The IPO price band for Enviro Infra Engineers Limited has been set between ₹140 and ₹148 per equity share, with a face value of ₹10 each. The subscription period for the IPO will begin on Friday, November 22, and end on Tuesday, November 26. Anchor investors' allocation is scheduled for Thursday, November 21.
Enviro Infra Engineers sets IPO price band
At the lower end of the price band, the floor price represents 14 times the face value of the equity shares, while the cap price corresponds to 14.8 times the face value. The price-to-earnings (P/E) ratio based on the diluted earnings per share (EPS) for the financial year ending 2024 is 17.22 times at the lower price point and 18.20 times at the upper price point. In comparison, the average P/E ratio for the industry peer group stands at 33.45 times.
The IPO lot size is 101 equity shares, with subsequent investments in multiples of 101 shares.
Allocation details
The offering will allocate no more than 50% of the shares for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and 35% for retail investors. Additionally, the employee portion will consist of up to 100,000 equity shares, with eligible employees receiving a discount of ₹13 per share.
The basis of share allotment is expected to be finalized on Wednesday, November 27. Refunds will also be processed on the same day, with shares credited to the demat accounts of allottees on Thursday, November 28. The shares are expected to be listed on BSE and NSE on Friday, November 29.
