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Enviro Infra IPO 2024: Key Details, Timeline, Financials & Analysis

Enviro Infra Engineers Limited, founded in 2009, specializes in constructing water and wastewater treatment plants. Catering to both government and industrial clients, the company has delivered 26 projects, including 20 with capacities of 10 MLD or higher, underscoring its expertise in water infrastructure.

IPO Details

  • Objective: The IPO aims to raise funds for:

    • Working capital needs.
    • Developing a 60 MLD STP in Mathura, Uttar Pradesh, via its subsidiary, EIEL Mathura Infra Engineers Private Limited.
    • Repaying outstanding borrowings.
    • Financing future projects and general corporate purposes.
  • Timeline:

    • Opening Date: November 22, 2024
    • Closing Date: November 26, 2024
    • Allotment Finalization: November 27, 2024
    • Refund: November 28, 2024
    • Listing Date: November 29, 2024 (on both BSE and NSE).
  • Financial Highlights:

    • Total issue size: ₹650 crores, comprising:
      • Fresh issue: ₹572 crores.
      • Offer for sale: 52,68,000 equity shares.
    • Price band: ₹140 – ₹148 per share.
    • Face value: ₹10 per share.
  • Investor Quotas:

    • Retail Investors: 35%.
    • Qualified Institutional Buyers (QIBs): 50%.
    • Non-Institutional Investors (NIIs): 15%.
  • Application Details:

    • Minimum lot size: 1 LOT – 101 shares (₹14,948 at upper price band).
    • Maximum application: 13 LOT – 1,313 shares (₹1,94,324).
    • Applications can be made online via ASBA or UPI, or through offline forms via stockbrokers.

Financial Performance

Enviro Infra has shown strong growth:

  • Revenue:
    • ₹124.12 crores in 2021 → ₹223.53 crores in 2022 → ₹338.10 crores in 2023.
  • Profit:
    • ₹8.61 crores in 2021 → ₹34.55 crores in 2022 → ₹55.34 crores in 2023.
      These figures reflect consistent revenue and profit increases, showcasing positive business momentum.

Key Personnel

The company is promoted by:

  • Mr. Sanjay Jain
  • Mr. Manish Jain
  • Mrs. Ritu Jain
  • Mrs. Shachi Jain

IPO Management

  • Lead Manager: Hem Securities Limited.
  • Registrar: Bigshare Services Pvt. Ltd.

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