Enviro Infra Engineers IPO GMP, Open Date, Price Band, Allotment Status

Enviro Infra Engineers IPO open date is on 22 November to 26 November 2024. This new IPO is a book-built issue of Rs 650.43 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 572.46 crore and OFS is of Rs 77.97 crore.

Enviro Infra Engineers IPO price band is Rs 140 to Rs 148 per share. The lot size is 101 shares and the allotment status and date is finalised on Wednesday, November 27, 2024. The minimum investment for the retail investors for 1 lot is Rs 14,948.

The registrar for Enviro Infra Engineers IPO is Bigshare Services Private Limited. The listing date is 29 November 2024. As of now, Enviro Infra Engineers IPO GMP is 24 indicates mild bullish sentiment for this IPO among investors.

Also Read | Hero FinCorp IPO GMP, Open Date, Price Band, Allotment Status 

Enviro Infra Engineers IPO GMP 

Enviro Infra Engineers IPO GMP quotation is around Rs 24 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Enviro Infra Engineers IPO GMP might rise in the coming days.

Enviro Infra Engineers IPO Price Band

Enviro Infra Engineers IPO price band is Rs 140  to Rs 148 per share. The minimum amount of investment for the retail category is to be around Rs 14,948 and for small NII minimum investment is to be around Rs 2,09,272. The minimum investment for the Big NII is to be around Rs 10,01,516.

Enviro Infra Engineers IPO Open Date, Close Date 

Enviro Infra Engineers IPO open date is Friday, 22 November 2024 and closing date is Tuesday, 26 November 2024. Initiation of refund date is November 27, 2024 and credit of shares will be on 28 November 2024.

Enviro Infra Engineers IPO Allotment Status

Enviro Infra Engineers IPO allotment status will be finalised on Wednesday, 27 November 2024. The listing will be on the BSE and NSE platforms on Friday 29 November, 2024. The registrar of this IPO is Hem Securities Limited. Investors can check their allotment status after the subscription of the IPO ends.

Enviro Infra Engineers IPO Listing Date 

Enviro Infra Engineers IPO's listing date will be on Friday, 29 November 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Enviro Infra Engineers IPO: Listing Date, Lot Size, Price Band

Enviro Infra Engineers IPO  Limited: About the Company

Enviro Infra Engineers Limited incorporated in 2009, engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants and water supply projects for government entities.

Enviro Infra Engineers participates in tenders floated by state governments and ULBs to develop WWTPs and WSSPs on an EPC or HAM basis.

The company’s competitive strength is its In-house design, engineering, and execution team, with a Growing presence in existing regions with new projects. Diversified order book of projects across India. Use of advanced technologies in the construction and installation of WWTPs or WSSPs.

Enviro Infra Engineers Limited has an in-house team that designs, engineers, and constructs. The company has a team of 180 engineers supported by external consultants and industry experts.

Enviro Infra Engineers IPO Objectives 

The funds raised from Enviro Infra Engineers IPO will be used for infusion of funds in the subsidiaries EIEL Mathura. Also, to fund the working capital requirements, repayment of past outstanding borrowings. The remaining money will be used for funding the inorganic growth through unidentified acquisitions and general corporate purposes. 

Enviro Infra Engineers IPO: Key Dates, Allotment, Listing Date 

Enviro Infra Engineers IPO Subscription Details, IPO Reservation

Enviro Infra Engineers IPO subscription details will be available after the IPO opens on 22 November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Enviro Infra Engineers IPO Lot Size Details

Enviro Infra Engineers IPO lot size is set at 101 shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,948 and the maximum is 13 lots, amounting to be around Rs 1,94,324. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,09,272.

Enviro Infra Engineers IPO Promoter Holdings

Enviro Infra Engineers IPO promoters are Sanjay Jain, Manish Jain, Ritu Jain, and Shachi Jain. The promoters' shareholdings before the IPO were 93.66%; however, after the IPO, shareholdings will decline.

Enviro Infra Engineers Limited Company Financials

Enviro Infra Engineers Limited posted revenue of Rs 207.46 crore and net profit of Rs 30.78 crore for the period ending on 30 Jun 2024. The company’s revenue increased by 116% and PAT rose by 101% between the FY ending on 31 March 2024 and 31 March 2023.

Enviro Infra Engineers IPO Registrar

Enviro Infra Engineers IPO registrar is Bigshare Services Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Enviro Infra Engineers IPO Lead Managers

Enviro Infra Engineers IPO lead managers are Hem Securities Limited.

How to apply to Enviro Infra Engineers IPO

Interested investors can apply to the Enviro Infra Engineers IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Enviro Infra Engineers IPO Review

Enviro Infra Engineers IPO may get a positive response from the general public. The company is involved in design, construction, operation, and maintenance of water and Waste-Water Treatment Plants. So, investors interested in the Engineering sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Enviro Infra Engineers IPO GMP will also rise.

Enviro Infra Engineers IPO FAQ 

1. What are the details of the Enviro Infra Engineers IPO?

Enviro Infra Engineers IPO is a book-built issue of Rs 650.43 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 572.46 crore and OFS is of Rs 77.97 crore.

2. When will the Enviro Infra Engineers IPO open and close?

Enviro Infra Engineers IPO open date is Friday, 22 November 2024 and closing date is Tuesday, 26 November 2024. Initiation of refund date is November 27, 2024 and credit of shares will be on 28 November 2024.

3. What is Enviro Infra Engineers IPO GMP?

Enviro Infra Engineers IPO GMP quotation is around Rs 24 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription.

4. What are the details of Enviro Infra Engineers IPO reservation?

Enviro Infra Engineers IPO subscription details will be available after the IPO opens on 22 November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Enviro Infra Engineers IPO allotment status will be finalised on Wednesday, 27 November 2024. The listing will be on the BSE and NSE platforms on Friday 29 November, 2024. The registrar of this IPO is Hem Securities Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Enviro Infra Engineers IPO?

Enviro Infra Engineers IPO's registrar is Bigshare Services Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. Hem Securities Limited are the lead managers.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?