Enviro Infra Engineers is set to launch its IPO with a total issue size of ₹650.43 crores. This Enviro Infra IPO offering includes a fresh issue of 3.87 crore shares, aggregating to ₹572.46 crores, and an offer for sale (OFS) of 0.53 crore shares, amounting to ₹77.97 crores. The IPO opened for subscription on November 22, 2024, and will remain open until November 26, 2024. The allotment of shares is expected to be finalized on November 27, 2024, with the company’s listing anticipated on the BSE and NSE on November 29, 2024.
Enviro Infra IPO Overview
The price band for the IPO is set at ₹140 to ₹148 per share, with a minimum lot size of 101 shares. Retail investors can participate with a minimum investment of ₹14,948. For small non-institutional investors (sNII), the minimum investment requirement is ₹209,272, corresponding to 14 lots (1,414 shares). Meanwhile, big non-institutional investors (bNII) need to invest at least ₹1,001,516 for 67 lots (6,767 shares). Additionally, the IPO includes a reservation of up to 100,000 shares for employees at a discounted rate of ₹13 per share below the issue price. This IPO presents an attractive opportunity for investors across categories to participate in a promising growth-driven company.
| IPO Date | November 22, 2024 to November 26, 2024 |
|---|---|
| Listing Date | 29th November 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹148 per share |
| Lot Size | 101 Shares |
| Total Issue Size | 43,948,000 shares |
| (aggregating up to ₹650.43 Cr) | (aggregating up to ₹650.43 Cr) |
| Fresh Issue | 38,680,000 shares |
| (aggregating up to ₹572.46 Cr) | (aggregating up to ₹572.46 Cr) |
| Offer for Sale | 5,268,000 shares of ₹10 |
| (aggregating up to ₹77.97 Cr) | (aggregating up to ₹77.97 Cr) |
| Employee Discount | Rs 13 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 136,850,000 |
| Share holding post issue | 175,530,000 |
Enviro Infra Engineers specializes in the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs), catering primarily to government bodies and authorities. Within the WWTP segment, the company offers Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs). The WSSP segment includes Water Treatment Plants (WTPs), pumping stations, and the laying of pipelines for water supply (collectively referred to as “Projects”). These initiatives are partially funded by central government schemes and fully supported under the National Mission for Clean Ganga.
As of June 30, 2024, Enviro Infra Engineers has successfully developed 28 WWTPs and WSSPs over the past seven years. The company’s order book stands at an impressive ₹1,90,628.06 lakhs, reflecting its robust project pipeline.
Key Strengths of Enviro Infra Engineers IPO:
- Comprehensive In-House Expertise: A skilled in-house team for project design, engineering, and execution.
- Strategic Geographic Presence: An established footprint in existing regions complemented by new projects.
- Diversified Order Book: A well-distributed portfolio of projects across India.
- Technological Leadership: Advanced technology in the construction and installation of WWTPs and WSSPs.
- Experienced Leadership: A team of seasoned promoters and managers driving growth.
- Strong Financial Performance: A proven track record of consistent financial results.
Enviro Infra Engineers IPO
The Enviro Infra Engineers IPO commenced on November 22, 2024, and is scheduled to close on November 26, 2024.
| IPO Open Date | Friday, November 22, 2024 |
|---|---|
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Wednesday, November 27, 2024 |
| Initiation of Refunds | Wednesday, November 27, 2024 |
| Credit of Shares to Demat | Thursday, November 28, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
Lot Size
The lot size for the Enviro Infra Engineers IPO requires investors to place a bid for a minimum of 101 shares, with bids increasing in multiples of 101. The table below outlines the minimum and maximum investment limits for retail investors and High Net Worth Individuals (HNIs) in terms of both shares and investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 101 | ₹14,948 |
| Retail (Max) | 13 | 1313 | ₹194,324 |
| S-HNI (Min) | 14 | 1,414 | ₹209,272 |
| S-HNI (Max) | 66 | 6,666 | ₹986,568 |
| B-HNI (Min) | 67 | 6,767 | ₹1,001,516 |
Enviro Infra Engineers IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,31,54,400 (29.93%) | NA |
| QIB Shares Offered | 87,69,600 (19.95%) | NA |
| NII (HNI) Shares Offered | 65,77,200 (14.97%) | |
| bNII > ₹10L | 43,84,800 (9.98%) | 3,100 |
| sNII < ₹10L | 21,92,400 (4.99%) | 1,550 |
| Retail Shares Offered | 1,53,46,800 (34.92%) | 1,51,948 |
| Employee Shares Offered | 1,00,000 (0.23%) | NA |
| Total Shares Offered | 4,39,48,000 (100%) |
Enviro Infra Engineers IPO Details:
- Incorporation Year: 2009
- Sector: Water Supply & Management
- IPO Issue Size: ₹650.43 crores
- Website: www.eiel.in
Objectives of the IPO:
The proceeds from the fresh issue will be utilized for the following purposes:
- To meet working capital requirements.
- Infusion of funds into the subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura), for the construction of a 60 MLD STP under the Mathura Sewerage Scheme in Uttar Pradesh via a Hybrid Annuity-Based PPP model.
- Repayment/prepayment of certain outstanding borrowings.
- To fund inorganic growth through acquisitions and general corporate purposes.
This IPO positions Enviro Infra Engineers as a significant player in the water infrastructure sector, underpinned by its technological edge, diverse project portfolio, and strong financial foundation.
Enviro Infra Engineers IPO GMP
The Grey Market Premium (GMP) for the Enviro Infra Engineers IPO has begun tracking for the past two sessions. While it is still early to ascertain a clear trend in the GMP, daily updates are being provided to keep investors informed. Stay tuned for the latest GMP insights, analysis, and updates on the expected listing price of the Enviro Infra Engineers IPO. Regular monitoring of the GMP can offer valuable indications about market sentiment and the anticipated performance of the stock upon listing.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 26-11-2024 Close | 148.00 | ₹48 Todays Movement - GMP No Change | 3700/51800 | ₹196 (32.43%) | 26-Nov-2024 11:31 |
| 25-11-2024 | 148.00 | ₹48 Todays Movement - GMP Down | 3700/51800 | ₹196 (32.43%) | 25-Nov-2024 21:31 |
| 24-11-2024 | 148.00 | ₹52 Todays Movement - GMP No Change | 4000/56000 | ₹200 (35.14%) | 24-Nov-2024 20:31 |
| 23-11-2024 | 148.00 | ₹52 Todays Movement - GMP Up | 4000/56000 | ₹200 (35.14%) | 23-Nov-2024 2:32 |
| 22-11-2024 Open | 148.00 | ₹41 Todays Movement - GMP Up | 3100/43400 | ₹189 (27.7%) | 22-Nov-2024 12:29 |
| 21-11-2024 | 148.00 | ₹38 Todays Movement - GMP Up | 2900/40600 | ₹186 (25.68%) | 21-Nov-2024 23:23 |
| 20-11-2024 | 148.00 | ₹32 Todays Movement - GMP Up | 2500/35000 | ₹180 (21.62%) | 20-Nov-2024 22:24 |
| 19-11-2024 | 148.00 | ₹22 Todays Movement - GMP Up | 1700/23800 | ₹170 (14.86%) | 19-Nov-2024 22:27 |
| 18-11-2024 | 148.00 | ₹17 Todays Movement - GMP Up | 1300/18200 | ₹165 (11.49%) | 18-Nov-2024 22:27 |
| 17-11-2024 | ₹0 Todays Movement - GMP No Change | -- | ₹ (0%) | 17-Nov-2024 15:32 |
Enviro Infra Engineers IPO Anchor Investors Details
| Bid Date | November 21, 2024 | Bid Date | November 21, 2024 |
|---|---|---|---|
| Shares Offered | 13,154,400 | Shares Offered | 13,154,400 |
| Anchor Portion Size (In Cr.) | 194.69 | Anchor Portion Size (In Cr.) | 194.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 27, 2024 | Anchor lock-in period end date for 50% shares (30 Days) | December 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 25, 2025 | Anchor lock-in period end date for remaining shares (90 Days) | February 25, 2025 |
Key Performance Indicator
The market capitalization of Enviro Infra Engineers IPO stands at ₹2,597.84 crore, based on key performance indicators (KPIs) as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 51.68% |
| ROCE | 32.34% |
| Debt/Equity | 0.8 |
| RoNW | 37.83% |
| P/BV | 6.89 |
| PAT Margin (%) | 15.17 |
Conclusion
Enviro Infra Engineers IPO presents a strong investment opportunity in the water management sector, backed by a robust order book, proven expertise, and a focus on sustainable infrastructure. With proceeds directed towards growth, debt reduction, and key projects under the National Mission for Clean Ganga, the company is well-positioned for expansion. Stay updated on GMP trends and listing price expectations for further insights.