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Effwa Infra & Research Limited IPO (Effwa Infra and Research IPO) Detail

July 5, 2024 - July 9, 2024

Effwa Infra and Research IPO is a book built issue of Rs 51.27 crores. The issue is a combination of fresh issue of 53.17 lakh shares aggregating to Rs 43.60 crores and offer for sale of 9.36 lakh shares aggregating to Rs 7.68 crores.

Effwa Infra and Research IPO bidding started from July 5, 2024 and ended on July 9, 2024. The allotment for Effwa Infra and Research IPO was finalized on Wednesday, July 10, 2024. The shares got listed on NSE SME on July 12, 2024.

Effwa Infra and Research IPO price band is set at ₹78 to ₹82 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400.

Shreni Shares Limited is the book running lead manager of the Effwa Infra and Research IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Effwa Infra and Research IPO is Rikhav Securities.

Refer to Effwa Infra and Research IPO RHP for detailed information.

Effwa Infra and Research IPO Details

IPO Date July 5, 2024 to July 9, 2024
Listing Date July 12, 2024
Face Value ₹10 per share
Price Band ₹78 to ₹82 per share
Lot Size 1600 Shares
Total Issue Size6,252,800 shares
(aggregating up to ₹51.27 Cr)
Fresh Issue5,316,800 shares
(aggregating up to ₹43.60 Cr)
Offer for Sale936,000 shares of ₹10
(aggregating up to ₹7.68 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue17,830,367
Share holding post issue23,147,167
Market Maker portion324,800 shares
Rikhav Securities

Effwa Infra and Research IPO Reservation

Effwa Infra and Research IPO offers 6,252,800 shares. 1,168,000 (18.68%) to QIB, 920,000 (14.71%) to NII, 2,091,200 (33.44%) to RII and 1,748,800 (27.97%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,748,800 (27.97%)
Market Maker Shares Offered324,800 (5.19%)
QIB Shares Offered1,168,000 (18.68%)
NII (HNI) Shares Offered920,000 (14.71%)
Retail Shares Offered2,091,200 (33.44%)
Total Shares Offered6,252,800 (100%)

Effwa Infra and Research IPO Anchor Investors Details

Effwa Infra and Research IPO raises Rs 14.34 crore from anchor investors. Effwa Infra and Research IPO Anchor bid date is July 4, 2024. Effwa Infra and Research IPO Anchor Investors list

Bid Date July 4, 2024
Shares Offered 1,748,800
Anchor Portion Size (In Cr.) 14.34
Anchor lock-in period end date for 50% shares (30 Days) August 9, 2024
Anchor lock-in period end date for remaining shares (90 Days) October 8, 2024

Effwa Infra and Research IPO Timeline (Tentative Schedule)

Effwa Infra and Research IPO opens on July 5, 2024, and closes on July 9, 2024.

IPO Open Date Friday, July 5, 2024
IPO Close Date Tuesday, July 9, 2024
Basis of Allotment Wednesday, July 10, 2024
Initiation of Refunds Thursday, July 11, 2024
Credit of Shares to Demat Thursday, July 11, 2024
Listing Date Friday, July 12, 2024
Cut-off time for UPI mandate confirmation 5 PM on July 9, 2024

Effwa Infra and Research IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹131,200
Retail (Max) 1 1600 ₹131,200
HNI (Min) 2 3,200 ₹262,400
Lot Size Calculator

Effwa Infra and Research IPO Promoter Holding

Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal are the company's promoters.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 72.99%

About Effwa Infra & Research Limited

Effwa Infra & Research Limited was founded in 2014 and provides engineering, consulting, procurement, construction and integrated project management services in the field of water pollution control, covering wastewater and industrial effluent treatment, solid waste treatment and disposal, aeration systems, hazardous waste management and water treatment plants.

In addition, the company offers project organization, management, procurement, financing, and implementation as a consultant and expert. The focus is on ensuring environmentally friendly waste processing practices, including the management of Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP) and Hazardous Waste Management.

Infrastructure for the water management project includes design of the project, construction and procurement of raw materials including installation of wells including pump houses, laying of pipelines, electro-mechanical works, execution on site with overall project management till commissioning of the projects.

