Enviro Infra Engineers Ltd Opens On November 22. Check IPO Details Issue Date Price

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Enviro Infra Engineers Ltd Opens On November 22. Check IPO Details Issue Date Price

November 21, 2024
Enviro Infra Engineers Ltd Opens On November 22. Check IPO Details Issue Date Price

Enviro Infra Engineers Limited is coming out with a fresh public issue to raise Rs. 650.30 crores from the market.

Below are the details of the Enviro Infra Engineers Limited IPO:

  • Issue opens – November 22 (Friday)
  • Issue closes – November 26 (Tuesday)
  • Issue size – Rs. 650.30 crores
  • Price band – Rs. 140 - 148 per equity share
  • Bid lot – 101 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Enviro Infra Engineers Limited are in the business of designing, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) alongwith pumping stations and laying of pipelines for supply of water (collectively, “Projects”). The treatment process installed at most of the STPs and CETPs is Zero Liquid Discharge (ZLD) compliant and the treated water can be used for horticulture, washing, refrigeration and other process industries.
  • They bids for tenders issued by State Governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. As on June 30, 2024, they have successfully developed 28 WWTPs and WSSPs across India in past seven (7) years which includes 22 projects with 10 MLD capacity and above. As of June 30, 2024, their Order Book includes 21 WWTPs and WSSPs for an aggregate value of ? 1,90,628.06 lakhs.
  • They have an in-house team for designing, engineering and construction which makes them self-reliant on all aspects of their business. They have a team of 180 engineers who are supported by third-party consultants and industry experts to ensure compliance and quality standards laid down by the industry and government agencies & departments. They also have their own team for civil construction works thereby reducing dependence on third parties. The scope of their services typically includes design and engineering of the projects, procurement of raw materials, execution at site with overall project management up to the commissioning of projects. Post commissioning, operations and maintenance of these plants for a certain period of time is generally a part of the award. They have a team of dedicated engineers and personnel focused on operations and maintenance of completed projects.
  • In addition to the execution of projects independently, they also enter into joint ventures with other infrastructure and construction companies to jointly bid and execute projects. Joint ventures or partnerships enable them to achieve pre-qualification, both technical and/or financial, with their joint venture partner at the time of the bid and where the bid is successful, they also execute the project with their joint venture partner considering the technical skill and qualification of the joint venture partner required to execute a particular project. As on June 30, 2024, they are executing 5 WWTPs and WSSPs projects in partnership with their joint venture partners.
Issue Size: Rs. 650.30 Cr.

Employee Reservation: Up to 1,00,000 equity shares

Employee Discount: Rs. 13 per share

Issue break-up:
QIB - 50 % of the net offer - Rs.  324.48 Cr
NIB - 15 % of the net offer - Rs.  97.34 Cr .
RET - 35 % of the net offer - Rs. 227.13 Cr

Listing: BSE & NSE

Registrar: Bigshare Services Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Tuesday, November 26, 2024.

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