ENVIRO INFRA ENGINEERS LIMITED FILES DRHP WITH SEBI
Enviro Infra has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”) on 27th September 2022. The proposed initial public offering by Enviro Infra comprises of Fresh Issue of up to 95,00,000 equity shares (“Issue”). Hem Securities Limited is the Book Running Lead Manager for the proposed Issue. Enviro Infra in consultation with Book Running Lead Manager may consider a Pre-IPO placement of up to 7,00,000 Equity Shares prior to filing the Red Herring Prospectus with the ROC. Company proposes to utilize the Proceeds of the Issue to meet the Working Capital Requirements, General Corporate Purposes and to meet issue expenses.
Enviro Infra’s capabilities as an established player allows it to focus on Projects with EPC/ HAM and O&M components. Post the commissioning of the project, O&M provide steady cash flows and add significantly to the Company’s margins. Enviro Infra has been focusing on design capabilities for complex and critical projects such as process description, process calculations, hydraulic calculations, design codes and standards, master drawing schedule, drainage design, STP facilities layout, process flow diagram, hydraulic flow diagram, mass balance diagram, process & instrumentation diagram, tentative single line diagram and electrical load list. Company’s in-house engineering and design team of engineers have the necessary skills and expertise in preparing detailed architectural and /or structural designs based on the conceptual requirements of our clients. Its engineering and design team reduces dependence on outsourcing engineering and design work to third party consultants. Enviro Infra’s quality control managers are responsible for conducting regular inspection and tests at every project site for quality control monitoring and management. As on August 15, 2022, company is executing 15 ongoing projects which include 10 WWTPs and 5 WSSPs aggregating into an Order Book of 1,56,894.18 lakhs. As of August 15, 2022, company’s O&M Order Book includes 26 WWTPs and WSSPs with an aggregate O&M contract value of Rs. 43,226.63 lakhs.