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Enviro Infra Engineers IPO is a book build issue of ₹650.30 crores. The issue is a combination of fresh issue of 3.87 crore shares aggregating to ₹572.35 crores and offer for sale of 0.53 crore shares aggregating to ₹77.95 crores.
Enviro Infra Engineers IPO bidding started from Nov 22, 2024 and ended on Nov 26, 2024. The allotment for Enviro Infra Engineers IPO was finalized on Nov 27, 2024. The shares got listed on BSE, NSE on Nov 29, 2024.
Enviro Infra Engineers IPO price band is set at ₹148.00 per share . The lot size for an application is 101. The minimum amount of investment required by an retail is ₹14,140 (101 shares). The lot size investment for sNII is 14 lots (1,414 shares), amounting to ₹2,09,272, and for bNII, it is 67 lots (6,767 shares), amounting to ₹10,01,516.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹13.00 to the issue price.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Enviro Infra Engineers IPO RHP for detailed Information.
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | November 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹140 to ₹148 per share |
| Issue Price Final | ₹148 per share |
| Lot Size | 101 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,39,48,000 shares (aggregating up to ₹650.30 Cr) |
| Fresh Issue | 3,86,80,000 shares (aggregating up to ₹572.35 Cr) |
| Offer for Sale | 52,68,000 shares of ₹10 (aggregating up to ₹77.95 Cr) |
| Employee Discount | ₹13.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,68,50,000 shares |
| Share Holding Post Issue | 17,55,30,000 shares |
Enviro Infra Engineers IPO offers total 4,39,48,000 shares. Out of which 2,19,24,000 (49.89%) allocated to QIB, 87,69,600 (19.95%) allocated to QIB, 65,77,200 (14.97%) allocated to NII, 1,53,46,800 (34.92%) allocated to RII and 1,31,54,400 (29.93%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,19,24,000 (49.89%) | NA |
| − Anchor Investor Shares Offered | 1,31,54,400 (29.93%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 87,69,600 (19.95%) | NA |
| NII (HNI) Shares Offered | 65,77,200 (14.97%) | NA |
| − bNII > ₹10L | 43,84,800 (9.98%) | 3,100 |
| − sNII < ₹10L | 21,92,400 (4.99%) | 1,550 |
| Retail Shares Offered | 1,53,46,800 (34.92%) | 1,51,948 |
| Employee Shares Offered | 1,00,000 (0.23%) | NA |
| Total Shares Offered | 4,39,48,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Enviro Infra Engineers IPO raises ₹194.69 crore from anchor investors. Enviro Infra Engineers IPO Anchor bid date is November 21, 2024. Enviro Infra Engineers IPO Anchor Investors list
| Bid Date | November 21, 2024 |
| Shares Offered | 1,31,54,400 |
| Anchor Portion Size (In Cr.) | 194.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 25, 2025 |
Enviro Infra Engineers IPO opens on November 22, 2024, and closes on November 26, 2024.
| IPO Open Date | Fri, Nov 22, 2024 |
| IPO Close Date | Tue, Nov 26, 2024 |
| Tentative Allotment | Wed, Nov 27, 2024 |
| Initiation of Refunds | Wed, Nov 27, 2024 |
| Credit of Shares to Demat | Thu, Nov 28, 2024 |
| Tentative Listing Date | Fri, Nov 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 26, 2024 |
Investors can bid for a minimum of 101 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 101 | ₹14,948 |
| Retail (Max) | 13 | 1,313 | ₹1,94,324 |
| S-HNI (Min) | 14 | 1,414 | ₹2,09,272 |
| S-HNI (Max) | 66 | 6,666 | ₹9,86,568 |
| B-HNI (Min) | 67 | 6,767 | ₹10,01,516 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Enviro Infra Engineers Limited was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and the laying of pipelines for water supply.
The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till June 30, 2024, the Company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.
Competitive strengths:
The company has an in-house team for designing, engineering, and construction. The company has a team of 180 engineers supported by external consultants and industry experts.
Enviro Infra Engineers Limited's revenue increased by 116% and profit after tax (PAT) rose by 101% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 812.87 | 761.19 | 347.58 | 148.27 |
| Total Income | 207.46 | 738 | 341.66 | 225.62 |
| Profit After Tax | 30.78 | 110.54 | 54.98 | 34.55 |
| Net Worth | 323 | 292.18 | 126.51 | 71.62 |
| Reserves and Surplus | 186.29 | 155.51 | 101.11 | 69.31 |
| Total Borrowing | 305.59 | 233.59 | 64.54 | 18.11 |
| Amount in ₹ Crore | ||||
The market capitalization of Enviro Infra Engineers IPO is ₹2597.84 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 51.68% |
| ROCE | 32.34% |
| Debt/Equity | 0.80 |
| RoNW | 37.83% |
| PAT Margin | 15.17% |
| Price to Book Value | 6.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.08 | 7.01 |
| P/E (x) | 18.32 | 21.1 |
The Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following objectives:
[Dilip Davda] The company is in the business of designing, construction, operation and maintenance of water and waste water treatment plants and supply scheme with all related services. It marked boosted growth from FY24 in its top and bottom lines. It has an order book worth Rs. 1906+ cr. as of June 30, 2024. Based on FY25 annualized super earnings, the issue appears fully priced. Considering the future prospects, well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | November 29, 2024 |
| BSE Script Code | 544290 |
| NSE Symbol | EIEL |
| ISIN | INE0LLY01014 |
| Final Issue Price | ₹148 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Enviro Infra Engineers Ltd.
Unit No 201, Second Floor, Plot No. B,
CSC/OCF-01, RG Metro Arcade, Sector -11,
Rohini, Delhi North West 110085
Rohini, New Delhi
Phone: +91 11 4059 1549
Email: cs@eiepl.in
Website: http://www.eiel.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Enviro Infra Engineers IPO is a main-board IPO of 4,39,48,000 equity shares of the face value of ₹10 aggregating up to ₹650.30 Crores. The issue is priced at ₹148 per share. The minimum order quantity is 101.
The IPO opens on November 22, 2024, and closes on November 26, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Enviro Infra Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Enviro Infra Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Enviro Infra Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Enviro Infra Engineers IPO opens on November 22, 2024 and closes on November 26, 2024.
Enviro Infra Engineers IPO lot size is 101, and the minimum amount required for application is ₹14,948.
You can apply in Enviro Infra Engineers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Enviro Infra Engineers IPO will be done on Wednesday, November 27, 2024, and the allotted shares will be credited to your demat account by Thursday, November 28, 2024. Check the Enviro Infra Engineers IPO allotment status.
The Enviro Infra Engineers IPO listing date is on Friday, November 29, 2024.
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