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 has been 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 for this issue till tomorrow i.e. 26th November. The company's shares will be listed on Bombay Stock Exchange (BSE) and 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 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.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested? Enviro Infra Engineers has fixed the IPO price band at ₹140 to ₹148 per share. Retail investors can bid for a minimum of one lot i.e. 101 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 148, then you will have to invest ₹ 14,948 for it.
At the same time, retail investors can apply for maximum 13 lots i.e. 1313 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 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 WWTP of the company includes Sewage Treatment Plants (STP), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETP), while the WSSP includes Water Treatment Plants (WTP), Pumping Stations and laying of pipelines for water supply. Is.
What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
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