Enviro Infra Engineers IPO: Sustainability in water and wastewater solutions

22 November 2024

Enviro Infra Engineers Limited, a company established in 2009, specializes in designing, constructing, and maintaining critical water and wastewater treatment facilities. Having expertise in handling projects like Sewage Treatment Plants (STPs), Common Effluent Treatment Plants (CETPs), and Water Supply Schemes (WSSPs), the company plays a crucial role in addressing India’s growing water management challenges.

• It caters to government-backed initiatives such as the Jal Jeevan Mission (JJM) and the National Mission for Clean Ganga (NMCG), ensuring steady revenue streams through contracts with state governments and urban local bodies. Along with over 28 completed projects, including 22 with capacities over 10 MLD, and an order book worth ₹1,906 crore, the company demonstrates operational excellence and significant growth potential.
  
  
• The Enviro Infra IPO, priced between ₹146-148 per share, aims to raise ₹732.6 crore to support its ambitious growth plans. A substantial portion of the proceeds—₹181 crore—will address working capital needs, while ₹30 crore is allocated to constructing a 60 MLD sewage treatment plant in Mathura. Additionally, ₹100 crore will go toward reducing debt, and enhancing financial stability. These initiatives align with the company's broader goals of scaling its operations and participating in large-scale infrastructure projects essential for India’s water conservation and reuse strategies.