Enviro Infra Engineers IPO
Enviro Infra Engineers Limited (EIEL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 November 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +63.9% (likely range +42% to +98%), day's high +65.0%, chance of a gain 92%. Actual: +48.6% at the open, +57.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 87,69,600 | 1,37,72,55,089 | 157x | |
| NII (HNI) total | 65,77,200 | 1,01,15,82,367 | 154x | |
| Big NII (above ₹10 lakh) | 43,84,800 | 78,03,45,291 | 178x | |
| Small NII (₹2-10 lakh) | 21,92,400 | 23,12,37,076 | 105x | |
| Retail | 1,53,46,800 | 37,57,25,050 | 24.5x | |
| Employees | 1,00,000 | 37,76,895 | 37.8x | |
| Total | 3,07,93,600 | 2,76,83,39,401 | 89.9x |
Bids on NSE and BSE together, as published by NSE, as of 26 Nov 2024, 07:00 PM. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Enviro Infra Engineers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| SanstarJul 2024 | 146x | 136x | 24.2x | 83.0x | ₹510 Cr | +14.7% | +35.6% |
| DEE Development EngineersJun 2024 | 202x | 144x | 23.4x | 99.6x | ₹431 Cr | +67.0% | +80.2% |
| Interarch Building ProductsAug 2024 | 205x | 128x | 19.1x | 93.5x | ₹595 Cr | +44.3% | +46.1% |
| Laxmi Organic IndustriesMar 2021 | 175x | 218x | 20.1x | 107x | ₹605 Cr | +19.6% | +34.3% |
| Stanley LifestylesJun 2024 | 222x | 120x | 19.2x | 97.0x | ₹534 Cr | +34.1% | +38.0% |
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Hem Securities | 2 | +34.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the Enviro Infra Engineers IPO price band and lot size? ₹140–148 per share, with a lot of 101 shares, so the smallest retail bid is ₹14,948.
How many times has it been subscribed? 89.9x overall: QIB 157x, NII 154x, retail 24.5x, employees 37.8x.
How did it list? It opened at ₹220, +48.6% against the issue price of ₹148, and closed its first day +39.9%.
