Enviro Infra Engineers IPO: Another IPO is going to enter the stock market. The Enviro Infra Engineers IPO price band has been fixed between Rs 140 to Rs 148 per equity share. Its face value is Rs 10. The subscription date for Enviro Infra Engineers IPO is set for Friday, November 22. It will close on Tuesday, November 26. Allotment to anchor investors for Enviro Infra Engineers IPO is scheduled for Thursday, November 21.

The floor price is 14 times the face value of equity shares and the cap price is 14.80 times the face value of equity shares. The price to earnings ratio based on diluted EPS for the business year ended 2024 for the company is as high as 18.20 times at the upper end of the price band and 17.22 times at the lower end of the price band. Enviro Infra Engineers IPO lot size is 101 equity shares and then in multiples of 101 equity shares.


What are the details?


The Enviro Infra Engineers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIBs), not less than 15% for non-institutional institutional investors (NIIs), and not less than 35% of the offer for retail investors. The employee portion has been reserved up to 1,00,000 equity shares and eligible employees are being offered a discount of Rs 13 per share.

The basis of allotment of shares of Enviro Infra Engineers IPO will be finalised on Wednesday, November 27 and the company will initiate refunds on the same day. After refunds, the shares will be credited to the demat account of allottees on Thursday, November 28. The Enviro Infra Engineers share price is expected to be listed on BSE and NSE on Friday, November 29.