Enviro Infra Engineers IPO: Key Updates and Allotment Process
The Enviro Infra Engineers IPO has recently concluded its bidding phase, and investors are eagerly awaiting the allotment results. As per the ‘T+3’ listing rule, the anticipated listing date for the shares is set for November 29, 2024, which falls on a Friday. This article provides a comprehensive overview of the IPO process, current market sentiments, and how applicants can check their allotment status.
Understanding the Enviro Infra Engineers IPO
Enviro Infra Engineers Limited, a company specializing in environmental engineering solutions, has garnered significant attention in the market. The IPO was met with robust demand, evidenced by the overwhelming subscription rates across various investor segments. In just three days of bidding, the issue was subscribed 89.90 times overall, with the retail portion subscribed 24.48 times, the Non-Institutional Investors (NII) segment 153.80 times, and the Qualified Institutional Buyers (QIB) segment 157.05 times.
Current Market Sentiments
Following the conclusion of the bidding process, the Indian stock market experienced a slight downturn, snapping a two-day rally. This shift in market dynamics has influenced the grey market sentiments surrounding the Enviro Infra Engineers IPO. As of Wednesday, the shares were trading at a grey market premium (GMP) of ₹49, a decrease from the previous day’s GMP of ₹50. This decline in premium reflects the broader market trends and investor sentiment.
The grey market premium had initially surged from ₹23 to ₹55 over five sessions, indicating strong investor interest. However, the recent dip suggests a cautious approach among traders, likely influenced by the market’s overall performance.
How to Check Enviro Infra Engineers IPO Allotment Status
Once the allotment is finalized, applicants can easily check their status online. There are two primary platforms for this: the Bombay Stock Exchange (BSE) website and Bigshare Services, the official registrar for the IPO. Below are the steps for checking the allotment status on both platforms.
Checking Allotment Status on BSE
- Visit the BSE allotment status page at bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ in the issue type option.
- Choose ‘Enviro Infra Engineers Limited’ from the dropdown menu.
- Enter your application number or PAN card details in the designated fields.
- Complete the CAPTCHA verification by clicking on ‘I’m not a robot.’
- Click on the ‘Search’ button.
Your allotment status will be displayed on your screen.
Checking Allotment Status on Bigshare Services
- Navigate to the Bigshare Services allotment status page at ipo.bigshareonline.com/ipo_status.html.
- Select ‘Enviro Infra Engineers Limited’ from the company name list.
- Choose one of the following options: Application No, CAF No, Beneficiary ID, or PAN Number.
- Click on the ‘Search’ button.
Your allotment status will appear on your screen.
Conclusion
The Enviro Infra Engineers IPO has generated considerable interest among investors, with strong subscription rates indicating confidence in the company’s prospects. As the listing date approaches, market participants will be keenly observing the grey market trends and overall market conditions. For those who participated in the IPO, checking the allotment status is a straightforward process that can be done online through the BSE or Bigshare Services. As we await the listing, the excitement surrounding Enviro Infra Engineers Limited continues to build.