Shares of Enviro Infra are set to debut on the stock market on 29 November 2024, following a successful IPO that was oversubscribed by 89.90 times. Investors are closely watching Enviro Infra listing, eager to see how the company’s shares perform in the current volatile market conditions. While analysts are optimistic about the company’s long-term prospects, they anticipate good returns due to massive interest from investors. Here is more on this topic.
Anticipated Enviro Infra Listing Performance
Expected Listing Price: The shares of Enviro Infra are likely to be listed at around INR 200, reflecting solid gains of approximately 33.78% over the IPO price of INR 148 per share. This is based on the current Grey Market Premium (GMP) of INR 50 above the upper end of the IPO price.
Enviro Infra IPO Listing Expectations: Analyst Views
Ms Anubhuti Mishra from Swastika Investmart offers a positive outlook on the upcoming IPO of Enviro Infra. According to Mishra, the IPO has attracted significant attention, with a subscription rate of 89.9 times, reflecting strong investor interest. She highlights the company’s strategic positioning in the water and wastewater treatment sector, a critical area with growing demand for sustainable infrastructure.
With a strong order book and consistent revenue and profit growth, the IPO is considered reasonably priced, offering a solid valuation. Mishra projects the stock will list with a gain of approximately 37-40%, pointing to a positive short-term outlook.
While the near-term prospects are promising, she advises caution for long-term investors due to potential sectoral risks and execution challenges. Nevertheless, the company’s focus on sustainable growth opportunities makes it a noteworthy option for investors with a long-term view in this space.
Similarly, Ms Geetanjali Kedia of SPTulsian Investment Advisers expressed a positive outlook on the company and its IPO, citing growth visibility, high margins, and attractive pricing as key factors driving her confidence.
These analyst recommendations further reinforce the largely positive broker recommendations and reflect the positivity around Enviro Infra IPO listing expectations.
Company Overview
Enviro Infra specialises in the designing, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government entities in India.
As of 30 June 2024, the company has successfully developed 28 WWTPs and WSSPs over the past seven years, with 22 projects having capacities of 10 MLD or more. The company’s current order book includes 21 projects valued at approximately INR 1,906.28 crore. The company operates on an engineering, procurement, and construction (EPC) or hybrid annuity model (HAM) basis.
Enviro Infra Listing Day Strategy: Investor Recommendations
- For Allotted Investors: Analysts recommend holding onto the shares despite potential short-term volatility. The company’s robust portfolio and growth strategy in renewable energy are seen as strong points for long-term investment.
- For Non-Allotted Investors: It may be prudent to consider accumulating shares if they list around the issue price, taking advantage of any dips in market sentiment
In conclusion, Enviro Infra listing expectations are generally positive based on the grey market price movements. The company’s long-term growth potential remains promising amid a competitive landscape in wastewater management. For the latest IPO-related news stay tuned to IPO Central.
