Fri Nov 22 11:09:26 UTC 2024: ## Enviro Infra Engineers IPO Opens, Seeks ₹650 Crore
**NOIDA, INDIA – November 16, 2024** – Enviro Infra Engineers’ Initial Public Offering (IPO) opened today, aiming to raise ₹650.43 crore. The IPO, a mix of fresh issuance and offer-for-sale, offers shares at a price band of ₹140-₹148 per share. Investors must bid for a minimum of 101 shares (one lot), costing ₹14,948. The company has already secured ₹194.69 crore from anchor investors.
The IPO subscription period runs until November 26th, with share allotment expected on November 27th. Listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is scheduled for November 29th. A discount of ₹13 per share is available to employees, with one lakh shares reserved for them.
The allocation of shares is as follows: up to 50% for qualified institutional buyers, at least 35% for retail investors, and 15% for non-institutional investors.
Enviro Infra’s IPO is currently trading at a premium of ₹38 in the grey market, reportedly its highest grey market premium (GMP) to date.
First Piper 