Enviro Infra shares make solid stock market debut at 50% premium over IPO price

Enviro Infra shares opened at Rs 220 per share on the NSE, reflecting a premium of 48.64 percent over the upper end of the IPO price band.

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26 Aug, 2025 12:21

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Enviro Infra Engineers shares made a strong debut on the stock exchanges on November 29, listing at a premium of nearly 50 percent over the issue price.

The company’s Rs 650-crore initial public offering (IPO) had garnered an overwhelming response, with a subscription of 89.90 times during its three-day bidding period. The IPO was priced in the range of Rs 140-148 per share.

On the National Stock Exchange (NSE), Enviro Infra Engineers' stock opened at Rs 220 per share, reflecting a premium of 48.64 percent over the upper end of the IPO price band.

On the BSE, the shares debuted at Rs 218 per share, marking a premium of 47.29 percent.

The company's total market cap stood at Rs 3,861.66 crore on the NSE at around 10:15 am.

Enviro Infra share listing was better than the expectations in the grey market. The shares were trading at a premium of nearly 40 percent in the unofficial market.

Analysts have recommended a "long-term hold" for the stock, citing its strong fundamentals and growth potential in the water and wastewater treatment sector.

Narendra Solanki, Head Fundamental Research-Investment Services, Anand Rathi Shares & Stock Brokers noted that "as of June 30, 2024, their Order Book includes 21 WWTPs and WSSPs for an aggregate value of ₹ 19,062.81 million. At the upper price band company is valuing at P/E of 30.72x, with an EV/EBITDA of 15.8x and market cap of ₹ 25,996 million post issue of equity shares and return on net worth of 37.83%. We suggest investors to HOLD the issue as a Long term view on IPO."

Akriti Mehrotra, Research Analyst, StoxBox echoed similar sentiments saying "hold recommendation is advisable to capitalize on potential gains as the company continues to strengthen its market position."

Enviro Infra Engineers, a company specialising in designing, constructing, operating, and maintaining water and wastewater treatment plants, as well as water supply scheme projects for government bodies, had priced its Rs 650-crore IPO in the range of Rs 140-148 per share.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.