Enviro Infra Engineers IPO share allotment status is expected to be finalised on Wednesday, November 27, after the subscription closed with a strong demand.

The initial public offering (IPO) of Enviro Infra Engineers was open for bidding from November 22 to November 26.

The company’s shares are scheduled to debut on the BSE and NSE. The IPO listing date has been tentatively fixed as November 29.

During the three-day subscription period the mainboard issue was booked 89.9 times across investor categories. The price band for the issue was set at ₹140-148 per share.

Qualified Institutional Buyers (QIBs) led the charge with a subscription rate of 157.05 times. Non-Institutional Investors (NIIs) followed closely, subscribing 153.8 times their reserved portion and retail investors subscribed to 24.48 times their allocation.

How to Check IPO Allotment Status

Investors can check their allotment status through the websites of the NSE, BSE and the IPO registrar, Bigshare Services Pvt. Ltd.

Steps to check IPO allotment status on BSE

1. Visit the BSE IPO allotment page: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx .

2. Select ‘Equity’ as the issue type.

3. Choose ‘Enviro Infra Engineers’ from the list.

4. Enter your application number or PAN.

5. Click ‘Search’ to view your status.

On Bigshare Services’ Website

1. Navigate to the Bigshare Services IPO page: https://www.bigshareonline.com/ipo_allotment.html

2. Select ‘Enviro Infra Engineers’ from the dropdown menu.

3. Enter details such as PAN, application number, or DP/Client ID.

4. Click ‘Submit’ to check your status.

Successful applicants will receive shares in their Demat accounts on November 28, while refunds will be initiated for unsuccessful bidders on November 27.

About Enviro Infra IPO

Enviro Infra Engineers aims to raise ₹650.43 crore through its IPO. The book-building issue comprises a fresh issue of 3.87 crore equity shares and an offer-for-sale (OFS) of 52.68 lakh shares by the promoters.

The company plans to utilise the funds from the fresh IPO issue to meet various strategic and operational needs. A significant portion, ₹181 crore, will be allocated for working capital requirements, while ₹100 crore will go toward debt repayment.

Additionally, ₹30 crore will be infused into its subsidiary, EIEL Mathura Infra Engineers, to construct a 60 million litres per day sewage treatment plant in Mathura, Uttar Pradesh. The remaining funds will be used for general corporate purposes, supporting the company’s broader growth objectives.

Founded in 2009, Enviro Infra Engineers specialises in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs) for government agencies.