Enviro Infra Engineers
IPO Timeline
Issue open date
22 Nov 2024Issue close date
26 Nov 2024UPI mandate deadline
26 Nov 2024Allotment finalization
27 Nov 2024Refund initiation
27 Nov 2024Share credit
28 Nov 2024Listing date
29 Nov 2024Mandate end date
11 Dec 2024Lock-in end date for anchor investors (50%)
27 Dec 2024Lock-in end date for anchor investors (remaining)
25 Feb 2025Key Dates
Quick Stats
About the Company
Enviro Infra Engineers specializes in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities, including Zero Liquid Discharge (ZLD) compliant facilities. Their projects are funded under Central and State Government schemes like AMRUT, NMCG, and JJM, and they bid for tenders on an EPC or HAM basis. With 28 successful projects over the past seven years and a ₹1,90,628.06 lakh order book as of June 30, 2024, they also partner with other companies for joint project execution. Supported by a skilled in-house team of 180 engineers, they handle all aspects of project design, construction, and maintenance. Focused on sustainable development, they integrate solar power and Compressed Bio Gas (CBG) plants into projects, contributing to renewable energy and reduced carbon footprints, with 7 out of 21 ongoing projects aligned with these initiatives.
Strengths
- Expertise in Zero Liquid Discharge water and wastewater treatment projects.
- Strong order book backed by 28 completed large-scale projects as of June 30, 2024.
- Sustainability focus with solar power and bio-gas integration in operations.
- In-house team of 180 engineers ensures quality and minimizes third-party dependency.
Risks
- Dependence on government contracts risks delays, cancellations, or low approvals.
- High debt reliance may strain financial stability and profitability.
- Early-stage bio-gas and renewable energy projects face execution and adoption risks.
- Regulatory non-compliance could harm operations and reputation.
Enviro Infra Engineers IPO – Frequently Asked Questions
- The price band for the Enviro Infra Engineers IPO is set at ₹140 to ₹148 per share.
- The Enviro Infra Engineers IPO opens on November 22, 2024 and closes on November 26, 2024.
- The tentative listing date for the Enviro Infra Engineers IPO is November 29, 2024.
- You can apply for the Enviro Infra Engineers IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Enviro Infra Engineers, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Enviro Infra Engineers IPO is 101 shares. Investors must apply for at least one lot (i.e., 101 shares).