Enviro Infra Engineers IPO Opens Today
The much-anticipated Enviro Infra Engineers IPO begins today, November 22, 2024, marking its debut in the Indian primary market. The wastewater management company is looking to raise ₹650.43 crore through its initial public offering (IPO), with a price band fixed at ₹140 to ₹148 per share. The subscription period will remain open until November 26, 2024.
Enviro Infra Engineers IPO Details at a Glance
- Price Band: ₹140 – ₹148 per equity share
- Total Issue Size: ₹650.43 crore
- Fresh Issue: ₹572.46 crore (3.87 crore equity shares)
- Offer for Sale (OFS): ₹77.97 crore (52.68 lakh equity shares)
- Listing Platforms: BSE and NSE
At the upper price band of ₹148, the company is set to raise ₹650.43 crore, offering investors an exciting opportunity to participate in its growth journey.
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Day 1 Subscription Status
As of 5:00 PM on November 22, the IPO has garnered strong interest across all investor categories:
- Retail Individual Investors (RII): Subscribed 2,60,90,825 shares
- Qualified Institutional Buyers (QIB): Subscribed 1,79,29,419 shares
- Non-Institutional Investors (NII): Subscribed 1,96,16,523 shares
Anchor Investor Round
Before the public issue, Enviro Infra Engineers successfully raised ₹194.6 crore from anchor investors on November 21. The company allocated 1.31 crore shares at ₹148 per share to 22 prominent anchor investors, including major mutual fund schemes.
Grey Market Premium (GMP) Trends
The IPO is gaining traction in the unlisted market. The GMP (Grey Market Premium) for Enviro Infra Engineers shares today stands at ₹39 per share, indicating a premium of 26% over the upper price band of ₹148. This suggests robust investor confidence.
Company Overview
Enviro Infra Engineers Ltd is a leading wastewater management company. The proceeds from the IPO will support the company’s expansion plans, with ₹572.46 crore from fresh issues allocated towards capital expenditures and operational enhancements.
Key Dates to Remember
- IPO Opens: November 22, 2024
- IPO Closes: November 26, 2024
- Listing Date: To be announced (expected within two weeks of closure)
Interested investors are encouraged to analyze the company’s fundamentals and growth prospects. For more updates on Enviro Infra Engineers IPO, stay tuned to our live blog.
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