Enviro Infra Engineers Limited is coming up with an IPO consisting of a fresh issue of 3.87 crore shares worth INR 572.46 crores and an offer to sell 0.53 crore existing shares worth INR 77.97 crores. The company aims to meet working capital needs, invest in projects, reduce debt, and fund acquisitions.
Enviro Infra Engineers IPO – Important Dates
| Enviro Infra Engineers Limited IPO Date | November 22, 2024 to November 26, 2024 |
| Enviro Infra Engineers Limited IPO Listing Date | November 29, 2024 |
| Enviro Infra Engineers Limited IPO Price | INR 140-148 per share |
| Enviro Infra Engineers Limited IPO Lot Size | 101 Shares |
| Enviro Infra Engineers Limited IPO Total Issue Size | INR 650.43 crores |
| Enviro Infra Engineers Limited IPO Basis of Allotment | November 27, 2024 |
| Enviro Infra Engineers Limited IPO Initiation of Refunds | November 27, 2024 |
| Enviro Infra Engineers Limited IPO Credit of Shares to Demat | November 28, 2024 |
| Enviro Infra Engineers Limited IPO Issue Type | Book Built Issue IPO |
| Enviro Infra Engineers Limited IPO Listing At | BSE NSE |
Enviro Infra Engineers Ltd IPO – Company Profile
Enviro Infra Engineers Limited specializes in designing, constructing, operating, and maintaining WWTPs and WSSPs for government authorities. Projects include ZLD-compliant STPs, CETPs, and WTPs, ensuring treated water is reusable for horticulture, washing, and industrial purposes.
In house team manages design, engineering, and construction, reducing third-party reliance. Joint ventures enable meeting technical and financial qualifications, with five ongoing projects involving WWTPs and WSSPs executed with partners as of June 2024.
Aligned with sustainability, they integrate solar and CBG plants into projects, reducing carbon footprint. 7 of 21 ongoing WWTPs and WSSPs are sustainable, contributing to renewable energy and environmental goals through solar and biogas initiatives.
Enviro Infra IPO Fundamental Analysis
Enviro Infra Engineers Limited’s financial analysis reveals a mixed performance. Revenue shows growth, but profitability and EPS have declined. Increased debt reliance and lower RoNW raise concerns despite asset growth and more robust liquidity. Inventory management efficiency decreased.
- Revenue Trend: The revenue increased from ₹22,352.51 lakhs in March 2022 to ₹33,810.20 lakhs in March 2023. The revenue for the current year’s 3-month period ending June 2024 is INR 20,518.02 lakh.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has decreased from ₹3,454.86 lakh in March 2022 to ₹2,996.81 lakh by June 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹2.70 in March 2022 to ₹2.25 by June 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has decreased from 48.24% to 9.53%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Enviro Infra Engineers IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 June 2024 |
| Revenue (₹ in lakhs) | 22,352.51 | 33,810.20 | 20,518.02 |
| Equity (₹ in lakhs) | 7,163.38 | 12,688.62 | 32,062.31 |
| Expenses (₹ in lakhs) | 17,955.40 | 26,707.36 | 16,434.01 |
| Profit and Loss After Tax (₹ in lakhs) | 3,454.86 | 5,533.89 | 2,996.81 |
| Diluted EPS only (₹) | 2.70 | 4.29 | 2.25 |
| Return on Net Worth (%) | 48.24 | 43.46 | 9.53 |
| NAV per Equity Share (₹) | 5.59 | 9.88 | 23.60 |
| Total Assets (in lakhs) | 14,826.67 | 34,758.49 | 81,287.27 |
| Total Liabilities (in lakhs) | 7,663.29 | 22,069.87 | 49,224.96 |
| Debt-Equity Ratio | 0.25 | 0.51 | 0.95 |
| Current Ratio (in times) | 1.67 | 1.45 | 1.72 |
| Inventory Turnover Ratio | 40.03 | 37.17 | 7.39 |
Enviro Infra Engineers Ltd IPO Peer Comparison
Enviro Infra Engineers Limited, EMS Limited, ION Exchange Limited, Va Tech Wabag Limited, and Vishnu Prakash R Punglia Limited are companies in the engineering and infrastructure sector. They vary in market capitalization, profitability, return metrics, and price-to-earnings ratios.
| Company | Total Income (₹ in Crores) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per equity share (₹) |
| Enviro Infra Engineers Limited | 738.00 | 10 | – | 8.13 | 37.83 | 21.48 |
| EMS Limited | 809.07 | 10 | 25.92 | 29.38 | 19.09 | 143.73 |
| ION Exchange Limited | 2,391.73 | 1 | 38.68 | 16.53 | 19.23 | 69.40 |
| Va Tech Wabag Limited | 2,899.80 | 2 | 43.90 | 39.49 | 13.50 | 292.43 |
| Vishnu Prakash R Punglia Limited | 1,482.65 | 10 | 25.31 | 10.95 | 16.95 | 57.85 |
Enviro Infra IPO Objective
The main objective of Enviro Infra Engineers Limited is to meet working capital needs, fund the 60 MLD STP project in Mathura, and repay or prepay outstanding debts, enhancing financial stability and project execution.
- To Meet Working Capital Requirement: The company intends to utilize INR 181 crores to meet long-term working capital needs, support business expansion, bid for larger projects, enhance geographical reach, and invest in “Waste to Energy” initiatives, ensuring sustained growth and operations.
