IPO Issue Details
Issue Price / Price Band₹148 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size101 Shares per Lot
Total Issue Size4,39,48,000 shares (aggregating up to ₹650.30 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 22 Nov 2024
Subscription CloseTue, 26 Nov 2024
Anchor AllotmentThu, 21 Nov 2024
Basis of AllotmentWed, 27 Nov 2024
Initiation of RefundsWed, 27 Nov 2024
Credit of Shares to DematThu, 28 Nov 2024
Listing DateFri, 29 Nov 2024
UPI Mandate Deadline2024-11-26
Application & Investment Details
Retail — Min (1 Lots)₹14,948 — 101 shares
Retail — Max (13 Lots)₹194,324 (13 Lots)
HNI — Min (14 Lots)₹2,09,272 — 1,414 shares
EPS (Pre-IPO)₹8.08
EPS (Post-IPO)₹7.01
P/E Ratio (Pre-IPO)18.32x
P/E Ratio (Post-IPO)21.1x
Pre-IPO Promoter Holding13,68,50,000 shares
Post-IPO Promoter Holding17,55,30,000 shares
Fresh Issue Shares3,86,80,000 shares (aggregating up to ₹572.35 Cr)
Offer for Sale Shares52,68,000 shares of ₹10 (aggregating up to ₹77.95 Cr)
About Enviro Infra Engineers Ltd.
Enviro Infra Engineers Limited was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and the laying of pipelines for water supply.The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till June 30, 2024, the Company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.Competitive strengths:In-house design, engineering, and execution team.Growing presence in existing regions with new projects.Diversified order book of projects across India.In-house execution capabilities with on-time delivery and an established track record of consistently increasing eligibility for high-value project tenders.Use of advanced technologies in the construction and installation of WWTPs or WSSPs.Experienced promoters and senior management team.Consistent financial performanceThe company has an in-house team for designing, engineering, and construction. The company has a team of 180 engineers supported by external consultants and industry experts.
Objects of the Issue
Enviro Infra Engineers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet the Working Capital Requirements;
2
Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura) to build 60 MLD STP under the project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode;
3
Repayment/prepayment in full or in part, of certain of our outstanding borrowings; and
4
Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
13,68,50,000 shares
Post-IPO Promoter Holding
17,55,30,000 shares
Lock-in Period (30%)December 27, 2024
Lock-in Period (50%)February 25, 2025