Hot Pursuit     29-Nov-24
Enviro Infra Engineers spurts on debut
Shares of Enviro Infra Engineers were currently trading at Rs 216.90 at 10:15 IST on the BSE, representing a premium of 46.55% as compared with the issue price of Rs 148.
The scrip was listed at Rs 218, exhibiting a premium of 47.3% to the issue price.

So far, the stock has hit a high of 233.50 and a low of 215.30. On the BSE, over 26.28 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Enviro Infra Engineers was subscribed to 89.90 times. The issue opened for bidding on 22 November 2024, and it closed on 26 November 2024. The price band of the IPO was fixed between Rs 140 and 148 per share.

The IPO comprised a fresh issue of up to 3,86,80,000 equity shares of Rs 10 each and an offer for sale of up to 52,68,000 equity shares of Rs 10 face value each.

Of the net proceeds from the fresh issue, Rs 31.45 crore will be used for the prepayment or repayment of certain outstanding borrowings, investment in subsidiaries HPPL, STBFL, and JPPL for funding working capital requirements, and general corporate purposes.

As of 30 June 2024, total outstanding stood at Rs 305.59 crore, and this includes unsecured loans of about Rs 49.18 crore.

Ahead of the IPO, Enviro Infra Engineers on Thursday, 21 November 2024, raised Rs 194.68 crore from anchor investors. The board allotted 1.31 crore shares at Rs 148 each to 22 anchor investors.

Enviro Infra Engineers (EIEL) 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 and bodies. 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 30 June 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.

The firm reported a consolidated net profit of Rs 28.16 crore and sales of Rs 205.18 crore for the three months ended on 30 June 2024.

Previous News
  Enviro Infra Engineers IPO ends with nearly 90x subscription
 ( IPO Centre - IPO News 27-Nov-24   16:33 )
  Enviro Infra Engineers to hold board meeting
 ( Corporate News - 28-Jan-25   14:23 )
  Enviro Infra Engineers IPO subscribed 89.90 times
 ( IPO Centre - IPO News 26-Nov-24   17:35 )
  Enviro Infra Engineers IPO debuts today
 ( Corporate News - 29-Nov-24   09:27 )
  Enviro Infra jumps 16% in three sessions; hits record high
 ( Hot Pursuit - 16-Dec-24   13:52 )
  Enviro Infra rises after reporting strong Q2 numbers
 ( Hot Pursuit - 19-Dec-24   10:29 )
  Enviro Infra Engineers spurts on debut
 ( Hot Pursuit - 29-Nov-24   10:22 )
  Enviro Infra Engineers to convene board meeting
 ( Corporate News - 16-Dec-24   09:28 )
  Enviro Infra spurts after Q3 PAT soars to Rs 37 cr
 ( Hot Pursuit - 06-Feb-25   15:49 )
  Enviro Infra Engineers
 ( IPO Centre - New Issue Monitor 21-Nov-24   10:49 )
  Enviro Infra Engineers IPO subscribed 2.07 times
 ( IPO Centre - IPO News 22-Nov-24   17:12 )
Other Stories
  Shipping Corp Q3 PAT drops 44% YoY to Rs 76 cr
  08-Feb-25   15:44
  Honeywell Automation PAT rises 3% YoY to Rs 132 cr in Q3
  08-Feb-25   14:35
  Oil India Q3 PAT slides 23% YoY to Rs 1,222 crore
  08-Feb-25   13:01
  Delhivery Q3 PAT climbs 113% YoY to Rs 25 cr
  08-Feb-25   11:56
  LIC Q3 PAT rises 17% YoY to Rs 11,056 cr
  08-Feb-25   11:12
  Fortis Healthcare Q3 PAT climbs 84% YoY to Rs 248 cr
  08-Feb-25   08:59
  Balrampur Chini declines as Q3 PAT slides 23% YoY to Rs 70 crore
  07-Feb-25   16:55
  NOCIL slumps after Q3 PAT slips 57% YoY to Rs 13 crore
  07-Feb-25   16:15
  Bikaji Foods slides as Q3 PAT drops 39% YoY to Rs 29 cr
  07-Feb-25   15:35
  DCX Systems drops after Q3 PAT slides 25% YoY to Rs 10 crore
  07-Feb-25   15:34
Back Top