Enviro Infra Engineers is launching an IPO worth Rs 650.43 crores, structured as a book-built issue. The offering comprises a fresh issue of 3.87 crore shares aggregating Rs 572.46 crores and an offer for sale of 0.53 crore shares amounting to Rs 77.97 crores.
The IPO will open for subscription on November 22, 2024, and close on November 26, 2024. The allotment of shares is scheduled to be finalized on Wednesday, November 27, 2024. Enviro Infra Engineers plans to list its shares on the BSE and NSE, with a tentative listing date of Friday, November 29, 2024.
Enviro Infra Engineers operates in the water and wastewater management sector. They specialize in designing, building, operating, and maintaining water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs) for government agencies and urban local bodies. Their services are crucial for ensuring sustainable water infrastructure and management.
The price band for the IPO is set at ₹140 to ₹148 per share. The minimum lot size for applications is 101 shares, requiring a minimum investment of ₹14,948 by retail investors. The minimum lot size investment for sNII is 14 lots (1,414 shares), amounting to ₹209,272, and for bNII, it is 67 lots (6,767 shares), amounting to ₹1,001,516. Additionally, up to 100,000 shares are reserved for employees at a discount of ₹13 to the issue price.
Hem Securities Limited is serving as the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Enviro Infra Engineers IPO Details:
| Company Name | Enviro Infra Engineers Limited |
| Sector | Water and Wastewater Management |
| IPO Type | Mainboard |
| IPO Open date | 22nd Nov 2024 |
| IPO Close date | 26th Nov 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Enviro Infra Engineers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 101 | 14,948 |
| sHNI (Min) | 14 | 1414 | 2,09,272 |
| bHNI (Min) | 67 | 6767 | 10,01,516 |
Enviro Infra Engineers IPO Timeline:
| IPO Open Date | 22nd Nov 2024 |
| IPO Close Date | 26th Nov 2024 |
| Basis of Allotment | 27th Nov 2024 |
| Refund Initiation Date | 28th Nov 2024 |
| Shares Credit to Demat | 28th Nov 2024 |
| Listing Date | 29th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Enviro Infra Engineers’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Water and Wastewater Management Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Enviro Infra Engineers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
