IPO of Enviro Infra Engineers received a strong response from investors
According to sources Enviro Infra Engineers Limited's IPO has had a spectacular listing on the stock exchange. The stock with an issue price of Rs 148 has been listed on NSE at Rs 220 with a listing gain of 48.65 per cent. While on BSE, Enviro Infra's share has been listed at Rs 218 with a jump of 47.30 per cent. This means that investors have got a bumper profit of Rs 70 to Rs 72 per share. The stock is now trading at Rs 218 after touching a high of Rs 233.70 on NSE. The company's market cap has reached Rs 3889 crore.
Meanwhile the IPO of Enviro Infra Engineers Limited opened on november 22 and closed on november 27, 2024. The company has fixed a price band of Rs 140 to Rs 148 per share for shares with a data-face value of Rs 10 and the company has raised Rs 650.43 crore through the IPO. The employees of the company have been given a discount of Rs 13 per share in the IPO. In this, Rs 572.46 crore has been raised through fresh issue and Rs 77.97 crore through offer for sale.
The IPO of Enviro Infra Engineers has received a strong response from investors. The IPO closed with a total subscription of 89.90 times, in which the reserve quota of institutional investors was subscribed 157.05 times, the quota of non-institutional investors was subscribed 153.80 times and the reserve quota for retail investors was subscribed 24.48 times. If we look at the financial performance of the company, the revenue of the company in the financial year 2023-24 was Rs 738 crore, which is 116 percent more than last year. The net profit of the company was Rs 110.54 crore in the financial year, which is 110 percent more than the previous financial year. Enviro Infra Engineers was formed in 2009. The company is involved in the design, construction, operation of waste-water treatment plants and water supply projects of government agencies.