Enviro Infra Engineers IPO
- Status: Upcoming
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shares
Minimum Investment
IPO Details
- Open Date
TBA
- Close Date
TBA
- IPO
Price Range
TBA
- IPO
Size
TBA
- Listing Exchange
TBA
- Listing Date
TBA
IPO Timeline
Last Updated: 10 April 2024 12:23 PM by 5Paisa
Enviro Infra Engineers IPO is likely to open in 2024. The company builds and manages Water and Wastewater Treatment Plants. The IPO includes a fresh issue of 95,00,000 Equity Shares. The share allotment date and listing date are yet to be announced. The price band and the lot size are yet to be declared.
Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Enviro Infra Engineers IPO:
• To fund working capital requirements.
• For corporate general purposes.
• To meet issues expenses.
Enviro Infra Engineers designs, constructs, operates and maintains Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies.
As of August 2022, the company has successfully established 22 WWTPs and WSSPs with a capacity of more than 10 MLD across India having an aggregate capacity of 550.80 MLD.
Peer Comparison
• VA Tech Wabag Limited
• ION Exchange (India) Limited
Strengths
1. The company has an in-house designing, engineering and execution team.
2. It has a strong Order Book of projects across India.
3. The company also has strong execution capabilities with timely delivery.
4. Experienced Promoters and Senior Management.
Risks
1. The company bid for WWTPs and WSSPs funded by the Central and State Governments. Any failure to secure the bids can impact the business.
2. Any failure to capitalise on government policy initiatives in the water and wastewater treatment mark can impact the company’s profitability.
3. It has higher working capital requirements.
4. Changes in government policies related to the environment and water treatment can impact the business.
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FAQs
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To apply for Enviro Infra Engineers IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Enviro Infra Engineers Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
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Hem Securities Limited is the book-running lead manager for this IPO.
Enviro Infra Engineers Limited will use proceeds from the offer for:
• To fund working capital requirements
• For corporate general purposes.
• To meet issues expenses.