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
- Subscription Status:
- Total Subscription: 20.61x.
- Retail Portion: 12.62x.
- Non-Institutional Investors (NII): 63.19x.
- 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
- For High-Risk Investors:
- Anshul Jain, Lakshmishree Investments: “Apply for listing gains only.”
- 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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