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3 min read | Updated on November 27, 2024, 08:38 IST
SUMMARY
Enviro Infra Engineers IPO allotment status: 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. The money raised will be used for debt repayment, working capital requirement, infuse in subsidies to build sewage treatment plants and general corporate purposes.
Shares of Enviro Infra Engineers will be listed on the NSE and the BSE on Friday, November 29.
Enviro Infra Engineers IPO allotment status: The allotment status of sewage treatment solutions provider Enviro Infra Engineers Ltd is expected to be finalised on Wednesday, November 27, following a robust response from investors during the three-day subscription period. With a price band of ₹140 to ₹148 per share, the offer received bids for 2,76,83,13,747 shares against 3,07,93,600 shares on offer, taking the total subscription to 89.90 times.
Investors who applied for Enviro Infra Engineers IPO can visit the official websites of BSE, NSE, and registrar Bigshare Services Pvt Ltd to check if the allotment has been finalised.
Shares of Enviro Infra Engineers will be listed on the NSE and the BSE on Friday, November 29.
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.
The money raised will be used for debt repayment, working capital requirement, infuse in subsidies to build sewage treatment plants and general corporate purposes.
Enviro Infra Engineers operates and manages water and wastewater treatment plants (WWTP) and water supply scheme projects or WSSP for government authorities/bodies.
The treatment process installed by the firm at most sewage treatment plants is zero liquid discharge-compliant. The treated water can be used for washing, refrigeration, horticulture, and other process industries.
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