Slowdown in Enviro Infra Engineers Limited's IPO, subscribed only 2 times on the second day, know till when you can bid…

Today is the second day of bidding for the IPO of Enviro Infra Engineers Limited. This IPO was subscribed a total of 2.09 times on the first day. This IPO was subscribed 1.73 times in the retail category, 2.04 times in the Qualified Institutional Buyers (QIB) category and 2.99 times in the Non-Institutional Investors (NII) category.

Investors will be able to bid in Enviro Infra Engineers IPO till tomorrow. The company will be listed on Bombay Stock Exchange and National Stock Exchange on 29th November. The issue size of this IPO is Rs 650.43 crore.

The company plans to issue a total of 4 crore 39 lakh 48 thousand shares (Enviro Infra Engineers IPO). This includes fresh issue of 3 crore 86 lakh 80 thousand new shares, while the promoters will sell 52 lakh 68 thousand shares. The face value of each share has been fixed at ₹10.

What is the minimum and maximum investment? (Enviro Infra Engineers Limited)

Enviro Infra Engineers has fixed the price band of the IPO at ₹140 to ₹148 per share. Retail investors can bid for a minimum of one lot i.e. 101 stocks (Enviro Infra Engineers IPO).

If you apply for 1 lot at the upper price band of IPO of ₹ 148, then you will have to pay ₹ 14,948 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 1313 shares. For this, investors will have to invest ₹ 194,324 as per the Upper Price Band.