Robust Investor Response to IPO Offering
The allotment for Enviro Infra Engineers Ltd’s IPO, a leading sewage treatment solutions provider, is set to be finalized on Wednesday, November 27, following an overwhelming response from investors during its three-day subscription period. Priced between ₹140 and ₹148 per share, the ₹650.43 crore IPO received bids for 2,76,83,13,747 shares, compared to 3,07,93,600 shares on offer. This resulted in a massive subscription rate of 89.90 times the available shares.
Qualified Institutional Buyers (QIBs) led the demand, subscribing to their reserved portion 158.05 times, while Non-Institutional Investors (NIIs) recorded a subscription of 153.80 times. Retail investors also showed significant interest, with the retail portion being subscribed 24.48 times. The strong response reflects investor confidence in the company’s role as a key player in water and wastewater treatment solutions.
How to Check IPO Allotment Status Online
Investors eagerly awaiting the IPO allotment results can access the status through the official platforms of Bigshare Services, NSE, and BSE. Below is a step-by-step guide for each platform:
- Bigshare Services Website
- Visit the official IPO allotment page at Bigshare Services.
- Select ‘Enviro Infra Engineers Ltd’ from the dropdown menu.
- Provide your application number, PAN, or beneficiary ID.
- Complete the captcha verification and click ‘Search.’
- NSE Portal
- Navigate to the NSE allotment status page: NSE IPO Status.
- Log in if registered or create a new account.
- Select ‘Enviro Infra Engineers Ltd’ and enter your application number or PAN details.
- Click ‘Submit’ to view the status.
- BSE Website
- Investors can also check their allotment status on the BSE platform by providing relevant details.
Listing Details and Future Prospects
The shares of Enviro Infra Engineers Ltd are scheduled to be listed on the NSE and BSE on Friday, November 29. The IPO includes a fresh issue of 3.87 crore shares and an offer-for-sale of 52.68 lakh shares. The proceeds will be allocated toward debt repayment, working capital needs, funding subsidies for sewage treatment plants, and general corporate purposes.
Enviro Infra Engineers specializes in designing and managing water and wastewater treatment plants for government authorities. Notably, the company’s sewage treatment plants adhere to zero liquid discharge standards, allowing treated water to be repurposed for industrial processes, refrigeration, and horticulture. With its expertise in sustainable water management, the company is well-positioned to capitalize on growing demand for eco-friendly solutions in the sector.
The successful IPO and robust subscription rates underscore investor confidence in Enviro Infra Engineers’ business model and growth potential as it prepares to make its debut on the stock exchanges.
