Enviro Infra Engineers IPO Listing On Friday: GMP At 31.1%, How To Check Allotment Status Online – News18
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Enviro Infra Engineers IPO GMP: Unlisted shares of Enviro Infra Engineers Ltd are currently trading at Rs 194 per share in the grey market, which is Rs 46 or 31.08 per cent higher than the IPO issue price of Rs 148.
Enviro Infra Engineers IPO: Check GMP Today, Allotment Status.
As the Enviro Infra Engineers IPO allotment has been finalised, the sewage treatment solutions provider is set to be listed on the BSE and NSE on Friday, November 29. The latest GMP stands at 31.1 per cent, which indicates a decent listing gain for investors tomorrow.
The IPO was available for subscription between November 22 and November 26. It received an overall 89.90 times subscription getting bids for 2,76,83,13,747 shares against the 3,07,93,600 shares on offer.
The portion for qualified institutional buyers fetched 157.05 times subscription while the category for non-institutional investors got subscribed 153.80 times. The Retail Individual Investors part attracted 24.48 times subscription.
Enviro Infra Engineers IPO GMP Today
According to market observers, unlisted shares of Enviro Infra Engineers Ltd are currently trading at Rs 194 per share in the grey market, which is Rs 46 or 31.08 per cent higher than the IPO issue price of Rs 148. The 31.08% GMP indicates an overwhelming listing gain. The IPO listing is scheduled to take place on November 29.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Enviro Infra Engineers IPO Allotment Status
The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Enviro Infra Engineers Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Bigshare Services Pvt Ltd’s portal — https://ipo.bigshareonline.com/IPO_Status.html and check the Enviro Infra Engineers IPO allotment status.
Enviro Infra Engineers: More Details
Enviro Infra Engineers is involved in development of turnkey projects of sewage treatment plants and sewerage system.
It collected about Rs 195 crore from anchor investors, ahead of the IPO.
The Rs 650-crore initial share sale is in the price range of Rs 140-148 apiece.
The company’s IPO is a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters.
Proceeds from the fresh issue to the tune of Rs 181 crore will be used to meet the working capital requirements, Rs 100 crore will be used for payment of debt, Rs 30 crore will be infused into the company’s subsidiary EIEL Mathura Infra Engineers to build 60 million litres per day sewage treatment plant (STP) at Mathura in Uttar Pradesh. Besides, a portion will be used for general corporate purposes.
Enviro Infra Engineers is engaged in designing, construction, operation and maintenance of water and wastewater treatment plants and water supply scheme projects for government authorities/bodies.
The treatment process installed by the company at most of the STPs is zero liquid discharge-compliant and the treated water can be used for horticulture, washing, refrigeration and other process industries.
Hem Securities is the sole book-running lead manager of the public issue.
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