Enviro Infra Engineers Limited (“Enviro Engineers” or “The Company”), shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Friday, November 22, 2024.
The total offer size of Equity Shares (face value ₹ 10 each) comprises of fresh issue of up to 3,86,80,000 Equity Shares (The “Fresh Issue”) and offer for sale of up to 52,68,000 Equity Shares. (The “Offer for Sale”).
This offer includes a reservation of up to Up to 1,00,000 Equity Shares for subscription by eligible employees. (The “Employee Reservation Portion”)
The Anchor Investor Bidding Date shall be Thursday, November 21, 2024. The Bid/Offer will open on Friday, November 22, 2024 and close on Tuesday, November 26, 2024. (“Bid Details”)
The Price Band of the Offer has been fixed at ₹140 to ₹ 148 per Equity Share. Bids can be made for a minimum of 101 Equity Shares and in multiples of 101 Equity Shares thereafter. (The “Price Band”).
The Company proposes to utilise net proceeds from fresh issue of Equity Shares towards (i)To meet the Working Capital Requirements; (ii)Infusion of funds in our Subsidiary, EIEL Mathura Infra Engineers Private Limited (“EIEL Mathura”) to build 60 MLD STP under project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity Based PPP Mode. (iii)Repayment/prepayment in full or in part, of certain of our outstanding borrowings;
(iv)Funding inorganic growth through unidentified acquisitions and general corporate purposes (the “Objects of Issue”).
The offer for sale of up to 52,68,000 Equity Shares (“Offered Shares”) comprising up to 21,34,000 Equity Shares by Sanjay Jain, up to 21,34,000 Equity Shares by Manish Jain, up to 5,00,000 Equity Shares by Ritu Jain and up to 5,00,000 Equity Shares by Shachi Jain (collectively, the “Promoter Selling Shareholders”), and such offer for sale of Equity Shares by the Selling Shareholders, “the Offer for Sale”).
This Equity Shares are being offered through the Red Herring Prospectus of the Company dated November 16, 2024 filed with the Registrar of Companies, Delhi. (The “RHP”)
The Equity Shares to be offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange. (The “Listing Details”)