Enviro Infra Engineers IPO Analysis @ Chanakyanipothi.com,
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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
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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) |
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:
- To meet the Working Capital Requirements;
- 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;
- Repayment/prepayment in full or in part, of certain of its outstanding borrowings; and
- 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. |
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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 |
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Lead Managers Hem Securities Limited |
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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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