The much-anticipated allotment status for Enviro Infra Engineers’ initial public offering is now available, offering investors the opportunity to check if they have been allotted shares.
After a highly subscribed offering, the focus now shifts to the listing date, which is scheduled for November 29, 2024.
Key Takeaways
- IPO Allotment Status: Investors can now check their allotment status for the Enviro Infra Engineers IPO via BSE or Bigshare Services.
- Subscription Success: The IPO was massively oversubscribed, with demand in all segments (QIBs, NIIs, and retail) exceeding expectations.
- GMP Trends: The Grey Market Premium (GMP) stands at ₹49, reflecting investor sentiment and potential performance on listing day.
- Listing Date: The expected listing date is November 29, 2024.
IPO Allotment Status Finalized
Enviro Infra Engineers, which launched its IPO earlier this month, has completed the subscription process, and the share allotment has been finalized.
With an overwhelming response to the IPO, the subscription rate reached a staggering 89.90 times during the three-day bidding process.
Retail investors showed significant interest, with the retail portion subscribed 24.48 times, while Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) saw even greater demand, with their respective portions subscribed 157.05 times and 153.80 times.
The allotment status, which has now been published, allows investors to determine whether they have been successful in securing shares from the offering.
How to Check Enviro Infra Engineers IPO Allotment Status
Investors who participated in the IPO can check their allotment status on two main platforms: the Bombay Stock Exchange and the official registrar, Bigshare Services. Here’s a quick guide on how to check the status:
1. BSE Allotment Status Check
To check the allotment status through BSE:
- Visit BSE Allotment Status
- Select ‘Equity’ under the issue type option.
- Choose ‘Enviro Infra Engineers Limited’ from the dropdown.
- Enter your application number or PAN card details.
- Click on ‘Search’.
2. Bigshare Allotment Status Check
Alternatively, you can also check the allotment status on Bigshare’s website:
- Go to Bigshare IPO Status
- Select ‘Enviro Infra Engineers Limited’ from the company dropdown.
- Provide your Application Number, CAF Number, Beneficiary ID, or PAN Number.
- Enter the CAPTCHA code and click ‘Search’.
Once submitted, your allotment status will be displayed, confirming if you’ve been allotted shares in the IPO.
GMP Status
As of the latest update, the Grey Market Premium (GMP) for Enviro Infra Engineers IPO stands at Rs 49, slightly down from the previous day’s Rs 50. The drop in GMP follows a slight dip in market sentiment, as the Indian stock market paused its two-day rally on Tuesday.
Despite the fall, the GMP remains relatively strong, showing positive investor sentiment towards the IPO. The GMP had risen significantly from Rs 23 to Rs 55 during the last few days of bidding, indicating growing confidence in the company’s upcoming market debut.
What Investors Are Saying
The success of the IPO can be attributed to several factors. Investors have shown keen interest in the company’s prospects, given the expanding infrastructure sector in India and Enviro Infra Engineers’ potential to benefit from the growing demand for environmental and engineering solutions.
The company’s future plans, backed by strong market demand and institutional interest, have contributed to the overall optimism.
Analysts suggest that investors should keep a close eye on the GMP and other market factors as the listing date approaches, which could indicate how well the stock might perform post-listing.
Enviro Infra Engineers IPO Listing Date
The IPO is expected to list on the 29th of November, 2024, adhering to the ‘T+3’ listing rule. This means investors who were allotted shares can expect to see their holdings listed and available for trading by the end of this week.
Given the strong subscription numbers and positive outlook on the company, analysts anticipate a healthy debut for the stock, though market volatility could still play a role in its initial price movement.
Disclaimer – The information provided in this article is for informational purposes only. The views and analysis expressed here are based on available data at the time of writing and are subject to change. Market conditions, the status of the IPO, and other external factors can affect the accuracy and outcome of the information provided. We do not provide investment advice or recommendations. All investors should perform their own due diligence or consult with a licensed financial advisor before making investment decisions.
