Mumbai: Enviro Infra Engineers IPO, Rs 650-crore initial share sale, opens for subscription on November 22, 2024 and closes on 26th November. The price band is set in the range of Rs 140 to Rs 148 per share. Enviro Infra Engineers is engaged in the business of developing turnkey projects of sewage treatment plants and sewerage system. The company collected around Rs 195 crore from anchor investors on November 21.
To apply for Enviro Infra Engineers IPO, the minimum lot size for an application is 101 shares, for which a minimum amount of investment required is Rs 14,948. The NII category investors are mandated to bid for a minimum lot size of 14 lots and for bNII category, investors are required to bid for 67 lots.
The IPO comprises fresh issue of 3.87 crore shares aggregating to Rs 572.46 crore and offer for sale of 0.53 crore shares amounting to Rs 77.97 crore.
Enviro Infra Engineers IPO GMP is going strong. Investorgain reported Enviro Infra IPO GMP stood at Rs 38, early morning on November 22. With the price band of Rs 148, the Enviro Infra Engineers shares are projected to be listed at Rs 186, indicating a gain of 25.68 per cent.
Brokerages including, Capital Market have give May Apply rating to the IPO while, Swastika Investmart Ltd has recommended to apply for the subscriontion.
Enviro Infra Engineers IPO allotment, listing
Enviro Infra Engineers IPO expected allotment date: November 27, 2024
Initiation of Refunds process likely to begin on 27 November 27
The shares are likely to be credited to the demat accounts of successful shareholders on November 28.
The shares will list on BSE, NSE with a tentative date November 29.
Anchor investors include, Meru Investment Fund PCC Cell 1, Abakkus Diversified Alpha Fund-2, Motilal Oswal Mutual Fund, LIC Mutual Fund, Quant Mutual Fund, and Singularity Equity Fund I, BSE’s website mentioned.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Enviro Infra Engineers IPO GMP indicates that the share are expected to be listed with around 26 per cent gains. Enviro Infra IPO price band is set at Rs Rs 140 to Rs 148 per share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
