Quality Enviro Engineers: Business, Financials & SME IPO Plan (2026)
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Quality Enviro Engineers Private Limited filed its DRHP on 30 Sep 2026 for an SME IPO. Learn about its pollution-control machinery business, financial metrics, and corporate updates.
Direct answer: Quality Enviro Engineers Private Limited is a Ghaziabad-based manufacturer of pollution control and municipal sanitation equipment that filed its DRHP on 30 Sep 2026 for an SME IPO. Tracked by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, the company reported ₹63.01 Cr revenue and ₹5.03 Cr PAT in FY26.
Company Overview and Product Portfolio
Incorporated on 06 May 2016 (CIN U29190UP2016PTC082974), Quality Enviro Engineers Private Limited traces its operational origins to a proprietorship established in 2012. Headquartered in Ghaziabad, Uttar Pradesh, the firm operates as a specialized original-equipment manufacturer (OEM) focused on environmental engineering, municipal sanitation, and industrial pollution control equipment.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹1,200 | 6 Oct 2026 |
| Lot size | 21 shares | 6 Oct 2026 |
| Minimum investment | ₹25,200 | 6 Oct 2026 |
| Market cap | ₹159 Cr | 6 Oct 2026 |
| Face value | ₹10 | 6 Oct 2026 |
| Book value | ₹59.1 | 6 Oct 2026 |
| P/E | 62.4 | 6 Oct 2026 |
| ISIN | INE0V2L01016 | 6 Oct 2026 |
| Sector | Industrials | 6 Oct 2026 |
| Listing status | UNLISTED | 6 Oct 2026 |
The company designs and manufactures a broad spectrum of equipment tailored for solid waste management, liquid waste handling, and urban air pollution control. Its standard catalog includes anti-smog guns deployed for urban particulate suppression, refuse compactors, desilting machinery, super-sucker equipment, road sweepers, mobile toilets, and fogging machines. Specialized units such as tree-ambulance trucks and amphibious excavators are also developed, while tractor-mounted sewer suction machines and sewer suction-cum-jetting units are reported across industry listings. Indicative catalog pricing ranges from basic utility items like dustbins at ₹2,200 per unit to capital machinery such as truck-mounted road sweepers priced around ₹50 lakh.
Manufacturing infrastructure is anchored across two facilities in Ghaziabad with a combined floor area of approximately 6,000 square metres and an annual capacity of roughly 300 machine units. The company's fixed assets stand at ₹4.00 Cr, supported by a newly constructed facility completed in FY26 valued at ₹2.55 Cr. Operating presence is maintained via a sales office in Sahibabad and production facilities in Faridnagar, Ghaziabad. Operations are led by Managing Director Ashwani Srivastava alongside key leadership including Marketing Head (North) Rajiv Kumar and Production Heads Devendra Singh and Mukesh Agarwal.
Financial Growth and Operating Performance
Quality Enviro Engineers has demonstrated top-line expansion over recent financial years, driven by municipal procurement and clean-city policy thrusts. Between FY23 and FY26, the company achieved an annualized revenue growth rate of 8.0%, accompanied by a compound annual growth rate (CAGR) of 25.0% in net profit.
Per reported figures from FY23 to FY26, revenue expanded from ₹49.88 Cr in FY23 to ₹63.01 Cr in FY26, while net profit grew from ₹2.55 Cr to ₹5.03 Cr.
For the financial year ending 31 Mar 2026, total revenue reached ₹63.01 Cr, up from ₹51.52 Cr in FY25 and ₹40.22 Cr in FY24. Machine sales accounted for ₹31.60 Cr in FY26 compared to ₹39.90 Cr in FY25, while specialized services and maintenance revenues contributed to overall top-line gains. Profitability metrics reflected steady gains, with Profit Before Tax (PBT) rising to ₹6.88 Cr in FY26 from ₹5.52 Cr in FY25, and Profit After Tax (PAT) reaching ₹5.03 Cr. Non-operating other income contributed ₹1.76 Cr in FY26.
Capital Structure, Share History, and SME IPO Plan
Ahead of its capital market entry, Quality Enviro Engineers completed restructuring steps to transition from a private entity to a public framework. On 14 Aug 2026, the company appointed independent directors to its board and formally converted into a public limited entity, alongside expanding its authorised share capital from ₹5.00 Cr to ₹18.00 Cr. On 30 Sep 2026, the issuer officially filed its Draft Red Herring Prospectus (DRHP) for a proposed SME initial public offering, reserving ₹10 lakh toward issue expenses. To read a detailed breakdown of the filing, review our analysis on Quality Enviro Engineers Files DRHP in 2026: Draft Prospectus Analysis.
