{"id":5045,"date":"2024-11-18T16:03:57","date_gmt":"2024-11-18T10:33:57","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5045"},"modified":"2024-11-19T18:04:29","modified_gmt":"2024-11-19T12:34:29","slug":"review-of-enviro-infra-engineers-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/review-of-enviro-infra-engineers-ipo\/","title":{"rendered":"Review of Enviro Infra Engineers Limited IPO: Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n

Enviro Infra Engineers IPO Price: <\/strong>\u20b9140 to \u20b9148 per share
IPO Dates:<\/strong> 22 November 2024 – 26 November 2024<\/p>\n\n\n\n

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\"Enviro<\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Company Overview<\/strong><\/h2>\n\n\n\n

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.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Project Execution<\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Technological Advancements<\/strong><\/h2>\n\n\n\n

Enviro Infra Engineers applies advanced technologies to its WWTP and WSSP projects. Many of its STPs and CETPs are Zero Liquid Discharge (ZLD) compliant, ensuring that treated water is safe for reuse in areas such as horticulture, industrial washing, and refrigeration. In line with its sustainability goals, the company has installed solar power plants at select projects and is implementing compressed biogas (CBG) plants at ongoing sites in Jodhpur and Jaipur. This \u201cWaste to Energy\u201d approach aligns with government policies and highlights the company\u2019s commitment to environmental responsibility.<\/p>\n\n\n\n

Funding and Partnerships<\/strong><\/h2>\n\n\n\n

The company\u2019s projects receive partial or full funding from central government schemes such as AMRUT (Atal Mission for Rejuvenation and Urban Transformation), NMCG (National Mission for Clean Ganga), and Jal Jeevan Mission (JJM), which support urban and rural WWTPs and WSSPs. Enviro Infra Engineers also partners with other infrastructure firms through joint ventures, allowing them to meet technical and financial pre-qualification requirements for high-value projects. Joint venture partnerships also enable the company to leverage its expertise in project execution.<\/p>\n\n\n\n

In-House Expertise<\/strong><\/h2>\n\n\n\n

Enviro Infra Engineers has an in-house team of 180 engineers who industry experts and consultants support. This in-house capacity allows the company to independently manage all aspects of project design, engineering, procurement, construction, and quality control. Additionally, the company has a dedicated team focused on the ongoing operations and maintenance of completed projects, ensuring long-term quality and compliance with regulatory standards.<\/p>\n\n\n\n

Order Book and Ongoing Projects<\/strong><\/h2>\n\n\n\n

As of June 30, 2024, the company’s order book consists of 21 WWTP and WSSP projects valued at \u20b91,90,628.06 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.<\/p>\n\n\n\n

Business Model<\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Competitive Strengths<\/strong><\/h2>\n\n\n\n
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  1. In-House Expertise<\/strong>: A skilled in-house team for design, engineering, and execution enables Enviro Infra Engineers to independently manage and execute all phases of a project.<\/li>\n\n\n\n
  2. Expanding Regional Presence<\/strong>: With a well-established presence across various regions, the company continues to grow through new projects in diverse locations.<\/li>\n\n\n\n
  3. Diverse Project Portfolio<\/strong>: A broad order book, with projects distributed across India, supports steady business growth and mitigates regional risks.<\/li>\n\n\n\n
  4. Track Record of On-Time Delivery<\/strong>: The company\u2019s strong track record in timely project delivery enhances its credibility and eligibility for high-value tenders, solidifying its reputation in the industry.<\/li>\n\n\n\n
  5. Innovative Technology Integration<\/strong>: Enviro Infra Engineers incorporates advanced construction technologies and ZLD compliance in WWTPs and WSSPs. Additionally, its focus on renewable energy in project execution showcases its dedication to sustainability.<\/li>\n\n\n\n
  6. Experienced Management<\/strong>: The company\u2019s experienced promoters and senior management provide a strong foundation of industry expertise and strategic guidance.<\/li>\n\n\n\n
  7. Consistent Financial Performance<\/strong>: Enviro Infra Engineers\u2019 steady financial growth reinforces its capacity to manage large-scale projects, ensuring it remains competitive in the infrastructure sector.<\/li>\n<\/ol>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n<\/div>\n\n\n
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    APPLY NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

