July 12, 2024
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Effwa Infra IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Effwa Infra IPO Post Listing Review:
On July 12th, 2024, the scrip is listed at Rs. 155.80, a premium of 90% over the issue price. The listing is below the expectation of the grey market players due to listing cap imposed by the Exchanges.
What is the latest GMP of Effwa Infra IPO?*
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Subscription status of Effwa Infra IPO
Effwa Infra IPO Subscription (Closed)Price Rs.82 Lot 1600 shares, Rs.48.61 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 166.56 | 477.27 | 323.81 | 313.65 | 4,61,456 / (353.07x) |
| Bids of Rs. 15246.53 Crore received | ||||
| Note: | ||||
What is the business of Effwa Infra ?
Effwa Infra & Research Limited is ISO 9001:2015 Certified focussing on Engineering, Procurement, Construction, Commissioning, Operation & Maintenance Services for Effluent and Sewage Treatment with Recycling, Water Treatment, Integrated Municipal Solid Waste Management, Hazardous Waste Incineration & Bioremediation of Lakes. The Company also offers end-to-end project management solutions towards environmental preservation. Our focus lies in ensuring environmentally friendly waste processing practices, including Effluent Treatment Plant management (ETP), Sewage Treatment and
Reclamation (STP), Water Treatment and Distribution (WTP) and Hazardous Wate Management.
The company has acquired the running business of M/s. Effwa Infra & Research, a Partnership firm of its promoters, Mr. Subhash Ramavtar Kamal and Dr. Varsha Subhash Kamal vide Take Over Agreement dated July 10, 2014 entered by and between its promoter and the company.
Projects
It acquires projects through transparent competitive bidding process undertaken by the state government institution, central governments institution, public sector undertakings and other private institution. It participated in tenders for projects for Effluent Treatment Plant, Sewage Treatment Plant and Reclamation, Industrial Wastewater Treatment and Distribution, with ZLD (Zero Liquid Discharge) System.
The company operates in the Domestic Market as well as International Market, across Eight States including a Special Economic Zone. These regions include Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, Rajasthan, and the Special Economic Zone includes Adani Port based on sales made for the financial year ended March 31, 2024, 2023 and 2022.
The company has successfully completed over 45 water management infrastructure projects as on March 31, 2024, catering to a diverse clientele including public sector undertakings (PSUs), municipal corporations, state governments, and private enterprises.
Get more information about the company @ https://www.effwa.co.in/
Effwa Infra IPO Details |
|
| IPO opens on | 5 July 2024 |
| IPO closes on | 9 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6252800 Shares / Rs 51.27 Crore |
| * Fresh Issue | 5316800 Shares / Rs 43.60 Crore |
| * Offer for Sale | 936000 Shares / Rs 7.49 Crore |
| Market Maker Portion | 324800 Shares |
| Net offer to Public | 5928000 Shares/ Rs.48.61 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.78-82 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Effwa Infra IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2964000 | 24.30 |
| NII (15%) | 889200 | 7.29 |
| RII (35%) | 2074800 | 17.02 |
| Total Shares | 5928000 | 48.61 |
| Retail portion will be oversubscribed by | 1297 | |
| Forms | ||
| How much Shares to Apply in Effwa Infra IPO? | ||
| Min Retail Application | 1600 Shares | Rs. 131200 |
| Min HNI Application | 3200 Shares | Rs.262400 |
Who are the Promoters of Effwa Infra IPO?
The promoters of the company are Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal.
What are the Objects of Effwa Infra IPO?
The Offer comprises of fresh issue of shares and also offer for sale
The objectives of the Offer are to:
1.Funding working capital requirements of the company;
2.Funding of capital expenditure requirements of the company towards the purchase of new office Equipment; and
3.General corporate purposes.
Effwa Infra IPO Tentative timetable |
|
| IPO opens on | 5 July 2024 |
| IPO Closes on | 9 July 2024 |
| IPO Allotment on | 10 July 2024 |
| Refund Initiation | 11 July 2024 |
| Credit of Shares | 11 July 2024 |
| Listing on | 12 July 2024 |
| Registered Office of the Company Effwa Infra & Research Limited G. No. 7, Vardhman Industrial Complex, Lal Bahadur Shastri Marg, Gokul Nagar, Thane West, Thane – 400601 |
| Who is the Lead Manager of Effwa Infra IPO? Shreni Shares Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
Effwa Infra IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 104.62 | 4.60 | 2.58 | 24.96 |
| 2022-23 | 115.41 | 5.13 | 2.88 | 21.78 |
| 2023-24 | 145.51 | 13.80 | 7.74 | 37.15 |
| Book Value of the Share on | 31.03.2024 | Rs 20.84 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 82 | |||
| Effwa Infra IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 10.59 |
| Price/BV Ratio | 3.93 |
| Upper price/BV after IPO | – |
How Effwa Infra IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| 2023-24 | Rs. In Cr | ||
| Effwa Infra | 10 | 10.59 | |
| Vatech Wabag | 2 | 33.95 | |
| EMS ltd | 10 | 22.24 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Effwa Infra IPO To the point Guidance
Effwa Infra & Research Limited is ISO 9001:2015 Certified focussing on Engineering, Procurement, Construction, Commissioning, Operation & Maintenance Services for Effluent and Sewage Treatment with Recycling, Water Treatment, Integrated Municipal Solid Waste Management, Hazardous Waste Incineration & Bioremediation of Lakes. The Company also offers end-to-end project management solutions towards environmental preservation. Our focus lies in ensuring environmentally friendly waste processing practices, including Effluent Treatment Plant management (ETP), Sewage Treatment and
Reclamation (STP), Water Treatment and Distribution (WTP) and Hazardous Wate Management.
Size: The size of the IPO is Rs. Rs. 48.61 crore and out of the QIB portion, anchor portion will get deducted. However, the NII portion is Rs. 7.29 crore and retail investor portion is Rs. 17.02 crore. So, the IPO is on larger side, however looking to the investor craze of good SME IPOs, the oversubscription may not be any problem.
Financial Analysis: The Tottal income and the net profit for the year 2023-24 have shown sharp rise. However the company being in Infra and project business, such rise does not seem abnormal. The shares are offered at reasonable valuation, if we look at the 45 completed projects.
+ From Financal Angle: Apply
+ From Grey Market Angle: ?
Quicklinks
Effwa Infra IPO GMP today details?
Effwa Infra IPO
Effwa Infra IPO FAQs
What is Effwa Infra IPO?
Effwa Infra is a SME IPO of 6252000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will Effwa Infra IPO open?
Effwa Infra IPO opens on July 3, 2024, and closes on July 8, 2024.
What is the lot size of Effwa Infra IPO?
Effwa Infra IPO lot size is ? Shares, and the minimum amount required is Rs.?
How to apply for Effwa Infra IPO?
You can apply in Effwa Infra IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Effwa Infra IPO allotment?
The finalization of Basis of Allotment for Effwa Infra IPO will be done on 10 July, 2024, and the allotted shares will be credited to your demat account by July 11, 2024.
When is Effwa Infra IPO listing date?
Effwa Infra IPO listing date is July 12, 2024.
