Enviro Infra Engineers IPO subscribed overall 89.90 times on the last day, while A retail quota was subscribed 24.48 times and QIB was 157.05 % and NII (153.80)% respectively.
Details About Enviro Infra Engineers’s IPO
Enviro Infra Engineers got approval from SEBI for an IPO of 650.43 CR to raise funds and maintain financial stability. This IPO was a combination of fresh issues of ₹572.46 Cr and an Offer For Sale (OFS) of ₹77.97 Cr. The face value of each share was Rs 10. Moreover, the company has set up a price band between ₹140 to ₹148 per share. In this IPO total of 101 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 1313 shares in 13 lot size, while S-HNI (Min) total of 1,414 shares in 14 lot size and S-HNI (Max) total of 6,666 shares in 66 lot size. Moreover, B-HNI (Min) has 6,767 shares in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,948 and maximum investment of ₹194,324.
- Small HNI (S-HNI): Minimum investment of ₹209,272 and maximum investment of ₹986,568.
- Big HNI (B-HNI): Minimum investment of ₹1,001,516.
Subscription duration of Enviro Infra Engineers
This IPO started on 22nd November 2024 and closed on 26th November 2024. The investor’s allotment date was the 27th of November and they received a refund on the 28th of November.
Funds Deployment of This Company
- This company has declared all funds deployment through the IPO, 100 crores will be used for debt repayment.
- Moreover, 30 crores will be used for a subsidiary and 180 crores for working capital.
- The rest of the funds will be used for general corporate purposes.
About Enviro Infra Engineers Company
Enviro Infra Private Limited was established in 2009 and specializes in the development of water and wastewater treatment plants. The company constructs and builds water, sewage, and common effluent treatment plants for both government and industrial sectors, addressing critical water-related needs. Over the past seven years, the company has successfully developed 26 wastewater treatment plants and water supply and sanitation projects across India, including 20 projects with a capacity of 10 MLD or higher.
Enviro Infra’s Financial background
The company reported revenue of ₹338.10 crores in 2023 against ₹223.53 crore in 2022. The company reported Profit of ₹55.34 crores in 2023 against Profit of ₹34.55 crores in 2022.
