Enviro Infra Engineers IPO allotment: All you need to know
Open for bidding from November 22 to November 26, the company aimed to raise Rs 650.30 crore, which included a fresh issue of Rs 572.46 crore and an offer-for-sale (OFS) of 52.68 lakh equity shares.
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The much-anticipated allotment of Enviro Infra Engineers IPO shares is set to be finalized today, November 27, 2024. Investors who participated in the IPO can expect notifications regarding the status of their bids by tomorrow, November 28, via SMS, email, or alerts, as funds get debited or IPO mandates are revoked.
Key details of the IPO
Enviro Infra Engineers offered its shares in a price band of Rs 140-148 per share, with a minimum lot size of 101 shares. Open for bidding from November 22 to November 26, the company aimed to raise Rs 650.30 crore, which included a fresh issue of Rs 572.46 crore and an offer-for-sale (OFS) of 52.68 lakh equity shares.
The IPO garnered an overwhelming response, oversubscribed 89.90 times overall:
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QIBs: 157.05 times
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NIIs: 153.80 times
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Employees: 37.77 times
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Retail investors: 24.48 times
How to check Enviro Infra Engineers IPO allotment status
Investors can check their allotment status through two platforms:
1. Bombay Stock Exchange (BSE):
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Visit BSE IPO Allotment Status.
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Select Equity under the issue type.
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Choose Enviro Infra Engineers Limited from the dropdown.
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Enter your application number and PAN.
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Complete the CAPTCHA and hit Submit.
2. Bigshare Services Limited:
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Visit Bigshare IPO Portal.
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Select Enviro Infra Engineers Limited from the dropdown (if finalized).
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Choose a search option: Application number/CAF No, Beneficiary ID, or PAN ID.
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Enter the relevant details and CAPTCHA, then click Search.
About the company
Founded in 2009, Enviro Infra Engineers specializes in designing and maintaining water and wastewater treatment plants (WWTPs) and related infrastructure for government agencies. Its diversified and robust order book, experienced promoters, and consistent execution have earned positive reviews from brokerages.
While the financials and growth outlook remain strong, potential risks include reliance on government contracts, capital-intensive operations, and increasing competition.
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