{"id":8259,"date":"2024-11-23T11:35:44","date_gmt":"2024-11-23T06:05:44","guid":{"rendered":"https:\/\/namaskaraindia.com\/?p=8259"},"modified":"2024-11-23T11:35:47","modified_gmt":"2024-11-23T06:05:47","slug":"what-you-need-to-know-about-enviro-infra-engineers-ipo-day-1-2-08-times-subscribed-updated-gmp-more","status":"publish","type":"post","link":"https:\/\/namaskaraindia.com\/what-you-need-to-know-about-enviro-infra-engineers-ipo-day-1-2-08-times-subscribed-updated-gmp-more\/","title":{"rendered":"What You Need to Know About Enviro Infra Engineers IPO Day 1: 2.08 Times Subscribed, Updated GMP & More"},"content":{"rendered":"
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Enviro Infra Engineers Ltd’s preliminary public<\/a> offering (IPO<\/a>) attracted steady response<\/a> from consumers on the first day (Day 1) of the bidding method. Primarily based on BSE particulars accessible on Friday, non-institutional consumers (NIIs) observed bids 2.98 occasions and the licensed institutional purchaser (QIB) part was booked 2.04 occasions. The employee part obtained 3.17 occasions the bookings at 5 pm<\/a>, whereas the category reserved for retailers obtained 1.70 occasions the subscription.<\/p>\n\n\n\n

Concern 6,39,54,008 was obtained on Day 1 in the direction of 3,07,93,600 shares with basic subscription of 2.08 occasions. The preliminary share<\/a> sale will keep open until Tuesday, November 25. The New Delhi-based agency is selling<\/a> its shares at a value range of Rs 140-148. Patrons can apply for a minimum of 101 equity shares and in multiples thereafter.<\/p>\n\n\n\n

Enviro Infra Rs 650.3 crore IPO at Rs. It<\/a> included a recent share sale of three,86,80,000 equity shares cost<\/a> Rs 572.46 crore and an offer-for-sale (OFS) of 52,68,000 equity shares by its promoters Sanjay Jain, Manish Jain. Ritu Jain and Shachi Jain.<\/p>\n\n\n\n

The Agency will use the net proceeds from the image new obstacle for working capital<\/a> requirements, inflow of funds in its subsidiary — EIEL Mathura Infra Engineers (EIEL Mathura), compensation and\/or prepayment of certain glorious loans, funding<\/a> for inorganic advance by the use of acquisitions and regular firm capabilities.<\/p>\n\n\n\n

Ahead of its IPO, Enviro Infra raised Rs 194.7 crore from anchor consumers as a result of it issued 1.31 crore equity shares at Rs 148 each.<\/p>\n\n\n\n

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