Prior fundraising history includes a private placement round in May 2024 that raised ₹13.00 Cr at an issue price of ₹551.20 per share, marking a 6.7x valuation markup over preceding financing rounds. In September 2026, the company approved a 10:1 bonus share issue, expanding its share capital base to 1.30 crore outstanding equity shares (ISIN INE0V2L01016) with a face value of ₹10 per share.
Unlisted Share Price Trend and Market Valuation
Shares of Quality Enviro Engineers trade off-exchange in the private unlisted market, where transaction prices reflect negotiated trades between private buyers and sellers rather than order-driven exchange books. To monitor general pre-IPO valuations and market movements, compare this counter against broader unlisted benchmarks such as the PharmEasy Unlisted Share Price Drops 11.7% in September 2026 report.
The indicative unlisted share price for Quality Enviro Engineers remained steady at ₹1,200.00 between 08 Jul 2026 and 05 Oct 2026.
As of 06 Oct 2026, the indicative price stands at ₹1,200.00 per share, implying an estimated market capitalization of ₹159.00 Cr based on the pre-bonus capital configuration. The unlisted market valuation of the issuer is estimated at approximately ₹119.00 Cr when evaluated against reported net assets and trailing FY26 earnings. Investors evaluating pre-IPO opportunities via BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 can monitor corporate actions and issue developments through our Unlisted shares screener or track timeline updates on the IPO calendar.
Business Strengths and Key Risk Factors
Quality Enviro Engineers benefits from structural tailwinds associated with central and state environmental mandates. Programs promoting urban cleanliness and pollution mitigation generate baseline demand for anti-smog equipment and mechanized road sweepers. Additionally, targeted welfare schemes such as the NAMASTE scheme offer capital subsidies up to ₹5 lakh for specialized sanitation vehicles, providing indirect support to equipment demand.
However, prospective market participants must consider operational and financial risk factors detailed in corporate filings:
- Working Capital Constraints: Operating cash flow for FY26 was negative at -₹1.70 Cr due to substantial working capital absorption in municipal supply contracts.
- Government Tender Commitments: Capital is tied up in bid requirements, including ₹1.30 Cr in earnest money deposits, ₹1.00 Cr in security deposits, and ₹2.40 Cr in outstanding bank guarantees.
- Delayed Receivables: Outstanding trade receivables stood at ₹33.60 Cr as of FY26, highlighting vulnerability to extended municipal payment cycles.
- Liquidity Risk: Unlisted equity lacks a public secondary market; shares are subject to illiquidity, pricing variance, and potential lock-in restrictions post-listing.
To discuss current unlisted share availability, transaction documentation, or transfer mechanics for Quality Enviro Engineers Private Limited on BuyUnlistedShares, visit our enquiry desk. BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 provides complete trade execution support.
Frequently Asked Questions
What does Quality Enviro Engineers Private Limited do?
Quality Enviro Engineers Private Limited manufactures environmental engineering, pollution control, and municipal sanitation equipment. Its product portfolio includes anti-smog guns, refuse compactors, road sweepers, desilting machinery, and specialized sanitation vehicles supplied primarily to public sector bodies and municipal contractors.
Has Quality Enviro Engineers filed for an IPO in 2026?
Yes. The company filed its Draft Red Herring Prospectus (DRHP) on 30 Sep 2026 to list its equity shares on the SME exchange platform, following its corporate conversion to a public company on 14 Aug 2026.
What were Quality Enviro Engineers' financial results for FY26?
For FY26, Quality Enviro Engineers reported total revenue of ₹63.01 Cr, Profit Before Tax (PBT) of ₹6.88 Cr, and Profit After Tax (PAT) of ₹5.03 Cr, with reported earnings per share (EPS) standing at ₹42.66.
Is investing in Quality Enviro Engineers unlisted shares suitable for retail investors?
We do not make that call. Unlisted securities carry liquidity risks, extended working capital cycles, and price variability. Investors should assess their own risk tolerance, analyze official prospectus filings, and consult a qualified advisor before transacting.
How can investors track Quality Enviro Engineers unlisted shares and IPO status?
Investors can review corporate updates, balance sheet data, and indicative price quotes through our specialized company page for Quality Enviro Engineers and follow issue progress via our online IPO calendar.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
