India News Get -BusinessEnviro Infra Engineers: IPO Opens – Listing Date, Share Price | Min Max Investment Guide
The Enviro Infra Engineers Limited IPO will open on November 22. Investors will be able to bid on this public issue until 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 size of this issue 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.
What is the minimum and maximum amount that can be invested?
The company has set the price band at ₹140-148 per share. There will be 101 shares in one lot. Investors can bid for a minimum of 101 shares and thereafter in multiples of the same number. A retail investor would need at least ₹14,948 to bid for one lot (101 shares) in the Enviro Infra Engineers IPO.
While retail investors can apply for a maximum of 14 lots, or 1,414 shares. For this, investors will have to invest ₹209,272 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 reported revenue of ₹207.46 crore and net profit of ₹29.97 crore.
The company works in the field of water and wastewater treatment plants. Enviro Infra Engineers Limited (EIEL) undertakes the design, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Systems Projects (WSSPs). 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.