Enviro Infra IPO is expected to offer investors an opportunity to invest in the company`s equity. The IPO will open for subscription on 22 November 2024, and the price band is set between Rs140 to Rs148 Per Share. The listing is scheduled for 29 November 2024. Enviro Infra, specializing in environmental services, aims to raise capital for expansion and debt reduction. Enviro Infra IPO is a Book Built Issue. The company raised around Rs650 crores via IPO that comprises fresh issue of Rs572 crores and offers for sale up to 52,68,000 equity shares with face value of Rs10 each.
Here`s everything you need to know about the Enviro Infra IPO, including key details about its date, price, and the review for potential investors.
Enviro Infra IPO Date:
Opening Date: 22 November 2024
Closing Date: 26 November 2024
Price Band: Rs140 to Rs148 Per Share
Enviro Infra IPO Price:
Price Band: Rs140 to Rs148 Per Share
The price band for the Enviro Infra IPO will determine the cost per share. The lot size indicates the minimum number of shares an investor can purchase. Depending on the final price band set by the company, the IPO will likely be a high-demand offering, especially given the growing interest in the infrastructure and sustainability sectors.
Enviro Infra IPO Listing Details:
The Enviro Infra IPO is expected to list on the [NSE/BSE], and the listing date is anticipated to be around 29 November 2024, depending on the final allotment and listing process.
Listing Exchange: [NSE/BSE]
Listing Date: 29 November 2024
Face Value: Rs10 per equity share
Post-listing, investors will be able to trade the shares on the secondary market, allowing for potential capital gains based on the market`s reception of the stock.
Company Overview:
Enviro Infra is a leading player in the infrastructure sector, focusing on sustainable solutions like waste management, renewable energy, environment protection, etc. The company has built a reputation for implementing green infrastructure projects in various cities.
Strengths:
Sustainability Focus: As the world increasingly emphasizes sustainability, Enviro Infra projects in renewable energy and waste management position it well in a growing market.
Strong Management Team: The company is led by a seasoned management team with expertise in environmental engineering and infrastructure development.
Government Support: The Indian government has shown support for green projects, with various incentives and policies aimed at encouraging infrastructure companies that focus on environmental sustainability.
Financial Performance:
Revenue Growth: Enviro Infra has shown consistent revenue growth over the past few years, driven by expanding its project portfolio and securing long-term contracts.
Profitability: The company has turned profitable, indicating a solid business model and sustainable operations.
Debt Management: The company has been actively working on reducing its debt, which is a positive indicator for long-term investors.
Risks:
Regulatory Risks: The environmental sector is subject to strict regulations, which may impact the pace of growth.
Market Competition: With the growing demand for green infrastructure, the sector is becoming increasingly competitive. Enviro Infra will need to maintain its edge in technology and innovation to stay ahead.
Valuation:
Considering the strong fundamentals and growth prospects in the infrastructure and green energy sectors, the IPO price band is seen as fairly reasonable. Investors should weigh the potential for long-term gains, especially as India continues to move towards more sustainable and eco-friendly practices.
Conclusion:
Enviro Infra IPO represents a promising opportunity for those looking to invest in companies focused on sustainability and infrastructure development. With a solid financial track record, strong management team, and growing demand for environmentally friendly solutions, this IPO could be a good choice for long-term investors.
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