Enviro Infra Engineers Limited is set to debut on the stock exchange on November 29, 2024. Operating in the water and wastewater treatment sector, the company has garnered significant investor interest due to its sustainable business model and supportive government initiatives.
Key IPO Details
| Aspect | Details |
|---|---|
| IPO Price Band | ₹148 per share |
| Grey Market Premium (GMP) | ₹57 |
| Listing Date | Nov 29, 2024 |
| Expected Listing Price | ₹205 (approx.) |
| Sector | Water & Wastewater Treatment |
Grey Market Premium (GMP)
According to market observers, the grey market premium for Enviro Infra Engineers IPO is ₹57, indicating an expected 39% listing gain.
Market Sentiment
Experts predict robust performance due to the company’s sustained business in the water treatment segment, which benefits from increasing urbanization and government programs like Namami Gange.
Financial and Subscription Highlights
Enviro Infra Engineers’ IPO has been oversubscribed 89.90 times, showcasing strong investor demand.
| Metric | Details |
|---|---|
| Subscription Rate | 89.90 times |
| Expected Listing Price | ₹190-205 |
| Expected Listing Gain | 35%-39% |
Expert Opinions
- Optimistic Outlook:
Arun Kejriwal from Kejriwal Research emphasizes the company’s sustained growth and potential for expansion. - Balanced View:
Shivani Nyati highlights robust fundamentals but advises caution due to volatile market conditions.
Final Recommendation
The IPO shows promise for short-term gains, especially given the strong grey market sentiment. Long-term investors should monitor the company’s execution capabilities in this niche sector.
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Disclaimer: The information provided is for informational purposes only. Please perform your due diligence before investing.
