The eagerly awaited Enviro Infra Engineers IPO’s allocation status has been decided upon, and investors are keen to find out whether they have got shares. Reflecting great market trust in the company, the IPO, open for subscription from November 22 to November 24, 2024, attracted an overwhelming response across all investor types. Here’s all you need know about how to monitor your allocation status, Grey Market Premium (GMP) updates, and what to expect going forward once the allotment process is finished.
Enviro Infra Engineers IPO: An Initial View
Designing, building, and maintaining water and wastewater treatment plants is specialty of Enviro Infra Engineers. During the IPO, the company’s solid portfolio and sustainability-oriented focus drew a lot of interest.
Problem Size: ₹ 150 crore
Market lot is 100 shares; price band is ₹140 to ₹148 per share.
Listing Date: November 29, 2024
The IPO comprised an Offer for Sale (OFS) by current owners and a fresh issue of shares, therefore giving investors an opportunity to participate in the expansion of the com
Details of Subscription:
Subscribed 89.90 times overall, the IPO showed strong interest from all investor groups:
2.64 times qualified institutional buyers, or QIBs:
55.5 times non-institutional investors (NIIs)
Retail Individual Investors (RIIs) 11.25 times
The high subscription figures point to robust market mood and optimistic prospects of positive listing benefits.
GMP Updates: Indicate of Positive Listing
An unofficial gauge of the projected success of an IPO before it is listed on the stock exchanges is the Grey Market Premium (GMP). Enviro Infra Engineers IPO GMP as of November 28, 2024 is ₹49.
Based on the upper price band of ₹148 and the current GMP, the stock is projected to list for over ₹197 per share.
Attractive for investors looking for quick profits, this shows a premium of almost 33% over the issue price.
GMP estimates, however, are theoretical and will change depending on the state of the market.
Online Check Allotment Status: How to Access
Investors can find their allocation status by means of the following approaches:
The official registrar for the IPO, Bigshare Services Pvt. LTD., offers a simple means to view your allocation status on their website.
Go on the Bigshare Services website.
See the section on IPO Allotment Status.
Use the dropdown menu’s Enviro Infra Engineers IPO selection.
Enter your application number, PAN number, DP ID/Client ID.
Click on Submit to view your allocation state.
- Online Stock Exchange Websites:
A. BSE (Bombay Stock Exchange):
Visit the BSE website.
Click Investor Services then choose Status of Issue Application.
As the issue type, pick Equity; the issue name is Enviro Infra Engineers IPO.
Click Search to discover the status after entering your application number, PAN.
b. NSE—the National Stock Exchange:
Check the NSE website.
Go to the part on IPO allotment status.
Enter the needed information and choose Enviro Infra Engineers IPO.
Send this to review your allotment.
Process of Post-Allotment
Here’s what follows once the allotment is confirmed:
Refunds Initiated: Beginning November 27, 2024, refunds will be handled for those who did not get shares. The payment will show up in the bank account connected to your IPO application.
November 28, 2024 will see successful allottees receive the shares credited to their demat accounts.
Listing Date: November 29, 2024 will see the shares first show on the BSE and NSE.
What Investors Should Know
Investors seeking rapid returns could want to think about selling their shares on listing day should the company open at a premium.
Enviro Infra Engineers works in the environmentally friendly infrastructure industry, with a clear expansion path. Long term holding of the shares could provide significant rewards.
Conclusion
The Enviro Infra Engineers IPO has created a lot of buzz, and for investors the release of the allotment status signifies a turning point. The stock is likely to show good returns given a strong GMP pointing to a good listing. Whether your role is allocating funds or keeping an eye on the market for next prospects, this IPO captures the rising investor interest in environmentally friendly infrastructure firms. As the listing date draws near, everyone will be focused on the market performance of the stock.
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