Enviro Infra Engineers IPO Day 3: Should You Invest for Listing Gains?

Enviro Infra Engineers IPO has received strong investor interest, with a ₹55 GMP and 20x subscription on Day 3. Should you subscribe? Let’s explore.

The Enviro Infra Engineers IPO has captured investor attention with robust subscription figures and a rising Grey Market Premium (GMP). With a diversified portfolio and strong financial performance, the IPO offers promising listing gains for high-risk investors. Let’s dive into the details.


Key Highlights of the IPO

  1. Subscription Status:
    • Total Subscription: 20.61x.
    • Retail Portion: 12.62x.
    • Non-Institutional Investors (NII): 63.19x.
  2. Grey Market Premium (GMP):
    • GMP has risen from ₹23 to ₹55 over the last week, indicating strong investor sentiment.

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Enviro Infra Engineers IPO Overview

Parameter Details
IPO Dates Nov 22 – Nov 26, 2024
Issue Size ₹300 Crore
GMP (as of Nov 26) ₹55
Subscription 20.61x

Financial Performance

  • Revenue Growth: 115% increase in FY24, reaching ₹7,289 million.
  • Profit Growth: 78.9% CAGR, with PAT rising to ₹1,086 million.
  • Debt Concerns: Net borrowings increased from ₹235 crore to ₹305 crore in Q1 FY25.

Expert Opinions

  1. For High-Risk Investors:
    • Anshul Jain, Lakshmishree Investments: “Apply for listing gains only.”
  2. For Long-Term Investors:
    • Akriti Mehrotra, StoxBox: “The diversified portfolio and focus on sustainable practices make it a promising investment.”

Should You Apply?

Enviro Infra Engineers IPO offers a lucrative opportunity for listing gains, especially for high-risk investors. However, long-term investors should weigh the company’s debt levels against its strong financial performance.


Disclaimer: This article is for informational purposes only. Please conduct thorough research or consult a financial advisor before investing.

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