The allotment for Enviro Infra Engineers IPO has concluded, bringing anticipation to investors as the listing date approaches. With a price band set between ₹210 and ₹230 per share, the IPO saw overwhelming demand, reflecting the market’s confidence in the company. The listing is scheduled for November 29, 2024, as per the ‘T+3’ rule.
Key Details of Enviro Infra Engineers IPO
- IPO Subscription:
The IPO received immense traction, being subscribed 89.90 times overall. Here’s a breakdown of the subscription levels:Segment Subscription Times Retail Investors 24.48 Non-Institutional Investors (NII) 153.80 Qualified Institutional Buyers (QIB) 157.05 - GMP Trends (Grey Market Premium):
The grey market premium (GMP) indicates investor sentiment. Enviro Infra Engineers IPO GMP has been volatile:- Nov 25: ₹55
- Nov 27: ₹50
- Nov 28: ₹49
This slight decline reflects the cooling enthusiasm post-subscription closure but remains a positive indicator of listing performance.
How to Check IPO Allotment Status Online
Investors can conveniently check their allotment status on the BSE or Bigshare Services website.
Steps for BSE:
- Visit the BSE allotment link: BSE Allotment Status.
- Select ‘Equity’ under the ‘Issue Type’ dropdown.
- Choose ‘Enviro Infra Engineers Limited’ from the list.
- Enter your application number or PAN.
- Verify using the CAPTCHA and click ‘Search.’
Steps for Bigshare Services:
- Go to the Bigshare IPO status page: Bigshare IPO Status.
- Select ‘Enviro Infra Engineers Limited.’
- Input Application No., CAF No., Beneficiary ID, or PAN.
- Complete the CAPTCHA and hit ‘Search.’
Your allotment status will appear on-screen instantly.
Market Expectations and Analyst Predictions
Despite fluctuations in the GMP, market analysts project a robust listing for Enviro Infra Engineers due to high subscription rates and the company’s growth potential in infrastructure. Investors are advised to monitor market conditions closely for optimal returns.
Disclaimer:
This article is for informational purposes only and should not be considered financial advice. Always consult with a certified financial advisor before making investment decisions.
