Enviro Infra Engineers Ltd is preparing to launch its initial public offering (IPO) with a focus on the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government entities.
The company specializes in various treatment facilities, including Sewage Treatment Plants (STPs) and Common Effluent Treatment Plants (CETPs), which adhere to Zero Liquid Discharge (ZLD) standards, allowing treated water to be repurposed for horticulture and industrial processes.
Funding for these projects is supported by the Central Government through initiatives such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the National Mission for Clean Ganga (NMCG) for urban projects. Rural WSSPs receive backing from the Jal Jeevan Mission (JJM). Local state authorities and Urban Local Bodies (ULBs) also contribute to the financing of these essential infrastructure projects.
Market analysts have assessed the IPO as fairly priced, recommending a "Subscribe-Long term" rating, indicating confidence in the company's growth potential within the water treatment sector.