Effwa Infra & Research IPO GMP today has soared as high as Rs 60. Effwa Infra & Research IPO subscription is slated for July 5, 2024.
Even before the arrival of the subscription period, Effwa Infra & Research IPO GMP today has jumped high. Check when is Effwa Infra & Research IPO subscription. (Pixabay)
In a notable development, Effwa Infra & Research IPO GMP today is doing well. A huge number of initial public offers have hit the stock markets and almost all of them have done exceedingly well. While for promoters that is absolutely fantastic news, for investors in these IPOs it has brought tremendous profit and much joy too. However, having said that, there is no doubt that some of these IPOs hicupped and did not deliver the kind of bang for the buck that investors were expecting. One such IPO was Allied Blenders. But it was an outlier, in the sea of success. Even then it still managed to list with 13% gains. And now, coming up is another IPO that is getting some traction. The company is Effwa Infra & Research. And it has been making some big movements ahead of coming up for subscription and investors should check Effwa Infra & Research IPO GMP today and keep a close eye on it going forward.
The company is in the water pollution control and allied businesses. It includes sewage and industrial effluent treatment, solid waste treatment and disposal, hazardous waste management, and water treatment plants.
Effwa Infra & Research IPO GMP today is Rs 60 and the expected return is gauged at 73%, according to IPOWatch. GMP or Grey Market Premium has no official sanction and serves merely as a suggestion and one of the many things investors should focus on.
The GMP is rising even as Effwa Infra & Research IPO subscription date is yet to arrive. However, it is coming up soon. Effwa Infra & Research IPO subscription date has been scheduled for July 5.
Effwa Infra & Research IPO size is just Rs 51.27 crore and the price band has been fixed at Rs 78 to Rs 82.
Effwa Infra & Research IPO allotment date is June 10 for the successful investors and the same goes for refund process.
After the allotment process is over, the successful allottees would be eyeing Effwa Infra & Research IPO listing date, which is expected to be June 15.
Those who want to bid for the issue should know that Effwa Infra & Research IPO lot is 1600 Shares.
