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Effwa Infra IPO is a book build issue of ₹51.27 crores. The issue is a combination of fresh issue of 0.53 crore shares aggregating to ₹43.60 crores and offer for sale of 0.09 crore shares aggregating to ₹7.68 crores.
Effwa Infra IPO bidding started from Jul 5, 2024 and ended on Jul 9, 2024. The allotment for Effwa Infra IPO was finalized on Jul 10, 2024. The shares got listed on NSE SME on Jul 12, 2024.
Effwa Infra IPO price band is set at ₹82.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,62,400.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Effwa Infra IPO RHP for detailed Information.
| IPO Date | July 5, 2024 to July 9, 2024 |
| Listing Date | July 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹78 to ₹82 per share |
| Issue Price Final | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 62,52,800 shares (aggregating up to ₹51.27 Cr) |
| Reserved for Market Maker | 3,24,800 shares Rikhav Securities Ltd. (aggregating up to ₹2.66 Cr) |
| Fresh Issue (Ex Market Maker) | 49,92,000 shares (aggregating up to ₹40.93 Cr) |
| Offer for Sale | 9,36,000 shares of ₹10 (aggregating up to ₹7.68 Cr) |
| Net Offered to Public | 59,28,000 shares (aggregating up to ₹48.61 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,30,367 shares |
| Share Holding Post Issue | 2,31,47,167 shares |
Effwa Infra and Research IPO offers total 62,52,800 shares. Out of which 29,16,800 (46.65%) allocated to QIB, 11,68,000 (18.68%) allocated to QIB, 9,20,000 (14.71%) allocated to NII, 20,91,200 (33.44%) allocated to RII and 17,48,800 (27.97%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,24,800 (5.19%) |
| QIB Shares Offered | 29,16,800 (46.65%) |
| − Anchor Investor Shares Offered | 17,48,800 (27.97%) |
| − QIB (Ex. Anchor) Shares Offered | 11,68,000 (18.68%) |
| NII (HNI) Shares Offered | 9,20,000 (14.71%) |
| Retail Shares Offered | 20,91,200 (33.44%) |
| Total Shares Offered | 62,52,800 (100.00%) |
Effwa Infra IPO raises ₹14.34 crore from anchor investors. Effwa Infra IPO Anchor bid date is July 4, 2024. Effwa Infra IPO Anchor Investors list
| Bid Date | July 4, 2024 |
| Shares Offered | 17,48,800 |
| Anchor Portion Size (In Cr.) | 14.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 8, 2024 |
Effwa Infra IPO opens on July 5, 2024, and closes on July 9, 2024.
| IPO Open Date | Fri, Jul 5, 2024 |
| IPO Close Date | Tue, Jul 9, 2024 |
| Tentative Allotment | Wed, Jul 10, 2024 |
| Initiation of Refunds | Thu, Jul 11, 2024 |
| Credit of Shares to Demat | Thu, Jul 11, 2024 |
| Tentative Listing Date | Fri, Jul 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 9, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,31,200 |
| Retail (Max) | 1 | 1,600 | ₹1,31,200 |
| HNI (Min) | 2 | 3,200 | ₹2,62,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Effwa Infra & Research Limited's revenue increased by 26.08% and profit after tax (PAT) rose by 169% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,302.83 | 6,478.54 | 4,648.21 |
| Total Income | 14,551.46 | 11,541.36 | 10,461.67 |
| Profit After Tax | 1,380.06 | 513.04 | 459.99 |
| Net Worth | 3,715.05 | 2,355.89 | 1,842.85 |
| Reserves and Surplus | 1,932.01 | 2,123.32 | 1,610.28 |
| Total Borrowing | 1,406.44 | 1,623.01 | 1,026.11 |
| Amount in ₹ Lakhs | |||
The market capitalization of Effwa Infra IPO is ₹189.81 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 45.46% |
| ROCE | 40.99% |
| Debt/Equity | 0.38 |
| RoNW | 37.15% |
| PAT Margin | 9.51% |
| Price to Book Value | 3.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.74 | 5.96 |
| P/E (x) | 10.59 | 13.75 |
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
[Dilip Davda] EIRL is engaged in EPC, and project management works related to water pollution and sewage related services. The segment is highly competitive and fragmented. The sudden boost in bottom lines for FY24 raise eyebrows and concern over its sustainability. Based on such super earnings of FY24, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
| Listing Date | July 12, 2024 |
| BSE Script Code | |
| NSE Symbol | EFFWA |
| ISIN | INE0U9101019 |
| Final Issue Price | ₹82 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹155.80 |
| Low | ₹155.80 |
| High | ₹163.55 |
| Last Trade | ₹163.55 |
Effwa Infra & Research Ltd.
G. No. 7, Vardhman Industrial Complex,
Lal Bahadur Shastri Marg,
Gokul Nagar,
Thane, Maharashtra, 400601
Phone: + 91 9833850052
Email: investor@effwa.co.in
Website: https://www.effwa.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Effwa Infra IPO is a SME IPO of 62,52,800 equity shares of the face value of ₹10 aggregating up to ₹51.27 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on July 5, 2024, and closes on July 9, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Effwa Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Effwa Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Effwa Infra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Effwa Infra IPO opens on July 5, 2024 and closes on July 9, 2024.
Effwa Infra IPO lot size is 1600, and the minimum amount required for application is ₹1,31,200.
You can apply in Effwa Infra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Effwa Infra IPO will be done on Wednesday, July 10, 2024, and the allotted shares will be credited to your demat account by Thursday, July 11, 2024. Check the Effwa Infra IPO allotment status.
The Effwa Infra IPO listing date is on Friday, July 12, 2024.
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