The Enviro Infra Engineers Limited IPO (initial public offering) opened for public subscription on November 22 and will remain available until November 26, 2024. The company, specializing in wastewater management, aims to raise Rs 650.43 crore through the issue.
Price Band and Issue Size
The price band for the IPO has been set at Rs 140 to Rs 148 per equity share. The public issue includes a mix of fresh share issuance and an Offer for Sale (OFS). Out of the total Rs 650.43 crore, Rs 572.46 crore is expected to be raised through fresh shares, while Rs 77.97 crore will come via the OFS route.
Lot Size and Key Dates
Investors can bid for Enviro Infra Engineers IPO in lots of 101 shares. The allotment date is tentatively set for November 27, 2024. The company will be listed on the BSE and the NSE on November 29, 2024.
Grey Market Performance
The shares of Enviro Infra Engineers have shown positive activity in the grey market. Market observers report a grey market premium (GMP) of Rs 31, an increase from Rs 23 observed on the previous day, according to a report by Mint.
Other Details of Enviro Infra Engineers IPO
Bigshare Services Private Limited has been appointed as the registrar for Enviro Infra Engineers IPO. At the same time, Hem Securities is managing the IPO of Enviro Infra Engineers, which is a wastewater management firm offering sustainable solutions across various sectors.
New Delhi-headquartered Enviro Infra Engineers was founded in 2009 and it primarily offers Turnkey Projects of Sewage Treatment Plants (STP) and Sewerage Systems, Water Treatment Plants & Water Supply Systems, and Common Effluent Treatment Plants (CETP). Some of its completed projects include sewage plants in several states including Punjab, Uttar Pradesh, Gujarat, Rajasthan, Chhattisgarh, and Haryana, among others.
