Enviro Infra IPO subscription starts on 22 November 2024 and will close on 26 November 2024. Enviro Infra plans to raise around INR 732.60 crores via the IPO. The price band is fixed at INR 140 – 148 per share. Additionally, there is an employee discount of INR 13 per share. Enviro Infra IPO market lot has 101 shares, and the minimum application amount is INR 14,948. The retail quota is 35%, QIB is 50%, and NII is 15%.
Check Enviro Infra IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Enviro Infra IPO Subscription Status segregated by days and investor categories.
Enviro Infra IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 87,69,600 | 65,77,200 | 1,53,46,800 | 1,00,000 | 3,07,93,600 |
| 26 Nov 2024 | 157.05 | 153.80 | 24.48 | 37.77 | 89.90 |
| 25 Nov 2024 | 2.58 | 34.60 | 8.73 | 13.68 | 12.52 |
| 22 Nov 2024 | 2.04 | 2.98 | 1.70 | 3.17 | 2.08 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Enviro Infra – Business Background
Enviro Infra Engineers specializes in the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government entities. The WWTPs encompass Sewage Treatment Plants (STPs), sewerage schemes, and Common Effluent Treatment Plants (CETPs), while the WSSPs include water treatment facilities, pumping stations, and pipeline systems. A significant number of these plants adhere to Zero Liquid Discharge (ZLD) standards, facilitating the reuse of treated water for purposes such as horticulture, washing, refrigeration, and industrial applications.
Funding for WWTPs and WSSPs is partially sourced from the Central Government through initiatives like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), with full financing provided under the National Mission for Clean Ganga (NMCG) for urban projects. Additionally, rural WSSPs receive support from the Central Government through schemes such as the Jal Jeevan Mission (JJM). State governments and Urban Local Bodies (ULBs) also contribute to the funding of these projects through their respective programs.
As of 30 June 2024, Enviro Infra Engineers has completed 28 WWTPs and WSSPs across India over the last seven years, with 22 of these projects having a capacity of 10 million litres per day (MLD) or more. The company’s current order book includes 21 ongoing WWTPs and WSSPs valued at approximately INR 1,906.28 crore.
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Investor Categories in Enviro Infra IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Enviro Infra IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfil this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Enviro Infra IPO Subscription Status FAQs
When will the Enviro Infra IPO subscription start?
Enviro Infra IPO subscription starts on 22 November and ends on 26 November 2024.
How to subscribe to Enviro Infra IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Enviro Infra IPO be listed?
Enviro Infra IPO will be listed on 29 November 2024, on the BSE and NSE stock exchanges.
