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TCS, HDFCBANK, SBI Liquid Fund (G)
Enviro Infra Engineers Ltd.

EIEL

Equity

BSE,NSE

Min. Investment

1,40,000.00

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IPO Details

Bidding Dates

22 Nov 24 - 26 Nov 24

Price Range ₹

140 - 148

Total Equity

650.43Cr

Lot Size

101

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

24.48×

Qualified Institutional Buyers

157.05×

Employees

37.77×

Retail Investors

24.48×

Total subscription Rate

89.90×

IPO Timeline

Offer start

22 Nov 2024

Offer end

26 Nov 2024

Allotment

27 Nov 2024

Refund initiation

27 Nov 2024

Demat transfer

28 Nov 2024

Listing

29 Nov 2024

About Company

Enviro Infra Engineers Limited, founded in 2009, specializes in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) as well as water supply projects (WSSPs) for government agencies and entities. The company's WWTP projects include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs). Meanwhile, its WSSP projects encompass Water Treatment Plants (WTPs), pumping stations, and the installation of water supply pipelines. Enviro Infra Engineers participates in tenders issued by state governments and Urban Local Bodies (ULBs) to develop WWTPs and WSSPs, either on an EPC (Engineering, Procurement, and Construction) or HAM (Hybrid Annuity Model) basis. As of June 30, 2024, the company successfully completed 28 WWTP and WSSP projects across India over the last seven years, including 22 projects with capacities of 10 MLD (million liters per day) or more. Competitive Advantages: - In-house team for design, engineering, and project execution. - Expanding presence in existing regions through new project acquisitions. - Diversified project order book across multiple regions in India. - Proven in-house capabilities for project execution with a strong track record of on-time delivery and increased eligibility for high-value project tenders. - Utilization of advanced technologies in the construction and installation of WWTPs and WSSPs. - Led by experienced promoters and a senior management team. - Consistent and robust financial performance. The company boasts an in-house team of 180 engineers, further supported by external consultants and industry experts for efficient project delivery.

Year Founded

19-06-2009

Promotor Details

Sanjay Jain

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage93.660
Share Capital1281750000

Offer to Public

4,39,48,000.00 Cr

Highlights

  • Proven track record of executing complex projects, demonstrating technical expertise and reliable project delivery capabilities.
  • In-house team of 180 engineers, providing high-quality work and minimizing reliance on third-party resources.
  • Commitment to sustainability through the integration of solar power and biogas solutions in operations.
  • Strong project portfolio with 28 completed large-scale projects as of June 30, 2024, ensuring a solid order book
  • Expertise in Zero Liquid Discharge (ZLD) water and wastewater treatment projects.

Challenges

  • Market dynamics and changes in government policies could create uncertainties affecting project execution and revenue generation.
  • Potential risks related to regulatory non-compliance may negatively impact operations and the company's reputation.
  • Early-stage initiatives in biogas and renewable energy projects carry execution and adoption challenges.
  • High dependence on debt financing can impact financial stability and profitability.
  • Heavy reliance on government contracts poses risks such as project delays, cancellations, or limited approvals.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202475,922.6213,685.0010,645.6410,843.107.9233
202111,155.94244.0010,645.6410,843.107.9233
202011,020.64244.003,454.863,455.022.6971
202334,648.552,562.0010,645.6410,843.107.9233
202214,750.83244.005,533.895,497.814.2918
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