The Enviro Infra Engineers IPO is a book-built issue worth ₹650.43 crore. It comprises:
- A fresh issue of 3.87 crore shares, amounting to ₹572.46 crore.
- An offer for sale (OFS) of 0.53 crore shares, totaling ₹77.97 crore.
Key Dates:
- IPO Subscription Period: November 22–26, 2024.
- Allotment Finalization: November 27, 2024.
- Listing Date: November 29, 2024 (on BSE and NSE).
Pricing & Lot Details:
- Price Band: ₹140–₹148 per share.
- Minimum Lot Size: 101 shares (₹14,948 investment for retail investors).
- sNII Minimum Investment: ₹209,272 (14 lots, 1,414 shares).
- bNII Minimum Investment: ₹1,001,516 (67 lots, 6,767 shares).
Special Reservation:
- Employee Quota: 1,00,000 shares are reserved for employees at a ₹13 discount per share.
Lead Managers:
- Book Running Lead Manager: Hem Securities Limited.
- Registrar: Bigshare Services Pvt. Ltd.
For complete details, refer to the Red Herring Prospectus (RHP) of Enviro Infra Engineers IPO.
| Enviro Infra Engineers IPO Details | |
|---|---|
| IPO Date | November 22, 2024 to November 26, 2024 |
| Face Value | 10 |
| Price Band | ₹140 to ₹148 per share |
| Lot Size | 101 Shares |
| Total Issue Size | 43,948,000 shares (aggregating up to ₹650.43 Cr) |
| Fresh Issue | 38,680,000 shares (aggregating up to ₹572.46 Cr) |
| Offer for Sale | 5,268,000 shares of ₹10 (aggregating up to ₹77.97 Cr) |
| Listing At | BSE, NSE |
| Share holding pre issue | 136,850,000 |
| Share holding post issue | 175,530,000 |
| Enviro Infra Engineers IPO Schedule | |
|---|---|
| IPO Open Date | Friday, November 22, 2024 |
| IPO Close Date | Tuesday, November 26, 2024 |
| Basis of Allotment | Wednesday, November 27, 2024 |
| Initiation of Refunds | Wednesday, November 27, 2024 |
| Shares Credit to Demat | Thursday, November 28, 2024 |
| UP Mandate Accept | till 5 PM on November 26, 2024 |
Enviro Infra Engineers IPO Lot Size Detail
The lot size for the Enviro Infra Engineers Limited IPO is 101 shares per lot. Here are the investment details:
Retail Investors:
- Minimum Lot: 1 lot (101 shares) costing ₹14,948 (based on the upper price band of ₹148).
- Maximum Lot: 13 lots (1,313 shares) costing ₹1,94,324.
Non-Institutional Investors (HNI):
- Small HNI (S-HNI):
- Minimum: 14 lots (1,414 shares) costing ₹2,09,272.
- Maximum: 66 lots (6,666 shares) costing ₹9,86,568.
- Big HNI (B-HNI):
- Minimum: 67 lots (6,767 shares) costing ₹10,01,516.
The IPO has been structured as a book-built issue with a price band of ₹140 to ₹148 per share
Promoter Holding Detail
The promoter holding in Enviro Infra Engineers Limited IPO is structured as follows:
- Pre-IPO Promoter Shareholding: 93.66% of the total equity.
- Post-IPO Promoter Shareholding: The exact post-issue holding will decrease due to the dilution from the fresh issue of shares and the offer for sale but has not been disclosed in detail yet.
The company’s promoters are Sanjay Jain, Manish Jain, Ritu Jain, and Shachi Jain. The IPO involves a fresh issue of ₹572.46 crore and an offer for sale (OFS) of ₹77.97 crore