Enviro Infra IPO sees strong demand with 35 percent GMP surge

Enviro Infra Engineers' IPO has witnessed a significant surge, with the grey market premium (GMP) increasing by 35% on the second day of subscription.

The IPO has been oversubscribed by 8.01 times, indicating strong investor interest. Bids for the IPO have reached 24.67 crore shares against the 3.07 crore shares available.

The non-institutional investor segment has shown the highest demand, with a subscription of 20.37 times. Qualified institutional buyers (QIBs) have subscribed 2.05 times, while retail individual investors (RIIs) have subscribed 6.11 times.

The IPO, which focuses on water and wastewater treatment plants, has attracted attention from various investor categories since its launch.

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