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Effwa Infra & Research Limited IPO Detail

Effwa Infra & Research Limited IPO Detail

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.

Company Promoters

Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal

IPO Details

IPO Opening DateJul 05, 2024
IPO Closing DateJul 09, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹78 - 82 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size₹51.27 Cr
Fresh Issue₹43.60 Cr
Offer for Sale₹7.68 Cr
Retail Portion 35%

IPO Tentative Timetable

The Effwa Infra & Research Limited IPO open date is Jul 05, 2024, and the close date is Jul 09, 2024. The issue may list on Jul 12, 2024.

IPO Open DateJul 05, 2024
IPO Close DateJul 09, 2024
Basis of Allotment DateJul 10, 2024
Initiation of RefundsJul 11, 2024
Credit of Shares to Demat AccountJul 11, 2024
IPO Listing DateJul 12, 2024

IPO Lot Size

The Effwa Infra & Research Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹131200).

ApplicationLotsSharesAmount (Cut-off)
Minimum11600₹131200
Maximum11600₹131200

IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding72.99%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-22 4648.21 10461.67 459.99
31-Mar-23 6478.54 11541.36 513.04
31-Mar-24 8302.83 14551.46 1380.06

Objects of the Issue:

The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:

  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 & Research Limited IPO Registrar:

Bigshare Services Pvt Ltd

Effwa Infra & Research Limited IPO Lead Manager(s):

Shreni Shares Limited

Company Contact Information:

Effwa Infra & Research Limited

G. No. 7, Vardhman Industrial Complex,

Lal Bahadur Shastri Marg, Gokul Nagar,

Thane West, Thane – 400601