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If we go by the trends in the grey market, shares of Enviro Infra Engineers Ltd. are expected to have a healthy listing. The stock was commanding a premium of ₹52 in the grey market, compared to the issue price of ₹148, indicating a 35% premium at listing.
According to experts, the robust IPO subscription numbers, strong financial performance, and the company’s growth trajectory are some supporting factors for the likely listing gains.
Akriti Mehrotra of StoxBox said that Enviro Infra is expected to make a strong debut on the stock market, with a premium of approximately 35% on the upper price band, reflecting robust investor interest.
Given the positive outlook for the water treatment sector and the company’s growth trajectory, the expected listing price appears to be justified, Mehrotra said, advising investors to consider holding their positions for the medium to long term.
The company's continued expansion, focus on sustainable practices, and its established track record in delivering large-scale projects on time suggests strong future growth potential.
Considering all the parameters, including its subscription demand and an improve in market sentiments, the stock can debut with a healthy listing gain of around 15-25% range on its issue price, said Prashanth Tapse of Mehta Equities.
Tapse recommended allotted conservative investors to book profits above 25% due to the ongoing market volatility.
The IPO of Enviro Infra Engineers, which was open for subscription from November 22 to November 26, has a fixed price band of ₹140-148 per share. Through this offering, Enviro Infra has raised ₹650 crore.
The proceeds from the fresh issue to the tune of ₹181 crore will be utilised to meet the working capital requirements, ₹100 crore for payment of debt, ₹30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh.
At present, promoters hold over 93% stake in Enviro Infra Engineers.
Enviro Infra Engineers was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies or entities.
The company's revenue increased by 116% and profit after tax (PAT) rose by 101% between the financial year ending with March 31, 2024 and March 31, 2023.
Hem Securities Ltd acted as the book running lead manager of the Enviro Infra Engineers IPO, while Bigshare Services Pvt Ltd was the registrar.
According to experts, the robust IPO subscription numbers, strong financial performance, and the company’s growth trajectory are some supporting factors for the likely listing gains.
Akriti Mehrotra of StoxBox said that Enviro Infra is expected to make a strong debut on the stock market, with a premium of approximately 35% on the upper price band, reflecting robust investor interest.
Given the positive outlook for the water treatment sector and the company’s growth trajectory, the expected listing price appears to be justified, Mehrotra said, advising investors to consider holding their positions for the medium to long term.
The company's continued expansion, focus on sustainable practices, and its established track record in delivering large-scale projects on time suggests strong future growth potential.
Considering all the parameters, including its subscription demand and an improve in market sentiments, the stock can debut with a healthy listing gain of around 15-25% range on its issue price, said Prashanth Tapse of Mehta Equities.
Tapse recommended allotted conservative investors to book profits above 25% due to the ongoing market volatility.
The IPO of Enviro Infra Engineers, which was open for subscription from November 22 to November 26, has a fixed price band of ₹140-148 per share. Through this offering, Enviro Infra has raised ₹650 crore.
The proceeds from the fresh issue to the tune of ₹181 crore will be utilised to meet the working capital requirements, ₹100 crore for payment of debt, ₹30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh.
At present, promoters hold over 93% stake in Enviro Infra Engineers.
Enviro Infra Engineers was established in 2009 and is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies or entities.
The company's revenue increased by 116% and profit after tax (PAT) rose by 101% between the financial year ending with March 31, 2024 and March 31, 2023.
Hem Securities Ltd acted as the book running lead manager of the Enviro Infra Engineers IPO, while Bigshare Services Pvt Ltd was the registrar.
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