The initial share sale of Enviro Infra Engineers, which is involved in development of turnkey projects of sewage treatment plants and sewerage system, got fully subscribed on the first day of the offer on Friday.
The initial public offering (IPO) received bids for 6,38,69,269 shares against 3,07,93,600 shares on offer, translating into 2.07 times subscription, according to NSE data.
The portion for non-institutional investors attracted 2.98 times subscription while the qualified institutional buyers (QIBs) part got subscribed 2.04 times. The category for retail individual investors (RIIs) fetched 1.70 times subscription.
Enviro Infra Engineers on Thursday collected about Rs 195 crore from anchor investors.
The Rs 650-crore initial share sale is in a price range of Rs 140-148 apiece.
The company’s IPO is a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters.
Currently, promoters hold over 93 per cent stak
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