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EIEL IPO

ENVIRO INFRA ENGINEERS LIMITED
Start Date22-11-2024
Application Timing10am-5pm
Price Range₹140 - ₹148
Min Qty101
Min. Investment₹14140
Listing DateNA
Close Date26-11-2024

About ENVIRO INFRA ENGINEERS LIMITED

Enviro Infra Engineers Limited is in the business of designing, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. The company bids for tenders issued by State Governments and ULBs for developing WWTPs and WSSPs.

As on December 31, 2023, company has successfully developed 26 WWTPs and WSSPs across India in past 7 years which includes 20 projects with 10 MLD capacity and above.

WWTPs and WSSPs are partly funded by the Central Government and State Governments under schemes like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and National Mission of Clean Ganga (NMCG) for projects in urban areas and the Jal Jeevan Mission (JJM) for rural areas of the country. 

In addition to the execution of projects independently, we also enter into joint ventures with other infrastructure and construction companies to jointly bid and execute projects.

Why To Invest in ENVIRO INFRA ENGINEERS LIMITED

The company constructs and operates water and waste water treatment plants & supply scheme. 

The Company proposes to utilize the Proceeds from the Fresh Issue towards funding the following objectives:

  1. To meet the Working Capital Requirements
  2. Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (EIEL Mathura) to build 60 MLD STP under the project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode
  3. Repayment/prepayment in full or in part, of certain of our outstanding borrowings
  4. Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Financial Table
Year9 mth ended Dec 2023FY 2023FY 2022FY 2021
Revenue From Operations (Rs. Cr)4285.633812235.21241.1
Profit After Tax (Rs. Cr)532.9549.7345.586.1
Strengths And Risks
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In-house designing, engineering and execution team: Company's in-house engineering and design team of 163 engineers have the necessary skills and expertise in preparing detailed architectural and /or structural designs based on the conceptual requirements of their clients.
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Diversified order book: Company has developed expertise and capability in executing diverse projects aggregating into an order book of 21 WWTPs and WSSPs for aggregate value of Rs. 2,34,113.86 lakhs.
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Established track record : As on December 31, 2023, company has successfully developed 26 WWTPs and WSSPs across India in past seven years which includes 20 projects with 10 MLD capacity.
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Use of advanced technologies: Company constantly upgrades its technical abilities to offer its clients the full range of services at lower cost and without compromising on quality.
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Government projects: Company's business is directly and significantly dependent on projects awarded by government. Any reduction in budgetary allocation to this sector may affect the number of projects that the government authorities/bodies may plan to develop.
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Working capital intensive business: Company's business is working capital intensive. If they experience insufficient cash flows to meet required payments on working capital requirements, there may be an adverse effect on operations.
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Negative cash flows : Company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect their cash flow requirements.
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