Enviro Infra Engineers IPO Day 2 Live Updates: Key Highlights, Subscription Status, and Insights

Enviro Infra Engineers IPO Subscription Status (November 25, 2024, 11:48:40 AM)

The Enviro Infra Engineers IPO has seen strong demand on its second day of bidding, with the total subscription reaching 5.86 times the shares on offer. The Non-Institutional Investors (NIIs) category is leading the way with a subscription of 14.08 times their allotted quota. Retail investors have also shown strong interest, subscribing 4.46 times their quota, while Qualified Institutional Buyers (QIBs) have subscribed 2.05 times their allotted portion.

Enviro Infra Engineers IPO Day 1 Subscription Status

The Enviro Infra Engineers IPO received a positive response on its first day, achieving full subscription at 2.09 times the shares offered. This robust demand indicates significant investor interest in the company.

Retail investors: 1.73 times.

Non-institutional investors: 2.99 times.

Qualified institutional buyers: 2.04 times.

Enviro Infra Engineers IPO Details

• The IPO opened on November 22, 2024, and will close on November 26, 2024.
• The IPO aims to raise ₹ 650.43 crore. The price band is set at ₹ 140 to ₹ 148 per share.
• The IPO comprises a fresh issuance of 3.87 crore equity shares along with an offer for sale (OFS) of 52.68 lakh shares by the promoters.
• The minimum bid lot is 101 shares.

Enviro Infra Engineers Overview

• Enviro Infra Engineers Ltd. specialises in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities and agencies.
• The company has built 28 plants since 2017.
• They have reported an order book of 21 projects as of December 31, 2023.
• Their order book has increased by 42%, rising from ₹ 1,496.7 crore in FY23 to ₹ 2,125.6 crore in FY24. They reported an order book of ₹ 1,906.3 crore in June 2024.
• For FY24, their order book-to-sales ratio is 2.6 times.