The listing ceremony of Enviro Infra Engineers took place on the National Stock Exchange.
Shares of Enviro Infra Engineers Limited were listed today (November 29) at Rs 220 on the National Stock Exchange (NSE), 48.65% above the issue price. At the same time, the share was listed at Rs 218 on Bombay Stock Exchange (BSE), 47.30% above the issue price. Enviro Infra Engineers' IPO issue price was ₹148 per share.
This IPO was open for bidding from November 22 to November 26, which was subscribed a total of 89.90 times. It was subscribed 24.48 times in the retail category, 157.05 times in the Qualified Institutional Buyers (QIB) and 153.80 times in the Non-Institutional Investors (NII) category.
Enviro Infra Engineers' issue was worth ₹650.43 crore.
This issue total of Enviro Infra Engineers was ₹ 650.43 crore. For this, the company issued 38,680,000 fresh shares worth ₹572.46 crore. Existing investors of the company sold 5,268,000 shares worth ₹77.97 crore through Offer for Sale i.e. OFS.
Retail investors could bid for maximum 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 had applied for 1 lot as per the upper price band of IPO of ₹ 148, you would have had 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 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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