Enviro Infra Engineers’ IPO opens for subscription on 22 November 2024 with a fixed band price range of Rs. 140 to Rs. 148. This IPO combines a fresh issue of 3.87 crore shares and an offer for sale of 52.68 lakh shares, which aggregate to Rs. 572.46 crore and Rs. 77.97 crore, respectively.
The IPO closes on 26 November 2024 and will be listed on the BSE & NSE on 29 November 2024. Investors can only bid for a minimum of 101 shares, which would amount to Rs. 14,948. The issue also has a reservation of up to 100,000 shares for the employees at a discount of Rs. 13 from the issued price.
Current trends indicate that the GMP of the company is around Rs. 22, ahead of the launch of the IPO. This is around a 15% premium over the issued price.
Enviro Infra Engineers IPO Details
| Description | Details |
| IPO Opening Date | 22 November 2024 |
| IPO Closing Date | 26 November 2024 |
| Listing Date | 29 November 2024 |
| Lot Size | 101 Shares |
| Price Band | Rs. 140 to Rs. 148 per share |
| Face value | Rs. 10 per share |
| Listing Platform | BSE, NSE |
| Fresh Issue | 3.87 Crore Shares (Aggregating to Rs. 572.46 crores) |
| Offer for Sale | 52.68 Lakh Shares (Aggregating to Rs. 77.97 Crores) |
About Enviro Infra Engineers Limited
Enviro Infra Engineers Limited was established in 2009. The company designs, constructs, operates, and maintains water and water-waste plants and water supply projects for the government.
It participates in state government and urban local body tenders for developing water-waste treatment plants and water supply projects. By 30 June 2024, the company had developed around 28 waste-water treatment plants and water supply projects all over the country. In addition, it has developed 22 projects of 10 MLD capacity and above.
Strengths Of Enviro Infra Engineers Limited
- It has an in-house team for design, engineering, and execution.
- They also have experienced promoters and a senior management team.
- The company uses advanced technologies to construct and install waste-water treatment plants and water supply projects.
Risks Of Enviro Infra Engineers Limited
- This highly competitive sector requires constant technological innovation and cost optimization to maintain a competitive edge.
- Any regulatory or environmental challenges can impact the execution and profitability of projects.
- A huge portion of the revenue is made through government sectors, which can be harmed easily by changes in policies of the government.
Enviro Infra Engineers Financials
| Financial Metric | FY22 | FY23 | FY24 | 30 June 2024 |
| Total Assets (Rs. Crore) | 148.27 | 347.58 | 761.19 | 812.87 |
| Revenue (Rs. Crore) | 225.62 | 341.66 | 738.00 | 207.46 |
| Profit After Tax (Rs. Crore) | 34.55 | 54.98 | 110.54 | 30.78 |
| Net Worth (Rs. Crore) | 71.62 | 126.51 | 292.18 | 323.00 |
Enviro Infra Engineers IPO Reservation
| Investor Category | Allocation |
| QIB Shares | Not more than 50.00% |
| Retail Shares | Not less than 35.00% |
| NII (HNI) Shares | Not less than 15.00% |
Should You Invest In Enviro Infra Engineers IPO
The IPO of Enviro Infra Engineers presents a great opportunity to invest in a sector that is growing at a faster rate. Over the years, the company has demonstrated strong financial and operational performance. All these, combined with the proven track record of the company show a significant growth potential. However, investors should take into account the risk associated with the company before investing.