Enviro Infra Engineers IPO highlights: GMP, price band, subscription status, other details as issue opens today

Enviro Infra Engineers IPO Day 1 Live: As of 5 pm, the Enviro Infra Engineers IPO is subscribed by Retail Individual Investors (RII) 2,60,90,825 shares, Qualified Institutional Buyers (QIB) for 1,79,29,419 shares, Non-Institutional Investors (NII) for 1,96,16,523 shares, 

Enviro Infra Engineers IPO Day 1 Live: The company raised ₹194.6 crore from investors in its anchor round before the public issue on November 22, according to its BSE filing on Thursday, 

The company allocated 1,31,54,400 or 1.31 crore equity shares to the anchor investors at an allocation price of ₹148 per share to 22 anchor investors, including mutual fund schemes at a face value of ₹10 per share, according to its filing.

The issue includes a fresh issue of 38.68 million shares worth ₹572.46 crore and an Offer for Sale (OFS) of 5.27 million shares totaling ₹77.97 crore.

The company aims to raise ₹650.43 crore. The public issue is a mix of fresh shares and Offer for Sale (OFS), and the company aims to raise ₹572.46 crore by issuing fresh shares. The book build issue is proposed for listing on the BSE and the NSE.

Enviro Infra Engineers IPO Day 1 Live: Enviro Infra Engineers shares are showing a strong trend in the unlisted market as the grey market premium (GMP) today increased. Enviro Infra Engineers IPO GMP today is ₹39 per share. This means that in the grey market, Enviro Infra Engineers shares are trading higher by ₹39 at ₹187 apiece, a premium of 26% to the IPO price of ₹148 per share.

Enviro Infra Engineers IPO Day 1 Live: The ₹650.43-crore worth Enviro Infra Engineers IPO is a combination of fresh issue of 3.87 crore equity shares worth ₹572.46 crore and an offer-for-sale (OFS) component of 52.68 lakh equity shares amounting to ₹77.97 crore.

Enviro Infra Engineers IPO Day 1 Live: Enviro Infra Engineers IPO price band has been fixed ₹140 to ₹148 per share. At the upper-end of the price band, the company plans to raise ₹650.43 crore from the public issue.

Enviro Infra Engineers IPO Day 1 Live: The initial public offering (IPO) of wastewater management company Enviro Infra Engineers Ltd hits the Indian primary market today. Enviro Infra Engineers IPO is a book-built issue worth ₹650.43 crore which opens for subscription today, November 22, and will close on November 26.