Shares of Enviro Infra Engineers, a company specializing in water purification and sewerage systems, are in high demand. On Tuesday, the stock surged 19% to reach ₹263.90, marking its 52-week high.
By the end of the day, it settled at ₹257.90, a 15.83% increase. Enviro Infra Engineers recently entered the stock market through its IPO, with an issue price set at ₹140-148 per share.
The stock is currently trading 78% higher than its issue price.
Listed at a 40% Premium
Enviro Infra Engineers made its market debut last Friday in November with a strong listing. The shares closed with a gain of about 40% from their issue price of ₹148.
On the BSE, the stock opened at ₹218, reflecting a 47.29% rise, and peaked at ₹233.50, a 57.77% increase.
It eventually closed at ₹207, a 39.86% gain. Similarly, on the NSE, it opened at ₹220, showing a 48.64% rise, and closed with a 39.97% increase.
Shareholding and Company Performance
Veteran investor Mukul Mahavir Agarwal holds a 1.03% stake in the company, amounting to 1.8 million equity shares. Enviro Infra Engineers focuses on designing, building,
and maintaining water and wastewater treatment plants (WWTP) and water supply scheme projects (WSSP) for government clients.
The company’s order book has grown significantly, rising 42% from ₹1,496.7 crore in FY 2022-23 to ₹2,125.6 crore in FY 2024. As of June 2024, it held an order book of ₹1,906.3 crore.
Company’s Growth and Shareholding Details
Mukul Mahavir Agarwal, a veteran investor, holds a 1.03% stake in Enviro Infra Engineers, with 1.8 million equity shares. The company is involved in designing, constructing, and maintaining water
and wastewater treatment plants and water supply schemes for government projects in India.
The company’s order book has grown significantly, rising by 42% from Rs 1496.7 crore in FY 2022-23 to Rs 2125.6 crore in FY 2024. As of June 2024, the order book stood at Rs 1906.3 crore.
