Enviro Infra Engineers IPO: Investors have placed heavy bets on the IPO of Enviro Infra Engineers, a company that develops sewage treatment plants and other related facilities. This IPO has been subscribed 89.90 times. This IPO is getting a strong response in the grey market. On November 28, it is trading at a premium of Rs 57 in the grey market. In simple words, investors can make a profit of Rs 57 on each share on the listing.

The allotment of shares of Enviro Infra Engineers has been finalized on November 27. Now its shares are to be listed on BSE and NSE on November 29.

Enviro Infra Engineers IPO got a strong response.
In the Rs 650.43 crore IPO of Enviro Infra Engineers, investors invested in the price band of Rs 140-148 and in lots of 101 shares. Employees got a discount of Rs 13 on each share. In this, the portion reserved for qualified institutional buyers (QIB) was filled 157.05 times, the portion of non-institutional investors (NII) was filled 153.80 times and the portion of retail investors was filled 24.48 times and the share of employees was filled 37.77 times.

The company's business,
Enviro Infra Engineers, was started in the year 2009. The company works on waste-water treatment plants (WWTPs) and water supply projects (WSSPs) for government agencies and companies. Under WWTPs, it works on sewage treatment plants (STPs), sewerage schemes, and common effluent treatment plants (CETPs). Under WSSPs, it works on water treatment plants (WTPs) as well as pumping stations and laying pipes for water supply.