Enviro Infra Engineers IPO: 10 points you need to know ahead of ₹650 crore public offer opening

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2 min read | Updated on November 21, 2024, 15:13 IST

SUMMARY

Enviro Infra Engineers IPO: The ₹650.43 crore IPO is a mix of fresh issue of 3.87 crore shares and an offer-for-sale of 52.68 lakh shares by promoters.

Enviro Infra Engineers is engaged in designing, construction, operation and maintenance of water and wastewater treatment plants.

Enviro Infra Engineers IPO: Wastewater management solution provider Enviro Infra Engineers Ltd's initial public offering will open for subscription on Friday, November 22. The issue aims to raise ₹650.43 crore. The offer will close on Tuesday, November 26.

Enviro Infra Engineers IPO: 10 key things to know

Enviro Infra Engineers IPO subscription period: The initial share is open for public subscription from November 22 to November 26.
Enviro Infra Engineers IPO anchor bidding: The bidding for anchor investors will occur on November 21.
IPO offer structure: The ₹650.43 crore IPO is a mix of fresh issue of 3.87 crore shares and an offer-for-sale of 52.68 lakh shares by promoters.
Enviro Infra Engineers IPO price band: The price range has been fixed at ₹140-₹148 per share.
Reservation: The company has reserved 50% of the net offer for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Enviro Infra Engineers IPO lot size: Investors can bid for at least one lot size of 101 shares worth ₹14,948.
Objective: The funds raised will be used to the tune of ₹100 crore for debt repayment, ₹181 crore to meet the working capital requirement, and ₹30 crore to infuse in the company's subsidiary apart from general corporate purposes.
Book-running lead manager and registrar: Hem Securities Ltd is the issue's book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Allotment date: The allotment of shares is expected to be finalised on Wednesday, November 27.
Listing date: Shares of Enviro Infra Engineers will start trading on NSE and BSE on Friday, November 29.

Enviro Infra Engineers IPO: Check business model, financials, strengths and risks

About the company

Enviro Infra Engineers, established in 2009, manages water and wastewater treatment plants (WWTPs) and water supply scheme projects for government authorities.

Its expertise includes sewerage schemes (SS), sewage treatment plants (STPs), water treatment plants (WTPs) and common effluent treatment plants (CETPs).

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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Enviro Infra Engineers IPO: 10 points you need to know ahead of ₹650 crore public offer opening

Enviro Infra Engineers IPO: 10 key things to know

About the company

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