Enviro Infra Engineers IPO Day 3 Live Updates: Key Highlights, Subscription Status, and Insights
Enviro Infra Engineers IPO will close its subscription today. On the final day of subscription for ₹650.43 crore IPO (November 26, 2024), the issue has been oversubscribed.
Enviro Infra Engineers IPO Subscription Status
(November 26, 2024, 11:42:30 AM)
On the third day of bidding, the Enviro Infra Engineers IPO witnessed robust demand, achieving a total subscription of 22.02 times the shares available. The Non-Institutional Investors (NIIs) segment has shown the highest interest, with subscriptions reaching 68.07 times their allotted quota. Retail investors have also demonstrated strong enthusiasm, subscribing 13.33 times their allocated portion, while the Qualified Institutional Buyers (QIBs) category has subscribed 2.70 times its share.
Enviro Infra Engineers IPO Day 2 Subscription Status
The Enviro Infra Engineers IPO garnered a strong response on its second day, with total subscriptions reaching 12.58 times the shares on offer. This enthusiastic participation reflects substantial investor interest in the company.
- Retail investors subscribed 8.82 times.
- Non-Institutional Investors (NIIs) led with a subscription of 34.66 times.
- Qualified Institutional Buyers (QIBs) subscribed 2.58 times their reserved quota.
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.