A stock in the gray market indicates excellent profits, which will be listed on November 29 and the opportunity to invest in this IPO has ended. Its initial public offering was open for subscription on November 22 and closed on November 26. Whose shares were awarded today, that is, on November 27. Enviro Infra Engineers IPO shares will be listed on BSE and NSE.
Enviro Infra Engineers IPO issue is Rs 650.43 crore. Under this, 3.87 crore shares have been issued through fresh issue worth Rs 572.46 crore. A total of 53 lakh shares have been sold through OFS, worth Rs 77.97 crore. Talking about the price of each share of the Enviro Infra Engineers IPO, the price band under this IPO has been set between ₹140 and ₹148 per share.
How much was going to be invested?
Based on the price of Rs 148 per share, retail investors could buy at least one lot in this IPO. A total of 101 shares were kept in one lot, which means at least Rs 14,948 could be invested in it. Under this, NII could buy at least 14 lots i.e. 1,414 shares worth Rs 2,09,272. 100,000 shares were reserved for the company’s employees at a discount of Rs 13.
Investors got a tremendous response.
Enviro Infra Engineers’ IPO has been subscribed a total of 89.90 times. While in the retail category it has been subscribed a total of 24.48 times. It has been subscribed 157.05 times by QIB and 153.80 times in the NII category. This IPO has been bought 37.77 times in the employee category.
What type of sign in GMP?
Talking about Enviro Infra Engineers GMP IPO, it indicates an increase of 37.84% compared to the price band of Rs 148. That means investors can earn Rs 56 for each share.
(Note: Before investing in any IPO or stock, definitely seek the help of a financial advisor.)
