Effwa Infra and Research IPO (Image Source: iStockphoto)
Effwa Infra and Research is launching an Initial Public Offering (IPO) worth Rs 51.27 crores, combining a fresh issue of 53.17 lakh shares totaling Rs 43.60 crores and an offer for sale of 9.36 lakh shares totaling Rs 7.68 crores.
Effwa Infra and Research IPO Subscription Window
Effwa Infra and Research IPO opened for subscription from July 5, 2024, closes today, July 9, 2024.
Effwa Infra and Research IPO Allotment And Listing Date
The allotment is expected to be finalized on July 10, 2024, with the company listing on the NSE SME on July 12, 2024.
Effwa Infra and Research IPO Price Band
The price band for the IPO is set between Rs 78 and Rs 82 per share. The minimum application size is 1600 shares, requiring a retail investment of Rs 131,200. High Net Worth Individuals (HNI) must invest in at least two lots (3,200 shares), amounting to Rs 262,400.
Effwa Infra and Research IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Effwa Infra and Research IPO are commanding a GMP in the price
range of Rs 60 – Rs 80 in the unlisted market.
Shreni Shares Limited is the book-running lead manager for the IPO, and Bigshare Services Pvt Ltd is the registrar. Rikhav Securities serves as the market maker.
Founded in 2014, Effwa Infra & Research Limited offers engineering, consulting, procurement, construction, and integrated project management services focusing on water pollution control. The company’s expertise includes wastewater and industrial effluent treatment, solid waste treatment and disposal, aeration systems, hazardous waste management, and water treatment plants.
The net proceeds from the fresh issue will be used for funding the company’s working capital requirements, capital expenditure for new office equipment, and general corporate purposes.
