Enviro Infra Engineers design, build, operate, and maintain water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for governmental authorities/bodies. Enviro Infra Engineers IPO will hit the stock market in January 2023.
Table of Contents
About Enviro Infra Engineers
Enviro Infra Engineers Limited submits bids for EPC or HAM-based State Government and ULB tenders for the development of WWTPs and WSSPs.
As of August 15, 2022, they had successfully built 22 WWTPs and WSSPs throughout India with a combined capacity of 550.80 MLD and a capacity of more than 10 MLD. There have been 20 WWTPs and WSSPs built in the last five (5) years alone, with a combined capacity of 430.20 MLD.
15 WWTPs and WSSPs with a combined capacity of 236.16 MLD and an aggregate cost of Rs. 1,56,894.18 lakhs are currently on Enviro Infra Engineers’s order book, and 26 WWTPs and WSSPs with a combined cost of Rs. 43,226.63 lakhs are on their O&M Order Book.
Business
WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipes for water supply. WWTPs include Sewage Treatment Plants (STPs) together with Sewage Network Schemes and Common Effluent Treatment Plants (CETPs).
The majority of STPs and CETPs use treatment methods that are Zero Liquid Discharge (ZLD) compliant, and the treated water can be used in process industries including horticulture, washing, refrigeration, and others.
Under programs like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) & National Mission of Clean Ganga (NMCG) for projects in urban areas, the Central Government partially funds WWTPs and WSSPs.
The Jal Jeevan Mission (JJM) & other Central Government programs provide funding for WSSPs in a similar manner in rural regions of the nation.
Solutions
Since they have a team for planning, engineering, and building on staff, they are independent in every facet of their operation.
In order to assure compliance with and adherence to the quality standards established by the industry and governmental agencies & departments, they have a team of 57 engineers who are assisted by outside consultants and industry experts.
They furthermore employ their own staff for civil building projects, avoiding reliance on outside parties. The range of their services normally comprises project design and engineering, raw material acquisition, execution on site with general project management, and project commissioning.
Operations after commissioning, and In recent years, maintenance of these plants for a predetermined amount of time has typically been included in the award.
Enviro Infra Engineers IPO
Enviro Infra Engineers Limited, headquartered in Visakhapatnam has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 95,00,000 Equity Shares on 26 September 2022.
The offer doesn’t includes a fresh issue and there is offer for sale (OFS) of 95,00,000 Equity Shares by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 148.49 | 112.13 | 110.70 | ||
| Total Revenue | 225.62 | 126.20 | 109.37 | ||
| Profit After Tax | 34.55 | 8.61 | 5.21 | ||
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 2.03 | 2.03 | 3 |
| Financial Year 2021 | 3.36 | 3.36 | 2 |
| Financial Year 2022 | 13.49 | 13.49 | 1 |
| Weighted Average | 8.20 | 8.20 | |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
Enviro Infra Engineers limited feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- Internal engineering, design, and execution teams.
- Numerous projects are ordered around India.
- Powerful execution skills, on-time delivery, and a proven track record.
- WSSP and WWTP installation and building using cutting-edge technology.
- Senior management team and knowledgeable promoters.
Enviro Infra Engineers Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | VA Tech Wabag Ltd | 13.14 |
| 2 | 10 | ION Exchange (India) Ltd | 15.96 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on September 09, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
Enviro Infra Engineers IPO Details
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 95,00,000 Equity Shares |
| Fresh Issue | 0 |
| Offer for Sale | 95,00,000 Equity Shares |
Enviro Infra Engineers IPO Date
Enviro Infra Engineers Limited IPO opening date is January 2023, and the closing date is January 2023. The Enviro Infra Engineers issue may list in January 2023.
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Basis of Allotment Date | January 2023 |
| Initiation of Refunds | January 2023 |
| Credit of Shares to Demat Account | January 2023 |
| IPO Listing Date | January 2023 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 35 | Minimum 1 lot based on availability |
Enviro Infra Engineers IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Enviro Infra Engineers IPO.
