Enviro Infra Engineers IPO: GMP, assessment, different particulars of upcoming IPO opening this week

Enviro Infra Engineers IPO opens for subscription on Friday, November 22. Established in 2009, Enviro Infra Engineers Restricted specialises in designing, constructing, working, and sustaining water and Waste-Water Remedy Vegetation (WWTPs) and water provide initiatives (WSSPs) for presidency businesses/entities.

The corporate engages in bids from state governments and concrete native our bodies (ULBs) to construct WWTPs and WSSPs utilizing Engineering, Procurement, and Development (EPC) or Hybrid Annuity Mannequin (HAM) fashions. By June 30, 2024, the corporate has successfully constructed 28 WWTPs and WSSPs in India over the previous seven years, which incorporates 22 initiatives with a capability of 10 MLD or extra.

The corporate competes in EPC or HAM tenders from state governments and ULBs for constructing WWTPs and WSSPs. By June 30, 2024, the corporate had successfully constructed 28 WWTPs and WSSPs in India over the previous seven years, with 22 of them having a capability of 10 MLD or extra. As at June 30, 2024, there are 21 WWTPs and WSSPs within the firm’s order ebook with a complete value of ₹1,90,628.06 lakhs.

As per the crimson herring prospectus (RHP), the corporate’s listed friends are EMS Ltd (with a P/E of 25.92), ION Trade Ltd (with a P/E of 38.68), Va Tech Wabag Ltd (with a P/E of 43.90), and Vishnu Prakash R Punglia Ltd (with a P/E of 25.31).

Over the past two fiscal years, the corporate has recorded a consolidated whole earnings and internet revenue of Rs. 225.62 crore and Rs. 34.55 crore for FY22, Rs. 341.66 crore and Rs. 55.34 crore for FY23, and Rs. 738.00 crore and Rs. 108.57 crore for FY24. Within the first quarter of FY25, which concluded on June 30, 2024, the corporate introduced a internet revenue of Rs. 29.97 crore alongside a complete earnings of Rs. 207.46 crore, reflecting a notable enhance in each income and revenue in comparison with FY24.

Sanjay Jain, Manish Jain, Ritu Jain, and Shachi Jain are the corporate’s stakeholders. In whole, the promoters personal 3,70,94,280 fairness shares with a face worth of ₹10 every of their Firm, making up 99.97% of the pre-offer issued, subscribed, and paid-up fairness share capital of the corporate.

Enviro Infra Engineers IPO – Key particulars

Listed below are the ten key issues to learn about Enviro Infra Engineers IPO:

Enviro Infra Engineers IPO date: The problem opens for subscription on Friday, November 22, and closes on Tuesday, November 26.

Anchor Particulars: The allocation to anchor traders for Enviro Infra Engineers IPO is scheduled to happen tomorrow (Thursday, November 21).

Enviro Infra Engineers IPO value band: The IPO value band has been fastened within the vary of ₹140 to ₹148 per fairness share of face worth of ₹10.

Enviro Infra Engineers IPO lot dimension: The IPO lot dimension is 101 fairness shares and in multiples of 101 fairness shares thereafter.

Enviro Infra Engineers IPO particulars: The Enviro Infra Engineers IPO features a recent issuance of three.87 crore fairness shares and a sale of 52.68 lakh shares by the promoting shareholders (promoters).

Hem Securities Ltd serves because the ebook working lead supervisor for the IPO of Enviro Infra Engineers, whereas Bigshare Companies Pvt Ltd acts because the registrar for this providing.

Enviro Infra Engineers IPO goal: The corporate plans to utilise the funds raised from the brand new providing for varied functions reminiscent of assembly Working Capital Necessities, supporting its subsidiary EIEL Mathura in setting up 60 MLD STP for the ‘Mathura Sewerage Scheme’, repaying present money owed, and enabling progress by potential acquisitions and common company wants.

Enviro Infra Engineers IPO itemizing date and allotment particulars: The allocation of shares for the Enviro Infra Engineers IPO is scheduled to be decided on Wednesday, November 27. Refunds shall be processed on the identical day, and shares shall be deposited into the demat accounts of allottees on Thursday, November 28 after the refund. Enviro Infra Engineers share value is more likely to be listed on BSE and NSE on Friday, November 29.

Enviro Infra Engineers IPO reservation: Enviro Infra Engineers IPO has reserved no more than 50% of the shares within the public difficulty for certified institutional consumers (QIB), not lower than 15% for non-institutional Institutional Buyers (NII), and never lower than 35% of the supply is reserved for retail traders. The worker portion has been reserved as much as 1,00,000 fairness shares and a reduction of ₹13 per share is being supplied to eligible workers.

Enviro Infra Engineers IPO Assessment: “We advocate to subscribe the IPO with a long-term perspective. Over the past three fiscal years, the corporate has maintained a mean EPS of Rs. 5.95 and a mean RoNW of 41.44%. The problem value is ready at a P/BV of 6.27 primarily based on a NAV of ₹23.60 as of June 30, 2024, and a P/BV of two.90 primarily based on a post-IPO NAV of ₹51.01 per share (on the higher cap).

If annualised FY25 earnings are attributed to the post-IPO totally diluted fairness base, the asking value corresponds to a P/E ratio of 21.67, and primarily based on FY24 earnings, the P/E ratio stands at 23.90, suggesting the IPO is totally priced. Nonetheless, the debt of ₹305 crore as of June 30, 2024, raises some issues,” stated Bajaj Broking in its report.

Enviro Infra Engineers IPO GMP at the moment: Enviro Infra Engineers IPO GMP at the moment or gray market premium is +31. This means Enviro Infra Engineers share value had been buying and selling at a premium of ₹31 within the gray market on Wednesday, in keeping with investorgain.com.

Contemplating the higher finish of the IPO value band and the present premium within the gray market, the estimated itemizing value of Enviro Infra Engineers share value was indicated at ₹179 apiece, which is 20.95% increased than the IPO value of ₹148.

In response to the gray market traits of the final 4 periods, at the moment’s IPO GMP is exhibiting an upward pattern and is anticipated to have a profitable itemizing. In response to investorgain.com specialists, the minimal GMP is ₹0, and the utmost GMP is ₹31.

‘Gray market premium’ signifies traders’ readiness to pay greater than the difficulty value.

Disclaimer: The views and proposals above are these of particular person analysts, specialists and broking firms, not of Mint. We advise traders to examine with licensed specialists earlier than making any funding resolution.