Enviro Infra IPO subscribed 89.90 times

Enviro Infra Engineers’ IPO saw massive oversubscription, closing at 89.90 times the initial offering. Strong demand came from institutional and non-institutional investors, with subscriptions at 157.05 and 153.80 times respectively. Retail investors also showed interest, subscribing 24.48 times. The company raised Rs 195 crore from anchor investors, with the IPO aiming to garner Rs 650 crore.