Enviro Infra Engineers IPO: SBI Securities suggests apply for a listing gain; here's why

Enviro Infra Engineers IPO: The archetypal nationalist offering (IPO) of Delhi-headquartered company, Enviro Infra Engineers, which operates, constructs, and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for the government, opened for subscription today, November connected November 22, 2024. The IPO bidding process closed connected November 26, 2024. Additionally, the institution besides bids for authorities authorities and municipality section bodies (UBLs) to make the WWTPs and WSSPs connected an EPC oregon HAM basis.

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 subscription status

The IPO was afloat subscribed connected its archetypal time of bidding, with investors applying for 5,74,23,853 shares, representing 186 per cent of the full 3,07,93,600 shares connected offer. The Employee Reserved information received the highest bids, with 2.97 times subscription oregon 2,97,041 shares applied for, against 1,00,000 shares reserved. The Non-Institutional Investors (NIIs) information received the second-highest bids, with 2.33 times subscription oregon 1,53,10,792 shares applied for, against 65,77,200 shares reserved. Meanwhile, Qualified Institutional Buyers (QIBs) applied for 1,78,66,799 shares, representing 2.04 times subscription, against the reserved 87,69,600 shares. Retail Individual Investors (RIIs) received the lowest bid, with 158% subscription oregon 2,42,52,827 shares applied for, against 1,53,46,800 shares reserved.

Why should investors use for abbreviated listing gains?

SBI Securities's analysts 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 competitors similar Va Tech and Ion Exchange, the institution has fixed the terms set astatine 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.

Enviro Infra Engineers: Key details; listing & allotment date, registrar, BRLMs

Here are the different details of the Enviro Infra Engineers including the banal debut date, allotment date, and authoritative registrar:

What is the allotment day for Enviro Infra Engineers?

The allotment day of the Enviro Infra Engineers IPO is November 27, 2024, which indicates that applicants tin cheque their presumption connected November 28, 2024.

Who is the authoritative registrar of Enviro Infra Engineers?

An authoritative registrar of Enviro Infra Engineers IPO is Bigshare Services Private Limited.

How to cheque Enviro Infra Engineers IPO allotment status?

Here is the step-by-step usher to cheque your presumption via the authoritative registrar website:

Step 1: Visit the nationalist contented leafage of Bigshare Services Private Ltd via a nexus - "https://ipo.bigshareonline.com/IPO_Status.html".

Step 3: Choose the institution "Enviro Infra Engineers"

Step 3: Choose the details category; Application No., Beneficiary ID, and PAN Number.

Step 4: Select your depository; NSDL oregon CDSL.

Step 5: Click connected the 'Search' option, and the IPO presumption volition beryllium connected your display.