The company offers its services in the states of Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh and Rajasthan as well as in the Special Economic Zone, which includes Adani Ports, and in the international market.

As of March 31, 2024, the company has successfully completed over 45 water management infrastructure projects for public sector undertakings, municipal corporations, states, and private companies.

As of March 31, 2024, the company employed over 118 people, including 12 engineers in the areas of planning, design, and construction of wastewater treatment and recycling systems with a focus on zero discharge systems with transport systems for secondary treated wastewater and fresh water and 76 engineers in the areas of civil, mechanical and electrical engineering, instrumentation and automation, piping and safety and quality control.

Effwa Infra & Research Limited Financial Information (Restated)

Effwa Infra & Research Limited's revenue increased by 26.08% and profit after tax (PAT) rose by 169% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets8,302.836,478.544,648.21
Revenue14,551.4611,541.3610,461.67
Profit After Tax1,380.06513.04459.99
Net Worth3,715.052,355.891,842.85
Reserves and Surplus1,932.012,123.321,610.28
Total Borrowing1,406.441,623.011,026.11
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Effwa Infra and Research IPO is Rs 189.81 Cr.

KPI as of March 31, 2024.

KPI Values
ROE45.46%
ROCE40.99%
Debt/Equity0.38
RoNW37.15%
P/BV3.93
PAT Margin (%)9.51
Pre IPO Post IPO
EPS (Rs) 7.745.96
P/E (x) 10.5913.75
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Effwa Infra and Research IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:

  1. Funding working capital requirements of the company;
  2. Funding of capital expenditure requirements of the company towards the purchase of new office Equipment; and
  3. General corporate purposes.

Effwa Infra and Research IPO Review (May apply)

[Dilip Davda]  EIRL is engaged in EPC, and project management works related to water pollution and sewage related services. The segment is highly competitive and fragmented. The sudden boost in bottom lines for FY24 raise eyebrows and concern over its sustainability. Based on such super earnings of FY24, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...


Effwa Infra and Research IPO Subscription Status (Bidding Detail)

The Effwa Infra and Research IPO is subscribed 313.65 times on July 9, 2024 6:19:05 PM. The public issue subscribed 323.81 times in the retail category, 166.56 times in the QIB category, and 477.27 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB166.56
NII477.27
Retail323.81
Total313.65

Total Application : 461,456 (353.07 times)

Effwa Infra and Research IPO Prospectus

Effwa Infra and Research IPO Rating

7
4.3
Rating:Rated 4.3 stars
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Effwa Infra and Research IPO Listing Details

Listing Date July 12, 2024
BSE Script Code
NSE Symbol EFFWA
ISIN INE0U9101019
Final Issue Price ₹82 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹82.00
₹155.80
₹155.80
₹163.55
₹163.55

Check IPO Performance…

Effwa Infra & Research Limited Contact Details

Effwa Infra & Research Limited
G. No. 7, Vardhman Industrial Complex,
Lal Bahadur Shastri Marg, Gokul Nagar,
Thane West, Thane – 400601
Phone: + 91 9833850052
Email: investor@effwa.co.in
Website: https://www.effwa.co.in/

Effwa Infra and Research IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Effwa Infra and Research IPO - Buy or Not

Effwa Infra and Research IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Effwa Infra and Research IPO FAQs

Effwa Infra and Research IPO is a SME IPO of 6,252,800 equity shares of the face value of ₹10 aggregating up to ₹51.27 Crores. The issue is priced at ₹78 to ₹82 per share. The minimum order quantity is 1600 Shares.

The IPO opens on July 5, 2024, and closes on July 9, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Effwa Infra and Research IPO using UPI as a payment gateway. Zerodha customers can apply in Effwa Infra and Research IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Effwa Infra and Research IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Effwa Infra and Research IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Effwa Infra and Research IPO opens on July 5, 2024 and closes on July 9, 2024.

Effwa Infra and Research IPO lot size is 1600 Shares, and the minimum amount required is ₹131,200.

You can apply in Effwa Infra and Research IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Effwa Infra and Research IPO will be done on Wednesday, July 10, 2024, and the allotted shares will be credited to your demat account by Thursday, July 11, 2024. Check the Effwa Infra and Research IPO allotment status.

The Effwa Infra and Research IPO listing date is on July 12, 2024.
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