Enviro Infra Engineers IPO allotment status can be checked once the bidding process gets over on November 26, 2024. As the IPO has been in much hype, people are keen to know if they have got allotments and how the market will perform once the company opens up its listings on November 29, 2024. The article will guide people with respect to how to check allotment status along with trends on grey market premium and also some major highlights of the IPO.
Allotment Status of Enviro Infra Engineers IPO
Now applicants can check their allotment status online from two sites: the Bombay Stock Exchange website and the website of the registrar, Bigshare Services. Both procedures are given below:
Status Check on BSE Allotments
Visit BSE website: bseindia.com
Click on the “Equity” issue type.
Select “Enviro Infra Engineers Limited” from the drop-down menu.
Instead, use your application number or pan-card details.
Fill out the CAPTCHA and click “Search.”.
Allotment status of IPO will be shown.
Check Allotment Status Through Big Share Services
Check the allotment status at: ipo.bigshareonline.com/ipo_status.html
Choose company “Enviro Infra Engineers Limited”.
Enter your application number, CAF number, Beneficiary ID or PAN.
Enter your CAPTCHA code below and click on “Search”.
Now, the details of allotment of your IPO will be available.
IPO Enviro Infra Engineers GMP
The Grey market premium for Enviro Infra Engineers IPO has witnessed volatility. It had opened at ₹23 and had rallied to ₹55 before coming down slightly to ₹49 at the closing of the bidding process. Though GMP is floating, it gives an indication that the stock would list in a premium of around 33% over the higher price band of ₹148, which suggests the high demand the company commands from investors.
Key GMP Trends:
GMP on 26 Nov: ₹55
GMP on Nov 27: ₹50
GMP on Nov 28: ₹49
GMP just goes by the market mood; its value cannot be considered authentic with regard to listing prices, and an investor has to tread caution and not take any call lightly based on GMP values.
Enviro Infra Engineers IPO Subscription Statement
Excellent subscription received to the IPO. The issue has been subscribed 89.90 times. Category wise subscription figures are as under:
QIBs 157.05 times
NIIs 153.80 times
Retail Investors 24.48 times
Workers 37.77 times
It shows that both institutional and retail investors are very interested.
Key Takeaways from Enviro Infra Engineers IPO
Issue Price: ₹140-148 per equity share Lot Size: 101 shares This has translated to an aggregate amount raised of ₹650.30 crore, out of which ₹572.46 crore came from a fresh issue of shares and an OFS by selling 52.68 lakh equity shares. IPO Date: 22nd – 26th November 2024.
Date listing 29 November 2024 – dependent upon acceptance
Stock Exchanges: BSE and NSE
About Enviro Infra Engineers: In 2009, Enviro Infra Engineers was registered as an engineering company, focusing on design, construction, operation, and maintenance of Water and Waste-Water Treatment Plants (WWTPs), water supply projects (WSSPs), pumping stations, and pipeline infrastructure for government entities. The company has now emerged as a significant player in the infrastructure sector as a sustainable water management solutions company.
Enviro Infra Engineers IPO : Analyst Views Analyst views from brokerages state that there have been optimistic sentiments on the IPO because of good fundamentals and growth prospects. Investments would come in for long-term value potential. The allotment has occurred in Enviro Infra Engineers due to high demand issue and therefore will be a listing gain one. If you have applied, then do check the allotment status on the website of BSE and Bigshare Services. Meanwhile, here are the latest trends in the market as the company is set to launch in the stock market.
