The IPO of Enviro Infra Engineers Limited will open on 22 November. Investors will be able to bid for this public issue till November 26. The company's shares will be listed on Bombay Stock Exchange (BSE) and 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 fresh issue of 3,86,80,000 new shares, while 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 fixed the price band at ₹140 to ₹148 per share. There will be 101 shares in one lot. Investors can bid for a minimum of 101 shares and then 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.
Whereas, retail investors can apply for maximum 14 lots i.e. 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 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 been the financial performance of the company? If we look at the financial performance of Enviro Infra Engineers Limited, the company has consistently performed well in the last three financial years. The company's consolidated total income 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 revenue of ₹738.00 crore and net profit of ₹108.57 crore. In Q1FY25, the company had revenue of ₹207.46 crore and net profit of ₹29.97 crore.
The company works related to water and waste water treatment plants. Enviro Infra Engineers Limited (EIEL) undertakes the design, construction, operation and maintenance of water and waste water treatment plants (WWTPs) and water supply scheme projects (WSSPs). This work is mostly done for government institutions.
The company's WWTPs include Sewage Treatment Plants (STP), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETP), while WSSP includes Water Treatment Plants (WTP), Pumping Stations and laying of pipelines for water supply. Is.
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