Effwa Infra & Research IPO: Check Important details before applying

Effwa Infra & Research has come up with an offering of a public issue. This Initial Public Offering (IPO) will consist of a fresh issue of 5,316,800 equity shares, and an offer for sale of 936,000 shares. The total aggregated size of the offer is 6,252,800 Equity shares. This new IPO is being made through a book-built issue type with a reservation of not less than 50% of the net issue being offered to qualified institutional buyers, retail investors being offered not less than 35% of the net issue, and not less than 15% of the net issue is reserved for HNI category. This IPO opens for subscription from July 5, 2024, till July 9, 2024, whereas the listing date is decided on July 12, 2024, and refund initiation for those who will not get allotted the share is on June 11, 2024. However, keep in mind that the public offering is proposed to be listed on the NSE exchange on an SME segment.

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About Effwa Infra & Research Limited

Effwa Infra & Research Limited, established in 2014, specializes in comprehensive water pollution control services, encompassing wastewater and industrial effluent treatment, solid waste management, aeration systems, and water treatment plants. The company excels in project organization, management, procurement, financing, and implementation, emphasizing eco-friendly waste processing practices. Their infrastructure projects involve design, construction, and raw material procurement, including well installation, pipeline laying, and electro-mechanical works. Operating across multiple Indian states and Special Economic Zones, Effwa has completed over 45 water management projects for various public and private entities as of March 31, 2024. The company's workforce of 118 includes specialized engineers in wastewater treatment, recycling systems, and various engineering disciplines, focusing on zero discharge systems and efficient water transport solutions.

Primary Objectives of Public Issue

The Company intends to use the Net Proceeds from the Fresh Offer to support various aspects of its operations and growth. These include funding the company's working capital requirements, financing capital expenditure for the acquisition of new office equipment, and addressing general corporate purposes. This allocation of funds aims to enhance the company's operational efficiency and facilitate its strategic objectives.

Financial Performance of Effwa Infra & Research Limited (Amount in Rs Lakhs)

The company’s revenue was reported to be Rs 145.51 Crore for the year ended March 2024, which shows a growth of 26.08%. The profit after tax improved to Rs 13.80 Crore, marking an increase of 168.99% for the year ended March 2024.

Essential Details of the Effwa Infra & Research Public Issue 2024

Effwa Infra & Research IPO Tentative Timeline  

Key Performance Indicator

What is the change in promoter holding for Effwa Infra & Research before and after the IPO?

The promoters of Effwa Infra & Research IPO are Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal. The promoters collectively held 99.99% of the company's shares. However, post-IPO, their combined shareholding decreased to 72.99%.

Lead Manager(s) of Effwa Infra & Research IPO 2024

The lead manager of Effwa Infra & Research IPO is Shreni Shares Limited.  

How to Apply for Effwa Infra & Research IPO 

The public issue will be open for subscription in a few days. You can click here to apply for the Effwa Infra & Research IPO with Bigul.

How to Check the Allotment Status of Effwa Infra & Research IPO 2024  

Bigshare Services Private Limited is the registrar for Effwa Infra & Research IPO. You can check your allotment status by clicking here.

FAQs   

1.  When is the IPO scheduled to open and close? 

Effwa Infra & Research IPO is scheduled to open for subscription from July 5, 2024, till July 9, 2024.  

2.  What will be the price band for the IPO?   

The Effwa Infra & Research IPO price band has not yet been disclosed.  

3.  What are the main objectives of this IPO?   

The Company intends to use the Net Proceeds from the Fresh Offer to support various aspects of its operations and growth. These include funding the company's working capital requirements, financing capital expenditure for the acquisition of new office equipment, and addressing general corporate purposes. This allocation of funds aims to enhance the company's operational efficiency and facilitate its strategic objectives.

4.  How has Effwa Infra & Research Limited performed financially?

The company’s revenue was reported to be Rs 145.51 crore for the year ended March 2023, which shows a growth of 26.08%. The profit after tax improved to Rs 13.80 Crore, marking an increase of 168.99% for the year ended March 2024.

5.  How can I apply for the Effwa Infra & Research IPO?   

Once the public issue is open for subscription, you can click here to apply for the Effwa Infra & Research IPO with Bigul.   

6.  How can I check the allotment status of the IPO? 

Bigshare Services Private Limited is the registrar for Effwa Infra & Research IPO. You can check your allotment status by clicking here.  

7.  Where will the IPO be listed?   

The IPO will be listed at the NSE SME segment (National Stock Exchange) (Small and Medium Enterprises).

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