Water/STP Infrastructure - Listed on 29 November 2024
Enviro Infra Engineers (Water/STP Infrastructure) closed its IPO window in 2024 and listed on NSE and BSE on 29 November 2024 at an upper band issue price of Rs 148, opening at Rs 220 for a listing gain of +48.6% and closing day one at Rs 207.07 (+39.9% on closing basis). The IPO was subscribed 89.90x overall - QIB 157.05x, HNI/NII 153.80x, Retail 24.48x. The total issue size was Rs 650.3 Cr (Fresh Issue Rs 572.35 Cr, OFS Rs 77.95 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Water/STP Infrastructure
Enviro Infra Engineers operates in the Water/STP Infrastructure space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Enviro Infra Engineers issue was offered at an upper price of Rs 148 and raised approximately Rs 650.3 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 15 | +37.16% |
| Day 2 | Rs 27 | +33.78% |
| Day 3 | Rs 30 | +33.78% |
| Day 4 | Rs 33 | +33.78% |
| Day 5 | Rs 50 | +22.30% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Enviro Infra Engineers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Enviro Infra Engineers IPO listed at +48.6% versus the upper issue price of Rs 148 on 29 November 2024.
Enviro Infra Engineers IPO was subscribed 89.90x overall. QIB portion was subscribed 157.05x, HNI / NII 153.80x and Retail 24.48x.
IPO GMP started at Rs 15 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.