Enviro Infra Engineers IPO GMP: Unlisted shares of Enviro Infra Engineers Ltd are currently trading in the gray market at Rs. 194 which is trading at Rs. 148 over the IPO issue price of Rs. 46 or 31.08 percent is more.
The sewage treatment solutions provider is all set to get listed on BSE and NSE on Friday, November 29, as Enviro Infra Engineers IPO allotment has been finalised. The latest GMP stands at 31.1 percent, indicating decent listing gains for investors tomorrow. .
The IPO was available for subscription between November 22 and November 26. It received an overall subscription of 89.90 times receiving bids for 2,76,83,13,747 shares against 3,07,93,600 shares on offer.
The qualified institutional buyers’ share was subscribed 157.05 times while the non-institutional investors’ category was subscribed 153.80 times. Retail individual investors attracted 24.48 times subscription.
Enviro Infra Engineers IPO GMP today
According to market watchers, the unlisted shares of Enviro Infra Engineers Ltd are currently trading at Rs per share in the gray market. 194 which is trading at Rs. 46 or Rs. 148 is 31.08 percent higher than the IPO issue price. 31.08% GMP represents an overwhelming price. List benefits. The listing of the IPO is scheduled to take place on November 29.
GMP is dependent on market sentiments and is subject to change. The ‘grey market premium’ represents the willingness of investors to pay more than the issue price.
Enviro Infra Engineers IPO Allotment Status
IPO allotment status can be checked online by following these steps:
1) Go to official BSE website via URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Enviro Infra Engineers Ltd’ in the dropbox.
4) Enter your Application Number or Permanent Account Number (PAN).
5) Then, click on ‘I’m not a robot’ and hit ‘Search’ option to verify yourself.
Your share application status will appear on your screen.
You can also visit the portal of Direct BigShare Services Pvt Ltd — And Check Enviro Infra Engineers IPO Allotment Status.
Enviro Infra Engineers: More Details
Enviro Infra Engineers is involved in the development of turnkey projects of sewage treatment plants and sewage systems.
Before the IPO, it raised around Rs. 195 crore was collected.
Rs. 650-crore initial share sale at Rs. 140-148 in the price range.
The company’s IPO is a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by the promoters.
From fresh issue Rs. 181 crore will be used to meet working capital requirements, Rs. 100 crore will be used for debt repayment, Rs. 30 crore will be pumped into the company’s subsidiary EIEL Mathura Infra Engineers, so that 60 will be constructed. million liters per day Sewage Treatment Plant (STP) at Mathura, Uttar Pradesh. In addition, a portion will be used for general corporate purposes.
Enviro Infra Engineers are engaged in the design, construction, operation and maintenance of water and wastewater treatment plants and water supply scheme projects for government authorities/organizations.
The treatment process installed by the company at most STPs is zero liquid discharge-compliant and the treated water can be used for horticulture, washing, refrigeration and other process industries.
Hamm Securities is the sole book-running lead manager of the public issue.