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Enviro Infra Engineers Soars 48.6% on NSE Debut, Opening at ₹220 Amid Strong Investor Confidence

Enviro Infra Engineers debuted on the NSE with a strong 48.6% premium, opening at ₹220, reflecting positive market reception and strong investor confidence in the company's growth potential.
Enviro Infra Engineers Soars 48.6% on NSE Debut, Opening at ₹220 Amid Strong Investor Confidence
Enviro Infra Engineers Soars 48.6% on NSE Debut, Opening at ₹220 Amid Strong Investor Confidence

Enviro Infra Engineers made an impressive market debut, listing at a 48.6% premium, with its shares opening at ₹220 on the NSE. The strong opening highlights the market’s positive reception and investor confidence in the company’s growth prospects.

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Enviro Infra Engineers Limited IPO witnessed robust demand on Day 3. Qualified Institutional Buyers (QIBs) led with a 157.05x subscription, followed by Non-Institutional Investors at 153.80x. Retail Investors subscribed 24.48x, employees 37.77x, bringing the total subscription to an impressive 89.90x.

Also Read: Realty stock jumps after company reduces its debt by ₹100 Cr

Enviro Infra Engineers Ltd. specializes in designing, constructing, and maintaining WWTPs and WSSPs for government authorities. Their projects include ZLD-compliant STPs, CETPs, and WTPs, promoting water reuse for various purposes. With in-house teams and joint ventures, they integrate solar and CBG plants, reducing carbon footprints. As of June 2024, 7 of 21 ongoing projects focus on sustainability. 

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Enviro Infra Engineers plans to use ₹181 crores for working capital, ₹24.001 crores for the 60 MLD STP project in Mathura, and ₹120 crores for repaying debts. Funds will also support strategic growth, acquisitions, and general corporate purposes.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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