Enviro Infra Engineers IPO - Day 1 Subscription at 2.08 Times

Enviro Infra Engineers' initial public offering (IPO) received strong investor interest on its first day. The IPO witnessed robust demand, reaching 2.08 times subscription by 5:19 PM on day one.

Enviro Infra Engineers IPO, which opened on 22nd November 2024, has seen enthusiastic participation across categories. The employee portion showed strong interest, reaching 3.18 subscriptions, while non-institutional investors demonstrated robust participation at 2.98. The QIB portion secured a subscription of 2.04 times, and retail investors showed decent participation at 1.70 times.

This strong response comes amid positive sentiment in the Indian stock market, particularly towards companies in the water treatment and infrastructure sector.

Subscription Status of Enviro Infra Engineers IPO:

*As of 5:19 PM

Here are the subscription details for Enviro Infra Engineers IPO as of Day 1 (22nd November 2024, 5:19 PM):
 

Total Applications: 2,70,975

Note:

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portion of anchor investors is not included in the total shares offered.

Key Highlights:

• Overall subscription exceeded 2 times on the opening day, showing strong investor confidence
• Employee portion led with robust 3.18 times subscription
• Non-institutional investors showed strong interest with 2.98 times subscription
• Small Non-Institutional Investors (sNII) at 3.46 times versus bNII at 2.75 times
• QIB portion secured good participation at 2.04 times
• Retail investors demonstrated decent interest with 1.70 times subscription
• Total applications reached 2,70,975 on day one
• The subscription trend indicates strong investor response across all categories

About Enviro Infra Engineers Limited

Established in 2009, Enviro Infra Engineers Limited has emerged as a specialized player in the water infrastructure sector, focusing on the design, construction, operation, and maintenance of Water and Waste-Water Treatment Plants (WWTPs) and Water Supply Projects (WSSPs) for government agencies. The company has successfully developed 28 WWTPs and WSSPs across India in the last seven years, including 22 projects of 10 MLD capacity and above.

The company's strength lies in its in-house capabilities, with a team of 180 engineers supported by external consultants and industry experts. Their comprehensive approach includes participation in government tenders for developing projects on EPC or HAM basis. The company has demonstrated strong financial performance with 116% revenue growth and 101% PAT growth between FY2023 and FY2024.

With an experienced management team and focus on advanced technologies, the company maintains a growing presence across India with a diversified order book. Their commitment to in-house execution capabilities and on-time delivery has established them as a reliable player in the water infrastructure sector.

Highlights of the Enviro Infra Engineers IPO

• IPO type: Book Built Issue
• IPO size: ₹650.43 crores
• Fresh Issue: ₹572.46 crores (3.87 crore shares)
• Offer for Sale: ₹77.97 crores (0.53 crore shares)
• Face value: ₹10 per share
• Price band: ₹140 to ₹148 per share
• Lot size: 101 shares
• Minimum investment for retail investors: ₹14,948
• Minimum investment for sNII: ₹209,272 (14 lots)
• Minimum investment for bNII: ₹1,001,516 (67 lots)
• Employee Discount: ₹13 per share
• Listing at: BSE, NSE
• IPO opens: November 22, 2024
• IPO closes: November 26, 2024
• Allotment date: November 27, 2024
• Listing date: November 29, 2024
• Lead Manager: Hem Securities Limited
• Registrar: Bigshare Services Pvt Ltd