Enviro Infra Engineers Ltd - IPO

Enviro Infra Engineers Ltd IPO Details

Initial public offering of up to 4,39,48,000 equity shares of face value of Rs. 10 each (Equity Shares) of Enviro Infra Engineers Limited (The Company or Issuer) for cash at a price of Rs. 148 per equity share (including a premium of Rs. 138 per equity share) (Offer Price) aggregating up to Rs. 650.30 crores (Offer). The offer comprises a fresh issue of up to 3,86,80,000 equity shares aggregating up to Rs. 572.35 crores (Fresh Issue) and an offer for sale of up to 21,34,000 equity shares aggregating up to Rs. 31.58 croress by Sanjay Jain, up to 21,34,000 equity shares aggregating up to Rs. 31.58 crores by Manish Jain, up to 5,00,000 equity shares aggregating up to Rs. 7.40 crors by Ritu Jain and , up to 5,00,000 equity shares aggregating up to Rs. 7.40 crores by Shachi Jain (collectively, Promoter Selling Shareholders and such offer for sale by the promoter selling shareholders, Offer for Sale). The offer includes a reservation of up to 1,00,000 equity shares, aggregating up to Rs. 1.35 crores constituting up to 0.06% of the post-offer paid-up equity share capital, for subscription by eligible employees (Employee Reservation Portion). The company may, in consultation with the brlm, offer a discount equivalent of Rs. 13 per equity share to the eligible employees bidding in the employee reservation portion (Employee Discount). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer shall constitute 25.04 % and 24.98 % of the post-offer equity share capital of the company. The face value of the equity share is Rs. 10 each. The issue price is. 14.8 times of the face value of the equity shares.A discount of Rs. 13 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Objective of issue

To meet working capital requirements. Infusion of funds in its subsidiary EIEL Mathura Infra Engineers P Ltd (EIEL Mathura) to build 60 MLD STP under project titled Mathura sewerage scheme at mathura in U.P including operation & maintanence for 15 yrs through Hybrid Annnuity bas. Repayment/prepayment in full or in part of certain of its outstanding borrowings. General corporate purposes.

Enviro Infra Engineers Ltd Contact Details

Enviro Infra Engineers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@eiepl.in

Website - www.eiel.in