Enviro Infra Engineers IPO DAY 2 Live Updates: Issue booked 2.08x so far. Check GMP, subscription status, reviews, more
₹195 crore from anchor investors. The company's initial public offering (IPO) is valued at ₹650 crore, with shares priced between ₹140 and ₹148 each.
The IPO consists of a fresh issuance of 3.87 crore equity shares, along with a sale offer (OFS) of 52.68 lakh shares by the promoters.Stay tuned for more updates Enviro Infra Engineers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee portion has been reserved up to 1,00,000 equity shares and a discount of ₹13 per share is being offered to eligible employees.Enviro Infra Engineers IPO GMP today or grey market premium is +52.
This indicates Enviro Infra Engineers share price were trading at a premium of ₹52 in the grey market on Monday, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Enviro Infra Engineers share price was indicated at ₹200 apiece, which is 35.14% higher than the IPO price of ₹148.Grey market activity over the prior nine sessions indicates that today's IPO GMP is positive and anticipates a successful listing. According to experts on investorgain.com, the lowest GMP is ₹0, and the maximum is ₹52.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and
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