Enviro Infra IPO Details: The Enviro Infra IPO is set to open on November 22, 2024, and will close on November 26, 2024. This IPO follows a Book Built Issue format, aiming to raise approximately ₹650 crores. The offer includes a fresh issue of ₹572 crores and an offer for sale of up to 52,68,000 equity shares, each with a face value of ₹10.
The price band for the Enviro Infra IPO is set between ₹140 and ₹148 per share. The allocation breakdown is 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The IPO is scheduled to be listed on both BSE and NSE on November 29, 2024, with the allotment date set for November 27, 2024.
In terms of financial performance, the company reported a revenue of ₹338.10 crores in 2023, up from ₹223.53 crores in 2022. Profits also saw an increase, with ₹55.34 crores in 2023 compared to ₹34.55 crores in 2022. Based on these financials, the IPO is considered a good opportunity for long-term investors.
Enviro Infra IPO Objectives:
- To meet the Working Capital Requirements;
- 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;
- Repayment/prepayment in full or in part, of certain of our outstanding borrowings; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Enviro Infra IPO Review (Apply or Not)
- May Apply
Enviro Infra IPO Date & Price Band Details:
| IPO Open Date: | 22 November 2024 |
| IPO Close Date: | 26 November 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹140 to ₹148 Per Share |
| Issue Size: | Approx. ₹650 Crores 43,948,000 shares |
| Fresh Issue: | Approx. ₹572 Crores 38,680,000 shares |
| Offer for Sale: | Approx 52,68,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| EMP Discount: | ₹13 Per Equity Share |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Enviro Infra IPO Lot Size:
The minimum market lot for the Enviro Infra IPO is 101 shares, requiring an application amount of ₹14,948. Retail investors have the option to apply for up to 13 lots, totaling 1,313 shares, with a maximum investment of ₹1,94,324.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 101 | ₹14,948 |
| Retail Maximum | 13 | 1,313 | ₹1,94,324 |
| S-HNI Minimum | 14 | 1,414 | ₹2,09,272 |
| B-HNI Minimum | 67 | 6,767 | ₹10,01,516 |
Enviro Infra IPO Timeline:
The Enviro Infra IPO will open on November 22, 2024, and close on November 26, 2024. The allotment of shares is set to be finalized on November 27, 2024, with the listing scheduled for November 29, 2024.
| IPO Open Date: | 22 November 2024 |
| IPO Close Date: | 26 November 2024 |
| Basis of Allotment: | 27 November 2024 |
| Refunds: | 28 November 2024 |
| Credit to Demat Account: | 28 November 2024 |
| IPO Listing Date: | 29 November 2024 |
Enviro Infra IPO GMP Today:
The latest Grey Market Premium (GMP) for the Enviro Infra Engineers IPO stands at ₹29. Given the upper price band of ₹148, the estimated listing price is around ₹177 (cap price plus today’s GMP). This suggests a potential gain of approximately 19.59% per share.
Promoters of Enviro Infra IPO
The company’s promoters are Mr. Sanjay Jain, Mr. Manish Jain, Mrs. Ritu Jain, and Mrs. Shachi Jain.
About Enviro Infra IPO
Founded in 2009, Enviro Infra Private Limited specializes in constructing water and wastewater treatment facilities. The company focuses on developing water, sewage, and common effluent treatment plants for both government and industrial clients, addressing essential water management needs. Over the last seven years, Enviro Infra has completed 26 wastewater treatment plants and water supply projects across India, including 20 projects with a capacity of 10 million liters per day (MLD) or higher.
The company’s financial performance is solid, with revenue reaching ₹428.25 crores for the first nine months of 2024. Previous fiscal year revenues were ₹338.10 crores in 2023, ₹223.53 crores in 2022, and ₹124.12 crores in 2021. Additionally, the company’s EBITDA stood at 24.16% last year, reflecting a stable financial position.
Enviro Infra IPO Company Financial Report
The company reported revenue of ₹338.10 crores in 2023 against ₹223.53 crore in 2022. The company reported Profit of ₹55.34 crores in 2023 against Profit of ₹34.55 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹124.12 | ₹114.54 | ₹8.61 | ₹112.13 |
| 2022 | ₹223.53 | ₹179.55 | ₹34.55 | ₹148.27 |
| 2023 | ₹338.10 | ₹267.07 | ₹55.34 | ₹347.59 |
| December 2023 | ₹428.57 | ₹362.53 | ₹51.88 | ₹519.78 |
Enviro Infra IPO Valuation – FY2023
Check Enviro Infra IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | 24.16% |
| PAT Margin: | 16.26% |
| Debt to equity ratio: | 0.51 |
| Earning Per Share (EPS): | ₹4.29 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 43.46% |
| Net Asset Value (NAV): | ₹9.88 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| EMS Limited | 23.16 | 24.03 | 21.94 | 104.41 | 543.28 Cr. |
| ION Exchange Limited | 16.60 | 30.87 | 23.35 | 70.31 | 2,030.68 Cr. |
| Va Tech Wabag Limited | 2.07 | 565.43 | 2.28 | 253.24 | 3,014.08 Cr. |
| Vishnu Prakash R Punglia Limited | 10.41 | 18.81 | 29.03 | 33.66 | 1,171.46 Cr. |
Enviro Infra IPO Registrar
Bigshare Services Pvt. Ltd.
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Andheri (East), Mumbai – 400 093
Phone: +91 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Enviro Infra Engineers Limited
Unit No 201, Second Floor, Plot No. B, CSC/OCF01,
RG Metro Arcade, Sector -11, Rohini, Delhi North West- 110085
Phone: +91 11 4059 1549
Email: cs@eiepl.in
Website: www.eiepl.in
Enviro Infra IPO FAQs
What is the Enviro Infra IPO?
Enviro Infra IPO is a main-board IPO, aiming to raise ₹650 crores. The price range is set between ₹140 and ₹148 per equity share, with the IPO scheduled to be listed on both BSE and NSE.
When will the Enviro Infra IPO open for subscription?
The IPO opens for subscription on November 22, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. The subscription period will close on November 26, 2024.
What is the investor allocation for the Enviro Infra IPO?
The investor allocation is divided as follows: 50% for QIB, 15% for NII, and 35% for Retail Investors.
How can you apply for the Enviro Infra IPO?
You can apply for the Enviro Infra IPO online through ASBA using your bank account or via UPI through your stockbroker. Alternatively, you can apply offline by filling out a form with your stockbroker.
What is the issue size of the Enviro Infra IPO?
The total issue size of the Enviro Infra IPO is ₹650 crores.
What is the price band for the Enviro Infra IPO?
The price band for the Enviro Infra IPO is set between ₹140 and ₹148 per share.
What is the lot size for the Enviro Infra IPO?
The minimum bid lot size is 101 shares, requiring an investment of ₹14,948.
When is the allotment date for the Enviro Infra IPO?
The allotment of shares is scheduled for November 27, 2024.
When is the Enviro Infra IPO listing date?
The IPO is set to list on November 29, 2024, on both the BSE and NSE.
