Effwa Infra & Research Limited IPO Review: Opening Date, GMP & Subscription Status

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Effwa Infra & Research Limited IPO: Detailed Analysis and Guide

Introduction

Effwa Infra & Research Limited is set to launch its Initial Public Offering (IPO) from July 5, 2024, to July 9, 2024. This blog provides a detailed analysis of the IPO, including the company's background, financial performance, and key IPO details.

Company Overview

Effwa Infra & Research Limited was established in 2014 and operates in the infrastructure and research sector. The company specializes in providing innovative solutions and services across various segments, including water treatment, waste management, and infrastructure development.

Effwa Infra & Research IPO Timeline

The IPO timeline for Effwa Infra & Research Limited is as follows:

  • IPO Open Date: Friday, July 5, 2024
  • IPO Close Date: Tuesday, July 9, 2024
  • Basis of Allotment: Wednesday, July 10, 2024
  • Initiation of Refunds: Thursday, July 11, 2024
  • Credit of Shares to Demat: Thursday, July 11, 2024
  • Listing Date: Friday, July 12, 2024
  • Cut-off time for UPI mandate confirmation: 5 PM on July 9, 2024

IPO Details

  • IPO Dates: July 5, 2024, to July 9, 2024
  • Listing Date: July 12, 2024
  • Face Value: ₹10 per share
  • Price Band: ₹78 to ₹82 per share
  • Lot Size: 1600 Shares
  • Total Issue Size: 6,252,800 shares (aggregating up to ₹51.27 Cr)
  • Fresh Issue: 5,316,800 shares (aggregating up to ₹43.60 Cr)
  • Offer for Sale: 936,000 shares of ₹10 (aggregating up to ₹7.68 Cr)
  • Issue Type: Book Built Issue IPO
  • Listing At: NSE SME

Effwa Infra & Research Limited Financial Performance

Effwa Infra & Research Limited has shown consistent financial growth over recent years. Here’s a summary of their financial performance:

Financial Overview (₹ in Lakhs)

Financial Year Ended March 31, 2024 March 31, 2023 March 31, 2022
Total Assets 8,302.83 6,478.54 4,648.21
Total Revenue 14,551.46 11,541.36 10,461.67
Net Profit 1,380.06 513.04 459.99
Net Worth 3,715.05 2,355.89 1,842.85
Reserves & Surplus 1,932.01 2,123.32 1,610.28
Total Liabilities 1,406.44 1,623.01 1,026.11


Key Strengths

  1. Innovative Solutions: Effwa offers a wide range of innovative solutions in water treatment and waste management, catering to various industrial and municipal needs.
  2. Strong Client Base: The company has established a strong client base across different sectors, ensuring steady revenue streams.
  3. Experienced Management: The management team at Effwa has extensive experience in the infrastructure and research sector, driving the company’s growth and expansion.

Risks and Challenges

  1. Regulatory Risks: Changes in regulations related to infrastructure and environmental policies can impact the company’s operations.
  2. Market Competition: Effwa faces competition from both established players and new entrants in the infrastructure and research sector.
  3. Economic Conditions: The company's performance is influenced by economic conditions, which can affect project funding and execution.

Use of IPO Proceeds

The proceeds from the IPO will be utilized for:

  1. Expansion Plans: Expanding operational capacities and enhancing service offerings.
  2. Debt Repayment: Reducing existing debt to improve financial stability.
  3. General Corporate Purposes: Meeting general corporate expenses and requirements.

Effwa Infra & Research IPO GMP & Subscription Stats

Stay updated with the latest information on the Effwa Infra & Research Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening.

Grey Market Premium (GMP)

Date GMP (₹)
Today ₹120.5
8 July ₹105
6 July ₹90
5 July ₹90
01 July ₹58

Subscription Status [Times]

Date QIBs NIIs Retail Investors Total Subscription
July 5, 2024 0.00 10.55 29.25 16.96
July 6, 2024 0.00 10.66 30.03 17.37
July 8, 2024 0.00 23.66 49.47 29.96
July 9, 2024 166.56 477.27 323.81 313.65

This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions. Keep an eye on this space for real-time updates!


How To Get/Claim:


How to Apply

Investors can apply for the Effwa Infra & Research Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.

Conclusion

The Effwa Infra & Research Limited IPO presents a promising opportunity for investors, given the company’s innovative solutions, strong client base, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.

For more details, refer to the DRHP of Effwa Infra & Research Limited.


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