Enviro Infra Engineers IPO - Issue Details, Financials, Valuations, Peer Comparison, Risks & More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Enviro Infra Engineers Ltd. launched its initial public offering today and the offer closes for subscription on Nov. 26. The Delhi-based a leading engineering company specialising in the design, construction and maintenance of water and wastewater treatment solutions has fixed a price band of Rs 140 to Rs 148 per share. The minimum order lot for bidding is 101 shares or in multiples thereof.The Rs 650.43 crore IPO is a combination of fresh issue of 3.86 crore equity shares and an offer for sale component of 52.68 lakh..Objects of the IssueInfusion of funds into their subsidiary to build 60 MLD STP Under the projectWorking capital purposeRepayment/prepayment of outstanding borrowings availed by the company; Funding inorganic growth and general corporate purposes.Valuation Enviro Infra Engineers has an in house designing, engineering and execution team 180 engineers with Diversified Order Book of 21 projects across India for an aggregate value of Rs 19,062.8 million as of June 30, 2024 across India and In-house execution capabilities with timely delivery and established track record enabling consistent increase in eligibility for high value project tenders along with Use of advanced technologies in the construction and installation of WWTPs and WSSPs. At the upper price band company is valuing at P/E of 30.72x, with an EV/Ebitda of 15.8x and market cap of Rs 25,996 million post issue of equity shares and return on net worth of 37.83%. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO..Click on the attachment to read the full IPO report:.Enviro Infra Engineers IPO - Should You Subscribe? Read DRChoksey's Analysis.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Enviro Infra Engineers IPO - Issue Details, Financials, Valuations, Peer Comparison, Risks & More: Anand Rathi

The Rs 650.43 crore IPO opened today and the company has fixed a price band of Rs 140 to Rs 148 per share.

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Enviro Infra Engineers IPO - Issue Details, Financials, Valuations, Peer Comparison, Risks & More: Anand Rathi

The Rs 650.43 crore IPO opened today and the company has fixed a price band of Rs 140 to Rs 148 per share.

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