₹650.43 Cr
Fresh Issue3,86,80,000 shares₹572.46 Cr
Offer for Sale52,68,000 shares₹77.97 Cr

Shareholding

Pre-Issue13,68,50,000
Post-Issue17,55,30,000

Dilution: 28.3% increase in shares

Enviro Infra Engineers Limited IPO Financials Health

Enviro Infra Engineers Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum110114,948
Retail Maximum1313131,94,324
SHNI Minimum1414142,09,272
SHNI Maximum6666669,86,568
BHNI Minimum67676710,01,516

(All values in CR)

Enviro Infra Engineers Limited IPO Valuation

MetricValue
Debt/Equity0.95
EPS Post IPO7.01
EPS Pre IPO8.08
P/BV6.27
P/E Post IPO21.1
P/E Pre IPO18.32
PAT Margin (%)15
ROCE8.24%
ROE10.07%
RoNW9.53%

(All values in CR)

Strength & Risk of Enviro Infra Engineers Limited IPO

+Strengths

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.

!Risks

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 CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.001,31,54,4001,31,54,400194.69
BHNI (10L+)177.9743,84,80078,03,45,29111
Employees37.771,00,00037,76,69355.9
HNI153.8065,77,2001,01,15,77,72114
QIB157.0587,69,6001,37,72,55,08920
Retail24.481,53,46,80037,57,02,0225
SHNI (2L - 10L)105.4721,92,40023,12,32,4303
Total89.903,07,93,6002,76,83,11,52540

Enviro Infra Engineers Limited IPO GMP

+17+11.5%

Last updated 19 Nov, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
19 Nov, 2024148₹171300/18200₹165 (11.49%)-19 Nov, 2024
20 Nov, 2024148₹312400/33600₹179 (20.95%)-20 Nov, 2024
21 Nov, 2024148₹322500/35000₹180 (21.62%)-21 Nov, 2024
22 Nov, 2024148₹382900/40600₹186 (25.68%)-22 Nov, 2024
23 Nov, 2024148₹453500/49000₹193 (30.41%)-23 Nov, 2024
25 Nov, 2024148₹524000/56000₹200 (35.14%)-25 Nov, 2024
26 Nov, 2024148₹483700/51800₹196 (32.43%)-26 Nov, 2024
27 Nov, 2024148₹513900/54600₹199 (34.46%)-27 Nov, 2024
28 Nov, 2024148₹503800/53200₹198 (33.78%)-28 Nov, 2024
29 Nov, 2024148₹574400/61600₹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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