The Enviro Infra Engineers Limited IPO is set to open for subscription today, November 22, 2024, and will remain available until November 26, 2024. This IPO represents a significant opportunity for investors interested in the water and wastewater treatment sector.
IPO Overview
- Issue Size: ₹650.43 crores
- Fresh Issue: ₹572.46 crores (3.87 crore shares)
- Offer for Sale: ₹77.97 crores (0.53 crore shares)
- Price Band: ₹140 to ₹148 per share
- Minimum Lot Size: 101 shares
- Minimum Investment: ₹14,948 for retail investors
Key Dates
- IPO Open Date: November 22, 2024
- IPO Close Date: November 26, 2024
- Allotment Date: November 27, 2024
- Listing Date: November 29, 2024
Company Background
Enviro Infra Engineers Limited specializes in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs). Established in 2009, the company has successfully developed numerous projects across India, including sewage treatment plants and water treatment facilities.
Financial Performance
The company has shown impressive growth in its financials:
- Revenue Growth: Increased by 116% from FY23 to FY24.
- Profit After Tax (PAT): Rose by 101% during the same period.
Key Financials:
| Period Ended | Revenue (₹ Crore) | Profit After Tax (₹ Crore) | Assets (₹ Crore) |
|---|---|---|---|
| June 30, 2024 | 207.46 | 30.78 | 812.87 |
| March 31, 2024 | 738 | 110.54 | 761.19 |
| March 31, 2023 | 341.66 | 54.98 | 347.58 |
Grey Market Premium (GMP)
As of now, the grey market premium for Enviro Infra Engineers Limited shares is reported to be around ₹5 to ₹10 above the upper price band of ₹148. This indicates a positive sentiment among investors ahead of the IPO listing.
Should I Apply?
Given the strong financial performance and growth potential of Enviro Infra Engineers Limited, many analysts suggest that well-informed investors may consider applying for this IPO. The company’s robust order book and increasing revenue make it an attractive investment for those looking at medium to long-term gains.
Expert Opinions
Experts have mixed views on the IPO:
- Some analysts highlight the company’s impressive revenue growth and solid order book as positive indicators for future performance.
- Others caution that while the company has shown strong financials, investors should be aware of market volatility and conduct thorough research before investing.
Conclusion
The Enviro Infra Engineers IPO presents a promising opportunity for investors looking to participate in the growing water management sector in India. With strong financial performance and a robust order book, well-informed investors may consider applying for this IPO while keeping an eye on market conditions.
Disclaimer
This article is intended for informational purposes only and should not be construed as financial advice. Readers are encouraged to consult with certified financial advisors before making any investment decisions regarding stocks or securities mentioned herein.
