Enviro Infra Engineers’ IPO opens today with a price band of Rs 140-148 per share. The issue includes a fresh equity sale and an offer for sale. The company plans to use the proceeds for working capital, subsidiary investment, and debt repayment. The IPO closes on November 26, with listing expected on November 29.
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This strength is underpinned by robust domestic demand, a sustained capex cycle, and relatively limited exposure to global shocks compared to developed markets.