Enviro Infra Engineers is into Infrastructure Waste Water Treatment sector and is looking raise funds through Fresh Issue and Offer For Sale
IPO Summary
Enviro Infra Engineers IPO is a public offering of shares by Sanjay Jain, Manish Jain, Ritu Jain and Shachi Jain. The IPO will open on November 22 and will close on November 26. The price band is ₹140 to ₹148 per share and the lot size is 101 shares. The issue size is ₹650.43 crore. The shares are expected to be listed on NSE, BSE on November 29 (^). Some additional information that you may find useful are: Revenue from operations during 9MFY24 at Rs4285 cr (v/s Rs3381 cr / Rs 2235 cr in FY23/FY22) | EBITDA during 9MFY24 at Rs836 cr (v/s Rs 816 / Rs 500 cr in FY23/ FY22) | PAT in 9MFY24 at Rs533 cr (v/s Rs550 cr / Rs346 cr in FY23/FY22): (**) - based on higher price band (^) indicative datePromoters of the company are Sanjay Jain, Manish Jain, Ritu Jain and Shachi Jain Currently promoters hold 93.66% stake in the company. While post-equity promoters stake will be 70.02%
- Company aims to raise between Rs 615 to 650 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Rs1810 cr towards Working Capital 2) Rs300 cr capex towards investment into Subsidiary, EIEL Mathura Infra Engineers 3) Rs1200 towards Repayment/prepayment of debt and and 4) General corporate purposes
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 21-Nov-24.
- Price band for the IPO has been fixed at Rs 140 to 148 per share and bid lot are in multiple of 101 shares. The implied market cap post-issue at Rs 2,457 to 2,598 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on November 27 and share are expected to be listed on NSE, BSE on November 29.
- Company has direct peer competition in India'a Water and wastewater industry. In Listed space peers include EMS Limited, ION Exchange Limited, Va Tech Wabag Limited and Vishnu Prakash R Punglia Limited among others.
- Hem Securities has been appointed as Merchant Banker to the issue. Bigshare Services Pvt. Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of Enviro Infra Engineers IPO:
| Enviro Infra Engineers Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2009 | Delhi | Infrastructure | Waste Water Treatment |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh+OFS) | Book Building | 29-Nov-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 22-Nov-24 to 26-Nov-24 | ₹ 140 to 148 per sh | ₹ 10 per sh | 101 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 101 shares ₹ 14,948 | 1,313 shares up to ₹ 194,324 | 1,414 to 6,666 shares ₹ 209,272 to 986,568 | 6,767 shares and above ₹ 1,001,516 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Enviro Infra Engineers Limited
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.
Revenue from operations during 9MFY24 at Rs4285 cr (v/s Rs3381 cr / Rs 2235 cr in FY23/FY22) | EBITDA during 9MFY24 at Rs836 cr (v/s Rs 816 / Rs 500 cr in FY23/ FY22) | PAT in 9MFY24 at Rs533 cr (v/s Rs550 cr / Rs346 cr in FY23/FY22)
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.
| Enviro Infra Engineers Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 21-Nov-24 |
| IPO Open | 22-Nov-24 |
| IPO Close | 26-Nov-24 |
| Allotment | 27-Nov-24 |
| Credit of Shares | 28-Nov-24 |
| Refund | 28-Nov-24 |
| Listing | 29-Nov-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Enviro Infra Engineers Limited IPO - Management Details: | |
|---|---|
| Manish Jain, Managing Director | |
| Sanjay Jain, Chairman and Whole time Director | |
| Sunil Chauhan, Chief Financial Officer | |
| Piyush Jain, Company Secretary and Compliance Officer | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| Enviro Infra Engineers Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 21,924,000 | NA | 324.48 |
| Non-Retail (NII) | 15 | NA | 6,577,200 | NA | 97.34 |
| Non-Retail (NII): >Rs10L | NA | 4,384,800 | NA | 64.9 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 2,192,400 | NA | 32.45 | |
| Retail | 35 | NA | 15,346,800 | NA | 227.13 |
| Employee | NA | 100,000 | . | . | |
| Shareholder | NA | 100,000. | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Enviro Infra Engineers Limited - IPO Merchant Bankers: |
|---|
| Hem Securities |
| Enviro Infra Engineers Limited - IPO Registrar & Transfer Agent (RTA): |
|---|
| Bigshare Services Pvt. Ltd. E/2, ANSA INDUSTRIAL ESTATE, SAKI-VIHAR ROAD, SAKINAKA, ANDHERI (E) MUMBAI MAHARASHTRA 400072 |
Check IPO Allotment status of Enviro Infra EngineersIPO:
| Enviro Infra Engineers Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Enviro Infra Engineers Limited - Documents | |
|---|---|
Disclaimer:
Above article only publishes details on the companies and about forthcoming / upcoming IPO' and are solely intended for educational purpose. We don't solicit or invite any interest of user to invest in any of the investment products. Please review DRHP/RHP/Prospectus for more details about the company, fundamentals and other details. Please visit respective sources to verify and know more details about the IPO. SME IPOs can be more volatile due to smaller market capitalization and liquidity. Prices may fluctuate significantly in response to market conditions. We advise users and/or investors to take opinion from certified and SEBI registered experts before taking any investment decisions.
| Source: SEBI, BSE, NSE |
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