Effwa Infra and Research IPO
The initial public offering (IPO) of Effwa Infra and Research will open for subscription on July 05 and close on July 09, comprising fresh issues of Rs.43.60 and an offer of sale (OFS) of Rs.7.68 crore. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on July 12, 2024.
#1. Quick Intro to Effwa Infra and Research
Effwa Infra and Research Limited (2014) is engaged in the business of engineering, consultancy, procurement, construction and integrated project management services in water pollution control, encompassing sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management, and water treatment plants. The company also function as a consultant and advisor, providing a range of services encompassing project organization, management, equipment procurement, funding, and project execution. The expertise spans the entire project lifecycle, from registration and design to implementation, supervision, and finalizing contract terms.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Effwa Infra and Research
The company intends to use the IPO Funds for the following purposes:
- Funding capital expenditure towards the new office equipment
- Funding for working capital requirement
- General corporate purposes and issue expenses.
#3. Effwa Infra and Research Core Strengths
- Order Book
- Complete water solutions provider
- Established track records
- Use of advanced technologies in construction and installations
- Experienced promoters and management team
- Inhouse designing and execution team
#4. Effwa Infra and Research IPO Review & Rating
| Issue Size | Rs.51.27 crore |
| Issue Price | Rs.78-82 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (Latest) | Rs. 1380.6 Lakh |
| ROE | 45.46% |
| RONW (%) | 40.99% |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Effwa Infra and Research IPO Dates, Price Band & Details
Effwa Infra and Research IPO will open on July 5, 2024, and close on July 09, 2024. The IPO is to be listed on July 12, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.51.27 crore |
| Price Brand | Rs.78-82 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | July 05, 2024 |
| IPO Close Date | July 09, 2024 |
| IPO Allotment Date | July 10, 2024 |
| Refund Date | July 11, 2024 |
| Share Credit Date | July 11, 2024 |
| Listing Date | July 12, 2024 |
#6. Effwa Infra and Research IPO Offer Details
Effwa Infra and Research IPO’s total issue size is 62,52,800 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 53,16,800 | 43.60 |
| Offer for Sale (OFS) | 9,36,000 | 07.68 |
#7. Effwa Infra and Research Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 14551.46 | 11541.36 | 10,461.67 |
| Net Worth | 3715.05 | 2355.89 | 1842.85 |
| Profit | 1380.06 | 513.04 | 459.99 |
| Total Borrowings | 1406.44 | 1623.01 | 1026.11 |
#8. Effwa Infra and Research Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 7.74 | 2.88 | 2.58 |
| RoNW (%) | 37.15 | 21.78 | 24.96 |
| NAV (Rs.) | 20.84 | 13.21 | 10.34 |
#9. Effwa Infra and Research Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Cr.) |
RoNW (%) | NAV |
| VA Tech | – | 17.10 | 253.24 |
| EMS | – | 23.72 | 103.80 |
#10. Effwa Infra and Research Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Dr. Varsha Subhas Kamal |
| 02. | Subhash Ramavtar Kamal |
#11. Effwa Infra and Research Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 99.99 |
| Post-issue | 72.99 |
#12. Effwa Infra and Research IPO Reservation Details
Effwa Infra and Research IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not Less than 35% of the Net Offer |
| NII Shares Offered | Not Less than 15% of the Net Offer |
#13. Effwa Infra and Research IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 1,31,200 |
| Retail (Max.) | 1 | 1600 | 1,31,200 |
| HNI (Min.) | 2 | 3200 | 2,62,400 |
#14. Effwa Infra and Research IPO – Prospectus Copy
An investor can download/view the Effwa Infra and Research prospectus copy, which the company filed to exchange, details are as follows.
| Effwa Infra and Research IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Effwa Infra and Research IPO Registrar
Bigshare Services Private Limited
Website: www.bigshareonline.com
#16. Effwa Infra and Research IPO Lead Managers
Shreni Shares Limited
Website; www.shreni.in
#17. Effwa Infra and Research IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Effwa Infra and Research IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Effwa Infra and Research Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Effwa Infra and Research Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Effwa Infra and Research Company Details
Effwa Infra and Research Limited
Registered Office: G. No. 7, Vardhman Industrial Complex, Lal Bahadur Shastri Marg, Gokul Nagar, Thane West, Thane – 400601, Maharashtra, India
Email: investor@effwa.co.in
Website: www.effwa.co.in
Investor Grievances/Compliance Officer: D.H Mirani
#19. Effwa Infra and Research Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Effwa Infra and Research Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Dr. Varsha Subhas Kamal |
| 02. | Subhash Ramavtar Kamal |
Effwa Infra and Research IPO – Frequently Asked Questions (FAQs)
| #1. What is an Effwa Infra and Research IPO?
Effwa Infra and Research brings its IPO of Rs.51.27 crore, on July 05, 2024, with a price band of Rs.78-82 per share. |
| #2. What is the Effwa Infra and Research IPO Open date?
Effwa Infra and Research IPO’s opening date is July 05, 2024. |
| #3. What is the Effwa Infra and Research IPO Close Date?
Effwa Infra and Research IPO’s closing date is July 09, 2024. |
| #4. What is the Effwa Infra and Research IPO Listing date?
Effwa Infra and Research’s IPO listing date is July 12, 2024. |
| #5. What is the Effwa Infra and Research IPO Minimum investment amount?
Effwa Infra and Research IPO’s minimum investment amount is Rs. 1,31,200. |
| #6. What is the Effwa Infra and Research IPO offer issue Size?
Effwa Infra and Research offers an issue size of Rs.51.27 crore |
| #7. What is the Effwa Infra and Research IPO Price Band?
Effwa Infra and Research’s IPO price band is Rs.78-82 per share. |
| #8. Is Effwa Infra and Research IPO mainboard IPO or SME IPO?
Effwa Infra and Research IPO is an SME IPO. |
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