Enviro Infra Engineers priced the share at ₹148, which is the upper limit of the IPO price band put in between ₹140 and ₹148. The ₹650.43-crore IPO of Enviro Infra Engineers received an excellent response from all categories of investors, where the overall subscription also touched 89.90 times, for the three-day subscription period. Grey market premium also hinted that the stock is likely to open up with a gain between 35 and 40 percent.

Enviro Infra Engineers listing today: Expert view

So, Enviro Infra Engineers started their stock market journey with a listing price of Rs 220, which is pretty awesome – 48.65% higher than the issue price of Rs 148. There was a ton of buzz from investors, with the subscription hitting 89.9 times, and the company’s solid fundamentals plus the good vibes about the water and wastewater treatment industry really helped boost their success.

This great listing really shines on sustainable infrastructure and has a solid history of delivering completed projects, but, still, the investors should beware and keep eyes on business performances, mainly taking into consideration risks to project execution, competition within the industry, and those regulatory changes, which will pop up on the market.

The first listing seems decent, but for Enviro Infra to become really successful in the long term, they need to seize their growth opportunities and come up with solid financial numbers. For now, investors might want to hold onto what they have and set a stop loss at about 200.

Enviro Infra shares live: 

Enviro Infra’s share tanks after the steller listing at a 49% premium.

Enviro Infra stocks lost 3.90 percent and traded at ₹211.43 on the NSE at around 10:34 am. On the BSE, the stock declined by 3.33 percent to ₹210.75.

Enviro Infra lPO: Listing of shares today

So, Enviro Infra Engineers shares are hitting the market today. They priced at ₹148, which is the highest in their IPO price range of ₹140-148. Their IPO worth ₹650.43 crore totally blew up with investors, getting an insane subscription rate of 89.90 times! Besides, interest from high-net-worth individuals has seen a nice bump this time, which didn’t really happen with the last few IPOs.

The IPO received bids for 276.83 crore shares against 3.08 crore shares on offer. Institutional investors or QIBs led the subscription table, bidding 157.05 times their allotted quota, followed by HNIs at 153.80 times, retail investors at 24.48 times, and employees at 37.77 times of their quota.

Enviro Infra share price live: Listing details

Listing of ENVIRO INFRA ENGINEERS LIMITED on 29th November, 2024 

• Symbol: EIEL 
• Series: Equity “B Group” 
• BSE Code: 544290 
• ISIN: INE0LLY01014 
• Face Value: Rs 10/- 
• Issued Price: Rs 148/- per share

Stay tuned with us for more information and easy explanation!

(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)

Authored by – Deepa Trivedi 

Enviro Infra Engineers

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