Enviro Infra IPO Company Profile :
Enviro Infra Engineers Limited is in the business of designing, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government bodies/ authorities. WWTPs include Sewage Treatment Plants (STPs) along with the Sewage Network Schemes and Common Effluent Treatment Plants (CETPs) and WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for the supply of water. The treatment process installed at most of the CETPs and STPs is Zero Liquid Discharge (ZLD) compliant and the treated water can be used for horticulture, washing, refrigeration, and other process industries.
WSSPs and WWTPs are partly funded by the Central Government under schemes like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the National Mission of Clean Ganga (NMCG) for projects in urban areas. WSSPs are similarly funded by the Central Government schemes like the Jal Jeevan Mission (JJM) for the rural areas of the country. Under their respective schemes, the states or Urban Local Bodies (ULBs) fund the WWTPs and WSSPs along with the Central Government.
Enviro Infra Engineers Limited bids for tenders issued by State Governments and ULBs for developing WWTPs and WSSPs on an EPC (Engineering, Procurement, and Construction) or HAM (Hybrid Annuity Model) basis. As of August 15, 2022, the company has successfully established 22 WWTPs and WSSPs with more than 10 MLD across India and an aggregate capacity of 550.80 MLD. As of August 15, 2022, the company’s Order Book includes 15 WWTPs and WSSPs with an aggregate capacity of 236.16 MLD for an aggregate value of Rs. 1,56,894.18 lakhs and the O&M Order Book includes 26 WWTPs and WSSPs with an aggregate value of Rs. 43,226.63 lakhs.
Enviro Infra IPO Details:
IPO Open Date | Not Available |
IPO Close Date | Not Available |
Listing Date | Not Available |
Face Value | ₹10 per share |
Price | Not Available |
Lot Size | Not Available |
Issue Size | 95,00,000 shares
(aggregating up to ₹[●] Cr) |
Fresh Issue | 95,00,000 shares
(aggregating up to ₹[●] Cr) |
Offer for Sale | Not Applicable |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
QIB Shares Offered | Not more than 50% of the Offer |
NII (HNI) Shares Offered | Not less than 15% of the Offer |
Retail Shares Offered | Not less than 35% of the Offer |
Promoters | Sanjay Jain and Manish Jain |
Enviro Infra IPO Financial Analysis:
Particulars | FY-22(in cr.) | FY-21(in cr.) | FY-20(in cr.) | CAGR (FY-20 to FY-22) |
Revenue from Operations | 223.53 | 124.12 | 107.75 | 27.5% |
Other Income | 2.10 | 2.08 | 1.62 | |
Cost of Goods Sold | 88.89 | 43.47 | 42.54 | |
Employee Cost | 14.48 | 8.43 | 7.76 | |
Other expenses | 70.13 | 57.67 | 47.60 | |
EBITDA | 52.12 | 16.62 | 11.48 | 65.6% |
EBITDA margin% | 23.32% | 13.39% | 10.65% | |
Depreciation | 1.72 | 1.27 | 1.22 | |
Interest | 4.33 | 3.73 | 3.14 | |
PBT | 46.07 | 11.63 | 7.11 | 86.4% |
Total tax | 11.52 | 3.02 | 1.90 | |
PAT | 34.55 | 8.61 | 5.21 | 87.9% |
PAT margin% | 15.46% | 6.94% | 4.84% |
Enviro Infra IPO Strengths:
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Enviro Infra Engineers Limited’s in-house engineering and design team of 57 engineers has the necessary skills and expertise in preparing detailed architectural and /or structural designs based on the conceptual requirements of the clients. The company’s engineering and design team reduce its dependence on outsourcing engineering and design work to third-party consultants.
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Enviro Infra Engineers Limited’s consistent growth in its Order Book has materialized due to the continued focus on Projects and the ability to successfully bid and win new Projects. The company’s experience in designing, engineering, construction, operations, and maintenance of Projects, technical capabilities, timely performance, reputation for quality and timely delivery, financial strength as well as price competitiveness has enabled it to successfully bid and win projects.
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Enviro Infra Engineers Limited’s project management teams, working in conjunction with the design and engineering team, ensure operational efficiencies through overall supervision of the manufacturing and project execution process. The company’s track record of successful completion of complex projects in a timely manner has allowed it to grow its business over the years.
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The designing and engineering of projects are technically complex, time-consuming, and resource-intensive because of unique project requirements. The company constantly upgrades its technical abilities to offer its clients the full range of services at lower cost and without compromising on quality
Enviro Infra IPO Risk Factors:
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Enviro Infra Engineers Limited bids for WWTPs and WSSPs funded by the Central and State Governments and derive its revenues from the contracts awarded to it. Any reduction in budgetary allocation to this sector may affect the number of projects that the government authorities/bodies may plan to develop in a particular period. The company’s business is directly and significantly dependent on projects awarded by them.
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Enviro Infra Engineers Limited’s projects are awarded through the competitive bidding process by government authorities/bodies. The company may not be able to qualify for, compete and win future projects, which could adversely affect the business and the results of operations of the company.
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Enviro Infra Engineers Limited’s Order Book may not be representative of its future results and its actual income may be significantly less than the estimates reflected in the Order Book, which could adversely affect the results of operations of the company.
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Enviro Infra Engineers Limited relies on various third parties in the civil construction activities of installing its WWTPs & WSSPs and factors affecting the performance of their obligations could adversely affect the company’s projects.
Objects of the Issue:
Enviro Infra Engineers Limited proposes to utilize the Proceeds of the Issue towards funding the following objects:
- To meet the Working Capital Requirements;
- General Corporate Purposes; and
- To meet issue expenses.
Enviro Infra Engineers Limited IPO Prospectus:
- Enviro Infra Engineers Limited IPO DRHP –
- Enviro Infra Engineers Limited IPO RHP –
Registrar to the Issue:
Bigshare Services Private Limited
Contact Person: Babu Raphael
E-mail: ipo@bigshareonline.com
Telephone: +91 22 6263 8200
Enviro Infra IPO FAQ
Ans. Enviro Infra IPO will comprise fresh share issue and new offer share issue. The company aims to go public to accelerate its growth and expansion plan.
Ans. The company will open for subscription on <>.
Ans. The minimum lot size that investors can subscribe to is <> shares.
Ans. The Enviro Infra IPO listing date is <>.
Ans. The minimum lot size for this upcoming IPO is <> shares.