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Enviro Infra IPO listed @ Rs. 220

Enviro Infra Engineers IPO Analysis @ Chanakyanipothi.com,Enviro Infra Engineers IPO
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 The IPO was listed on 29th November 2024 at Rs. 220 per share. The listing has been at premium of 48.65% over the issue price.  

Enviro Infra IPO Subscriptions
(Closed on 26 Nov. 2024
)

Price Rs. 101 Lot 148 shares, Net Rs. 650.43  Crore

QIB B HNI X S HNI X NII X RII X Total X
157.05 177.97 105.47 153.80 24.48 89.90

Applications: 30,15,823 / (138.94x)
Amount wise Bids recd. Rs. ? Crore

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.
Enviro Infra Engineers IPO Details
IPO opens on  22 November 2024
IPO closes on  26 November 2024 
Issue Type Book Built Issue IPO
Issue Size 43948000 Shares /
Rs 650.43 Cr
* Fresh Issue 38680000 Shares /
Rs 572.46 Cr
* Offer for Sale  5268000Shares /Rs 77.97 Cr
   
Face Value per share: Rs. 10
Price Band  Rs. 140-148
Retail Discount  Rs 0 per share
Employee discount  Rs. 0 per share
Retail Lot Size  101 Shares
Listing will at  BSE, NSE
Shares offered to Shares Rs. in Cr
QIB (50 %)  21974000 325.22
NII (15 %)  6592200   97.56
RII (35 %)  15381800 227.65
Employees 
Total Shares  43948000 650.43
Retail portion will be oversubscribed by  152295 Forms.
How much Shares to Apply? Amount
Rs.
Min Retail Application 101 Shares 14948
Max Retail Application  1313 Shares 194324
Small HNI (Min) application  1414 shares 209272
Small HNI (Max) application 6666 Shares 986568
Big HNI Application 6767 Shares 1001516
Enviro Infra Engineers IPO Tentative timetable
IPO opens on 22 November 2024
IPO Closes on 26 November 2024
IPO Allotment on  27 November 2024
Unblocking of ASBA  28 November 2024
Credit of Shares 28 November 2024
Listing on 29 November 2024
Registered Office of Enviro Infra Engineers
Unit No 201, Second Floor, Plot No. B, CSC/OCF-01, RG Metro Arcade, Sector -11,
Rohini, Delhi North West 110085, India
Lead Managers 
Hem Securities Limited
Registrar to IPO
Bigshare Services Pvt ltd
Enviro Infra Engineers IPO Financial & Analytical Ratios
Year Total Income Net Profit EPS RoE
  Rs. in Cr Rs.in Cr Rs. %
2021-22 225.62 34.55    
2022-23 341.66 54.98    
2023-24  738.00 110.54 8.13 37.83
Book Value of the Share on 31.03.2024 Rs.21.48    
Book Value of the Share after the IPO Rs.?    
Offer Price at Cap   Rs.148    
Ratio Analysis
Price /EPS 18.20
Price/BV Ratio 6.89
Price/BV after IPO  ?

Enviro Infra Engineers IPO Peer Comparison

As on the date of RHP FV Total PE
  Rs. Income Ratio
    Rs. In Crore  
Enviro Infra 10 738 18.20
EMS ltd 10 809 25.92
Inon Exchange 10 2392 38.68
Vatech Wabag 10 2899 43.9
Vishnuprakash 10 1483 25.31

 

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