The initial public offering (IPO) of Enviro Infra Engineers Limited, a prominent name in the wastewater management industry, began its subscription today, November 22, 2024, and will remain open until November 26, 2024. Investors keen on this sector now have an opportunity to participate in this growing company.
Key Details About Enviro Infra Engineers IPO
Here’s an overview of the most important aspects of this IPO:
- Price Band: The share price is set between ₹140 and ₹148 per share.
- Lot Size: Applications must be made in lots of 101 shares, with a minimum investment of ₹14,948.
- Issue Size: The IPO totals ₹650.43 crore, consisting of a fresh issue of ₹572.46 crore and an Offer for Sale (OFS) of ₹77.97 crore.
- Allotment Date: Shares are expected to be allocated on November 27, 2024.
- Listing Date: The shares are planned to be listed on BSE and NSE on November 29, 2024.
The Grey Market Premium (GMP) indicates the level of investor interest ahead of the official listing. Currently, Enviro Infra Engineers shares are trading at a premium of ₹31, showing an increase of ₹8 compared to the previous day. At the upper price band, this premium suggests potential listing gains of 20-25%.
Subscription Status
On the first day, the IPO has attracted significant initial interest:
- Overall Subscription: 0.09 times
- Retail Investors: 0.13 times
- Non-Institutional Investors (NII): 0.14 times
Investors can track the live subscription status on the official NSE and BSE websites.
Enviro Infra Engineers specializes in water and wastewater treatment, undertaking projects in residential, commercial, industrial, and municipal sectors. The company’s established record and diverse portfolio make it a notable player in this field.
The Enviro Infra Engineers IPO presents an interesting opportunity for those looking to invest in the water and wastewater management sector. The company’s growth trajectory and potential in a rapidly expanding industry make it appealing for long-term investors. However, factors such as premium pricing and sector-specific risks should be considered carefully before making a decision.
Prospective investors should evaluate their risk appetite and conduct thorough research to make an informed investment decision.
