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  5. Enviro Infra Engineers Share Price LIVE: Stock declines 3.5% after listing at 48.6% premium on NSE

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Enviro Infra Engineers Share Price LIVE: Stock declines 3.5% after listing at 48.6% premium on NSE

Upstox
By Upstox News Desk

4 min read | Updated on November 29, 2024, 11:34 IST

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SUMMARY

Enviro Infra Engineers Share Price LIVE: On Friday, Enviro Infra Engineers shares were listed at ₹220 a unit on the National Stock Exchange (NSE), a premium of 48.65% to the issue price of ₹148 apiece.

Established in 2009, Enviro Infra Engineers Ltd specialises in designing, constructing, and maintaining water and Wastewater treatment infrastructure.

Established in 2009, Enviro Infra Engineers Limited specialises in designing, constructing, and maintaining water and Wastewater treatment infrastructure.

Enviro Infra Engineers Share Price Live Update at 11:34 am: Price information
  • Current price: ₹212.25 (-3.52%)
  • Open: ₹220
  • High: ₹233.7
  • Low: ₹206.41
  • Issue price: ₹148
Enviro Infra Engineers Share Price Live Update at 11:11 am: The company's market capitalisation stands at ₹3,750.37 crore as shares declined 2.8% to ₹213.66 apiece on the NSE.
Enviro Infra Engineers Share Price Live Update at 10:50 am: Enviro Infra Engineers shares slumped 5.7% to ₹207.3 apiece on the NSE.
Enviro Infra Engineers Share Price Live Update at 10:18 am: Shares of Enviro Infra Engineers are down 0.6% at ₹218.68 apiece after listing at a 48.6% premium on the NSE.
Enviro Infra Engineers Share Price Live Update at 10:03 am: After listing at 48.6% premium, shares of Enviro Infra Engineers jumped 5% to ₹231.12 on the NSE.
Enviro Infra Engineers Share Price Live Update at 9:50 am: The stock debuted at a premium of 47.3% at ₹218 on the BSE.
Enviro Infra Engineers Share Price Live Update at 9:44 am: Enviro Infra Engineers shares were listed at ₹220 a unit on the National Stock Exchange (NSE) on Friday, a premium of 48.6% to the issue price of ₹148 apiece.
Enviro Infra Engineers IPO Listing, Share Price Live Update at 9:22 am: Risks
  • The company's business is working capital intensive, and insufficient cash flows can negatively affect its operations.
  • It relies on third-party companies for its project execution and implementation.
  • Surge in labour costs and construction materials prices can impact business and revenue.
Enviro Infra Engineers IPO Listing, Share Price Live Update at 8:58 am: Strengths
  • In-house execution capabilities
  • Diversified order book of 21 projects across India, valued at ₹1,906.28 crore.
  • Advanced technology used in the construction and installation of WWTPs or WSSPs,
  • Between FY22 and FY24, the company saw a CAGR increase of more than 48% in its revenue and 46.5% in its net profit.
Enviro Infra Engineers IPO Listing, Share Price Live Update at 8:44 am: Financials
ParticularsFY22FY23FY24Q1 FY25
Revenue₹223.5 crore₹338.1 crore₹728.9 crore₹205.1 crore
Net Profit₹34.5 crore₹55.3 crore₹108.5 crore₹29.9 crore
Enviro Infra Engineers IPO Listing, Share Price Live Update at 8:20 am: Objective
  • Working capital requirements
  • Fund subsidiary, EIEL Mathura Infra Engineers Pvt Ltd, to build the Mathura Sewerage Scheme project
  • Repayment of outstanding debt
  • Finance the inorganic growth through unidentified acquisitions
  • General corporate purposes.
Enviro Infra Engineers IPO Listing, Share Price Live Update at 8:04 am: Price band

The IPO price band was set between ₹140 to ₹148 per share.

Enviro Infra Engineers IPO Listing, Share Price LIVE: Shares of Enviro Infra Engineers Limited will debut on Friday on the NSE and the BSE. The issue got a robust response during the three-day bidding period, followed by the finalisation of the Enviro Infra Engineers IPO allotment status on Wednesday.

The offer received a total subscription of 89.90 times, with bids for 2,76,83,13,747 equity shares compared to 3,07,93,600 shares on offer.

CategoryNumber of Times Subscription
Qualified Institutional Buyers (QIBs)157.05
Non-institutional Investors153.80
Retail Individual Investors (RIIs)24.48
Total89.90
The ₹650 crore Enviro Infra Engineers IPO was a fresh issuance of nearly 3.90 crore shares and an offer-for-sale (OFS) component of 52.68 lakh shares. The funds raised will be used for working capital requirements, clearing debt, infusing into the company's subsidiary, and general corporate purposes.
Enviro Infra Engineers IPO Listing Date: Key things to know before debut on NSE, BSE

Enviro Infra Engineers IPO: Listing date and time

Enviro Infra Engineers shares will be listed on the NSE and the BSE on Friday, November 29, at 10 am.

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

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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