Bookbuilding IPO | ₹650 Cr | Listed at BSE, NSE | Fri, Nov 22, 2024 - Tue, Nov 26, 2024
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 per share. The lot size for an application is 101. The minimum amount of investment required by an retail is ₹14,948 (101 shares) (based on upper price). 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 Open
Fri, Nov 22, 2024
IPO Close
Tue, Nov 26, 2024
Issue Price
₹148 per share
Market Cap (Pre-IPO)
₹2,597.84 Cr
| IPO Date | 22 to 26 Nov, 2024 |
| Listed on | Fri, Nov 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹148 |
| Issue Price | ₹148 per share |
| Lot Size | 101 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹13.00 |
| Total Issue Size | 4,39,48,000 shares (agg. up to ₹650 Cr) |
| Fresh Issue | 3,86,80,000 shares (agg. up to ₹572 Cr) |
| Offer for Sale | 52,68,000 shares of ₹10 (agg. up to ₹78 Cr) |
| Share Holding Pre Issue | 13,68,50,000 shares |
| Share Holding Post Issue | 17,55,30,000 shares |
| BSE Script Code / NSE Symbol | 544290 / EIEL |
| ISIN | INE0LLY01014 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 101 shares and in multiples thereof.
| 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 |
Enviro Infra Engineers IPO raises ₹194.69 crore from anchor investors. Enviro Infra Engineers IPO Anchor bid date is November 21, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Nov 21, 2024 |
| Shares Offered | 1,31,54,400 |
| Anchor Portion (₹ Cr.) | 194.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Dec 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Feb 25, 2025 |
| 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 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.
| 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 | 738.00 | 341.66 | 225.62 |
| Profit After Tax | 30.78 | 110.54 | 54.98 | 34.55 |
| NET Worth | 323.00 | 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the Working Capital Requirements; | 181.00 |
| 2 | Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (“EIEL Mathura”) to build 60 MLD STP under project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode | 30.00 |
| 3 | Repayment/prepayment in full or in part, of certain of our outstanding borrowings | 120.00 |
| 4 | Funding inorganic growth through unidentified acquisitions and general corporate purposes. | 186.27 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 8.08 | 7.01 |
| P/E (x) | 18.32 | 21.1 |
| Promoter Holding | 93.66% | 70.02% |
| Market Cap | ₹2,597.84 Cr. |
The Enviro Infra Engineers IPO is subscribed 89.9 times on November 26, 2024 6:19:07 PM (Day 3). The public issue subscribed 24.48 times in the retail category, 157.05 times in the QIB category, and 153.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 157.05 | 87,69,600 | 1,37,72,55,089 |
| NII | 153.8 | 65,77,200 | 1,01,15,76,509 |
| bNII (bids above ₹10L) | 177.97 | 43,84,800 | 78,03,45,291 |
| sNII (bids below ₹10L) | 105.47 | 21,92,400 | 23,12,31,218 |
| Retail | 24.48 | 1,53,46,800 | 37,57,04,446 |
| Employee | 37.77 | 1,00,000 | 37,76,693 |
| Total | 89.9 | 3,07,93,600 | 2,76,83,12,737 |
Total Application : 30,15,823
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Manager (inclusive of underwriting commission, brokerage and selling commission) | 45.28 |
| 2 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Offer(s), Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.35 |
| 3 | Fees payable to the Registrar to the Offer | 0.10 |
| 4 | Fees payable to Statutory Auditors | 0.55 |
| 5 | Fees payable to Independent Chartered Accountant | 0.06 |
| 6 | Fees payable to Independent Chartered Engineer | 0.10 |
| 7 | Fees payable to Industry Service Provider | 0.02 |
| 8 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 5.06 |
| 9 | Printing and distribution of stationery | 0.06 |
| 10 | Advertising and marketing expenses | 1.79 |
| 11 | Fees payable to legal counsel | 0.47 |
| 12 | Fees payable to other advisors to the Offer, if any | 0.14 |
| 13 | Miscellaneous expenses | 0.09 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹148.00 | ₹148.00 |
| Open | ₹218.00 | ₹220.00 |
| Low | ₹205.10 | ₹205.05 |
| High | ₹233.50 | ₹233.70 |
| Last Trade | ₹207.00 | ₹207.07 |
Lead Manager Reports
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 Crores. The issue is priced at ₹148 per share. The minimum order quantity is 101.
The IPO opens on Fri, Nov 22, 2024, and closes on Tue, Nov 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 Fri, Nov 22, 2024 and closes on Tue, Nov 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 Thu, Nov 28, 2024. Check the Enviro Infra Engineers IPO allotment status.
The Enviro Infra Engineers IPO listing date is on Fri, Nov 29, 2024.
