Last Day Review of Enviro Infra’s ₹650.43 Crore IPO

Enviro Infra Engineers ₹650.43 crore closes for bidding on November 26, 2024. Enviro Infra Engineers IPO allotment is expected to be finalised on November 27, 2024. Enviro Infra Engineers IPO will be listed on BSE, NSE with a tentative listing date fixed of November 29, 2024.

The price band for the IPO has been set at ₹140 to ₹148 per share. The minimum lot size for an application is 101 Shares. The minimum amount of investment required by retail investors is ₹14,948.  On November 21, 2024, Enviro Infra Engineers raised ₹194.69 crore from anchor investors

At 01:02 PM on November 26, Enviro Infra Engineers IPO was subscribed 15.98 times. The public issue subscribed 7.19 times in the retail category, 1.85 times in QIB, and 55.47 times in the NII category. 

Incorporated in 2009, Enviro Infra Engineers Limited is involved in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and the laying of pipelines for water supply.

The company take part in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till June 30, 2024, the Company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.