Enviro Infra Engineers IPO GMP: Unlisted shares of Enviro Infra Engineers Ltd are currently trading at Rs 194 per share in the gray market, up by Rs 46 or 31.08 per cent from the IPO price of Rs 148.
Enviro Infra Engineers IPO: Check GMP, Allotment Status Today.
As the allotment of Enviro Infra Engineers IPO has been finalised, the sewage treatment solutions provider will be listed on BSE and NSE on Friday, November 29. The latest GMP is 31.1 percent, indicating good listing benefits for total investors. .
The IPO was available for subscription between November 22 and November 26. It fetched a total subscription of 89.90 times with bids of 2,76,83,13,747 shares against 3,07,93,600 shares on offer.
The Eligible Institutional Buyers segment received 157.05 times subscription while for Non Institutional Investors 153.80 times was subscribed. The retail individual investors segment received 24.48 times subscription.
Enviro Infra Engineers IPO GMP Today
According to market observers, the unlisted shares of Enviro Infra Engineers Ltd are currently trading at Rs 194 per share in the gray market, up by Rs 46 or 31.08 per cent from the IPO issue price of Rs 148. 31.08% GMP A great listing advantage The IPO is scheduled to be listed on November 29.
GMP is based on market sentiment and changes. The ‘grey market premium’ indicates 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) Visit BSE official 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 drop box.
4) Enter your Application Number, or Permanent Account Number (PAN).
5) Then, click on ‘I am not a robot’ to confirm yourself and press ‘Search’ option.
The status of your share request will be displayed on your screen.
You can also go directly to the portal of Bigshare Services Pvt Ltd. https://ipo.bigshareonline.com/IPO_Status.html 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.
It had raised around Rs 195 crore from anchor investors, prior to the IPO.
The initial share sale of Rs 650 crore is in the price range of Rs 140-148.
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 from the promoters.
Proceeds of up to Rs 181 crore from the fresh issue will be used to meet working capital requirements, Rs 100 crore will be used for debt repayment, Rs 30 crore to the company’s subsidiary EIEL Mathura Infra Engineers for 60 construction projects. will be applied to do 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 is engaged in designing, construction, operation and maintenance of water and wastewater treatment plants and water supply scheme projects for government authorities/institutions.
The treatment process implemented by the company at most of the STPs is zero liquid discharge and the treated water can be used for horticulture, washing, refrigeration and other process industries.
Ham Securities is the sole book-running lead manager of the public issue.