The Enviro Infra Engineers IPO (Initial Public Offering) has generated significant interest among investors, and now, applicants are eagerly waiting for the allotment status to be announced today, November 27, 2024. The IPO has been oversubscribed by a strong 89.90 times, indicating high demand for the shares.
Enviro Infra Engineers IPO Allotment Status
The allotment status for the Enviro Infra Engineers IPO is expected to be announced today. Investors who applied for the IPO can check whether they have been allotted shares through the official websites. The allotment status will provide clarity on how many shares an applicant will receive, based on the number of applications and the allotment ratio.
To check the allotment status, investors can visit the following websites:
- BSE Website:
- Go to the official BSE India website: BSE India
- Enter your PAN number and application number.
- Click on the “Submit” button to view your allotment status.
- Bigshare Services Website:
- Visit the Bigshare Services website: Bigshare Services
- Enter your PAN number or application number.
- Click the “Submit” button to check your allocation status.
Enviro Infra Engineers IPO Subscription Status
The IPO has received an overwhelming response from all categories of investors, highlighting the company’s strong appeal in the market. Here are the subscription figures:
- Qualified Institutional Buyers (QIBs): Subscribed 157.05 times.
- Non-Institutional Investors (NIIs): Subscribed 153.80 times.
- Retail Individual Investors (RIIs): Subscribed 24.48 times.
The high subscription levels indicate that investors are confident in the company’s growth potential. QIBs and NIIs showed a particularly strong interest in the issue, while the retail portion also saw a good level of demand.
The Grey Market Premium (GMP) for Enviro Infra Engineers shares is currently ₹50, which means shares are being traded at a premium of ₹50 in the unofficial grey market. However, it is important to note that GMP is not always an accurate predictor of future listing gains. It provides a sense of the market’s sentiment but is not a guaranteed indicator of the stock’s performance once it officially lists on the stock exchanges.
Earlier this week, the GMP had been ₹55, but it decreased slightly to ₹50 on Wednesday. This shift is being attributed to a change in market sentiment after the Indian stock market ended its two-day rally.
IPO Listing Date
The much-awaited listing of Enviro Infra Engineers is expected to take place on November 29, 2024. This is the day when the shares will be listed on the stock exchanges, and investors will know the final market price of the shares. The listing day is always crucial as it gives investors an opportunity to either sell their shares or hold onto them based on the market’s performance.
Enviro Infra Engineers is a leading player in the water and wastewater treatment industry in India. The company provides end-to-end solutions for municipal and industrial wastewater treatment, sewage treatment plants, and water supply systems. With a strong focus on environmental sustainability, Enviro Infra Engineers aims to contribute to cleaner water management systems in India.
Investors who applied for the Enviro Infra Engineers IPO will be hoping for a successful allotment of shares as the company gears up for its listing on November 29, 2024. The strong subscription and interest in the IPO reflect investor confidence in the company’s business and future growth. To check if you have been allotted shares, visit the BSE or Bigshare Services website today, and stay updated on the listing news as the company prepares to debut on the stock exchanges.