    Enviro Infra Engineers IPO<\/strong> Specifics:<\/h2>\n\n\n\n
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    IPO Date<\/td>November 22, 2024 to November 26, 2024<\/td><\/tr>
    Listing Date<\/td>Friday, November 29, 2024<\/td><\/tr>
    Face Value<\/td>\u20b910 per share<\/td><\/tr>
    Price Band<\/td>\u20b9140 to \u20b9148 per share<\/td><\/tr>
    Lot Size<\/td>101 Shares<\/td><\/tr>
    Total Issue Size<\/td>43,948,000 shares
    (aggregating up to \u20b9650.43 Cr)<\/td><\/tr>
    Fresh Issue<\/td>38,680,000 shares
    (aggregating up to \u20b9572.46 Cr)<\/td><\/tr>
    Offer For Sale<\/td>5,268,000 shares
    (aggregating up to \u20b977.97 Cr)<\/td><\/tr>
    Employee Discount<\/td>\u20b913 per share<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>136,850,000<\/td><\/tr>
    Share holding post issue<\/td>175,530,000<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Enviro Infra Engineers IPO<\/strong> Timetable (Important Dates)<\/h2>\n\n\n\n
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    IPO Open Date<\/td>Friday, November 22, 2024<\/td><\/tr>
    IPO Close Date<\/td>Tuesday, November 26, 2024<\/td><\/tr>
    Basis of Allotment<\/td>Wednesday, November 27, 2024<\/td><\/tr>
    Initiation of Refunds<\/td>Wednesday, November 27, 2024<\/td><\/tr>
    Credit of Shares to Demat<\/td>Thursday, November 28, 2024<\/td><\/tr>
    Listing Date<\/td>Friday, November 29, 2024<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on November 26, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Enviro Infra Engineers IPO<\/strong> Lot Size<\/h2>\n\n\n\n

    Bidders have the opportunity to bid for a minimum of 101 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

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    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>101<\/td>\u20b914,948<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>1,313<\/td>\u20b91,94,324<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>1,414<\/td>\u20b92,09,272<\/td><\/tr>
    S-HNI (Max)<\/td>66<\/td>6,666<\/td>\u20b99,86,568<\/td><\/tr>
    B-HNI (Min)<\/td>67<\/td>6,767<\/td>\u20b910,01,516<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Enviro Infra Engineers IPO<\/strong> Reservation<\/h2>\n\n\n\n
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    QIB Shares Offered<\/td>Not more than 50% of the Net offer<\/td><\/tr>
    Retail Shares Offered<\/td>Not less than 35% of the Offer<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Enviro Infra Engineers Limited IPO Financial Information<\/strong><\/h2>\n\n\n\n

    Enviro Infra Engineers Limited observed a remarkable upsurge of 116% in its revenue, coupled with a significant growth of 101% in profit after tax (PAT) from the fiscal year concluding on March 31, 2023, to March 31, 2024.<\/p>\n\n\n\n

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    Period Ended<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Mar 2024<\/th>30 June 2024<\/th><\/tr><\/thead>
    Assets<\/td>148.27<\/td>347.58<\/td>761.19<\/td>812.87<\/td><\/tr>
    Revenue<\/td>225.62<\/td>341.66<\/td>738<\/td>207.46<\/td><\/tr>
    Profit After Tax<\/td>34.55<\/td>54.98<\/td>110.54<\/td>30.78<\/td><\/tr>
    Net Worth<\/td>71.62<\/td>126.51<\/td>292.18<\/td>323<\/td><\/tr>
    Reserves and Surplus<\/td>69.31<\/td>101.11<\/td>155.51<\/td>186.29<\/td><\/tr>
    Total Borrowing<\/td>18.11<\/td>64.54<\/td>233.59<\/td>305.59<\/td><\/tr><\/tbody><\/table>
    Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n

    Key Performance Indicator – Enviro Infra Engineers IPO<\/strong><\/h2>\n\n\n\n
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    KPI<\/th>Values<\/th><\/tr><\/thead>
    Market Cap <\/td>\u20b9 2,597.84 Cr.<\/td><\/tr>
    EPS<\/td>\u20b98.08<\/td><\/tr>
    P\/E (x)<\/td>18.32<\/td><\/tr>
    ROE<\/td>51.68%<\/td><\/tr>
    ROCE<\/td>32.34%<\/td><\/tr>
    Debt\/Equity<\/td>0.8<\/td><\/tr>
    RoNW<\/td>37.83%<\/td><\/tr>
    P\/BV<\/td>6.89<\/td><\/tr><\/tbody><\/table>
    as of Mar 31, 2024<\/sup><\/sub><\/figcaption><\/figure>\n<\/div>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    The company plans to use the proceeds from the Fresh Issue to support the following objectives:<\/p>\n\n\n\n