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Enviro Infra Engineers IPO
Price Band
₹140.0–148.0
Issue Size
₹650.3 Cr
Lot Size
101 shares
Min Investment
₹14,948
GMP
+₹57.0 (38.51%)
Issue Price
₹148.0
Subject to Sauda
₹4400
Paid only if allotted
Enviro Infra Engineers IPO AI Summary
- Enviro Infra Engineers IPO is listed on BSE, NSE in the Water Supply & Management sector.
- Price band: ₹140.0–₹148.0 per share, lot size 101 shares (min. investment ₹14,948).
- Subscription window: 22 Nov–26 Nov 2024, listing on 29 Nov 2024.
- Current GMP is +₹57.0 (38.51%), an estimated listing price of ₹205 — unofficial and can change daily.
Enviro Infra Engineers Limited is poised for growth in the water supply and management sector, backed by a solid project track record and a strong management team. The IPO offers investors a chance to participate in a company with a diversified project portfolio, although potential investors should consider the inherent risks associated with IPO investments.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Enviro Infra Engineers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Nov 2024 — not a current signal.
4 of 5 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Enviro Infra Engineers IPO Grey Market Premium (GMP) Today
GMP
+₹57.0
GMP %
+38.51%
Est. Listing
₹205.0
Updated: 25 Jul 2026 14:03
About the Company
Enviro Infra Engineers Limited was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and the laying of pipelines for water supply. The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till June 30, 2024, the Company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above. Competitive strengths: In-house design, engineering, and execution team. Growing presence in existing regions with new projects. Diversified order book of projects across India. In-house execution capabilities with on-time delivery and an established track record of consistently increasing eligibility for high-value project tenders. Use of advanced technologies in the construction and installation of WWTPs or WSSPs. Experienced promoters and senior management team. Consistent financial performance The company has an in-house team for designing, engineering, and construction. The company has a team of 180 engineers supported by external consultants and industry experts.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 812.87 | 761.19 | 347.58 | 148.27 |
| Total Income | 207.46 | 738.00 | 341.66 | 225.62 |
| Profit After Tax | 30.78 | 110.54 | 54.98 | 34.55 |
| NET Worth | 323.00 | 292.18 | 126.51 | 71.62 |
| Reserves and Surplus | 186.29 | 155.51 | 101.11 | 69.31 |
| Total Borrowing | 305.59 | 233.59 | 64.54 | 18.11 |
Key Ratios
EPS
₹8.08
NAV
₹21.48
ROE
51.68%
ROCE
32.34%
RoNW
37.83%
P/B Value
6.89
P/E Ratio
18.32
Market Cap
₹2597.84 Cr
PAT Margin
15.17%
Debt/Equity
0.80
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| EMS Limited | 57.85 | 16.95% | 25.31 | 29.38 | 29.38 |
| Vishnu Prakash R Punglia Limited | 292.43 | 13.5% | 43.9 | 10.95 | 10.95 |
| Va Tech Wabag Ltd. | 69.4 | 19.23% | 38.68 | 39.49 | 39.49 |
| Ion Exchange (india) Ltd. | 143.73 | 19.09% | 25.92 | 16.53 | 16.53 |
| Enviro Infra Engineers Limited This IPO | 21.48 | 37.83% | — | 8.13 | 8.13 |
Promoters
Sanjay Jain, Manish Jain, Ritu Jain and Shachi Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet the Working Capital Requirements; 181.00 2 Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (“EIEL Mathura”) to build 60 MLD STP under project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode 30.00 3 Repayment/prepayment in full or in part, of certain of our outstanding borrowings 120.00 4 Funding inorganic growth through unidentified acquisitions and general corporate purposes. 186.27
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹341.66 Cr in the year ending 31 Mar 2023, increasing to ₹738.00 Cr by 31 Mar 2024. However, for the period ending 30 Jun 2024, total income reported was ₹207.46 Cr, which is not directly comparable as it reflects only a 9-month period.
Profit Trend
Profit after tax was ₹54.98 Cr in the year ending 31 Mar 2023, rising to ₹110.54 Cr by 31 Mar 2024. For the period ending 30 Jun 2024, profit after tax was ₹30.78 Cr, but this figure is from a 9-month period and is not directly comparable to full-year figures.
Valuation
Enviro Infra Engineers Limited has an implied P/E ratio of approximately 18.32 at the issue price, compared to peers with P/E ratios ranging from 25.31 to 43.9.
Grey Market Premium, Explained
The grey market premium (GMP) reflects the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that the stock may list at a higher price than the issue price, indicating strong demand among investors.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, industry position, and financial health.
Who May Want to Wait
Conservative investors who prefer stable, established companies with less volatility may want to avoid IPOs like this, which can be subject to market fluctuations.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may list at a premium, others may not perform as expected due to market conditions or investor sentiment. It's important to consider the company's fundamentals rather than just short-term price movements.
This evaluation is generated from Enviro Infra Engineers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Enviro Infra Engineers IPO GMP today?
Enviro Infra Engineers IPO GMP today is +₹57.0 (38.51%), indicating an estimated listing price of ₹205. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Enviro Infra Engineers IPO?
The price band of Enviro Infra Engineers IPO is ₹140.0–₹148.0 per share.
When does Enviro Infra Engineers IPO open and close?
Enviro Infra Engineers IPO opens on 22 November 2024 and closes on 26 November 2024.
When does Enviro Infra Engineers IPO list on the stock exchange?
Enviro Infra Engineers IPO listed on 29 November 2024 at ₹205.0.
What is the lot size for Enviro Infra Engineers IPO?
The lot size for Enviro Infra Engineers IPO is 101 shares, requiring a minimum investment of ₹14,948.
What is the price band for the IPO?
The price band for the IPO is ₹140.0 to ₹148.0.
What is the lot size for the IPO?
The lot size for the IPO is 101 shares.
What is the minimum investment required?
The minimum investment required is ₹14,948.0.
When is the listing date?
The listing date is scheduled for 29 November 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Nov 2024
Close
26 Nov 2024
Allotment
27 Nov 2024
Listing
29 Nov 2024
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