Enviro Infra Engineers IPO

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22nd – 26th Nov 2024
29 Nov 2024
₹140 – ₹148
Lot size 101 — ₹14948
650cr

Schedule of Enviro Infra Engineers

Issue open date 22 Nov 2024
Issue close date 26 Nov 2024
UPI mandate deadline 26 Nov 2024 (5 PM)
Allotment finalization 27 Nov 2024
Refund initiation 27 Nov 2024
Share credit 28 Nov 2024
Listing date 29 Nov 2024
Mandate end date 11 Dec 2024
Lock-in end date for anchor investors (50%) 27 Dec 2024
Lock-in end date for anchor investors (remaining) 25 Feb 2025

Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.

About Enviro Infra Engineers

Enviro Infra Engineers specializes in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities, including Zero Liquid Discharge (ZLD) compliant facilities. Their projects are funded under Central and State Government schemes like AMRUT, NMCG, and JJM, and they bid for tenders on an EPC or HAM basis. With 28 successful projects over the past seven years and a ₹1,90,628.06 lakh order book as of June 30, 2024, they also partner with other companies for joint project execution. Supported by a skilled in-house team of 180 engineers, they handle all aspects of project design, construction, and maintenance. Focused on sustainable development, they integrate solar power and Compressed Bio Gas (CBG) plants into projects, contributing to renewable energy and reduced carbon footprints, with 7 out of 21 ongoing projects aligned with these initiatives.


Financials of Enviro Infra Engineers


Issue size

Funds Raised in the IPO Amount
Overall ₹650.43 crores
Fresh Issue ₹572.46 crores
Offer for sale ₹77.97 crores

Utilisation of proceeds

Purpose INR crores (%)
Working Capital Requirements 181 (31.62%)
Infusion of funds in subsidiary 30 (5.24%)
Repayment/prepayment of outstanding borrowings 120 (20.96%)
General corporate purposes 241.46 (42.18%)

Strengths

  • Expertise in Zero Liquid Discharge water and wastewater treatment projects.
  • Strong order book backed by 28 completed large-scale projects as of June 30, 2024.
  • Sustainability focus with solar power and bio-gas integration in operations.
  • In-house team of 180 engineers ensures quality and minimizes third-party dependency.

Risks

  • Dependence on government contracts risks delays, cancellations, or low approvals.
  • High debt reliance may strain financial stability and profitability.
  • Early-stage bio-gas and renewable energy projects face execution and adoption risks.
  • Regulatory non-compliance could harm operations and reputation.

Subscription Figures for Enviro Infra Engineers

Subscription numbers as of 5:00 PM on 22 Nov 2024:

Category Shares Reserved Shares Bid Subscription (No. of times)
Qualified Institutional Buyers (QIBs) 87,69,600 1,04,45,016 1.19
Non Institutional Investors 65,77,200 1,02,56,752 1.56
Retail Individual Investors (RIIs) 1,53,46,800 1,13,98,860 0.74
Employees 1,00,000 1,24,533 1.25
Total 3,07,93,600 3,22,25,161 1.05