Enviro Infra Engineers plans to raise Rs 650 crore through an IPO. The funds will be used for project funding, debt repayment, and working capital. The company has a strong order book and in-house capabilities. While it has negative OCF, this is expected to improve with project execution. The government's focus on water infrastructure provides a positive outlook for the company.
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Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription.
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NSE Investments will sell up to 20.31% stake in Protean eGov Technologies via an OFS. The floor price is set at Rs 1,550. The OFS will open for non-retail investors on Friday and for retail investors on Monday. NSE Investments is a wholly-owned subsidiary of NSE.
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23.11 | Three years after losing casino bid, Matteson still seeks developer, completes acquisition of Lincoln Mall property |
23.11 | D-Street experts hail BJP alliance's emphatic Maharashtra victory, see policy continuity in state |
23.11 | Goldman Sachs sees buying opportunity in oversold stocks. Trent, Shriram Finance are among 10 top buys |
23.11 | FPIs net sell domestic equities worth Rs 26,533 crore in November so far |
23.11 | Block deals worth over Rs 8,228 crore this week; TCS, ICICI Bank, Power Grid lead the action |
23.11 | Zomato shareholders approve Rs 8,500 crore QIP plan |
23.11 | F&O Talk| Markets lack follow-through, cautious optimism amid uncertain momentum: Sahaj Agrawal of Kotak Securities |
23.11 | Concurrent Gainers: 10 midcap stocks that gain for 5 days in a row |
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