- Infusion of funds in their Subsidiary, EIEL Mathura Infra Engineers Private Limited (“EIEL Mathura”) to build 60 MLD STP under project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar through Hybrid Annuity Based PPP Mode: The company plans to utilize INR 24.001 crore for the development of the 60 MLD STP under the Mathura Sewerage Scheme, with significant capital expenditure and O&M costs, through its subsidiary, EIEL Mathura Infra Engineers Private Limited.
- Repayment/prepayment in full or in part of certain of their outstanding borrowings: The company aims to utilize INR 120 crores from the proceeds of the Fresh Issue to partially repay or prepay borrowings, reducing indebtedness and debt servicing costs and improving leverage for future business growth.
- Funding inorganic growth through unidentified acquisition and general corporate purposes: The company will deploy funds for general corporate purposes, including strategic initiatives, development of financing opportunities, strengthening marketing capabilities, capital expenditure, meeting contingencies, and other business expenses as required for ongoing operations.
Enviro Infra Engineers IPO Risks And Challenges
Enviro Infra Engineers Limited’s risks include reduced government budget allocations for WWTPs and WSSPs, challenges meeting qualification criteria, high attrition, reliance on contract labour, and delays in statutory payments, which could affect growth and profitability.
- Their revenue primarily derives from Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs). Reducing government budget allocations for these sectors may impact the number of projects and their business.
- The company operates 16 WWTPs and WSSPs across five states. It faces challenges meeting qualification criteria, competitive bidding, and potential legal delays. Failure to secure future contracts could adversely affect business growth and profitability.
- The company relies on an in-house design, engineering, and construction team supported by third-party consultants. High attrition in operational roles and dependence on contract labour poses challenges and delays in statutory payments.
Enviro Infra IPO – Industry & Market Potential
The global water and wastewater treatment market was valued at over USD 146.60 billion in 2023, with water treatment and wastewater treatment driving growth. It is expected to expand at a 6.89% CAGR through 2033.
The water treatment plant segment, valued at over USD 139.57 billion in 2023, is expected to grow at a 6.23% CAGR. Key drivers include urbanization, environmental concerns, and regulatory compliance with advanced treatment technologies like reverse osmosis.
The disinfection equipment market, valued at over USD 172.96 billion in 2023, is expected to grow at a 5.99% CAGR. Key technologies include UV disinfection, ozone treatment, and advanced oxidation processes for effective microbial reduction.
Enviro Infra Engineers Ltd IPO – Type of Offer
Enviro Infra Engineers Limited plans a fresh issue of shares, seeking INR 572.46 crores to meet working capital needs, invest in projects, reduce debt, and fund acquisitions. Additionally, the company proposes an offer to sell 0.53 crore existing shares.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 572.46 crores. The company intends to utilize the proceeds from the fresh issue to meet working capital needs, invest in projects, reduce debt, and fund acquisitions.
- Offer for sale: Enviro Infra Engineers Limited is offering to sell 0.53 crore existing shares. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder | No. of shares offered (₹ in lakhs) |
| Sanjay Jain | 21,34,000 |
| Manish Jain | 21,34,000 |
| Ritu Jain | 5,00,000 |
| Shachi Jain | 5,00,000 |
Enviro Infra Engineers IPO Offer Size
The offer size of Enviro Infra Engineers Limited is INR 650.43 crores, consisting of a fresh issue of 3.87 crore shares worth INR 572.46 crores and an offer to sell 0.53 crore existing shares worth INR 77.97 crores. The company aims to meet working capital needs, invest in projects, reduce debt, and fund acquisitions.
Enviro Infra Engineers Ltd IPO Allotment Structure
Enviro Infra Engineers Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for Enviro Infra Engineers IPO?
To apply for the Enviro Infra Engineers Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Enviro Infra Engineers Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Enviro Infra Engineers Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Enviro Infra Engineers IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Enviro Infra Engineers Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Enviro Infra Engineers Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Enviro Infra Engineers Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Enviro Infra Engineers Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Enviro Infra Engineers Ltd IPO Offer Registrar
The registrar for the Enviro Infra Engineers Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093,
Maharashtra, India
Telephone: +91 22 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Enviro Infra Engineers IPO – FAQs
1. What is the allotment date of the Enviro Infra Engineers IPO?
The allotment date of the Enviro Infra Engineers is November 27, 2024.
2. What is the price band of the Enviro Infra Engineers IPO?
The price band of the issue is INR 140-148 per share.
3. What is the size of the Enviro Infra Engineers IPO?
The offer size of Enviro Infra Engineers Limited is INR 650.43 crores, consisting of a fresh issue of 3.87 crore shares worth INR 572.46 crores and an offer to sell 0.53 crore existing shares worth INR 77.97 crores. The company aims to meet working capital needs, invest in projects, reduce debt, and fund acquisitions.
4. What is the listing date of the Enviro Infra Engineers IPO?
The listing date of the Enviro Infra Engineers is November 29, 2024.
5. Who is the Director of Enviro Infra Engineers Pvt Ltd?
The Director of Enviro Infra Engineers Pvt Ltd is Sanjay Jain.
6. Where is the Enviro Infra Engineers IPO Getting Listed?
The Enviro Infra Engineers is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
7. What are the open and close dates of the Enviro Infra Engineers Ltd IPO?
The open and close dates of Enviro Infra Engineers Ltd are November 22, 2024, and November 26, 2024, respectively.
8. How To Apply For Enviro Infra IPO in Alice Blue?
To apply for the Enviro Infra Engineers Limited IPO via Alice Blue, open a Demat and Trading Account, check the IPO details in the IPO section, place your bid within the price band, apply, and then check the allotment status post-process.
9. Who is the Book Runner for the Enviro Infra Engineers IPO?
The Book Runner for the Enviro Infra Engineers is Hem Securities Limited.
