Enviro Infra Engineers IPO on 22 Nov

November 21, 2024 admin Leave a reply Post Comment

Enviro Infra Engineers IPO Analysis @ Chanakyanipothi.com,
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Enviro Infra Engineers IPO Promoters
SANJAY JAIN AND MANISH JAIN

Elaborate Company details of Enviro Infra Engineers

Enviro Infra Engineers is in the business of designing, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWTPs include Sewage Treatment Plants (STPs) along with Sewage Network Schemes and Common Effluent Treatment Plants (CETPs) and WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for supply of water (collectively, “Projects”). The treatment process installed at most of the STPs and CETPs is Zero Liquid Discharge (ZLD) compliant, and the treated water can be used for horticulture, washing, refrigeration and other process industries.
WWTPs and WSSPs are partly funded by the Central Government under schemes like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and National Mission of Clean Ganga (NMCG) for projects in urban areas. WSSPs are similarly funded by the Central Government schemes like the Jal Jeevan Mission (JJM) for rural areas of the country. The states or Urban Local Bodies (ULBs) under their respective schemes fund the WWTPs and WSSPs alongwith the Central Government.

The Company bids for tenders issued by State Governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. As on August 15, 2022, it has successfully established 22 WWTPs and WSSPs with capacity of more than 10 MLD across India having an aggregate capacity of 550.80 MLD. In the past five (5) years itself it has developed 20 WWTPs and WSSPs having an aggregate capacity of 430.20 MLD. As of August 15, 2022, its Order Book includes 15 WWTPs and WSSPs with aggregate capacity of 236.16 MLD for aggregate value of Rs. 1,56,894.18 lakhs and its O&M Order Book includes 26 WWTPs and WSSPs with an aggregate value of Rs. 43,226.63 lakhs. It has an in-house team for designing, engineering and construction which makes us self-reliant on all aspects of its business. It has a team of 57 engineers who are supported by third-party consultants and industry experts to ensure compliance and quality standards laid down by the industry and government agencies & departments. It also has its own team for civil construction works thereby reducing dependence on third parties.

Qualitative factors are:
• In house designing, engineering and execution team.
• Strong Order Book of projects across India.
• Strong execution capabilities with timely delivery and established track record.
• Use of advanced technologies in the construction and installation of WWTPs and WSSPs
• Experienced Promoters and senior management team
For more information, click www.eiel.in

Objects of the IPO

The Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following objectives:

1. To meet the Working Capital Requirements;
2. Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura) to build 60 MLD STP under the project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode;
3. Repayment/prepayment in full or in part, of certain of its outstanding borrowings; and
4. Funding inorganic growth through unidentified acquisitions and general corporate purposes.

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