The Effwa Infra and Research IPO, which was open between July 5 and July 9, received a whopping 313.65 times subscription on the final day of bidding on Tuesday. Now, the IPO allotment is expected to be finalised today, Wednesday, July 9. Once the Effwa Infra and Research IPO is allotted, investors will start receiving the bank debit message, probably in the evening. The investors can check IPO allotment status on registrar Bigshare Services Ltd’s portal.

On the final day of bidding on July 9, the Rs 51.27-crore IPO received bids for 1,31,07,95,200 shares as against 41,79,200 shares on offer, thus getting 313.65 times subscription.

Once the IPO allotment is finalised today, Effwa Infra and Research’s shares will likely be listed on the NSE SME on July 12.

Effwa Infra and Research IPO: How To Check Allotment Status

Once the IPO is allotted, the status can be checked by following these steps:

Step 1: Visit Bigshare Services Pvt Ltd’s portal.

Step 2: Select IPO Name ‘Effwa Infra and Research Limited’ from the drop-down menu.

Step 3: In the ‘Selection Type’ drop-down, choose any one among — ‘application number/ CAF number’, ‘beneficiary ID’ or ‘PAN number’.

Step 4: Enter PAN number, application number or beneficiary ID.

Step 5: Enter Captcha

Step 6: Click on ‘Search’ Button

Now, your Effwa Infra and Research IPO allotment status will be displayed on the screen.

Effwa Infra and Research IPO GMP Today

According to market observers, unlisted shares of Effwa Infra and Research Ltd are trading Rs 120 higher in the grey market as compared with its issue price. The Rs 120 grey market premium or GMP means the grey market is expecting a 146.95 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Effwa Infra and Research IPO: More Details

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

On the final day of bidding of the Effwa Infra and Research IPO on July 9, the quota for non-institutional investors received 477.27 times subscription, while retail individual investors (RIIs) portion got subscribed 323.81 times. The qualified institutional buyer (QIB) category got 166.56 times subscription.

Investors needed to apply for a minimum of 1,600 equity shares and in multiples thereof. Hence, the minimum investment by retail investors would be Rs 1,31,200 [1,600 (lot size) x Rs 82 (upper price band)].

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.

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.

Effwa Infra & Research Limited’s revenue rose 26.08 per cent and its profit after tax (PAT) increased 169 per cent during the financial year 2023-24.