Effwa Infra & Research Limited IPO
- IPO Date05 Jul, 2024 to 09 Jul, 2024
- Listing Date12 Jul, 2024
- Face Value₹10 per share
- Issue Price₹78 to ₹82 per share
- Lot Size1600 Shares
- Minimum Investment₹1,31,200
- Listing AtNSE SME
- Total Issue Size62,52,800 Shares
(aggregating up to ₹51.27 Cr) - Fresh Issue53,16,800 Shares
(aggregating up to ₹43.60 Cr)
- Offer for Sale9,36,000 Shares
(aggregating up to ₹7.68 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,78,30,367
- Shareholding post issue2,31,47,167
IPO Dates
Closing Date
09 Jul, 2024
Initiation of Refunds
11 Jul, 2024
Listing Date
12 Jul, 2024
05 Jul, 2024
Opening Date
10 Jul, 2024
Basis of Allotment
11 Jul, 2024
Credit of Shares
Effwa Infra & Research Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,31,200 |
| S-HNI (Min) | 2 | 3200 | ₹2,62,400 |
| Retail (Min) | 1 | 1600 | ₹1,31,200 |
| B-HNI (Min) | - | - | - |
Effwa Infra & Research Limited Promoter Holding
Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | 72.99% |
Effwa Infra & Research Limited COMPANY INFORMATION
Effwa Infra and Research IPO is a book built issue of Rs 51.27 crores. The issue is a combination of fresh issue of 53.17 lakh shares aggregating to Rs 43.60 crores and offer for sale of 9.36 lakh shares aggregating to Rs 7.68 crores. Effwa Infra and Research IPO opens for subscription on July 5, 2024 and closes on July 9, 2024. The allotment for the Effwa Infra and Research IPO is expected to be finalized on Wednesday, July 10, 2024. Effwa Infra and Research IPO will list on NSE SME with tentative listing date fixed as Friday, July 12, 2024. Effwa Infra and Research IPO price band is set at ₹78 to ₹82 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400. Shreni Shares Limited is the book running lead manager of the Effwa Infra and Research IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Effwa Infra and Research IPO is Rikhav Securities. Refer to Effwa Infra and Research IPO RHP for detailed information.
Effwa Infra & Research Limited was founded in 2014 and provides engineering, consulting, procurement, construction and integrated project management services in the field of water pollution control, covering wastewater and industrial effluent treatment, solid waste treatment and disposal, aeration systems, hazardous waste management and water treatment plants.
In addition, the company offers project organization, management, procurement, financing, and implementation as a consultant and expert. The focus is on ensuring environmentally friendly waste processing practices, including the management of Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP) and Hazardous Waste Management.
Infrastructure for the water management project includes design of the project, construction and procurement of raw materials including installation of wells including pump houses, laying of pipelines, electro-mechanical works, execution on site with overall project management till commissioning of the projects.
The company offers its services in the states of Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh and Rajasthan as well as in the Special Economic Zone, which includes Adani Ports, and in the international market.
As of March 31, 2024, the company has successfully completed over 45 water management infrastructure projects for public sector undertakings, municipal corporations, states, and private companies.
As of March 31, 2024, the company employed over 118 people, including 12 engineers in the areas of planning, design, and construction of wastewater treatment and recycling systems with a focus on zero discharge systems with transport systems for secondary treated wastewater and fresh water and 76 engineers in the areas of civil, mechanical and electrical engineering, instrumentation and automation, piping and safety and quality control.
Analysis of Effwa Infra & Research Limited IPO
Introduction to Effwa Infra & Research Limited
Effwa Infra & Research Limited (EIRL) is a pioneering company in the environmental engineering sector. Established as a private entity in 2014, it has now transitioned to a public limited company, preparing for its Initial Public Offering (IPO). The company's primary focus is on providing sustainable environmental solutions, including waste management, water treatment, and pollution control.
Financial Performance and Growth
Consistent Financial Growth
EIRL has demonstrated consistent financial growth over the years. The company's revenue and profitability metrics show a positive trend, indicating robust management and operational efficiency.
Strategic Use of IPO Proceeds
The funds raised from the IPO will be strategically used for business expansion and to meet working capital requirements. This strategic allocation is expected to enhance the company's market position and drive future growth.
Promoters and Management
Experienced Leadership
The promoters, Mr. Subhash Ramavtar Kamal and Dr. Varsha Subhash Kamal, bring extensive experience and a proven track record in the environmental engineering sector. Their leadership is a significant asset to the company.
Market Position and Opportunities
Strong Market Presence
EIRL has established itself as a reputable player in the environmental engineering sector. The company's focus on sustainable solutions aligns with global environmental concerns, providing significant growth opportunities.
Potential for Growth
With the increasing emphasis on sustainability and environmental protection, EIRL is well-positioned to capitalize on these trends. The company's expertise and strategic initiatives are expected to drive substantial growth in the coming years.
Risks and Challenges
Regulatory and Market Risks
The environmental engineering sector is subject to stringent regulatory controls and policies, which can impact business operations. Additionally, the company faces significant competition from both domestic and international players.
Economic Sensitivity
The company's performance is sensitive to broader economic conditions, which can affect project funding and execution. Despite these challenges, EIRL's strategic initiatives and experienced management are expected to navigate these risks effectively.
Conclusion
Effwa Infra & Research Limited's IPO presents a promising opportunity for investors, with its strong market position, consistent financial growth, and strategic use of funds. However, potential investors should consider the regulatory and market risks associated with the environmental engineering sector.
FAQs About Effwa Infra Research Limited Ipo
Effwa Infra & Research Limited IPO will open on 05 Jul, 2024 and close on 09 Jul, 2024. Investors must apply within this period to participate.
The Effwa Infra & Research Limited IPO price band is set between ₹78.00 and ₹82.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹131200.00.
The Effwa Infra & Research Limited IPO shares are expected to be listed on 12 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Effwa Infra & Research Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Effwa Infra & Research Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.