Enviro Infra Shares Jump 40%

New Delhi: Shares of sewage treatment solutions provider Enviro Infra Engineers Ltd ended with a premium of nearly 40 per cent against the issue price of Rs 148 on Friday. The stock started the trade at Rs 218, a jump of 47.29 per cent from the issue price on the BSE. During the day, it soared 57.77 per cent to Rs 233.50. Shares of the firm ended at Rs 207, rallying 39.86 per cent. At the NSE, the stock listed at Rs 220, surged 48.64 per cent. It ended 39.97 per cent higher at Rs 207.16. The company’s market valuation stood at Rs 3,633.47 crore. In traded volume terms, 45.06 lakh shares of the firm were traded at the BSE and 554.10 lakh shares on the NSE during the day. The Rs 650-crore initial public offering (IPO) of Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday. The initial share sale had a price range of Rs 140-148 apiece. The company’s IPO had a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters.