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Enviro Infra Engineers IPO: Key Dates, Price, and All You Need to Know
Introduction
Enviro Infra Engineers Limited, a prominent name in designing and operating water and wastewater treatment plants, is all set to launch its IPO. With a strong foothold in essential infrastructure for government entities, this IPO provides an opportunity to invest in a growing sector with increasing demand for sustainable water solutions. In this article, we’ll cover everything you need to know about the Enviro Infra Engineers IPO, including key details, financial performance, and investment considerations.
Key Details of Enviro Infra Engineers IPO
Details | Description |
---|---|
IPO Size | ₹650.43 crores |
Fresh Issue | ₹572.46 crores (3.87 crore shares) |
Offer for Sale | ₹77.97 crores (0.53 crore shares) |
Price Band | ₹140 - ₹148 per share |
Minimum Lot Size | 101 shares per lot |
Minimum Investment (Retail) | ₹14,948 |
sNII Minimum Investment | 14 lots (1,414 shares) - ₹209,272 |
bNII Minimum Investment | 67 lots (6,767 shares) - ₹1,001,516 |
Employee Reservation | 100,000 shares at a ₹13 discount to the issue price |
Listing on | BSE, NSE |
Enviro Infra Engineers IPO Dates
- Opening Date: November 22, 2024
- Closing Date: November 26, 2024
- Allotment Date: November 27, 2024
- Listing Date: November 29, 2024
About Enviro Infra Engineers Limited
Established in 2009, Enviro Infra Engineers specializes in designing, constructing, and operating water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs). Their portfolio includes sewage treatment plants (STPs), water treatment plants (WTPs), and complex pipeline systems. With government projects driving the company’s growth, Enviro Infra Engineers plays a vital role in India’s water infrastructure development.
Financial Performance
Enviro Infra Engineers has showcased steady financial growth over the years, reflecting the increasing demand for its services.
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Revenue (₹ cr) | 207.46 | 738.00 | 341.66 | 225.62 |
Profit After Tax (₹ cr) | 30.78 | 110.54 | 54.98 | 34.55 |
Borrowings (₹ cr) | 305.59 | 233.59 | 64.54 | 18.11 |
Key Growth Highlights:
- Revenue Growth: 116% growth in revenue between FY 2023 and FY 2024.
- Profit Growth: 101% growth in profit after tax during the same period.
- Borrowings: The company's borrowings have increased to fund its expanding projects, which may impact profitability but also reflects its aggressive growth strategy.
Enviro Infra Engineers IPO Reservation
Investor Category | Shares Offered |
---|---|
Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Offer |
Retail Individual Investors (RII) | Not less than 35% of the Net Issue |
Non-Institutional Investors (NII) | Not less than 15% of the Net Issue |
Employee Reservation | Up to 100,000 shares |
Objectives of the Enviro Infra Engineers IPO
The company plans to use the IPO proceeds for the following:
- Working Capital Requirements: To meet the operational needs of its expanding project portfolio.
- Investment in Subsidiary: Funding its subsidiary, EIEL Mathura Infra Engineers, for a 60 MLD STP project under the Mathura Sewerage Scheme in Uttar Pradesh.
- Repayment of Borrowings: Reducing the company’s debt burden to improve financial health.
- Inorganic Growth: Allocating funds for potential acquisitions to expand its market presence.
- General Corporate Purposes: Supporting miscellaneous business activities.
Investment Considerations
Why Consider Investing?
- Essential Sector: Water treatment and infrastructure are critical to India’s sustainable development goals.
- Proven Track Record: Strong financial growth and a growing project pipeline.
- Government-Driven Growth: The company benefits from a stable client base comprising government agencies.
- Employee Discount: Employees can benefit from a ₹13 discount on the issue price.
What to Watch Out For?
- Capital Intensive: The company’s reliance on borrowings may impact profitability in the short term.
- Project Risks: Delays in large government projects could affect revenue realization.
- Competition: The infrastructure sector is competitive, with several established players.
Frequently Asked Questions (FAQs) About Enviro Infra Engineers IPO
Q1: What is the Enviro Infra Engineers IPO date?
The IPO opens on November 22, 2024, and closes on November 26, 2024.
Q2: What is the price band for Enviro Infra Engineers IPO?
The IPO price band is ₹140 to ₹148 per share.
Q3: What is the minimum investment for retail investors in Enviro Infra Engineers IPO?
Retail investors must invest a minimum of ₹14,948 for one lot (101 shares).
Q4: How is the IPO structured?
The IPO includes a fresh issue of ₹572.46 crores and an offer for sale of ₹77.97 crores.
Q5: What is the Enviro Infra Engineers IPO allotment date?
The allotment is expected to be finalized on November 27, 2024.
Q6: What are the funds raised through the IPO used for?
Proceeds will be used for working capital, reducing borrowings, funding a key subsidiary project, and potential acquisitions.
Q7: When will Enviro Infra Engineers IPO be listed?
The company is expected to list on BSE and NSE on November 29, 2024.
Conclusion
Enviro Infra Engineers IPO presents a compelling opportunity to invest in a company driving essential water infrastructure projects in India. With strong financial growth, a clear strategy for future expansion, and a focus on sustainability, it could appeal to investors looking for long-term growth in the infrastructure sector. However, it’s crucial to weigh the risks alongside the potential rewards before making your investment decision.
Explore More: Check out our Upcoming IPO Guide and Tips for Investing in IPOs to make informed choices in the stock market.