Enviro Infra Engineers IPO GMP
Enviro Infra Engineers Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
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Check Out the GMP of all Other IPOs
Enviro Infra Engineers Limited IPO Review
Enviro Infra Engineers Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Enviro Infra Engineers IPO is good or bad.
Enviro Infra Engineers Limited IPO Risk
- They submit bids for the Central and State Government-funded WWTPs and WSSPs, and the contracts that are handed to them are what bring in the money.
- Their projects are chosen by government authorities or bodies after a competitive bidding process. They might not be able to meet the requirements for, compete for, and win future projects, which would be bad for business, Cash flow and opertional resluts.
- For project implementation, they rely on their own designing, engineering, and construction teams. Losing an employee or employees could have a negative impact on how their initiatives are carried out.
- For HAM projects, penalties and contract termination are possible if financial closing and finance arrangements are not made within a given time frame.
Other Threats
- Their Order Book might not accurately predict their future performance, & their actual revenue might be far lower than the projections made in their Order Book, which would have a negative impact on their operational results.
- Not taking advantage of government policy measures in the market for water & wastewater treatment.
- Their design and engineering teams’ ability to accurately complete the prebid engineering studies for new projects is crucial to their business.
- In order to install their WWTPs & WSSPs, they rely on a variety of third parties, and variables impacting how well they fulfill their commitments could have a negative impact on their projects.
- Their firm may suffer as a result of rising labor and work contact costs and construction material prices.
Projects
Till date, they have successfully finished 22 projects with a capacity of more than 10 MLD. They have created 20 WWTPs and WSSPs with a combined capacity of 430.20 MLD in just the last five years.
They think they have a proven track record of completing projects on schedule and effectively. Their main goal is to use their great planning and execution skills to finish projects quickly while maintaining high engineering and construction standards.
Their project management teams ensure operational efficiencies by overseeing the entire manufacturing and project execution process in collaboration with the design and engineering team.
Enviro Infra Engineers Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Enviro Infra Engineers IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Enviro Infra Engineers Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| January 2023 | 1 | |||||
| January 2023 | 2 | |||||
| January 2023 | 3 |
Enviro Infra Engineers Limited Management
Since the beginning of their business, their Promoters, Sanjay Jain and Manish Jain, have been crucial in fostering their growth. Both are qualified experts with a combined expertise of more than two (2) decades in the water & waste-water treatment industry.
Their senior management team has been instrumental in the expansion of their company and is well qualified and experienced in the execution of WWTP & WSSP projects.
In order to achieve high levels of customer satisfaction, their internal process systems and motivated senior management team work in tandem.
The 57 professionals on their internal engineering and design team have the requisite knowledge and experience to create intricate architectural and/or structural designs depending on the conceptual needs of their clients.
Enviro Infra Engineers Limited‘ Promoters
- Sanjay Jain
- Manish Jain
Principal Shareholder’s Holding
| Pre Issue Share Holding | 79.51% |
| Post Issue Share Holding |
Enviro Infra Engineers Limited Prospectus
Contact Details
Enviro Infra Engineers Limited
Unit No 201, Second Floor, Plot No. B, CSC/OCF-01,
RG Metro Arcade, Sector -11, Rohini, Delhi
North West 110085, India
Tel:+91 11 4059 1549
E-mail: [email protected]
Website: www.eiel.in
Registrar
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093,
Maharashtra, India
Telephone: +91 22 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Lead Manager(s)
- Hem Securities Limited
We hope we are able to answer all your questions about Enviro Infra Engineers IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
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FAQ
Enviro Infra Engineers Limited IPO Opening Date?
Enviro Infra Engineers Limited IPO will open in January 2023.
Enviro Infra Engineers Limited IPO Listing Date?
Enviro Infra Engineers Limited IPO will list in January 2023.
Enviro Infra Engineers IPO GMP Today?
Enviro Infra Engineers IPO Grey Market Premium is INR 0 .
Enviro Infra Engineers Limited IPO Allotment Date?
Enviro Infra Engineers Limited IPO basis of allotment will be in January 2023.
Lot size for Enviro Infra Engineers Limited IPO?
Lot size for Enviro Infra Engineers Limited IPO is 0.
