Enviro Infra IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
Enviro Infra IPO opens on November 22, 2024, and closes on November 26, 2024. The IPO, a Book Built Issue, aims to raise approximately ₹650 crores, consisting of a fresh issue of ₹572 crores and an offer for sale of up to 52,68,000 equity shares, each with a face value of ₹10.
The price band for the Enviro Infra IPO is ₹140 to ₹148 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. The IPO will be listed on BSE and NSE on November 29, 2024. The allotment date is set for November 27, 2024.
For FY 2023, Enviro Infra reported revenue of ₹338.10 crores, up from ₹223.53 crores in FY 2022. The company’s profit also grew, with ₹55.34 crores in 2023 compared to ₹34.55 crores in 2022. Based on these financials, the IPO is recommended for long-term investors.
Enviro Infra IPO Details
- IPO Open Date: 22 November 2024
- IPO Close Date: 26 November 2024
- Face Value: ₹10 per equity share
- IPO Price Band: ₹140 to ₹148 per share
- Issue Size: Approx. ₹650 Crores (43,948,000 shares)
- Fresh Issue: Approx. ₹572 Crores (38,680,000 shares)
- Offer for Sale: Approx. 52,68,000 equity shares
- Issue Type: Book Built Issue
- IPO Listing: BSE & NSE
- Retail Quota: Not more than 35%
- QIB Quota: Not more than 50%
- NII Quota: Not more than 15%
- EMP Discount: ₹13 per equity share
Enviro Infra IPO Market Lot
- Retail Minimum: 101 shares, ₹14,948
- Retail Maximum: 1,313 shares, ₹1,94,324
- S-HNI Minimum: 1,414 shares, ₹2,09,272
- B-HNI Minimum: 6,767 shares, ₹10,01,516
Enviro Infra IPO Important Dates
- IPO Open Date: 22 November 2024
- IPO Close Date: 26 November 2024
- Basis of Allotment: 27 November 2024
- Refunds: 28 November 2024
- Credit to Demat Account: 28 November 2024
- IPO Listing Date: 29 November 2024
Promoters of Enviro Infra IPO
- Mr. Sanjay Jain
- Mr. Manish Jain
- Mrs. Ritu Jain
- Mrs. Shachi Jain
About Enviro Infra IPO
Enviro Infra Private Limited, established in 2009, specializes in developing water and wastewater treatment plants. The company designs and constructs water, sewage, and effluent treatment plants for government and industrial sectors, addressing critical water management needs. Over the last seven years, the company has completed 26 wastewater treatment and sanitation projects across India, including 20 with a capacity of 10 MLD or higher. Financially, Enviro Infra shows strong growth with revenue of ₹428.57 crores for FY 2024 (nine months), ₹338.10 crores in FY 2023, ₹223.53 crores in FY 2022, and ₹124.12 crores in FY 2021. Its EBITDA margin was 24.16% in the previous year.
Enviro Infra IPO Financials
The company reported the following financials (₹ in crores):
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2021 | ₹124.12 | ₹114.54 | ₹8.61 | ₹112.13 |
| 2022 | ₹223.53 | ₹179.55 | ₹34.55 | ₹148.27 |
| 2023 | ₹338.10 | ₹267.07 | ₹55.34 | ₹347.59 |
| Dec 2023 | ₹428.57 | ₹362.53 | ₹51.88 | ₹519.78 |
Enviro Infra IPO Valuation (FY 2023)
- ROE: N/A
- ROCE: N/A
- EBITDA Margin: 24.16%
- PAT Margin: 16.26%
- Debt to Equity Ratio: 0.51
- Earnings Per Share (EPS): ₹4.29 (Basic)
- Price/Earnings (P/E) Ratio: N/A
- Return on Net Worth (RoNW): 43.46%
- Net Asset Value (NAV): ₹9.88
Peer Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| EMS Limited | 23.16 | 24.03 | 21.94 | 104.41 | ₹543.28 Cr. |
| ION Exchange Limited | 16.60 | 30.87 | 23.35 | 70.31 | ₹2,030.68 Cr. |
| Va Tech Wabag Limited | 2.07 | 565.43 | 2.28 | 253.24 | ₹3,014.08 Cr. |
| Vishnu Prakash R Punglia Ltd | 10.41 | 18.81 | 29.03 | 33.66 | ₹1,171.46 Cr. |
Objectives of the Issue
The funds raised will be used for:
- Meeting working capital requirements.
- Infusing funds into the subsidiary, EIEL Mathura, for the development of a 60 MLD STP in Mathura, Uttar Pradesh.
- Repaying/Prepaying outstanding borrowings.
- Funding future projects and general corporate purposes.
Enviro Infra IPO Review
Various market analysts and brokers, including Canara Bank, IDBI Capital, and others, have provided their reviews for the IPO.
Enviro Infra IPO Registrar
- Registrar: Bigshare Services Pvt. Ltd.
- Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Andheri (East), Mumbai – 400 093
- Phone: +91 22 6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare
IPO Lead Managers (Merchant Bankers)
- Hem Securities Limited
- Company Address: Enviro Infra Engineers Limited, Unit No 201, Second Floor, Plot No. B, CSC/OCF01, RG Metro Arcade, Sector -11, Rohini, Delhi, 110085
- Phone: +91 11 4059 1549
- Email: cs@eiepl.in
- Website: Enviro Infra
Enviro Infra IPO FAQs
- What is Enviro Infra IPO?
Enviro Infra IPO is a main-board IPO with a size of ₹650 Crores. The issue price is ₹140 to ₹148 per equity share, and it will be listed on BSE & NSE. - When does Enviro Infra IPO open?
The IPO opens on November 22, 2024, and closes on November 26, 2024. - What is the investor portion?
The investor portion is 50% for QIB, 15% for NII, and 35% for Retail. - How to apply for Enviro Infra IPO?
You can apply via ASBA online through your bank account or stock broker, or fill up an offline form. - What is the issue size?
The issue size is ₹650 crores. - What is the price band?
The price band is ₹140 to ₹148 per share. - What is the lot size?
The minimum bid is 101 shares, amounting to ₹14,948. - What is the allotment date?
The allotment date is November 27, 2024. - What is the listing date?
The listing date is November 29, 2024.
