Effwa Infra & Research Limited

05 Jul 2024 - 09 Jul 2024 Individual Category SME NSE

Min Investment

₹262400

Price Band

₹78-₹82

Issue Size

45.04 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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05 Jul 2024

Open Date

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09 Jul 2024

Close Date

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10 Jul 2024

Allotment Date

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12 Jul 2024

Listing Date

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.

Founded

2014

Managing Director

Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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