The Enviro Infra Engineers IPO opened on November 22, 2024, and is gaining strong investor traction. By Day 2, the public issue is already subscribed 4.61 times, driven by a robust response across retail, NII, and QIB categories.
Grey Market Premium (GMP) Trends
- Current GMP: ₹53
- GMP Growth: Up by ₹22 from the previous day’s ₹31
- Driving Factors: Improved investor sentiment due to market recovery and positive outlook for the company’s growth potential.
Subscription Status by Investor Category
By 11:00 AM on Day 2, the subscription status was as follows:
| Category | Subscription Times |
|---|---|
| Retail | 3.60 |
| Non-Institutional (NII) | 10.35 |
| Qualified Institutional (QIB) | 2.05 |
Expert Reviews: Apply or Avoid?
- Indsec Securities:
- Valuation: IPO priced at an FY24 EV/EBITDA of 16.7x, higher than peers.
- Recommendation: Subscribe for Long Term due to strong revenue growth and robust order book.
- Swastika Investment:
- Highlights: Solid growth trajectory and fair pricing.
- Recommendation: Apply for long-term gains.
Enviro Infra Engineers IPO Summary
| Details | Information |
|---|---|
| IPO Open Date | November 22, 2024 |
| IPO Close Date | November 26, 2024 |
| Current GMP | ₹53 |
| Subscription Status | 4.61 times |
| Expert Recommendation | Subscribe for Long Term |
Disclaimer
This article is for informational purposes only. Always conduct thorough research before making investment decisions.
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