UdhyamPitch

Enviro Infra Engineers is into Infrastructure Waste Water Treatment and is looking raise funds through Fresh Issue and Offer For Sale

Enviro Infra EngineersIPO: Fresh Issue of 44,232,000 Equity Shares through public issue. Offer of Sale of 5,268,000 Equity Shares through public issue IPO

Enviro Infra Engineers IPO: Enviro Infra Engineers Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 10 per share via initial public offering.

Promoters of Enviro Infra Engineers are Sanjay Jain, Manish Jain, Ritu Jain and Shachi Jain and holds 93.66% stake in the company.

Key Details:

• Initial Public Offer comprising of a Fresh Issue Up to 4,42,32,000 Equity Shares and an Offer for Sale of Up to 52,68,000 Equity Shares.
• Hem Securities have been appointed as lead merchant bankers for the proposed IPO.
• It has appointed Bigshare Services Pvt. Ltd. as Registrar and Share transfer Agent.
• Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Fresh Issue of up to 44,232,000 Equity Shares offer-for-sale (OFS) of up to 5,268,000 equity shares by OFS consists of upto 4,42,32,000 Equity shares is from Promoter and Promoters Group Selling Shareholders...

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Objects of the issue:
1) Rs1810 cr towards Working Capital, 2) Rs300 cr capex towards investment into Subsidiary, EIEL Mathura Infra Engineers, 3) Rs1000 towards Repayment/prepayment of debt and., and 4) General corporate purposes.

About Company:
Established in 2009, Enviro Infra Engineers is into Water and wastewater segment. Company is into 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.

This is the second time when company is filing DRHP with SEBI. Earlier in Sep'2022, it planned to raise funds through Fresh Issue of upto 95,00,000 equity share however later could not proceeded through this IPO process.

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About Industry:
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.

Source: SEBI, BSE, NSE, DRHP, Enviro Infra Engineers, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.