About Enviro Infra Engineers Limited
Enviro Infra Engineers Limited was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and the laying of pipelines for water supply.
The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till June 30, 2024, the Company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.
Competitive strengths:
- In-house design, engineering, and execution team.
- Growing presence in existing regions with new projects.
- Diversified order book of projects across India.
- In-house execution capabilities with on-time delivery and an established track record of consistently increasing eligibility for high-value project tenders.
- Use of advanced technologies in the construction and installation of WWTPs or WSSPs.
- Experienced promoters and senior management team.
- Consistent financial performance
The company has an in-house team for designing, engineering, and construction. The company has a team of 180 engineers supported by external consultants and industry experts.
Objects of the Issue (Enviro Infra Engineers IPO Objectives)
OBJECTS OF THE OFFER
The Offer comprises a Fresh Issue of up to 3,86,80,000 Equity Shares of face value of ₹ 10 each aggregating up to ₹[●] lakhs and an Offer for Sale of up to 52,68,000 Equity Shares of face value of ₹ 10 each aggregating up to ₹ [●] lakhs by the Promoter Selling Shareholders.
Offer for Sale
The proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholders and will not form part of the Proceeds from the Fresh Issue. Our Company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will be entitled to the proceeds from the Offer for Sale, after deducting their share of the Offer related expenses and relevant taxes thereon.
The Promoter Selling Shareholders, severally and not jointly, have confirmed and authorized their respective participation in the
Offer for Sale, as stated below:
The Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following objectives:
- Fresh Offer
- Our Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following objects (collectively, referred
- to herein as the “Objects”):
- To meet the Working Capital Requirements;
- Infusion of funds in our 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 our outstanding borrowings;
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
In addition, we expect to achieve the benefit of listing of our Equity Shares on the Stock Exchanges.
The main objects and objects incidental and ancillary to the main objects of our Memorandum of Association enable our Company
to undertake (i) existing activities, and (ii) the activities proposed to be funded from the Proceeds from the Fresh Issue.
Enviro Infra Engineers IPO is a book built issue of Rs 650.43 crores. The issue is a combination of fresh issue of 3.87 crore shares aggregating to Rs 572.46 crores and offer for sale of 0.53 crore shares aggregating to Rs 77.97 crores.
Enviro Infra Engineers IPO bidding opened for subscription on November 22, 2024 and will close on November 26, 2024. The allotment for the Enviro Infra Engineers IPO is expected to be finalized on Wednesday, November 27, 2024. Enviro Infra Engineers IPO will list on BSE, NSE with tentative listing date fixed as Friday, November 29, 2024.
Enviro Infra Engineers IPO Details
| IPO Date | November 22, 2024 to November 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹148 per share |
| Lot Size | 101 Shares |
| Total Issue Size | 43,948,000 shares (aggregating up to ₹650.43 Cr) |
| Fresh Issue | 38,680,000 shares (aggregating up to ₹572.46 Cr) |
| Offer for Sale | 5,268,000 shares of ₹10 (aggregating up to ₹77.97 Cr) |
| Employee Discount | Rs 13 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 136,850,000 |
| Share holding post issue | 175,530,000 |
Enviro Infra Engineers IPO Reservation
Enviro Infra Engineers IPO offers 4,39,48,000 shares. 87,69,600 (19.95%) to QIB, 65,77,200 (14.97%) to NII, 1,53,46,800 (34.92%) to RII, 1,00,000 (0.23%) to employees and 1,31,54,400 (29.93%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,31,54,400 (29.93%) | NA |
| QIB Shares Offered | 87,69,600 (19.95%) | NA |
| NII (HNI) Shares Offered | 65,77,200 (14.97%) | |
| bNII > ₹10L | 43,84,800 (9.98%) | 3,100 |
| sNII < ₹10L | 21,92,400 (4.99%) | 1,550 |
| Retail Shares Offered | 1,53,46,800 (34.92%) | 1,51,948 |
| Employee Shares Offered | 1,00,000 (0.23%) | NA |
| Total Shares Offered | 4,39,48,000 (100%) |
Enviro Infra Engineers IPO Anchor Investors Details
Enviro Infra Engineers IPO raises Rs 194.69 crore from anchor investors. Enviro Infra Engineers IPO Anchor bid date is November 21, 2024. Enviro Infra Engineers IPO Anchor Investors list
| Bid Date | November 21, 2024 |
| Shares Offered | 13,154,400 |
| Anchor Portion Size (In Cr.) | 194.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 25, 2025 |
Enviro Infra Engineers IPO Timeline (Tentative Schedule)
Enviro Infra Engineers IPO opens on November 22, 2024, and closes on November 26, 2024.
| IPO Open Date | Friday, November 22, 2024 |
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Wednesday, November 27, 2024 |
| Initiation of Refunds | Wednesday, November 27, 2024 |
| Credit of Shares to Demat | Thursday, November 28, 2024 |
| Listing Date | Friday, November 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2024 |
Company Financials :
Enviro Infra Engineers Limited Contact Details
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
Phone: +91 11 4059 1549
Email: cs@eiepl.in
Website: http://www.eiel.in/
Review : All the information is available in RHP, so any view should be based on that. Above article is only for information purpose.