Bookbuilding IPO | ₹51 Cr | Listed at NSE SME | Fri, Jul 5, 2024 - Tue, Jul 9, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,31,200 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jul 5, 2024
IPO Close
Tue, Jul 9, 2024
Issue Price
₹82 per share
Market Cap (Pre-IPO)
₹189.81 Cr
| IPO Date | 5 to 9 Jul, 2024 |
| Listed on | Fri, Jul 12, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹82 |
| Issue Price | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 62,52,800 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 3,24,800 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 49,92,000 shares (agg. up to ₹41 Cr) |
| Offer for Sale | 9,36,000 shares of ₹10 (agg. up to ₹8 Cr) |
| Net Offered to Public | 59,28,000 shares (agg. up to ₹49 Cr) |
| Share Holding Pre Issue | 1,78,30,367 shares |
| Share Holding Post Issue | 2,31,47,167 shares |
| NSE Symbol | EFFWA |
| ISIN | INE0U9101019 |
Effwa Infra IPO comprises a total issue size of 62,52,800 shares. The net offer to the public is 59,28,000 shares, after excluding 3,24,800 shares allotted on a firm basis. Of the Net offer 29,16,800 (49.20%) are allocated to QIB, 9,20,000 (15.52%) allocated to NII 20,91,200 (35.28%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,16,800 | 49.20% | 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 | 15.52% | 14.71% |
| Retail Shares Offered | 20,91,200 | 35.28% | 33.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,24,800 | 5.19% | |
| Total Shares Offered | 62,52,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Effwa Infra IPO raises ₹14.34 crore from anchor investors. Effwa Infra IPO Anchor bid date is July 4, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 4, 2024 |
| Shares Offered | 17,48,800 |
| Anchor Portion (₹ Cr.) | 14.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 8, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 83.03 | 64.79 | 46.48 |
| Total Income | 145.51 | 115.41 | 104.62 |
| Profit After Tax | 13.80 | 5.13 | 4.60 |
| NET Worth | 37.15 | 23.56 | 18.43 |
| Reserves and Surplus | 19.32 | 21.23 | 16.10 |
| Total Borrowing | 14.06 | 16.23 | 10.26 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company; | 33.00 |
| 2 | Funding of capital expenditure requirements of the company towards purchase of new office Equipments; | 0.41 |
| 3 | General corporate purposes; | 4.91 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 7.74 | 5.96 |
| P/E (x) | 10.59 | 13.75 |
| Promoter Holding | 99.99% | 72.99% |
| Market Cap | ₹189.81 Cr. |
The Effwa Infra and Research IPO is subscribed 313.65 times on July 9, 2024 6:19:05 PM (Day 3). The public issue subscribed 323.81 times in the retail category, 166.56 times in the QIB category, and 477.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 166.56 | 11,68,000 | 19,45,47,200 |
| NII* | 477.27 | 9,20,000 | 43,90,92,800 |
| Retail | 323.81 | 20,91,200 | 67,71,55,200 |
| Total | 313.65 | 41,79,200 | 1,31,07,95,200 |
Total Application : 4,61,456
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 2.42 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, consultancy, peer review etc.) | 2.73 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹155.80 |
| Low | ₹155.80 |
| High | ₹163.55 |
| Last Trade | ₹163.55 |
Lead Manager Reports
Effwa Infra IPO is a SME IPO of 62,52,800 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Jul 5, 2024, and closes on Tue, Jul 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 Fri, Jul 5, 2024 and closes on Tue, Jul 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 Thu, Jul 11, 2024. Check the Effwa Infra IPO allotment status.
The Effwa Infra IPO listing date is on Fri, Jul 12, 2024.
