Effwa Infra and Research IPO will open for subscription from 05 July 2024. The company aims for an issue size of ₹51.27 Cr through this IPO.
Company Overview
| Full name | Effwa Infra & Research Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.effwa.co.in/ |
About Company
Effwa Infra & Research specializes in engineering, consultancy, procurement, and construction, delivering comprehensive project management services. Their expertise spans water pollution control, sewage and industrial effluent treatment, solid waste management and disposal, ventilation systems, hazardous waste management, and water treatment plants.
Effwa Infra & Research excels in end-to-end project management solutions for environmental preservation. Their focus is on promoting eco-friendly waste processing practices, including managing Effluent Treatment Plants (ETP), Sewage Treatment and Reclamation (STP), Water Treatment and Distribution (WTP), and Hazardous Waste Management. Effwa Infra & Research operates both domestically and internationally, covering eight states and a Special Economic Zone. Their reach extends to Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, and Rajasthan. The Special Economic Zone includes Adani Port, based on their sales operations.
As of 31 March 2024, the company has completed over 45 water management infrastructure projects. Their diverse clientele includes public sector undertakings (PSUs), municipal corporations, state governments, and private enterprises. As of the same date, Effwa Infra employed a workforce of approximately 118 people, including 90 qualified engineers.
The Objectives of the Issue
- Funding working capital requirements of the company;
- Funding of capital expenditure requirements of the company towards the purchase of new office Equipment; and
- General corporate purposes.
Effwa Infra and Research IPO Timetable
| IPO Opening date | 05 July 2024 |
| IPO Closing | 09 July 2024 |
| Basis of Allotment | 10 July 2024 |
| Initiation Refund | 11 July 2024 |
| Credit to Demat Account | 11 July 2024 |
| Listing Date | 12 July 2024 |
Effwa Infra and Research IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹51.27 Cr – 6,252,800 shares |
| Fresh Issue | ₹43.60 Cr – 5,316,800 shares |
| Offer for sale | ₹7.68 Cr – 936,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹78 to ₹82 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 324,800 shares |
| Shareholding pre-issue | 17,830,367 |
| Shareholding post-issue | 23,147,167 |
| Listing Exchange | NSE SME |
Effwa Infra and Research IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
Effwa Infra and Research Offer Documents
Effwa Infra and Research IPO Reservation Details
| 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 Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 104.37 | 115.10 | 145.16 |
| Expenses | 98.56 | 108.39 | 126.70 |
| Net income | 4.60 | 5.13 | 13.80 |
Effwa Infra and Research Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.58 | 2.88 | 7.74 |
| PE ratio | – | – | 10.08 – 10.59 |
| RONW (%) | 24.96 | 21.78 | 37.15 |
| NAV | 10.34 | 13.21 | 20.84 |
| ROCE (%) | 24.76 | 22.89 | 40.99 |
| EBITDA (%) | 6.81 | 7.91 | 14.46 |
| Debt/Equity | 0.56 | 0.69 | 0.38 |
Company Promoters
- Dr. Varsha Subhash Kamal
- Mr. Subhash Ramavtar Kamal
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.99% |
Effwa Infra and Research Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 July 2024 | 115 | – | 1,37,000 |
| 9 July 2024 | 115 | – | 1,37,000 |
| 8 July 2024 | 83 | – | 1,02,500 |
| 6 July 2024 | 78 | – | 97,500 |
| 5 July 2024 | 75 | – | 95,000 |
| 4 July 2024 | 75 | – | 94,000 |
| 3 July 2024 | 60 | – | 75,000 |
Effwa Infra and Research Offer Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,68,000 | 9,20,000 | 20,91,200 | 41,79,200 |
| 9 Jul 2024 | 166.56 | 477.63 | 323.81 | 313.73 |
| 8 Jul 2024 | 0.36 | 42.42 | 89.33 | 54.14 |
| 5 Jul 2024 | 0.00 | 10.55 | 29.22 | 16.95 |
Effwa Infra and Research IPO Allotment Status
Effwa Infra IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Effwa Infra and Research IPO Listing Details
| Listing Date | 12 July 2024 |
| BSE Scrip Code | – |
| NSE Symbol | EFFWA |
| ISIN | INE0U9101019 |
| Final Issue Price | ₹82 per share |
Effwa Infra and Research IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹82.00 |
| Open | ₹155.80 |
| Low | ₹155.80 |
| High | ₹163.55 |
| Last Trade | ₹163.55 |
Effwa Infra and Research IPO Lead Manager(s)
SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
Effwa Infra and Research Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Effwa Infra and Research Contact Details
EFFWA INFRA & RESEARCH LIMITED
G. No. 7, Vardhman Industrial Complex,
Lal Bahadur Shastri Marg, Gokul Nagar,
Thane West, Thane – 400601, Maharashtra
Phone: +91 9833850052
E-mail: investor@effwa.co.in
Website: www.effwa.co.in
Effwa Infra and Research IPO FAQs
What is the Effwa Infra offer size?
Effwa Infra offer size is ₹ 48.77 – 51.27 crores.
What is the Effwa Infra offer price band?
Effwa Infra public offer price is ₹ 78 – 82 per share.
What is the lot size of the Effwa Infra IPO?
Effwa Infra offer a lot size is 1,600 shares.
What is Effwa Infra IPO GMP today?
Effwa Infra IPO GMP today is ₹ 115 per share.
What is the Effwa Infra kostak rate today?
Effwa Infra kostak rate today is ₹ NA per application.
What is Effwa Infra Subject to the Sauda rate today?
Effwa Infra is Subject to the Sauda rate today is ₹ 1,37,000 per application.
Final thoughts
Effwa Infra and Research IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
