Enviro Infra Engineers IPO allotment expected to be declared on November 27, Enviro Infra Engineers recently issued an IPO that targets to garner ₹650.43 crore through an issue consisting of a fresh issue worth 3.87 crore equity shares and an offer-for-sale of 52.68 lakh equity shares. IPO of Enviro Infra Engineer will Refund money to unsuccessful applicants would be done by November 27, 2024.
About the Enviro Infra Engineers
Enviro Infra Engineers was founded in the year 2009. It is India, leading design, construction, operation, and maintenance of water and wastewater treatment plants or WWTPs, water supply projects or WSSP, and associated infrastructure through pumping stations and pipelines. Enviro Infra Engineers’ main clients are government agencies as well as other private entities.
The allotment result of the Enviro Infra Engineers IPO is expected to be declared on the November 27, 2024, as the IPO witnessed a huge subscription during its subscription period. The bidding window was open between the November 22 and November 26, and the price band was kept at ₹140-₹148 per share.
Subscription Strong
The IPO received an overall subscription of 89.9 times, indicating strong interest from investors.
QIBs: Subscribed 157.05 times
NIIs: Subscribed 153.8 times
Retail Investors: Subscribed 24.48 times
The shares are expected to list on the BSE and NSE on November 29, 2024.How to Check Enviro Infra Engineers IPO Allotment Status.
Investors can check their allotment status on the websites of BSE, NSE, and the IPO registrar, Bigshare Services Pvt. Ltd
Go to BSE website – BSE India
Go to the BSE IPO Allotment Page.
Tap on ‘Equity’ as the issue type
From the dropdown, Select ‘Enviro Infra Engineers’
Enter your application number or PAN.
On the Bigshare Services WebsiteGo to the Bigshare IPO Allotment Page.
Select ‘Enviro Infra Engineers’ from the dropdown menu
Input details such as your PAN, application number, or DP/Client ID.
Click ‘Submit’ and check your status.
Critical Dates
Shares shall be credited in the Demat accounts of successful bidders by November 28, 2024.
Refunds to unsuccessful applicants would be done by November 27, 2024.
About Enviro Infra Engineers IPO
Enviro Infra Engineers has issued an IPO that targets to garner ₹650.43 crore through an issue consisting of a fresh issue worth 3.87 crore equity shares and an offer-for-sale of 52.68 lakh equity shares.
The funds will be utilized for the following:
Working capital: ₹181 crores
Debt repayment: ₹100 crores
Investment in subsidiary (EIEL Mathura Infra Engineers): ₹30 crore, to fund a 60 million litres per day sewage treatment plant in Mathura, Uttar Pradesh
General corporate purposes
Company Overview
Founded in 2009, Enviro Infra Engineers specializes in designing, constructing, operating, and maintaining water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs), primarily for the government clients.
Disclaimer
The information given should be used for the general education purposes only and should not be used as way to be relied upon as investment advice. Such decisions should be taken under consultation with certified experience financial advisory before taking any investment.
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