Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Detail – Review, Valuation, Financials, Date & GMP

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Detail Review –

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) is set to open for subscription from 22nd Nov 2024 to 26th Nov 2024. In this article we will analyze the financials , strengths and weaknesses of the NTPC Green Energy Limited IPO (NTPC Green Energy IPO). Keep scrolling below to read more!

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Overview –

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Market Lot

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) minimum market lot is 101 shares with ₹14,948 application amount. The retail investors can apply up to 13 lots with 1,313 shares or ₹1,93,324 amount.

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Book Running Lead Managers –

• Hem Securities Limited

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Registrar to the offer –

The registrar for the Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) is Bigshare Services Pvt. Ltd.
They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

The Objective Of The Issue –

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To meet the Working Capital Requirements;
• Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura) to build 60 MLD STP under the project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode;
• Repayment/prepayment in full or in part, of certain of our outstanding borrowings; and
• Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Key Performance Indicator –

The market capitalization of Enviro Infra Engineers Limited IPO is Rs 2,597.84 Cr.

KPI as of March 31, 2024.

Financial Status –

Evaluation of P/E Ratio :

Considering the FY ended 31 Mar 2024 with an EPS of Rs.8.13 from the last year, the resulting P/E ratio is 18.20x.

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is 33.45x.

In simple words, the P/E ratio of this IPO (18.20x), compared with the industry’s average P/E of 33.45x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

Peers of Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) –

Enviro Infra Engineers competes with established peers like EMS Limited, ION Exchange Limited, Va Tech Wabag Limited, and Vishnu Prakash R Punglia Limited. Enviro Infra Engineers Limited’s revenue is lower than other competitors and has a higher return on net worth compared to its peers, which is 37.83 percent.

Dividend Policy

The company has not paid any dividends in the last three fiscals.

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Strengths –

• 180 engineers constitute the core, in-house designing, engineering, and executing team.

• New projects are gaining the required momentum in a host of areas in Gujarat, Rajasthan, Punjab, Karnataka, Haryana, Uttar Pradesh, Madhya Pradesh, and Chhattisgarh.

• By June 30, 2024, 21 projects were in the Diversified Order Book of Rs.1,90,628.06 lakhs in India.

• Consistent extension of eligibility for high-value project tenders due to in-house execution skills, timely delivery, and a proven track record.

• Knowledgeable promoters and senior management team.

• Consistent financial success. Use of cutting-edge technologies in the development and installation of WWTPs and WSSPs.

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Weakness –

• Government Contracts: Enviro Infra Engineers gets the majority of its revenues from government contracts and hence is susceptible to changed government policies or budgetary allocations.

• The industry for water and wastewater management is one of the most competitive areas. Hence, continuously improving technology with cost optimization is indispensable to remain ahead of the competition.

• Sector-Specific Risks: The company falls within a niche sector; changes in regulations or environmental issues may affect the profitability of the project during execution.

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) Status –

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) allotment status will be available on Bigshare Services Private Limited.
Click on Link to get allotment status.

Enviro Infra Engineers Limited IPO (Enviro Infra Engineers IPO) GMP Today –

IPO’s last GMP is ₹38, last updated 22nd Nov 2024. With the price band of 148.00, IPO’s estimated listing price is ₹186(cap price + today’s GMP). The expected percentage gain/loss per share is 25.68%.

Note : The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates, nor do we recommend trading in grey market.

Disclaimer:

• IPO Grey Market Premium (Enviro Infra Engineers Limited GMP) mention is valid for the specific date as mentioned in the header.
• We are not buying and selling IPO forms on IPO Grey Market.
• Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

Conclusion –