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.
Open Date : November 22, 2024 Close Date : November 26, 2024 Allotment Date: November 27, 2024 Listing Date: November 29, 2024
IPO Price: INR 140-148 per share Lot Size:101 Shares. Total Issue Size: INR 650.43 crores
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.
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.
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.
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.