The IPO of Enviro Infra Engineers Limited has opened for subscription from today i.e. 22 November 2024. Interested investors can subscribe for it till 26 November 2024. This company, which works in the business of wastewater management, has fixed the price band of the IPO at Rs 140 to Rs 148 per share. The company aims to raise Rs 650.43 crore from this offer. This IPO includes a new issue of Rs 572.46 crore and an offer-for-sale (OFS) of Rs 77.97 crore.

 

Know here the important things related to this IPO
 

• Lot Size: In an IPO, investors can buy a lot of at least 101 shares (New IPO Lot Size). After this, bids can be placed in multiples of 101.
• Allotment: Allotment of shares (IPO Allotment) is expected to take place on November 27, 2024.
• Registrar: Bigshare Services Private Limited has been appointed as the registrar for this IPO.
• Lead Manager: Hem Securities is the lead manager of this IPO.
• Listing Date: The listing of shares (New IPO Listing Date) is likely to take place on BSE and NSE on November 29, 2024.
• Performance Review: The company has registered a growth of more than 115% in its revenue and more than 100% in PAT in FY24. However, there was a slight decline in revenue and PAT in the first quarter of the financial year 2025. At the same time, the net borrowing of the company has also increased from Rs 235 crore to Rs 305 crore.

What to invest in?
This IPO may look attractive considering the company's growth story and the growing sector of wastewater management. However, it is important to carefully analyze the company's recent performance and risk factors before investing.