Enviro Infra Engineers Ltd IPO
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Enviro Infra Engineers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 439.48 L | ₹ 52.68 L | ₹ 153.47 L | ₹ 1,281.75 L | BSE | ₹ 650.43 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 22 Nov, 24 | 26 Nov, 24 | 101 | ₹ 14,140 | Book Building | 29 Nov, 24 |
Enviro Infra Engineers Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering - Turnkey Services |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 62.82x | 21924000 | 1377255089 |
| NII | 153.8x | 6577200 | 1011582367 |
| Retail | 24.48x | 15346800 | 375725050 |
| Employee | 37.77x | 100000 | 3776895 |
| Total | 62.99x | 43948000 | 2768339401 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Enviro Infra Engineers Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 728.92 | 77.92 | 47.73 |
| EBITDA | 166.74 | 80.22 | 49.45 |
| PAT | 114.08 | 56.06 | 34.51 |
| Total Assets | 555.41 | 238.78 | 101.62 |
| Share Capital | 136.85 | 25.62 | 2.44 |
| Total Borrowings | 403.39 | 70.17 | 36.06 |
| Operating Activities (Net Cash) | 120.16 | 58.36 | 36.23 |
| Investing Activities (Net Cash) | -1.31 | -3.05 | 0.04 |
| Financing Activities (Net Cash) | 403.39 | 70.17 | 36.06 |
| Net Cashflow | 141.27 | 90.19 | 24.80 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Enviro Infra Engineers Ltd
Our Company was originally incorporated as `Enviro Infra Engineers Private Limited' a private limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated June 19, 2009 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter on April 1, 2010, our Company took over the business of partnership firm, M/s Enviro Engineers. Thereafter, name of our Company was changed from `Enviro Infra Engineers Private Limited' to `Enviro Infra Engineers Limited' consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on July 19, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi (RoC) on August 8, 2022.
The Global Water and Wastewater Treatment market is expected to grow at a CAGR of 6.10% in terms of value to reach USD 521.97 Billion in 2033 from USD 306.332 Billion in 2024. India accounts for 2.45% of land area and 4% of water resources of the world but represents 16% of the world population. With the present population growth-rate (1.9% per year), the population is expected to cross the 1.5 billion mark by 2050. The trend of urbanization in India is exerting stress on civic authorities to provide basic requirement such as safe drinking water, sanitation, and infrastructure. The rapid growth of population has exerted the portable water demand, which requires exploration of raw water sources, developing treatment and distribution systems.
We are 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), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) alongwith 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.
Peer Comparison:
- Va Tech Wabag Ltd
- Ion Exchange (India) Ltd
- EMS Ltd
- Ion Exchange (India) Ltd
- Va Tech Wabag Ltd
- Vishnu Prakash R Punglia Ltd
Enviro Infra Engineers Ltd IPO Key Points
Strengths
- In house designing, engineering and execution team 180 engineers.
- Increasing presence in existing geographies such as Gujarat, Rajasthan, Punjab, Karnataka, Haryana, Uttar Pradesh, Madhya Pradesh and Chhattisgarh with new projects.
- Diversified Order Book of 21 projects across India for an aggregate value of Rs.1,90,628.06 lakhs as of June 30, 2024 across India.
- In-house execution capabilities with timely delivery and established track record enabling consistent increase in eligibility for high value project tenders
- Use of advanced technologies in the construction and installation of WWTPs and WSSPs.
Risk
- The company bid for WWTPs and WSSPs funded by the Central and State Governments and derive its revenues from the contracts awarded to the company. Any reduction in budgetary allocation to this sector may affect the number of projects that the government authorities/bodies may plan to develop in a particular period. Its business is directly and significantly dependent on projects awarded by them.
- The company projects are awarded through the competitive bidding process by government authorities/bodies. Its may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.
- The company relies on its in-house designing, engineering and construction teams for project execution. Loss of employee(s) may have an adverse effect on the execution of the company projects.
Strategy
- Increasing the size of projects and our pre-qualification.
- Expansion of our geographical footprint.
- Plan to further bid for HAM projects.
- In house designing, engineering and execution team 180 engineers.
- Increasing presence in existing geographies such as Gujarat, Rajasthan, Punjab, Karnataka, Haryana, Uttar Pradesh, Madhya Pradesh and Chhattisgarh with new projects.
- Diversified Order Book of 21 projects across India for an aggregate value of Rs.1,90,628.06 lakhs as of June 30, 2024 across India.
- In-house execution capabilities with timely delivery and established track record enabling consistent increase in eligibility for high value project tenders
- Use of advanced technologies in the construction and installation of WWTPs and WSSPs.
How To Apply for Enviro Infra Engineers Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
