Enviro Infra Engineers IPO: A Comprehensive Overview
About Enviro Infra Engineers
Enviro Infra Engineers focuses on designing, constructing, operating, and maintaining advanced water and wastewater treatment projects. Key highlights include: - Expertise in Zero Liquid Discharge (ZLD) compliant facilities. - Execution of government-funded projects under schemes like AMRUT, NMCG, and JJM. - Projects delivered on Engineering, Procurement, and Construction (EPC) or Hybrid Annuity Model (HAM) bases. - A robust order book of ₹1,90,628.06 lakh as of June 30, 2024, with 28 successful projects over seven years. - Integration of solar power and Compressed Bio Gas (CBG) plants in operations, reflecting their sustainability goals. Key Strengths
1. Specialized Expertise: Proficiency in ZLD water and wastewater projects positions them as a reliable choice for government and industrial clients. 2. Strong Order Book: With 28 large-scale projects completed and 21 ongoing, the company enjoys a stable pipeline of work. 3. Sustainability Initiatives: Integration of renewable energy, including solar and bio-gas plants, reduces environmental impact. 4. In-House Expertise: A team of 180 skilled engineers minimizes third-party dependency and ensures quality control. Risks to Consider
1. Dependence on Government Contracts: Delays, cancellations, or low approvals could disrupt operations. 2. Financial Constraints: High debt reliance poses risks to financial stability and profitability. 3. Renewable Energy Challenges: Early-stage adoption of bio-gas and renewable energy technology may encounter execution hurdles. 4. Regulatory Compliance: Non-compliance with environmental or operational regulations could harm reputation and operations.
Objects of the IPO
The funds raised through the IPO will be used for: 1. Meeting working capital requirements. 2. Facilitating growth, expansion, and acquisitions. 3. Supporting general corporate purposes. 4. Repaying loans, reducing the debt burden.
Enviro Infra Engineers IPO: Key Details
IPO Dates: 22 to 26 November, 2024
Price Band: ₹140 to ₹148 per share
Lot Size: 101 shares
Total Issue Size: ₹650.43 Crores
Retail Quota: 35%
GMP: 30% (for informational purposes only)
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