Enviro Infra Engineers made a strong entry into the stock market on Friday. Shares of Enviro Infra Engineers were trading on BSE at Rs 220, a premium of 48.65 per cent over its issue price of Rs 148. Similarly, the stock started its first trading session at a premium of 47.30 per cent over the issue price of Rs 218 on BSE. Shares of Enviro Infra Engineers, a company specializing in the field of water and wastewater management, generated huge profits for investors.
The IPO received enormous support from investors.
Enviro Infra’s Rs 650.43 crore offer comprised a fresh issue of 38,680,000 shares and an offer for sale of 5,268,000 shares of face value of Rs 10 each. The IPO closes for subscription on November 26, 2024. The IPO received overwhelming support from investors as it was 89.90 times oversubscribed, according to BSE data.
According to the data, the QIB segment was 157 times oversubscribed, while the non-institutional investors (NII) portion was 153 times oversubscribed. The retail part of the issue was 24.48 times oversubscribed. The Enviro Infra IPO was available at a price band of Rs 140 to Rs 148 per share, with a lot size of 101 shares.
update in progress…
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