Enviro Infra Engineers Stock Price: Recently listed Enviro Infra Engineers Ltd’s (NSE: EIEL) share rose by 10 percent (5 days) on December 16 and the price reached a record high.
The company’s board of directors is scheduled to meet on the 18th of December. At this meeting, financial results for the July-September 2024 quarter and April-September 2024 half-year will be approved.
Enviro Infra Engineers Ltd designs builds, operates, and manages wastewater and water treatment facilities and water supply schemes for bodies and government agencies. In the past seven years, the company has completed 28 of these projects in India.
Enviro Infra Engineers Ltd’s stock opened with a gain of Rs 305.80 on BSE in the morning. After this, it went up to a high of Rs 324 with a jump of about 10 percent from the previous close price.
This is the record-breaking high for the stock thus far. The market capitalization of the company is around 5520 crore rupees.
Enviro Infra Engineers’ IPO Was Subscribed 90 Times
The company’s IPO came in November this year and was subscribed almost 90 times. The shares were traded on BSE and NSE on November 29th.
The stock was listed on BSE at Rs 218 with a 47.30 percent premium to the IPO price of Rs 148 and on NSE at Rs 220 with a 48.64 percent premium.
Its closing value on BSE on the day of listing is 207 rupees. Since then, the stock has strengthened by more than 40 percent. The price of the product has increased by 24 % within one week.
Enviro Infra Engineers Ltd’s net profit increased to Rs 110.5 crore in FY 2024, up 101% from Rs 55 crore in FY 2023. The company’s revenue during the period grew by 115.6% from Rs 338.1 crore to Rs 728.9 crore.
Quick Fact
| Company name | Enviro Infra Engineers |
|---|---|
| Business area | Wastewater & water treatment |
| Services provided | Design, build, operate, manage |
| Clients | Bodies & government agencies |
| Projects completed | 28 in 7 years |
| Recent stock increase | 10% (5 days) |
| Record stock price (11 am) | ₹324 |
| Market capitalization | ₹5520 crore |
| IPO subscription | 90 times |
| IPO price | ₹148 |
| IPO listing price | ₹218 on BSE |
| IPO listing premium | 47.30% |
| 1-week price increase | 24% |
| FY 2024 net profit | ₹110.5 crore |
| FY 2023 net profit | ₹55 crore |
| Net profit growth | 101% |
| FY 2024 revenue | ₹728.9 crore |
| FY 2023 revenue | ₹338.1 crore |
| Revenue growth | 115.6% |
| Upcoming board meeting | December 18 |
| Meeting purpose | Approve financial results |
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