The Initial Public Offering (IPO) of Enviro Infra Engineers Limited, a company specializing in wastewater management, is set to open tomorrow, November 22, 2024. This is an important opportunity for investors who want to participate in the growing water treatment industry. Let’s break down all the essential details of this IPO.
Enviro Infra Engineers IPO: What You Need to Know
Enviro Infra Engineers has fixed the price band for its IPO between ₹140 and ₹148 per share. The company plans to raise ₹650.43 crore from this public offering. Out of this amount, ₹572.46 crore will be raised through the issuance of fresh shares, while ₹77.97 crore will be raised through the offer for sale (OFS) route.
The IPO will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It will remain open for bidding from November 22, 2024, to November 26, 2024. The shares are expected to be listed on November 29, 2024.
Price Band and Lot Size
For those looking to invest, the price band of ₹140 to ₹148 per share provides an affordable entry point for the IPO. The minimum investment amount is ₹14,948 for one lot, which consists of 101 shares. This allows investors to start their journey into the stock market with a manageable investment size.
Even before the IPO opens, Enviro Infra Engineers shares are generating significant interest. According to stock market observers, the shares are currently available at a grey market premium of ₹23. The grey market premium is an indication of the demand for the IPO and is often seen as a strong sign of positive market sentiment towards the company.
Enviro Infra Engineers is a leading player in the wastewater treatment industry. The company has a proven track record of handling complex water and wastewater projects for government agencies, municipalities, and private sector clients. It has become an important part of India’s efforts to improve water and sanitation infrastructure.
The Enviro Infra Engineers IPO offers a solid investment opportunity for those looking to enter the water and wastewater treatment sector. The company has strong growth potential, backed by government initiatives and a rising demand for water treatment solutions.
Be sure to research thoroughly and make informed decisions based on your financial goals and risk tolerance.
The Enviro Infra Engineers IPO opens tomorrow, and with strong investor interest already visible in the grey market, it could be an exciting opportunity for investors in the coming days.
