Enviro Infra Engineers Limited IPO is going to open on November 22 to raise Rs 650.43 crore. Before subscription, here are 10 important things to know about Enviro Infra Engineers Limited IPO.

1) What is the business overview of Enviro Infra Engineers Limited?

Enviro Infra Engineers Limited was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs) for government agencies/institutions. WWTPs include sewage treatment plants (STPs), sewerage schemes (SS), and common effluent treatment plants (CETPs), while WSSPs include water treatment plants (WTPs) with pumping stations and laying of pipelines for water supply. The company participates in tenders issued by state governments and ULBs to develop WWTPs and WSSPs on an EPC or HAM basis. As of June 30, 2024, the company has successfully developed 28 WWTPs and WSSPs across India in the last seven years, including 22 projects of 10 MLD capacity and above.
 

2) What is the current GMP of Enviro Infra Engineers IPO?

According to market analysts, the current GMP of Enviro Infra Engineers IPO is Rs 31, which is 20.9% higher than the cap price.
 

3) What is the issue size of Enviro Infra Engineers IPO?

This is a book-built issue of Rs 650.43 crore. It is a combination of a fresh issue of 3.87 crore shares worth Rs 572.46 crore and 53 lakh offer-for-sale shares worth Rs 77.97 crore. Sanjay Jain, Manish Jain, Ritu Jain, and Shashi Jain are the promoters of the company.

4) What is the price band of Enviro Infra Engineers IPO?

Enviro Infra Engineers has fixed a price band of Rs 140-148 for its IPO. The minimum lot size with one application is 101 shares. The minimum investment amount for retail investors is Rs 14,948.

5) What is the issue structure of IPO?

Approximately 50% of the public offering is reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.
 

6) How is the financial performance of Enviro Infra Engineers IPO?

Enviro Infra Engineers Limited's revenue grew by 116% and profit after tax (PAT) grew by 101% between the financial year ending March 31, 2024 and March 31, 2023. In FY24, the company's revenue was Rs 738 crore, and profit after tax was Rs 110.54 crore. In the current financial year till the period ending June 30, 2024, the company's revenue was Rs 207.46 crore, and profit after tax was Rs 30.78 crore.
 

7) What are the objectives of IPO?

The proceeds from the issue will be used to meet working capital requirements, fund the company's subsidiary for the construction of 60 MLD STP under the 'Mathura Sewerage Yojana' project, including operation and maintenance for 15 years through a hybrid annuity-based PPP model, and repay certain debt.
 

8) When is the share allotment and listing date of Enviro Infra Engineers IPO?

Share allotment for the IPO will likely be finalized on November 27 and the company is expected to list on BSE, and NSE on November 29.

9) Who are the book-running lead managers for the IPO?

Hem Securities is the sole book-running lead manager.
 

10) Who is the registrar for Enviro Infra Engineers IPO?

Bigshare Services is the registrar of the public issue.