Enviro Infra Engineers IPO Opens Today: GMP, Price Band, Key Dates, and Review - Read Now
Enviro Infra Engineers IPO opens tomorrow with a price band of ₹140-₹148. GMP stands at ₹23, reflecting market optimism. The ₹650.43 crore issue closes on 26th November 2024. Key dates include allotment on 27th November and listing on 29th November 2024.
The Enviro Infra Engineers IPO is set to hit the Indian primary market tomorrow, 22nd November 2024. As a prominent player in the wastewater management sector, the company’s public issue is generating considerable buzz. With a price band of ₹140 to ₹148 per equity share, the IPO aims to raise ₹650.43 crore, including a fresh issue of ₹572.46 crore and an Offer for Sale (OFS) worth ₹77.97 crore. Here’s everything you need to know about the IPO, including GMP, key dates, and financial highlights.
Enviro Infra Engineers IPO GMP and Market Sentiment
Ahead of its opening, Enviro Infra Engineers shares are trading at a premium of ₹23 in the grey market. According to stock market observers, this Grey Market Premium (GMP) suggests positive sentiment and robust demand for the shares. A strong GMP often reflects optimism about the company’s potential listing gains.
Key Details About Enviro Infra Engineers IPO
1. IPO Dates
- Opening Date: 22nd November 2024
- Closing Date: 26th November 2024
2. Price Band
The IPO price band is set at ₹140 to ₹148 per equity share, offering investors an affordable entry point into the wastewater management sector.
3. Issue Size
The company plans to raise ₹650.43 crore through the IPO.
- Fresh Issue: ₹572.46 crore
- Offer for Sale (OFS): ₹77.97 crore
4. Lot Size
Investors can bid in lots, with 101 shares per lot. This makes the minimum investment amount ₹14,140 (at the lower end of the price band).
5. Registrar and Lead Manager
- Registrar: Bigshare Services Private Limited
- Lead Manager: Hem Securities
6. Allotment and Listing Dates
- Allotment Date: 27th November 2024
- Listing Date: 29th November 2024
The IPO is proposed to be listed on BSE and NSE, ensuring broader market participation.
Financial Review of Enviro Infra Engineers
Revenue and Profit Growth
The company has shown significant growth in its financials.
- In FY24, revenue surged over 115%, and Profit After Tax (PAT) more than doubled.
- However, Q1FY25 saw a sequential decline in both revenue and PAT.
Asset Growth
The company’s assets increased from ₹761.90 crore to ₹812.87 crore during Q1FY25, reflecting expanding operations.
Net Borrowings
Net borrowings rose from around ₹235 crore to ₹305 crore, signaling a higher debt load, which could impact margins.
Industry Relevance
As a leading player in wastewater management, Enviro Infra Engineers is positioned to benefit from growing demand in the sector, driven by environmental regulations and infrastructure development.
Should You Subscribe to Enviro Infra Engineers IPO?
Positive Indicators:
- Strong Growth Potential: The company’s impressive FY24 performance highlights its ability to scale operations and generate profits.
- Sectoral Relevance: Wastewater management is a growing industry with increasing government and private sector focus.
- Market Optimism: A ₹23 GMP signals confidence among investors.
Concerns:
- Rising Debt Levels: Increased borrowings may impact profitability in the near term.
- Sequential Financial Decline: The dip in Q1FY25 revenue and PAT warrants caution.
How to Apply for Enviro Infra Engineers IPO
Investors can apply for the IPO via:
- Online Trading Platforms: Most brokers offer IPO application services.
- UPI-based ASBA: Use your bank account for an efficient application process.
