Enviro Infra Engineers Share Price Live Update: Enviro Infra Engineers share price is set to debut on the stock market today (Friday, November 29) at 10:00 AM IST.
The initial public offering (IPO) of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the final day of bidding, which was Tuesday. The portion allocated for qualified institutional buyers was oversubscribed 157.05 times, while the non-institutional investors’ category received 153.80 times subscription. The retail individual investors segment attracted 24.48 times subscription. On Thursday, Enviro Infra Engineers raised approximately ₹195 crore from anchor investors.
Enviro Infra Engineers IPO with a total size of ₹650 crore has a price band of ₹140 to ₹148 each. This IPO consists of a fresh issue of 3.87 crore equity shares, alongside an offer for sale (OFS) of 52.68 lakh shares by the company’s promoters.
The firm specializes in the design, construction, operation, and maintenance of water and wastewater treatment plants, as well as water supply scheme projects for various government authorities and bodies. This IPO marks an important milestone for the company as it seeks to raise capital to further its operations in this critical sector.
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Enviro Infra Engineers Share Price Live Update: Here’s what GMP signal’s ahead of listing
Enviro Infra Engineers IPO GMP today or grey market premium is +57. This indicates Enviro Infra Engineers share price were trading at a premium of ₹57 in the grey market on Friday, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Enviro Infra Engineers share price was indicated at ₹205 apiece, which is 38.51% higher than the IPO price of ₹148.
Based on the grey market activities from the last 13 sessions, today’s IPO gray market premium (GMP) shows an upward trend, suggesting a strong listing. The lowest GMP recorded is ₹0, while the highest is ₹57, according to experts at investorgain.com.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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