Enviro Infra Engineers Limited — Others, 08-02-2025: Monitoring Agency Report

Enviro Infra Engineers Limited has provided a Monitoring Agency Report for the quarter ended December 31, 2024, prepared by Crisil Ratings Limited. The report confirms that there are no deviations from the IPO proceeds utilization as per the stipulated objectives. The total amount raised through the IPO was ₹65.03 crore, with net proceeds of ₹51.73 crore allocated primarily for working capital requirements, subsidiary funding, debt repayment, and potential acquisitions. As of the quarter, ₹18.74 crore has been utilized, leaving ₹32.98 crore unutilized, which is currently invested in fixed deposits and liquid accounts. This steady utilization positions the company favorably for future growth, potentially creating a positive sentiment among investors.