Enviro Infra Engineers IPO
Enviro Infra Engineers IPO — date, price band, lot size & details 2024
Enviro Infra Engineers listed on 29 Nov 2024 at ₹220, 48.6% above the ₹148 issue price.
Enviro Infra Engineers designs, builds, operates and maintains water and wastewater treatment plants and water supply schemes for government bodies. Its total income was Rs 738.00 crore in FY2024.
Stock price
Enviro Infra Engineers is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 22 Nov 2024
- Close 26 Nov 2024
- Allotment 27 Nov 2024
- Refund/credit 27 Nov 2024
- Listing 29 Nov 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 26 Nov, 2024 |
|---|---|
| Price Band | ₹140 – ₹148 |
| Face Value | ₹10 |
| Lot Size | 101 Shares |
| Issue Size | ₹650.3 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 13.00 per share |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,948 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 101 shares at the ₹148 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 101 | ₹14,948 |
| Retail (max) | 13 | 1,313 | ₹1,94,324 |
| S-HNI (min) | 14 | 1,414 | ₹2,09,272 |
| S-HNI (max) | 66 | 6,666 | ₹9,86,568 |
| B-HNI (min) | 67 | 6,767 | ₹10,01,516 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 225.62 crore in FY2022 to Rs 738.00 crore in FY2024.
- 02Profit after tax rose from Rs 34.55 crore in FY2022 to Rs 110.54 crore in FY2024.
- 03The pre-issue P/E was 18.32 at the upper band of Rs 148, based on EPS of Rs 8.08.
- 04Rs 572.35 crore of the issue was fresh capital.
- 05The source puts the PAT margin at 15.17% and return on net worth at 37.83%.
Risks · 5
- 01Total borrowing rose from Rs 18.11 crore on 31 March 2022 to Rs 305.59 crore on 30 June 2024.
- 02Most work is for government bodies, so payment delays can lock up working capital, and the source puts debt to equity at 0.80.
- 03Contracts are won by bidding, so order inflow can be uneven, and profit was Rs 30.78 crore in the three months to 30 June 2024.
- 04Growth has been very fast, from Rs 341.66 crore of income in FY2023, which needs strong execution.
- 05Promoters held 93.66% before the issue and 70.02% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Enviro Infra Engineers offer document.
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 812.87 | 761.19 | 347.58 | 148.27 |
| Total Income | 207.46 | 738.00 | 341.66 | 225.62 |
| Profit After Tax | 30.78 | 110.54 | 54.98 | 34.55 |
| NET Worth | 323.00 | 292.18 | 126.51 | 71.62 |
| Total Borrowing | 305.59 | 233.59 | 64.54 | 18.11 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Enviro Infra Engineers RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Enviro Infra Engineers IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹8.08 | ₹7.01 |
| P/E Ratio (x) | 18.32 | 21.10 |
| Market Cap at Offer Price (₹ Cr) | ₹563.79 | ₹649.85 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹148 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹517.27 Cr of the issue is earmarked to named objects.
Enviro Infra Engineers IPO Anchor Investors
22 anchor investors across 15 fund houses committed ₹194.68 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its WWTPs include sewage treatment plants, sewerage schemes and common effluent treatment plants, and its WSSPs include water treatment plants with pumping stations and pipelines.
It provides EPC services on a fixed-sum turnkey basis and on an item rate basis. Its promoters are Sanjay Jain, Manish Jain, Ritu Jain and Shachi Jain.
The IPO was Rs 650.3 crore, with Rs 572.35 crore of fresh issue and Rs 77.95 crore of offer for sale by the promoters. Fresh money was planned for working capital, a sewage treatment project and repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Enviro Infra Engineers IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Hem Securities Ltd.
20 issues handled (3 mainboard, 17 SME)Best listing: Credent Connect N Care (+90.0%). Weakest: E to E Transportation Infrastructure (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Enviro Infra Engineers?
The current Grey Market Premium is ₹55, or 37% over the issue price.
What is the Enviro Infra Engineers IPO price band?
₹140 to ₹148, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 November 2024, with listing on 29 November 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
