Enviro Infra Engineers Limited listed its share today (29 November) on the National Stock Exchange (NSE) at Rs 220, reflecting a 48.65% increase from the issue price. Simultaneously, the Bombay Stock Exchange (BSE) listed the share at Rs 218, which is up 47.30% from the issue price. Enviro Infra Engineers set the issue price of its IPO at ₹ 148 per share.
Bidders opened this IPO for bidding from 22 November to 26 November, and they subscribed to it 89.90 times. Retail investors subscribed 24.48 times, qualified institutional buyers (QIB) subscribed 157.05 times, and non-institutional investors (NII) subscribed 153.80 times.
The issue of Enviro Infra Engineers was worth ₹650.43 crore
This issue of Enviro Infra Engineers was of total ₹ 650.43 crores. For this, the company issued 38,680,000 fresh shares worth ₹ 572.46 crores. The company’s existing investors sold 5,268,000 shares worth ₹ 77.97 crores through Offer for Sale i.e. OFS.
Retail investors could bid for a maximum of 1313 shares
Enviro Infra Engineers had fixed the IPO price band at ₹140 to ₹148 per share. Retail investors could bid for a minimum of one lot i.e. 101 shares. If you applied for 1 lot as per the upper price band of the IPO of ₹148, then you would have to pay ₹14,948 for it.
At the same time, retail investors could apply for a maximum of 13 lots i.e. 1313 shares. For this, investors would have to invest ₹194,324 as per the upper price band.
Will Enviro Infra Engineers Limited use the funds?
The company will use the money raised from this IPO for several important tasks. These include meeting its daily needs, investing in EIEL Mathura Infra Engineers Private Limited and building 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’s financial performance been?
Looking at the financial performance of Enviro Infra Engineers Limited, the company has performed consistently well in the last three financial years.
- FY22, the company’s consolidated total income was ₹225.62 crores and its net profit was ₹34.55 crores.
- FY23, it increased to ₹341.66 crores and ₹55.34 crores.
- In FY24, the company reported revenue of ₹738.00 crores and a net profit of ₹108.57 crores.
- In the first quarter of FY25, the company reported revenue of ₹207.46 crores and net profit of ₹29.97 crores.
The company works related to water and wastewater treatment plants
Enviro Infra Engineers Limited (EIEL) designs, constructs, operates, and maintains water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs), primarily for government institutions.
The company’s WWTPs include sewage treatment plants (STP), sewerage schemes (SS) and common effluent treatment plants (CETP), while WSSPs include construction of wastewater treatment plants (WTP), pumping stations and water supply pipelines.
