Enviro Infra Engineers IPO Final Day subscription status allotment date listing date and key details

The archetypal nationalist offering (IPO) of Enviro Infra Engineers, an infrastructure institution that operates, constructs, and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for the authorities is opened for subscription connected November 22, 2024. As the the IPO bidding process ending today, November 26, 2024. 

The IPO was subscribed astir 90 times successful the past hours of bidding astatine 3:51 pm, with investors applying for 2,74,07,04,993 shares of the full 3,07,93,600 shares connected 3,07,93,600. The qualified organization buyers (QIBs) person applied with the highest numbers i.e. 1,37,71,91,257 oregon 157.04 times against 87,69,600 shares.

The Non-Institutional Investors (NIIs) information received the second-highest bids, with 152.93 times subscription oregon 1,00,58,79,301 shares applied for, against 65,77,200 shares reserved. Meanwhile, the Employee information received the bids of 36,16,911 shares oregon 36.17 times. 

The Retail Individual Investors (RIIs) showed the lowest involvement with the subscription of 23.07 times oregon 35,40,17,524 shares applied for, against 1,53,46,800 shares reserved.

The IPO's contented size is Rs 650.43 crores with a full of 3,86,80,000 shares connected offer. The institution has fixed the terms set betwixt Rs 140 and Rs 148.

Enviro Infra Engineers IPO | Should use successful the past hours?

Analysts from home brokerage SBI Securities person recommended the Enviro Infra Engineers IPO for a listing gains position due to the fact that of its terms band. In examination to different peers similar Va Tech and Ion Exchange, the institution has fixed the terms set astatine a little terms (Rs 140-148).

"The contented appears to beryllium attractively priced connected astir valuation parameters," analysts said.

Another home brokerage KRChoksey has assigned a "subscribe" standing for Enviro Infra Engineers. The brokerage has not said whether it is for the agelong word oregon the abbreviated term.