Enviro Infra Engineers IPO: SBI Securities Invites Listing Bid; that’s why

Enviro Infra Engineers IPO: The initial public offering (IPO) of Delhi-headquartered Enviro Infra Engineers, which operates, develops and constructs sewage treatment plants (STPs) and water supply scheme projects (WSSPs) for the government, opened for subscription today, November 22. , 2024. The IPO bidding process closed on November 26, 2024. In addition, the company is also bidding for state and urban local governments. (UBL) for the development of WWTP and WWTP based on EPC or HAM.

The IPO issue size is Rs 650.43 crore, with the total number of shares on offer being 3,86,80,000. The company has set a price band between Rs 140 and Rs 148.

Enviro Infra Engineers IPO Subscription Status

The IPO was fully subscribed on the first day of trading with investors bidding for 5,74,23,853 shares, which is 186 per cent of the total 3,07,93,600 shares offered for the offer. The portion reserved by employees received the highest rates with 2.97 times more subscription or 2,97,041 shares as against 1,00,000 reserved shares. The non-institutional investors (NII) portion received the second highest number of bids with subscription of 2.33 times or 1,53,10,792 bids per share against 65,77,200 shares reserved. Meanwhile, qualified institutional buyers (QIBs) applied for 1,78,66,799 shares, translating to 2.04 times subscription, against the reserved 87,69,600 shares. Retail individual investors (RIIs) received the lowest price with subscription of 158% or 2,42,52,827 shares against 1,53,46,800 shares reserved.

Why should investors apply to profit from a short listing?

Analysts at SBI Securities have recommended Enviro Infra Engineers’ IPO as an opportunity to benefit from the listing due to its price range. Compared to other competitors such as Va Tech and Ion Exchange, the company has set a lower price range (Rs 140-148). “This issue appears to be attractively priced by most valuation parameters,” analysts said.

Another domestic brokerage, KRChoksey, has assigned a “follow” rating to Enviro Infra Engineers. The brokerage did not say whether this would be a long-term or short-term perspective.

Enviro Infra engineers: key details; date of listing and allotment, registrar, BRLM

Here’s other information about Enviro Infra Engineers, including stock debut date, distribution date and official registrar:

What is the distribution date for Enviro Infra Engineers?

Enviro Infra Engineers IPO allotment date is November 27, 2024 which means candidates will be able to check their status on November 28, 2024.

Who is the official registrar of Enviro Infra Engineers?

The official registrar for Enviro Infra Engineers IPO is Bigshare Services Private Limited.

How to check the distribution status of Enviro Infra Engineers IPO?

Here is a step-by-step guide to check your status on the official registrar website:

Step 1: Visit the public page of Bigshare Services Private Ltd via the link – “https://ipo.bigshareonline.com/IPO_Status.html”.

Step 3: Select Enviro Infra Engineers.

Step 3: Select information category; Application Number, Beneficiary ID and PAN Number.

Step 4: Select a depository; NSDL or CDSL.

Step 5: Click the Search button and the IPO status will be shown on your display.