Enviro Infra Engineers IPO - Day 3 Subscription at 19.09 Times

Enviro Infra Engineers' initial public offering (IPO) has received overwhelming investor interest over the three-day period. The IPO witnessed exceptional growth in demand, with subscription rates growing from 2.09 times on day one, to 12.58 times on day two, and reaching an impressive 19.09 times by 10:55 AM on the final day.

Enviro Infra Engineers IPO, which opened on 22nd November 2024, has seen phenomenal participation across categories. The Non-Institutional Investors segment has shown extraordinary interest reaching 58.30 times subscription, while Employee portion demonstrated strong participation at 18.16 times. The Retail Investors showed robust interest at 11.69 times, while QIB portion secured 2.64 times subscription.

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

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 10:55 AM

Here are the subscription details for Enviro Infra Engineers IPO as of Day 3 (26th November 2024, 10:55 AM):
 

Total Applications: 15,38,660

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 soared to 19.09 times, showing exceptional investor confidence
• Non-Institutional Investors led with a remarkable 58.30 times subscription
• Large Non-Institutional Investors (bNII) showed phenomenal interest at 65.93 times
• Small Non-Institutional Investors (sNII) reached an impressive 43.06 times
• Employee portion achieved a strong 18.16 times subscription
• Retail investors demonstrated robust participation at 11.69 times
• QIB portion secured decent interest at 2.64 times
• Total applications reached 15,38,660
• The subscription trend indicates overwhelming investor response across categories

Enviro Infra Engineers IPO - Day 2 Subscription at 12.58 Times

Key Highlights:

• Overall subscription surged to 12.58 times, showing strong momentum
• Non-institutional investors showed robust interest with 34.66 times subscription
• Employee portion reached an impressive 13.83 times the subscription
• Retail investors demonstrated strong participation at 8.82 times
• QIB portion improved to 2.58 times
• The subscription trend indicated building momentum across all categories
• Enviro Infra Engineers IPO - Day 1 Subscription at 2.09 Times
• Key Highlights:
• Overall subscription reached 2.09 times on the opening day, showing a strong initial response
• Non-institutional investors showed robust interest with 2.99 times subscription
• Employee portion led with 3.22 times subscription
• Retail investors demonstrated good participation at 1.73 times
• QIB portion showed strong interest at 2.04 times
• The subscription trend indicated positive investor sentiment across 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