Enviro Infra Engineers Limited is set to launch its initial public offering (IPO) on November 22, 2024. As a prominent player in the wastewater management industry, the company aims to raise ₹650.43 crore through this public issue. Here’s a detailed breakdown of everything you need to know before investing.
Key Details About Enviro Infra Engineers IPO
| Aspect | Details |
|---|---|
| IPO Date | November 22–26, 2024 |
| Price Band | ₹140–₹148 per equity share |
| IPO Size | ₹650.43 crore (Fresh Issue: ₹572.46 crore; OFS: ₹77.97 crore) |
| GMP (Grey Market Premium) | ₹23 (as of November 21, 2024) |
| Lot Size | 101 shares |
| Lead Manager | Hem Securities |
| Registrar | Bigshare Services Pvt. Ltd. |
| Listing | BSE and NSE |
Financial Highlights of Enviro Infra Engineers
Enviro Infra Engineers has showcased notable growth over the past financial years. Here’s a summary of their financial performance:
| Metric | FY24 | Q1 FY25 |
|---|---|---|
| Revenue Growth | 115% | Decline observed |
| Profit After Tax | 100% increase | Dip reported |
| Assets | ₹812.87 crore | ₹761.90 crore |
| Net Borrowing | ₹305 crore | ₹235 crore |
While the company’s revenue and PAT surged in FY24, Q1 FY25 highlighted some challenges, including increased net borrowing.
Why Invest in Enviro Infra Engineers IPO?
- Sectoral Growth Potential: The wastewater management industry is crucial in addressing global environmental challenges, presenting robust growth prospects.
- Strong Financials: The company demonstrated impressive revenue and PAT growth in FY24, indicating operational efficiency.
- Strategic Use of Funds: Proceeds from the IPO will be utilized for expansion and debt repayment, ensuring long-term sustainability.
- Attractive GMP: The ₹23 grey market premium suggests positive investor sentiment.
Key Dates for Investors
| Event | Date |
|---|---|
| IPO Opening Date | November 22, 2024 |
| IPO Closing Date | November 26, 2024 |
| Allotment Date | November 27, 2024 |
| Listing Date | November 29, 2024 |
Expert Review and Recommendations
While Enviro Infra Engineers shows strong financial potential, some factors warrant caution:
- Strengths:
- Rapid revenue growth in FY24.
- Expansion into new markets and projects.
- Concerns:
- Declining revenue in Q1 FY25.
- Increased borrowing levels.
Recommendation: Investors with a long-term horizon and risk tolerance may find this IPO promising. However, cautious allocation is advised due to the mixed short-term financial outlook.
How to Apply for Enviro Infra Engineers IPO?
- Visit your broker’s website or app.
- Select “Enviro Infra Engineers IPO” from the IPO section.
- Enter your bid details, including price and quantity.
- Confirm and submit your application.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult with a financial advisor before making investment decisions.
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