Enviro Infra Engineers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹148
Per ShareLot Size
101 Shares
Minimum Investment
₹14,948
Issue Size
₹650.43 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Enviro Infra Engineers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
93.66%
Promoter Holding (Post-Issue)
69.98%
Issue Type
Book Building
ISIN
INE0LLY01014
About the Company
We are in the business of designing, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) alongwith pumping stations and laying of pipelines for supply of water (collectively, "Projects"). The treatment process installed at most of the STPs and CETPs is Zero Liquid Discharge (ZLD) compliant and the treated water can be used for horticulture, washing, refrigeration and other process industries.
Industry Overview
The Global Water and Wastewater Treatment market is expected to grow at a CAGR of 6.10% in terms of value to reach USD 521.97 Billion in 2033 from USD 306.332 Billion in 2024. India accounts for 2.45% of land area and 4% of water resources of the world but represents 16% of the world population. With the present population growth-rate (1.9% per year), the population is expected to cross the 1.5 billion mark by 2050. The trend of urbanization in India is exerting stress on civic authorities to provide basic requirement such as safe drinking water, sanitation, and infrastructure. The rapid growth of population has exerted the portable water demand, which requires exploration of raw water sources, developing treatment and distribution systems.
Company History
Our Company was originally incorporated as `Enviro Infra Engineers Private Limited' a private limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated June 19, 2009 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter on April 1, 2010, our Company took over the business of partnership firm, M/s Enviro Engineers. Thereafter, name of our Company was changed from `Enviro Infra Engineers Private Limited' to `Enviro Infra Engineers Limited' consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on July 19, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi ("RoC") on August 8, 2022.
Growth Strategy
- Increasing the size of projects and our pre-qualification.
- Expansion of our geographical footprint.
- Plan to further bid for HAM projects.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 4,39,48,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Enviro Infra Engineers Limited ("The Company" or "Issuer") for cash at a price of Rs. 148 per equity share (including a premium of Rs. 138 per equity share) ("Offer Price") aggregating up to Rs. 650.30 crores ("Offer"). The offer comprises a fresh issue of up to 3,86,80,000 equity shares aggregating up to Rs. 572.35 crores ("Fresh Issue") and an offer for sale of up to 21,34,000 equity shares aggregating up to Rs. 31.58 croress by Sanjay Jain, up to 21,34,000 equity shares aggregating up to Rs. 31.58 crores by Manish Jain, up to 5,00,000 equity shares aggregating up to Rs. 7.40 crors by Ritu Jain and , up to 5,00,000 equity shares aggregating up to Rs. 7.40 crores by Shachi Jain (collectively, "Promoter Selling Shareholders" and such offer for sale by the promoter selling shareholders, "Offer for Sale"). The offer includes a reservation of up to 1,00,000 equity shares, aggregating up to Rs. 1.35 crores constituting up to 0.06% of the post-offer paid-up equity share capital, for subscription by eligible employees ("Employee Reservation Portion"). The company may, in consultation with the brlm, offer a discount equivalent of Rs. 13 per equity share to the eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer shall constitute 25.04 % and 24.98 % of the post-offer equity share capital of the company. The face value of the equity share is Rs. 10 each. The issue price is. 14.8 times of the face value of the equity shares. A discount of Rs. 13 per equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- In house designing, engineering and execution team 180 engineers.
- Increasing presence in existing geographies such as Gujarat, Rajasthan, Punjab, Karnataka, Haryana, Uttar Pradesh, Madhya Pradesh and Chhattisgarh with new projects.
- Diversified Order Book of 21 projects across India for an aggregate value of Rs.1,90,628.06 lakhs as of June 30, 2024 across India.
- In-house execution capabilities with timely delivery and established track record enabling consistent increase in eligibility for high value project tenders
- Use of advanced technologies in the construction and installation of WWTPs and WSSPs.
- The company bid for Water and Wastewater Treatment Plants (WWTPs) & Water Supply Scheme Projects (WSSPs) funded by the Central and State Governments and derives the company revenues from the contracts awarded to it. Any reduction in budgetary allocation to this sector may affect the number of projects that the government authorities /bodies may plan to develop in a particular period. Its business is directly and significantly dependent on projects awarded by them.
- Its projects are awarded through the competitive bidding process by government authorities/bodies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.
- The company relies on its in-house designing, engineering and construction teams for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.
- Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.
- Its Order Book shall mean estimated contract value of the unexecuted portion of the company existing assigned EPC/ HAM contracts and is an indicator of visibility of its future revenue and it may not be representative of the company future results and its actual income may be significantly less than the estimates reflected in the company Order Book, which could adversely affect its results of operations.