Effwa Infra & Research was incorporated on January 6, 2014. The company is engaged in the business of engineering, consultancy, procurement, construction, and integrated project management services in water pollution control, encompassing sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management, and water treatment plants.
| Bidding Dates |
|---|
| 05 Jul 2024 - 09 Jul 2024 |
| Subscription |
|---|
| 291.1x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 1600 | 6.3 M | ₹78 - ₹82 | 72.99 % | ₹487.7 M - ₹512.7 M | RHP DOC |
Effwa Infra & Research IPO SUBSCRIPTION STATUS
09 Jul '24Effwa Infra & Research IPO overall subscription rate was 291.1 times the total available shares
Effwa Infra & Research IPO retail subscription rate was 429.56 times in the retail segment
Effwa Infra & Research IPO non-institutional investor subscription rate was 650.41 times in the non-institutional investor category
Effwa Infra & Research IPO Qualified Institutional Bidder subscription rate was 86.39 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
09 Jul 2024 (Day 3) | 429.56x | 650.41x | 86.39x |
08 Jul 2024 (Day 2) | 118.5x | 57.77x | 0.19x |
05 Jul 2024 (Day 1) | 38.77x | 14.37x | 0x |
Effwa Infra & Research FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 138.0 | 1,451.6 | 51.2 | 47.9 | 14.5% |
| FY23 | 51.3 | 1,151.0 | -46.7 | -49.5 | 7.9% |
| FY22 | 46.0 | 1,043.7 | 44.6 | 43.4 | 6.8% |
Effwa Infra & Research IPO SUBSCRIPTION STATUS DETAILS
Effwa Infra & Research had 6.3 M shares on offer
Effwa Infra & Research IPO offer price was in the range ₹78 - ₹82
Effwa Infra & Research IPO minimum Investment was ₹124800
Effwa Infra & Research IPO issue size was ₹ 487.7 M - ₹ 512.7 M
Effwa Infra & Research had a minimum lot size of 1600 Shares per application
Effwa Infra & Research NUMBER OF SHARES ON OFFER
Effwa Infra & Research IPO IMPORTANT DATES
| Issue Open Date | 05 Jul 2024 |
| Issue close Date | 09 Jul 2024 |
| Allotment Date | 10 Jul 2024 |
| Refund Date | 11 Jul 2024 |
| Demat Account Credit Date | 11 Jul 2024 |
| Listing Date | 12 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Effwa Infra & Research Allotment Status | Exchange |
Effwa Infra & Research IPO subscription opened on 05 Jul 2024, and closed on 09 Jul 2024
IPO allotment for Effwa Infra & Research was finalized on Wednesday, 10 Jul 2024
IPO listing for Effwa Infra & Research was on NSE on Friday, 12 Jul 2024
Effwa Infra & Research IPO LISTING GAINS
| Issue Price (adjusted) | 82.0 |
| Listing Open Price | 155.8 |
| Listing Close Price | 163.6 |
| Listing Gain% | 90.0% |
| Current Gain% | 363.1% |
Effwa Infra & Research Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Effwa Infra & Research Ltd. | 379.8 | 879 | 30.7 | 0.7 | 3.5 | 23.2 | 14.4 | 253.3 | 36.8 | 28.6 | 42.3 | 12.4 | 42.3 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Effwa Infra & Research INFORMATION ON IPO ISSUE
About Effwa Infra & Research
Effwa Infra & Research was incorporated on January 6, 2014. The company is engaged in the business of engineering, consultancy, procurement, construction, and integrated project management services in water pollution control, encompassing sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management, and water treatment plants.
Object of the Issue
- Funding working capital requirements of the company
- Funding of capital expenditure requirements of the company towards purchase of new office equipments
- General corporate purposes
Effwa Infra & Research - PROMOTERS
| Name |
|---|
| Varsha Subhash Kamal |
| Subhash Ramavtar Kamal |
Effwa Infra & Research Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Effwa Infra & Research Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Effwa Infra & Research Strengths
Established track record
The company has a track record of effectively utilizing its management bandwidth, skills, and internal systems to execute projects that span several years for completion. It has proven its execution capabilities in managing significant EPC contracts
Order book
The company provides solutions in the water and water waste management industry for projects including effluent treatment plants, sewage treatment plants and reclamation, industrial wastewater treatment and distribution, desalination and reuse, and offers a range of services throughout the entire life cycle of the projects
Lower investments
The company outsources the civil works and erection works for our projects to third-party contractors. This benefits its returns on investments in each project as the fixed assets costs are low
Effwa Infra & