Enviro Infra Engineers IPO Listing Date: Key things to know before debut on NSE, BSE

Enviro Infra Engineers: Subscription

The offer was subscribed 89.90 times, as it received bids for 2,76,83,13,747 shares compared to the 3,07,93,600 shares on offer.

Enviro Infra Engineers IPO: Objective

The ₹650 crore IPO was a fresh issue of 3.87 crore shares and an offer-for-sale of 52.68 lakh shares by promoters. The money generated will be used to meet working capital requirements, general corporate purposes, debt repayment, and infuse into the company's subsidiary.

Enviro Infra Engineers IPO: Listing date and time

Enviro Infra Engineers shares will make their secondary market debut on the NSE and the BSE on Friday, November 29 at 10 am.

Enviro Infra Engineers IPO: Financials

Enviro Infra Engineers develops water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities/bodies. In the last seven years, the company has developed 28 WWTPs and WSSPs. Its order book stands at ₹1,906.2 crore.

Between the financial year 2021-22 (FY22) and FY24, it saw a compound annual growth rate (CAGR) of more than 48% in revenue and 46.5% in net profit. The global water and wastewater treatment market is likely to grow at a CAGR of more than 6% to reach $521 billion by 2033.