The Enviro Infra Engineers IPO is gearing up to hit the markets on November 22, 2024, with a price band of ₹140 to ₹148 per share. Interestingly, the Enviro Infra Engineers IPO GMP Today (EIEL IPO GMP) is trading at 34 per Share, which could signal cautious market sentiment. Enviro Infra Engineers, a leader in water and wastewater treatment solutions, is set to benefit from India’s push toward sustainable and eco-friendly infrastructure projects. With a strong focus on addressing critical environmental challenges, this IPO could be a pivotal opportunity for investors looking at the infrastructure and green technology space. Let’s dive deeper into the company’s operations, financial performance, and IPO details to see if it’s a worthy addition to your portfolio.
Enviro Infra Engineers IPO GMP (EIEL IPO GMP)
Currently, there isn’t much activity in the grey market as its trading with neutral sentiment trading around 34. However, GMP trends are anticipated to pick up closer to the IPO opening date. Keep an eye on reliable sources to gauge market sentiment.
Enviro Infra Engineers IPO GMP Trends
| Date | Grey Market Premium (₹) |
|---|---|
| 21th November | 34 |
| 20th November | 25 |
| 19th November | 14 |
| 18th November | 0 |
| 17th November | 0 |
Enviro Infra Engineers IPO Details
Enviro Infra Engineers IPO Details
| Parameter | Details |
|---|---|
| IPO Type | Book Building |
| Issue Size | ₹650 crores |
| Fresh Issue | ₹572 crores |
| Offer for Sale (OFS) | ₹78 crores |
| Price Band | ₹140–₹148 per share |
| Lot Size | – |
| Quota Allocation | QIB: 50%, NII: 15%, Retail: 35% |
| Face Value | ₹10 per share |
| Listing Exchange | NSE and BSE |
Enviro Infra Engineers IPO Dates
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | November 22, 2024 |
| IPO Closing Date | November 26, 2024 |
| Allotment Finalization | November 28, 2024 |
| Refunds Initiation | November 29, 2024 |
| Shares Credited to Demat | November 30, 2024 |
| Listing Date | December 2, 2024 |
Enviro Infra Engineers LTD
Enviro Infra Engineers is a niche player in designing, constructing, and maintaining water and wastewater treatment plants. Over the years, the company has completed projects with a combined capacity exceeding 550 million liters per day (MLD). Their operations focus on government contracts, ensuring steady business but also tying their growth closely to public sector policies.
With increasing environmental concerns and government initiatives towards clean water, the company is well-placed to grow, provided it manages risks like dependency on state funds and competitive bidding.
Enviro Infra Engineers Ltd. is a company specializing in the design, construction, operation, and maintenance of water and wastewater treatment plants. Their primary focus includes sewage treatment plants (STPs) and water supply schemes for government authorities and bodies. The company has developed an expertise in creating zero liquid discharge systems for STPs, which ensures that the treated water can be reused in various industries, including horticulture and cooling processes
Enviro Infra Engineers IPO Financial Results
Enviro Infra Engineers Limited (EIEL) has showcased significant growth over the recent fiscal years. Below is a detailed overview of their financial performance for FY2023-24, reflecting the company’s robust expansion in the infrastructure sector:
Key Highlights (FY2023-24):
- Sales Revenue: Increased to ₹726.07 crore, demonstrating substantial growth from ₹333.92 crore in the previous fiscal year.
- Operating Expenses: Climbed to ₹561.92 crore from ₹253.07 crore, driven by higher material and employee costs.
- Operating Profit: Surged to ₹164.15 crore, maintaining an Operating Margin of 22.6%.
- Net Profit (PAT): Recorded at ₹114.08 crore, marking a growth of over 100% year-over-year, with a PAT Margin of 15.7%.
- Earnings Per Share (EPS): Increased to ₹8.3 from ₹4.4 in FY2022-23.
| Particulars | FY2021-22 | FY2022-23 | FY2023-24 |
|---|---|---|---|
| Sales (₹ Crore) | 209.98 | 333.92 | 726.07 |
| Operating Expenses (₹ Crore) | 160.01 | 253.07 | 561.92 |
| Operating Profit (₹ Crore) | 49.97 | 80.85 | 164.15 |
| Profit After Tax (₹ Crore) | 34.51 | 56.06 | 114.08 |
| PAT Margin (%) | 16.4% | 16.8% | 15.7% |
| Earnings Per Share (₹) | 2.7 | 4.4 | 8.3 |
Enviro Infra Engineers WikiPedia
FAQs About Enviro Infra Engineers IPO
- What is the issue size of the Enviro Infra Engineers IPO?
The IPO includes a fresh issue of 95 lakh equity shares. - What is Enviro Infra GMP today?
As of now, GMP is at 34, Trends are expected to Fluctuate closer to the IPO date. - Is Enviro Infra a good IPO to apply for?
It’s a promising option for long-term investment but comes with risks like dependency on government contracts. Analyze carefully before applying. - When will the Enviro Infra IPO open?
The opening date has not been announced yet. - How can I apply for the Enviro Infra IPO?
Applications can be made via ASBA-enabled banks or through UPI on brokerage platforms.