Enviro Infra Engineers Limited IPO

Enviro Infra Engineers IPO offers 3.87 Cr fresh shares (₹572.46 Cr) and 0.53 Cr for sale (₹77.97 Cr) to fund projects, reduce debt, and meet working capital needs.

Important Details

Open Date : November 22, 2024 Close Date : November 26, 2024 Allotment Date: November 27, 2024 Listing Date: November 29, 2024

Important Details

IPO Price: INR 140-148 per share Lot Size:101 Shares. Total Issue Size: INR 650.43 crores

Fundamental Analysis

Enviro Infra Engineers IPO shows mixed performance: 1. Revenue grew, but EPS and profitability declined. 2. Increased debt reliance and lower RoNW raise concerns. 3. Improved liquidity, but inventory management worsened.

Peer Comparison

Enviro Infra Engineers IPO Peer Comparison: Key engineering and infra players: Enviro Infra, EMS, ION Exchange, Va Tech Wabag, Vishnu P. R. Punglia. Vary in market cap, profitability, and P/E ratios.

Objective

Enviro Infra Engineers IPO Objective: 1. Meet working capital requirements. 2. Fund the 60 MLD STP project in Mathura. 3. Repay or prepay outstanding debts to enhance financial stability.

Risks And Challenges

Enviro Infra Engineers IPO Risks: 1. Reduced government budgets for WWTPs/WSSPs. 2. Challenges in meeting qualification criteria. 3. High attrition and contract labor reliance. 4. Payment delays may hurt growth and profitability.