Enviro Infra Engineers Ltd is a small-cap infrastructure developers and operators company. Recently, the company announced its IPO, which will open on 22 November 2024 and close on 26 November 2024. As an investor, you can check its demand from Enviro Infra Engineers IPO GMP Today.
Enviro Infra Engineers Ltd’s IPO will open on 22 November 2024 and will be listed in the stock market on 29 November 2024. The price band for the IPO is set to Rs. 140 to Rs. 148 and its issue size is Rs. 650.43 Crore. As a retail investor, you need to buy at least 101 shares or Rs. 14,948 if you want to subscribe to the IPO.
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Enviro Infra Engineers IPO GMP Today
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
| Date | Live IPO GMP | EST. Listing Gains | Price Band | IPO Size | Bidding Dates |
|---|---|---|---|---|---|
| 20 Nov, 2024 (Today) | ₹24 | ₹172 (16.22%) | ₹140 – ₹148 | ₹650.43 | 22 Nov – 26 Nov |
About Enviro Infra Engineers Ltd
Enviro Infra Engineers Ltd is a small-cap company, which was founded in 2009. The company engaged in various businesses like water cleaning, maintaining water, water treatment plants, water sewerage plants, and more.
The company provides its services in various states of India like Punjab, Haryana, Gujarat, Uttar Pradesh, Rajasthan, Chattisgarh, Madhya Pradesh, Delhi, and Karnataka.
Some of the major and well-known clients of Enviro Infra Engineers Ltd are Namami Gange, Uttar Pradesh Jal Nigam, Bangalore Water Supply & Sewerage Board, Jodhpur Nagar Nigam, RMC, IDCO, Haryana Shehri Vikas Pradhikarn, Jagdalpur Municipal Corporation, PWD (Govt of Delhi), Bida, Gujarat Industrial Development Corporation, and many more.
Related to the business the company offers various services, some of the major services of the company are mentioned below.
Services
- Sewage Treatment Plant
- Water Treatment Plant
- Water Supply Schemes
Enviro Infra Engineers IPO Details
| IPO Type | Mainboard |
| IPO Open Date | 22 Nov, 2024 |
| IPO Close Date | 26 Nov, 2024 |
| IPO Listing Date | 29 Nov, 2024 |
| IPO Refund Date | 28 Nov, 2024 |
| IPO Allotment Date | 27 Nov, 2024 |
| IPO Demat Credit Date | 28 Nov, 2024 |
| IPO Price Band | ₹140 to ₹148 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹650.43Cr |
| Fresh Issue | Approx ₹572.00Cr |
| Offer For Sale | Approx ₹52,68,000 Equity Shares |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 50% |
| Retail Quota | Not More Than 35% |
| Prospectus | Click Here |
Profit & Loss
As of 20 Nov 2024, there are no quarterly results of the company are available, but 4 years of annual profit and loss are available.
In March 2020 the company reported a net profit of Rs. 5 Crore where the sales of 108, In March 2021, the reposted net profit was Rs. 9 Crore, and sales were 124, In March 2023 the reported net profit was Rs. 57 Crore and sales was Rs. 338, and in March 2024 the reported net profit was Rs. 147 Crore and sales was 729.
As you can see, over the year the revenue, sales, and net profit of the company increased a lot. As compared to March 2020 net profit the March 2024 profit is more than 20 times.
Peer Comparison
Ion Exchange (India) Ltd
Ion Exchange (India) Ltd is a peer of the company that is also involved in the same business. The company’s market cap is near Rs. 9,391 Crore, the stock is trading at Rs. 640, and the Stock P/E is 43.7, ROE is 21.1%, and ROCE is 27.5%, and you can check more details on any screener.
Va Tech Wabag Ltd
This is another company of the same business with a market cap of Rs. 10,550 Crore, trading at Rs. 1,696, Stock PE is 40.6, Book Value of Rs. 316, ROE is 13.8%, ROCE is 19.8%, and check more info on any screener.
There are also various companies, you need to analyze before applying for any IPO. Some other companies are Vishnu Prakash R Punglia Ltd, EMS Limited, and more.
FAQs
It is a small-cap company with a debt-to-equity ratio of 0.95, with low debt on the company. It is also a profitable company. In the last 5 years, the company performed well. Currently, 4 years of annual profit and loss data of the company is available and in the year the company has not shown any loss.
In March 2020 the company reported a net profit of Rs. 5 Crore where the sales of 108, In March 2021, the reposted net profit was Rs. 9 Crore, and sales were 124, In March 2023 the reported net profit was Rs. 57 Crore and sales was Rs. 338, and in March 2024 the reported net profit was Rs. 147 Crore and sales was 729.
The company engaged in various businesses like water cleaning, maintaining water, water treatment plants, water sewerage plants, and more. Enviro Infra Engineers Ltd company provides these services to various states and govt.
As of 20 Nov, the Enviro Infra Engineers IPO GMP is trading at Rs. 24 and it is expected to list in the stock market at Rs. 172 from its upper price band i.e. Rs. 148.
Final Words
Enviro Infra Engineers Ltd is a small-cap company founded in 2009. It is engaged in the business of water cleaning, maintaining water, water treatment plants, water sewerage plants, and more. If you are also planing to subscribe to the IPO, you should check Enviro Infra Engineers Ltd IPO GMP Today.