Enviro Infra Engineers IPO DetailsEnviro Infra Engineers IPO DateThe Enviro Infra Engineers IPO will open for subscription on November 22, 2024, and the closing date for the IPO is November 26, 2024, according to the offer document filed by the company with the SEBI. After this, investors are expected to be updated about the allotment status on Wednesday, November 27, 2024. Investors who have been allotted shares can expect them to be credited to their demat account on November 28, 2024. The shares will be listed on the NSE and the BSE on Friday, November 29, 2024. Enviro Infra Engineers IPO Price Band The IPO combines a fresh issue and an offer-for-sale (OFS) component. The IPO price band has been set between ₹140 to ₹148 per share. Interested investors can choose a price within this band to apply for the IPO. The IPO is a book-building issue of ₹650.43 crore, with a fresh issue of 3.87 crore shares (amounting to ₹572.46 crore) and an offer for sale of 0.52 crore shares (totalling ₹77.97 crore). The Enviro Infra Engineers IPO listing price will be determined on November 29, 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. Enviro Infra Engineers IPO Lot Size The Enviro Infra Engineers IPO details have been declared. The minimum lot size for an application is 101 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹650.43 crore. |
About Enviro Infra Engineers
Incorporated in June 2009, Enviro Infra Engineers designs, constructs, operates and maintains Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities and local bodies. Its expertise includes Sewage Treatment Plants (STPs), Sewerage Schemes (SS), Common Effluent Treatment Plants (CETPs) and Water Treatment Plants (WTPs), as well as related infrastructure like pumping stations and pipelines for water supply. The company has successfully developed 28 WWTPs and WSSPs over the last seven years, including 22 projects with capacities of 10 MLD or more. As of June 30, 2024, its order book includes 21 ongoing projects valued at ₹1,906.2 crore. These projects are allocated to the company after successful bidding for the tenders issued by state governments and urban local bodies (ULBs). For project development, the company has an in-house team of 180 engineers that handles the projects entirely, from design and procurement to execution and commissioning. Additionally, the company engages in joint ventures with other infrastructure and construction firms to achieve pre-qualification for higher-valued projects. As of June 30, 2024, Enviro Infra Engineers has executed 5 WWTPs and WSSPs projects in partnership with joint venture partners. Between FY22 and FY24, it saw a CAGR rise of over 48% in its revenue from operations and 46.5% in its net profit. Moreover, the global water and wastewater treatment market is expected to grow at a CAGR of 6.1% to reach $521 billion by 2033, which indicates steady industry growth. Besides this, the rising demand for water and the growing need for wastewater treatment in emerging economies like India will likely be positive for the company. Now, Enviro Infra Engineers Limited is launching its initial public offer (IPO). The total IPO issue size is ₹650.43 crore, comprising fresh issues and offer for sale. Its shares will be listed on the NSE and BSE. Company Name: Enviro Infra Engineers Limited Company Established On: June 19, 2009 Company Type: Private Limited Company CEO : Sanjay Jain MD : Manish Jain Financial snapshot
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Enviro Infra Engineers IPO AnalysisStrengths and opportunities
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How to apply for the Enviro Infra Engineers IPOIf you are interested to invest in Enviro Infra Engineers IPO, following are the steps to apply:
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Pre-applying for the Enviro Infra Engineers IPO means applying for this public issue before it goes live.
You can pre-apply for the Enviro Infra Engineers IPO from November 20, 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Enviro Infra Engineers IPO opens for the subscription.
The Enviro Infra Engineers IPO launch date is November 22, 2024. The Enviro Infra Engineers IPO will be open for subscription till November 26, 2024.
The minimum lot size for an application is 101 shares and the minimum investment required by retail investors is ₹14,140.
The Enviro Infra Engineers IPO price band is ₹140 to ₹148 per share.
The size of the Enviro Infra Engineers IPO is approx. ₹650.43 crores
You can place up to three bids for an application
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on November 28, 2024.
Enviro Infra Engineers shares will be on NSE and BSE.
The listing date for Enviro Infra Engineers shares is November 29, 2024.
Enviro Infra Engineers has an employee discount of ₹13 per share.