GMP of this company formed in 2009 is better than NTPC Green IPO, know when will you be able to invest money

New Delhi. IPO has always been a topic of discussion and excitement for investors. In this, companies sell their shares to the public for the first time, which gives investors an opportunity to make profits and companies an opportunity to raise capital for their development. This time NTPC Green Energy IPO is in discussion. Investors had high expectations from the IPO of this government company, but the weakness of Gray Market Premium (GMP) has dampened the enthusiasm. It is a different matter that the entire quota of retail investors has been filled on the very first day. If you too have become calm after seeing NTPC’s GMP, then wait for two days. Another IPO is going to open on 22nd November, whose GMP is better.

The new IPO we are talking about is of Enviro Infra Engineers. This company is known for its expertise in waste-water treatment and water supply projects. GMP of NTPC Green today (20th November) is only Re 1. If it opens at this price then investors will not get good listing gains. In contrast, the GMP of Enviro Infra IPO is Rs 15. It would also be good to know about other important things related to this IPO.

Enviro Infra Engineers IPO details
The IPO of Enviro Infra Engineers will be open from November 22 to November 26. Its price band has been fixed at Rs 140-148 per share. Investors will have to buy a lot of at least 101 shares. The total amount to be raised in the IPO is Rs 650.43 crore, out of which new shares worth Rs 572.46 crore will be issued and the remaining shares will be sold under Offer for Sale (OFS). 50 percent of this IPO is reserved for Qualified Institutional Buyers (QIB), 15 percent for Non-Institutional Investors (NII), and 35 percent for retail investors.

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The company will use the funds raised from this IPO for corporate purposes like meeting working capital needs, investing in its subsidiary Mathura Infra Engineers, repaying debt and acquisitions. Apart from this, this amount will also be used to build 60 MLD Sewage Treatment Plant (STP) in Mathura. This project is based on hybrid annuity PPP model.

History of Enviro Infra Engineers
Enviro Infra Engineers was established in 2009. The company primarily builds waste-water treatment plants (WWTPs) and water supply projects (WSSPs) for government agencies and private companies. Under WWTPs, the company works on sewage treatment plants, sewerage schemes and common effluent treatment plants. At the same time, under WSSPs, it builds water treatment plants, pumping stations and pipeline networks for water supply.

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The company has so far completed more than 28 WWTPs and WSSPs projects in many states. Its services are used by government agencies, due to which the company’s business is considered sustainable and reliable.

How is the situation in the gray market?
According to IPO Watch, the GMP of Enviro Infra Engineers is currently Rs 15 per share. This is about 11 percent of its issue price. According to this also, if the listing happens then its returns will be better than the IPO of NTPC Green Energy. However, market experts say that investment decisions should not be taken only on the basis of gray market. It is important to pay attention to the fundamentals of the company and its financial position.

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