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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.
| 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 Size | 6,252,800 shares (aggregating up to ₹51.27 Cr) |
| Fresh Issue | 5,316,800 shares (aggregating up to ₹43.60 Cr) |
| Offer for Sale | 936,000 shares of ₹10 (aggregating up to ₹7.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,830,367 |
| Share holding post issue | 23,147,167 |
| Market Maker portion | 324,800 shares Rikhav Securities |
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 Offered | 1,748,800 (27.97%) |
| Market Maker Shares Offered | 324,800 (5.19%) |
| QIB Shares Offered | 1,168,000 (18.68%) |
| NII (HNI) Shares Offered | 920,000 (14.71%) |
| Retail Shares Offered | 2,091,200 (33.44%) |
| Total Shares Offered | 6,252,800 (100%) |
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 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 |
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 | |||
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% |
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'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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,302.83 | 6,478.54 | 4,648.21 |
| Revenue | 14,551.46 | 11,541.36 | 10,461.67 |
| Profit After Tax | 1,380.06 | 513.04 | 459.99 |
| Net Worth | 3,715.05 | 2,355.89 | 1,842.85 |
| Reserves and Surplus | 1,932.01 | 2,123.32 | 1,610.28 |
| Total Borrowing | 1,406.44 | 1,623.01 | 1,026.11 |
| Amount in ₹ Lakhs | |||
The market capitalization of Effwa Infra and Research IPO is Rs 189.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 45.46% |
| ROCE | 40.99% |
| Debt/Equity | 0.38 |
| RoNW | 37.15% |
| P/BV | 3.93 |
| PAT Margin (%) | 9.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.74 | 5.96 |
| P/E (x) | 10.59 | 13.75 |
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 166.56 |
| NII | 477.27 |
| Retail | 323.81 |
| Total | 313.65 |
Total Application : 461,456 (353.07 times)
| Listing Date | July 12, 2024 |
| BSE Script Code | |
| NSE Symbol | EFFWA |
| ISIN | INE0U9101019 |
| Final Issue Price | ₹82 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹82.00 |
| ₹155.80 |
| ₹155.80 |
| ₹163.55 |
| ₹163.55 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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