Effwa Infra IPO GMP today shot up on Tuesday ahead of day three of the Rs 51 crore public issue. Effwa Infra IPO retail subscription status was full multifold by the end of day two on Monday.
Effwa Infra IPO retail subscription status stood at 90X allotted size. (Photo Credit: X-@effwa & Getty Images)
New Delhi: The Effwa Infra IPO has been doing rather well as is reflected in its soaring subscription. The Rs 51 crore Effwa Infra SME IPO closing date is Tuesday, July 09, 2024. Effwa Infra IPO GMP today shot up on last day of the three-day bidding process. Effwa Infra IPO subscription status was also full multifold by the end of day two on Monday.
Effwa Infra IPO GMP today jumped to Rs 120, according to InvestorGain! Effwa Infra IPO price band of Rs 78-82 and the stock’s latest premium in the grey market indicate the possibility Effwa Infra IPO listing price of Rs 201 on NSE SME on Friday. Albeit, GMP or Grey Market Premium cannot be considered an official figure!
Effwa Infra IPO subscription status reached 54 times by the end of day two of the stake sale process on Monday. While, Effwa Infra IPO retail subscription status stood at massive 90X. And, Effwa Infra IPO QIB subscription status reached 36 per cent by the end of day two. Effwa Infra IPO NII subscription status stood at 42 times its allotted size.
The Effwa Infra IPO allotment date is Wednesday, July 10. While, IPO allottees will get credit of shares in demat account on subsequent day which also marks initiation of refund process. While, Effwa Infra IPO listing date is July 12.
Those who haven’t yet participated in the bidding process but want to should know that retail investors will have to invest minimum of Rs 1.24 to participate in the subscription. Effwa Infra IPO lot size is 1600 Shares.
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The water treatment and distribution company, Effwa Infra & Research Limited reported sound fundamentals in financial year 2024. The company’s revenue grew 26 per cent year-on-year (YoY) to Rs 145.51 crore in the refernce fiscal. While, its PAT has more than doubled to Rs 13.80 crore during the same period.
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