Balaji solutions, Enviro Infra get Sebi nod to float IPO
IT tackle and mobile accessories firm Balaji solutions and Enviro Infra masterminds, which provides results for waste water treatment, have entered capital requests controller Sebi’s go- ahead to raise finances through original public immolations (IPOs). The two companies, which filed their primary IPO papers with Sebi during August and September 2022, attained the observation letters on January 23, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
In Sebi’s parlance, entering an observation letter from the controller implies it’s go- ahead to float the original share- trade. According to the draft red herring prospectus (DRHP), Balaji results’ public issue consists of a fresh issue of equity shares worth up to Rs 120 crore and an offer- for- trade (OFS) of over to 75 lakh equity shares by a protagonist and a protagonist- group reality. Under the OFS, Rajendra Seksaria, and Rajendra Seksaria HUF will discharge shares.
The company may consider a pre-IPO placement adding up to Rs 24crore.However, the fresh issue size will be reduced, if similar placement is completed. Proceeds from its fresh allocation worth Rs86.60 crore will be employed for backing incremental working capital conditions of the company, and general commercial purposes.
Balaji results is an IT tackle & peripherals and mobile accessories company engaged in the business of manufacturing and branding of products under its flagship brand “Foxin”. The IPO of Enviro Infra Engineers consists of trade of 95 lakh equity shares with no OFS element, the draft papers showed.
finances raised through the issue will be used to meet the working capital conditions and general commercial purpose. Enviro Infra Engineers is engaged in designing, construction, operation and conservation of water and wastewater treatment shops and water force scheme systems for government authorities.
About Balaji Solutions Limited
Balaji Solutions Limited is an IT hardware & peripherals and mobile accessories company engaged in the business of manufacturing and branding of products under our flagship brand i.e. “Foxin”; original equipment manufacturers ranging from sourcing of components, designing, manufacturing, quality testing as per the specifications provided by certain brand owners; and distribution of various IT hardware & peripherals, mobile accessories, consumables and surveillance products of certain brand owners.
We have established a market presence during our two decades of operations and we believe that our extensive history and quality products have led to wide recognition of our products, which has enabled us to effectively target the rapidly changing consumer preferences in India and increase the scale of our operations. We have set up an integrated manufacturing facility at Anmol South City Infra Park, Plot No. B4 and B5, Mouza Jagdishpur, JL No. 2, Dist. P.S. Liluah, Howrah, West Bengal – 711115, India, which provides us with the flexibility to produce new products in a short time-span and scale-up production to meet the demands of our customers.
Our Manufacturing Facility is certified with ISO 9001:2015 certifying our quality management system and ISO 14001:2015 certifying our environment management system for manufacturing of mobile and computer accessories, warehouse and services of mobile accessories and computer peripherals. We have an experienced senior management team under the overall stewardship of our Managing Director and Promoter, Rajendra Seksaria, who is a first-generation entrepreneur, and has more than two decades of experience in the electronic industry.
The experience of our Promoter in the electronics sector is supplemented by our senior management team. We believe that our senior management team’s in-depth understanding of target markets and client demand and preferences have enabled us to grow our business and expand our operations.
About Enviro Infra Engineers Limited
Enviro Infra Engineers Limited (EIEL) was established in 2009 with command in the hands of 2nd generation entrepreneurs, based on guidance & platform set by the founder, Late Shri R.K. Jain in 1991. The company aims to make the world a better place to live by making it more environmentally friendly.
Our promoters have more than 25 years of experience which has helped the company execute projects to the tune of 784 MLD, with 58 projects having PAN India presence. Water shortage and pollution are major issues in today’s world, and we have developed a range of water treatment plants and pipeline systems to solve these issues. Industries can discharge cleaner water into rivers by using our cost-effective wastewater treatment systems. We are able to provide our customers with the most modern and value-driven water treatment systems thanks to the perfect combination of in-house design and engineering teams and project management expertise.
Knowledge and skills are required for the treatment of industrial water. There is nothing that we can’t handle when it comes to water treatment, whether it’s municipal or industrial wastewater (biological, physical and chemical treatment). We’re all concerned about the state of our waterways. The services we provide at EIEL include Sewerage Treatment Plant (STP) and Sewerage System, Common Effluent Treatment Plant (CETP), Water Treatment Plants (WTP) and Water Supply Scheme.
Clients want more than a one-time fix from us. Let us know what your company requirements are, and we’ll take care of them. In addition to the development of plants, we also assist in the administration of plants by providing operation and maintenance services.