Enviro Infra Engineers
SMEInfrastructure
85/100
AEX AI Score
+₹52
Grey Market
Price Band
₹140–148
Issue Size
₹650 Cr
Lot Size
101 shares
Min Investment
₹14,948
Open Date
22 Nov 2024
Close Date
26 Nov 2024
Listing Date
2 Dec 2024
Registrar
Bigshare Services
Subscription Status
142.80x
QIB
64.50x
NII/HNI
76.20x
Retail
89.40x
Overall
Listing Performance
Issue Price
₹148
Listing Price
₹199.9
Listing Gain
+35.1%
Company Financials (FY24)
Revenue
₹659 Cr
PAT
₹145 Cr
PAT Margin
22%
ROE
28.4%
About the Company
Water and wastewater infrastructure company riding India's Jal Jeevan Mission tailwind. Strong order book of ₹1,847 Cr (2.8x FY24 revenue). Excellent financial metrics with 22% PAT margins. SME with significant listing gains expected.
IPO Objectives
- 1.Funding capital expenditure for expansion of operations
- 2.Repayment or prepayment of certain borrowings availed
- 3.Funding working capital requirements of the company
- 4.General corporate purposes including inorganic growth
AEX AI — IPO Analysis
Strong
Strengths
+Strong brand presence and market leadership
+Healthy revenue growth trajectory
+Diversified customer base with low concentration risk
Risks
–Elevated valuation vs sector peers
–Profitability improving but not stable yet
–Competitive intensity increasing
Lead Managers
Unistone Capital
IPO Timeline
IPO Open
22 NovIPO Close
26 NovAllotment Date
27 NovListing on NSE/BSE
2 Dec