Enviro Infra Engineers’ IPO has captured significant market attention, with its allotment status expected to be announced today, November 27, 2024. Investors are keenly watching the grey market premium (GMP) trends and awaiting updates on the allotment process. Here’s a comprehensive breakdown of everything you need to know.
Grey Market Premium (GMP) Trends
Enviro Infra Engineers’ IPO GMP is currently at ₹50, a slight dip from Tuesday’s ₹55. This adjustment reflects muted sentiment after a recent rally in the Indian stock market came to a halt.
Over the last five sessions, the GMP surged from ₹23 to ₹55, underscoring strong interest. While today’s marginal decrease indicates a pause in momentum, the overall premium suggests confidence in the IPO’s post-listing performance.
IPO Subscription Numbers Speak Volumes
The book-built issue of Enviro Infra Engineers IPO concluded with an overwhelming response:
- Overall Subscription: 89.90 times.
- Retail Portion: 24.48 times.
- Non-Institutional Investors (NII): 153.80 times.
- Qualified Institutional Buyers (QIB): 157.05 times.
This massive oversubscription underscores investor enthusiasm, especially in the QIB and NII segments.
How to Check Enviro Infra Engineers IPO Allotment
Investors eagerly awaiting the allotment announcement can check their status online through the BSE or Bigshare Services platforms. Here’s how:
Via BSE Website
- Visit BSE IPO Application Status.
- Select ‘Equity’ under the issue type.
- Choose ‘Enviro Infra Engineers Limited’ from the list.
- Enter your application number or PAN card details.
- Solve the CAPTCHA and click ‘Search.’
Your allotment status will be displayed on the screen.
Via Bigshare Services
- Visit Bigshare Services IPO Status.
- Select ‘Enviro Infra Engineers Limited’ from the company dropdown.
- Choose an identification method: Application No, CAF No, Beneficiary ID, or PAN Number.
- Enter the CAPTCHA code and click ‘Search.’
The allotment results will be available for your review.
Expected Listing Date and Market Outlook
With the ‘T+3′ listing rule in effect, Enviro Infra Engineers’ shares are expected to debut on November 29, 2024, Friday. The IPO has already garnered attention for its robust subscription figures, and its grey market activity hints at strong listing-day performance.
Investors will closely watch whether the enthusiasm in the grey market translates into substantial gains post-listing.
Key Highlights for Investors
- IPO GMP Movement: A slight correction but overall robust sentiment.
- Subscription Data: Exceptional demand, particularly from institutional investors.
- Allotment Process: Easily accessible via BSE and Bigshare Services websites.
- Listing Date: Likely November 29, 2024, promising an eventful trading session.
As the allotment process concludes, market participants will look forward to the stock’s debut on the exchanges and its performance in the coming sessions.
