Enviro Infra Engineers IPO Details, Financials, Valuation & Peers

By IPOBase•Last Updated on Nov 21, 2024

Explore Enviro Infra Engineers IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

Status

Upcoming

Biding Dates

22 Nov - 26 Nov 2024

Price Range

₹140 - ₹148

Min Investment

₹14,948

Lot Size

101 shares

Issue Size

₹650.43 crore

Overview

Enviro Infra Engineers Limited specializes in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities and bodies across India. Their projects, including Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs), utilize advanced processes like Zero Liquid Discharge (ZLD) for sustainability. The company also focuses on Water Treatment Plants (WTPs) and related infrastructure under government-backed initiatives like AMRUT, NMCG, and Jal Jeevan Mission (JJM). With a robust in-house team of engineers and a track record of delivering 28 WWTPs and WSSPs, the company combines technical expertise with a focus on sustainable solutions, such as integrating solar power and compressed biogas (CBG) plants.

Key Points:

Core Business
- Specialized in Water and Wastewater Treatment Plants WWTPs (STPs, CETPs, SS) and WSSPs (WTPs, pipelines, pumping stations).
- Expertise in Zero Liquid Discharge (ZLD) compliant processes.
- Focus on sustainable development with renewable energy integrations like solar and CBG.
Government Collaboration
- Executes projects under central and state government schemes, including AMRUT, NMCG, and JJM.
- Extensive experience working with Urban Local Bodies (ULBs) and State Governments.
Operational Strengths
- Completed 28 WWTPs and WSSPs in seven years, with 22 projects exceeding 10 MLD capacity.
- Current order book of 21 projects valued at ₹1,906.28 crore.
- Self-reliant operations with an in-house team of 180 engineers supported by third-party consultants.
Joint Ventures
- Partners with other infrastructure companies to enhance technical and financial capabilities.
- Currently executing five projects in collaboration with joint venture partners.
Sustainability Initiatives
- Installed solar power plants for captive use and grid supply.
- Developing Compressed Bio Gas (CBG) plants at projects in Jodhpur and Jaipur.
- Seven ongoing projects classified as "Projects contributing to Sustainable Development."
Comprehensive Services
- End-to-end project lifecycle management, including design, procurement, construction, commissioning, and post-commissioning operations and maintenance.

IPO Docs

Objects of the Issue

To meet the Working Capital Requirements;
Infusion of funds in the Subsidiary, EIEL Mathura Infra Engineers Private Limited (“EIEL Mathura”) to build 60 MLD STP under project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode.
Repayment/prepayment in full or in part, of certain of the outstanding borrowings;
Funding inorganic growth through unidentified acquisitions and general corporate purposes.

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

Fields	Details
IPO Dates	22 Nov - 26 Nov 2024
IPO Price Band	₹140 - ₹148 per share
Fresh Issue	3,86,80,000 shares (₹572.46 crore)
Offer For Sale	52,68,000 shares (₹77.97 crore)
Total IPO Size	₹650.43 crore
Face Value	₹10
Listing On	BSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

Event	Date
IPO Opening Date	22 Nov 2024
IPO Closing Date	26 Nov 2024
Basis Of Allotment	27 Nov 2024
Refunds	28 Nov 2024
Demat Transfer	28 Nov 2024
IPO Listing Date	29 Nov 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Jun 2024
Total Income	225.62	341.66	738.00	207.46
Total Expenses	179.55	267.07	588.19	164.34
Net Profit/Loss	11.52	19.25	41.24	13.15
NPM (*)	15.46	16.26	15.17	15.00
Total Assets	148.27	347.58	761.19	812.87
Total Liabilities	76.63	220.70	470.60	492.25

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Jun 2024
EPS	2.70	4.29	8.13	2.25
ROE (%)	63.58	55.50	51.68	10.07
ROCE (%)	56.16	43.33	32.34	8.24
D/E Ratio	0.25	0.51	0.80	0.95
Current Ratio	1.67	1.45	1.54	1.72
EBITDA MARGIN (%)	22.38	24.16	23.23	24.99

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

Name	Revenue	P/E	EPS	RoNW	NAV
Enviro Infra Engineers Limited	728.92	18.20	8.13	37.83	21.48
EMS Limited	793.31	25.92	29.38	19.09	143.73
ION Exchange Limited	2,347.85	38.68	16.53	19.23	69.40
Va Tech Wabag Limited	2,856.40	43.90	39.49	13.50	292.43
Vishnu Prakash R Punglia Limited	1,473.87	25.31	10.95	16.95	57.85

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

IPO Reservation

Investor Type	Shares Offered
Qualified Institutional Buyer (QIB)	Not less than 50%
Non-Institutional Investor (NII/HNI)	Not more than 15%
Retail Individual Investor (RII)	Not more than 35%

Subscription Data from NSE and BSE

As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.

IPO Registrar

Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Company Promoters

SANJAY JAIN
MANISH JAIN
RITU JAIN
SHACHI JAIN

Lead Managers

Hem Securities Limited

Company Address

Enviro Infra Engineers Limited

Unit No 201, Second Floor, Plot No. B, CSC/OCF-01, RG Metro Arcade, Sector -11, Rohini, Delhi North West 110085, India

Phone: +91 11 4059 1549

Email: cs@eiepl.in

Website: www.eiel.in

FAQs

What is the issue size of the Enviro Infra Engineers IPO?
The Enviro Infra Engineers IPO has an issue size of ₹650.43 crore. This includes a fresh issue of 3,86,80,000 shares (₹572.46 crore) and an offer for sale (OFS) of 52,68,000 shares (₹77.97 crore).
What is the price band of the Enviro Infra Engineers IPO?
The price band for the Enviro Infra Engineers IPO is ₹140 - ₹148 per share.
What are the bidding dates for the Enviro Infra Engineers IPO?
The Enviro Infra Engineers IPO will open for bidding on 22 Nov 2024 and close on 26 Nov 2024.
What is the allotment date for the Enviro Infra Engineers IPO?
The allotment date for the Enviro Infra Engineers IPO is 27 Nov 2024.
What is the minimum lot size and investment required for the Enviro Infra Engineers IPO?
The minimum lot size for the Enviro Infra Engineers IPO is 101 shares and the minimum investment required is ₹14,948.
What is the listing date for the Enviro Infra Engineers IPO?
The listing date for the Enviro Infra Engineers IPO is 29 Nov 2024.
What is the Enviro Infra Engineers IPO grey market premium?
The grey market premium (GMP) for the Enviro Infra Engineers IPO is currently at ₹35, with an expected listing gain of approximately 23.65%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.