Enviro Infra Engineers IPO Subscription Details on Day 3

26 Nov 2024 , 01:01 PM

Enviro Infra Engineers’ IPO closes today on November 26, 2024. The public issue was oversubscribed 28.88 times at the time of writing at 12:57 pm on the third day of bidding. Non-Institutional Investors (NII) led the demand, subscribing over 99 times the shares on offer. Retail investors followed closely, with their portion subscribed 16.19 times. The Qualified Institutional Buyer (QIB) segment achieved 5.21 times subscription at the time of writing. 

Prior to the public issue, the company raised approximately ₹195 crore from anchor investors. Enviro Infra Engineers’ IPO is valued at ₹650 crore, with a price band of ₹140-₹148 per share. The offering includes a fresh issue of 3.87 crore equity shares and an Offer for Sale (OFS) of 52.68 lakh shares by promoters. Enviro Infra Engineers specializes in turnkey sewage treatment and sewerage system projects, gaining traction in the infrastructure sector.