India News Get -BusinessEnviro Infra Engineers IPO – Listing Date, Subscription Details | Min Max Investment Guide
Today is the second day of bidding for the IPO of Enviro Infra Engineers Limited. This IPO was subscribed a total of 2.09 times on the first day. This IPO was subscribed 1.73 times in the retail category, 2.04 times in the Qualified Institutional Buyers (QIB) category and 2.99 times in the Non-Institutional Investors (NII) category.
Investors will be able to bid on this issue until tomorrow, November 26. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 29. The issue size of this IPO is ₹650.43 crore. The company plans to issue a total of 4,39,48,000 shares. This includes a fresh issue of 3,86,80,000 new shares, while the promoters will sell 52,68,000 shares. The face value of each share has been fixed at ₹10.
If you are also planning to invest money in it, we tell you how much you can invest in it.
What is the minimum and maximum amount that can be invested? Enviro Infra Engineers has set the IPO price band at ₹140 to ₹148 per share. Individual investors can bid on at least one lot, i.e. 101 shares. If you are applying for 1 lot as per the upper IPO price band of ₹148, then you will need to invest ₹14,948 for that.
At the same time, retail investors can apply for a maximum of 13 lots, or 1,313 shares. For this, investors will have to invest ₹194,324 as per the upper price band.
Will the company use the funds? The company will use the money received from this IPO for many important purposes. These include meeting our daily needs, investing in EIEL Mathura Infra Engineers Private Limited and constructing a 60 MLD sewage treatment plant in Mathura. Along with this, the company will repay some of its old debts and invest the money for general business purposes.
How has the company performed financially? If we look at the financial performance of Enviro Infra Engineers Limited, the company has consistently performed well over the last three financial years. The company’s total consolidated revenue in FY22 was ₹225.62 crore and net profit was ₹34.55 crore.
This increased to ₹341.66 crore and ₹55.34 crore in FY23. In FY24, the company reported a revenue of ₹738.00 crore and a profit net of ₹108.57 crore. In Q1FY25, the company posted a revenue of ₹207.46 crore and a net profit of ₹29.97 crore.
Enviro Infra Engineers Limited (EIEL) is involved in the design, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTP) and Water Supply System Projects (WSSP). ). This work is mainly done for government institutions.
The company’s WWTP includes wastewater treatment plants (STP), sewerage systems (SS) and common effluent treatment plants (CETP), while the WSSP includes water treatment plants ( WTP), pumping stations and laying pipes for water supply.
What is IPO? When a company issues its shares to the general public for the first time, it is called an initial public offering, i.e. an IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises funds by selling some shares to the public or issuing new shares. For this, the company brings an IPO.