Enviro Infra Engineers Limited — Others, 10-05-2025: Monitoring Agency Report

Enviro Infra Engineers Limited has announced a Monitoring Agency Report by Crisil Ratings on IPO proceeds utilization. The company raised Rs 650.30 Cr through its IPO, mainly allocated to working capital (Rs 181 Cr), a subsidiary for a 60 MLD STP project (Rs 30 Cr), repayment of borrowings (Rs 120 Cr), and inorganic growth/corporate purposes (Rs 186.27 Cr). Rs 294.33 Cr was utilized during the quarter, with Rs 224.94 Cr still earmarked and held in fixed deposits at ~7% returns. Utilization aligns with the company’s operational and growth plans, with no deviations or delays.