Enviro Infra Engineers IPO Price, Open and Listing on Exchange

Enviro Infra Engineers IPO will open on November 22, 2024, and close on November 26, 2024. Enviro Infra Engineers Limited was founded in 2009 and is working in the Water and Wastewater Treatment market. In this blog, we’ll go through the Enviro Infra Engineers IPO details, listing, and peer comparison.

Enviro Infra Engineers IPO Date 2024

The key pointers for the Enviro Infra Engineers IPO date are:

• Bidding Opening Date: November 22, 2024
• Bidding Closing Date: November 26, 2024
• Allotment Date: November 27, 2024
• Initiation of Refunds (in case of less or no allotment): November 27, 2024
• Shares Credited to Your Demat Account: November 28, 2024
• IPO Listing Date: November 29, 2024
• Listing on Exchange: NSE and BSE

Enviro Infra Engineers IPO Details

Enviro Infra Engineers IPO valuation is set at ₹650 crores with both the fresh issue and offer for sale.

Here are the key details of Enviro Infra Engineers Limited IPO:

• Enviro Infra Engineers IPO Price Band: ₹140 to ₹148 per share
• Face Value: ₹10 per share
• Lot Size: 101 Shares
• Total Issue Size and Amount: 4,39,48,000 shares (amounting to ₹650.43 crores)
• Fresh Issue Size and Amount: 3,86,80,000 shares (amounting to ₹572.46 crores)
• Offer for Sale and Amount: 52,68,000 shares of ₹10 (amounting to ₹77.97 crores)

Enviro Infra Engineers IPO Proceeds Usage

Enviro Infra Engineers Limited IPO proceeds can be used for the following purposes:

• ₹181 crores to fulfill working capital requirements.
• ₹120 crores for re-payment or pre-payment of certain outstanding loans.
• ₹30 crores to be invested in the EIEL Mathura Infra Engineers Private Limited (subsidiary). This will be used for building a 60 MLD STP under the “Mathura Sewerage Scheme” project at Mathura, Uttar Pradesh through a Hybrid Annuity-Based PPP Mode.
• Remaining for funding the acquisition and general corporate purposes.

Enviro Infra Engineers IPO Reservations

Enviro Infra Engineers IPO reservations to different investors are:

• For QIBs: Not more than 50% of the net offer
• For NIIs: Not less than 15% of the offer
• For Retail Investors: Not more than 35% of the offer

Enviro Infra Engineers IPO Lot Size

Enviro Infra Engineers IPO lot size is 101 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:

Applicant Type	Lot Size	Shares	Amount (in ₹)
Retail (Min)	1	101	₹14,948
Retail (Max)	13	1,313	₹1,94,324
S-HNI (Min)	14	1,414	₹2,09,272
S-HNI (Max)	66	6,666	₹9,86,568
B-HNI (Min)	67	6,767	₹10,01,516

Enviro Infra Engineers IPO: Promoter Holding

The current promoters and selling shareholders of Enviro Infra Engineers Limited are:

• Sanjay Jain
• Manish Jain
• Ritu Jain
• Shachi Jain

Enviro Infra Engineers Limited: Company Overview

Enviro Infra Engineers Limited is involved in the business of designing, constructing, and maintaining Water and Wastewater Treatment Plants (WWTP) and Water Supply Scheme Projects (WSSP) for government bodies. The company acquires the projects through bidding of tenders issued by state governments.

As of Q1 of FY25, the company has developed 28 WWTPs and WSSPs across India in the last seven years. The current order book includes the 21 WWTPs and WSSPs.

The company’s key strengths are – in-house designing, engineering, and execution team, a diversified order book, an established track record, usage of advanced technology, and consistent earnings performance.

Enviro Infra Engineers Limited IPO: Financial Metrics

Enviro Infra Engineers Limited’s key financials for different periods are as follows:

Particulars	June 30, 2024	March 31, 2024	March 31, 2023	YoY Change
Revenue from operations	205.18	728.92	338.10	115.59%
PAT	30.78	110.54	54.98	101.05%
EBITDA	51.28	169.32	81.69	107.27%
Net Worth	323.00	292.18	126.51	130.95%
Total Borrowing	305.59	233.59	64.54	261.93%
Assets	812.87	761.19	347.58	119.00%
Order Book	1,906.28	2,125.59	1,496.69	42.02%

*(in ₹ crores)

• Enviro Infra Engineers Limited’s revenue and PAT have increased by 116% and 101%, respectively in FY24 on a year-on-year basis.
• EBITDA has grown by 107% while net worth rose by 131% from FY23 to FY24.
• Assets jumped 119% while order book grew by 42% YoY reflecting the strong performance.

Competitor Analysis of Enviro Infra Engineers Limited IPO

The comparison of Enviro Infra Engineers Limited’s performance with its peers in the same industry is as follows:

Particulars	Enviro Infra Engineers Limited	EMS Limited	ION Exchange Limited	Va Tech Wabag Limited	Vishnu Prakash R Punglia Limited
EBITDA Margin (%)	23.23%	25.70%	11.65%	13.19%	14.24%
PAT Margin (%)	15.17%	19.21%	8.34%	8.60%	8.29%
Debt Equity Ratio	0.80	0.002	0.04	0.11	0.55
Return on Net Worth (%)	37.83%	19.09%	19.23%	13.50%	16.95%
EPS (Basic in ₹)	₹8.13	₹29.38	₹16.53	₹39.49	₹10.95

*(For FY24 ending)

• Enviro Infra Engineers Limited’s EBITDA and PAT margins are the second-highest in the industry reflecting its positive performance.
• Debt-equity ratio is less than 1 while RoNW is the highest among the peers which is a positive sign.
• EPS is the lowest at ₹8.13 meaning less earnings on each share.

Risk Factors in Enviro Infra Engineers IPO

The risk factors that the Enviro Infra Engineers Limited is exposed to are as follows:

1. The business is dependent on Government funding on the waste and water treatment projects and any reduction in allocation can affect the company.
2. Risk of not being able to qualify or win future projects awarded by government authorities.
3. Dependency on employees working on in-house designing, engineering, and construction teams.
4. Heavy reliance on working capital and any downfall in cash flows can impact operations.
5. Failure of a joint venture to fulfill its obligations exposes the company to additional risks and obligations.
6. The risk of continuation of negative cash flows in the future can affect the operations and growth plans of the company.

Enviro Infra Engineers Limited IPO Contact Information

For inquiries related to the Enviro Infra Engineers IPO details, you can contact at the following places:

Registered Office Address: Unit No 201, Second Floor, Plot No. B, CSC/OCF-01, RG Metro Arcade, Sector -11, Rohini, Delhi North West 110085, India
Email: cs@eiepl.in
Company Website: http://www.eiel.in/

Enviro Infra Engineers IPO Registrar Details:

Registrar Name: Bigshare Services Private Limited
Phone: 91 22 6263 8200
Email: ipo@bigshareonline.com

For all the insights on Enviro Infra Engineers IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.

FAQs

1. What is the size of Enviro Infra IPO?

Enviro Infra IPO size is ₹650.43 crores and includes both the fresh issue and OFS.

2. Who is the director of Enviro Infra Engineers Pvt Ltd?

Sanjay Jain is the Chairman and whole-time Director of Enviro Infra Engineers Pvt Ltd.

3. What is the turnover of Enviro Infra Engineers Limited?

The turnover of Enviro Infra Engineers Limited was ₹400 crores in 2023.

References
https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=3&ssid=15&smid=11

SMC Global Securities Research Team

Author: All Content is verified by SMC Global Securities.