Enviro Infra Engineers had a spectacular debut on November 29, 2024, with its shares listing at ₹220 on the NSE, a 48.65% premium over its IPO price of ₹148.
The stock opened at ₹218 on the BSE, reflecting a 47.29% premium. The ₹650.43 crore IPO was oversubscribed 89 times, with QIBs oversubscribed 157 times and the retail portion 24.48 times. The company will use the proceeds for working capital, repaying debt, and funding projects like a sewage treatment plant in Mathura, Uttar Pradesh.