To be announced
Application Details
The Enviro Infra Engineers IPO is scheduled to open from November 22 to November 26, 2024, offering shares with a face value of ₹10 each at a price band of ₹140 to ₹148 per share. Investors can apply in lots of 101 shares, with a minimum investment of ₹14,948 for retail investors.
The total issue size comprises 43,948,000 shares, aggregating up to ₹650.43 crore. This includes a fresh issue of 38,680,000 shares amounting to ₹572.46 crore and an offer for sale (OFS) of 5,268,000 shares, valued at ₹77.97 crore. Eligible employees will receive a discount of ₹13 per share.
The IPO will be listed on the BSE and NSE, with the shareholding increasing from 136,850,000 shares pre-issue to 175,530,000 shares post-issue. Important dates include the IPO open and close dates on November 22 and 26, the basis of allotment on November 27, refunds initiation on the same day, credit of shares to demat accounts by November 28, and the listing date on November 29.
For allotment, not more than 50% of the net offer is reserved for Qualified Institutional Buyers (QIB), at least 35% is allocated for retail investors, and a minimum of 15% is reserved for Non-Institutional Investors (NII).
About Enviro Infra Engineers Limited
Company Overview
Enviro Infra Engineers Limited, founded in 2009, focuses on designing, constructing, operating, and maintaining water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs) for government bodies. WWTPs include sewage treatment plants (STPs), sewerage schemes (SS), and common effluent treatment plants (CETPs). Meanwhile, WSSPs cover water treatment plants (WTPs), pumping stations, and the construction of pipeline networks for water distribution.
Project Execution
The company actively participates in tenders from state governments and Urban Local Bodies (ULBs) for developing WWTPs and WSSPs using the Engineering, Procurement, and Construction (EPC) or Hybrid Annuity Model (HAM) frameworks. By June 30, 2024, Enviro Infra Engineers had completed 28 projects across India, with 22 of them having a capacity of 10 million liters per day (MLD) or more, demonstrating a strong track record in large-scale infrastructure projects.
Order Book and Ongoing Projects
As of June 30, 2024, the company’s order book consists of 21 WWTP and WSSP projects valued at ₹1,90,628.06 lakhs. Seven of these projects focus on sustainable development by incorporating renewable energy components like solar power and biogas plants. Enviro Infra Engineers is currently collaborating with joint venture partners on five WWTP and WSSP projects, strengthening its competitive position in the market.
Business Model
Enviro Infra Engineers generates revenue through milestone-based payments during the construction phase of each project. In a competitive environment, the company competes with several established players in the WWTP and WSSP sectors, such as VA Tech Wabag, Ion Exchange India Ltd., EMS Ltd., and Vishnu Prakash R Punglia Ltd., to secure contracts from state governments and ULBs.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.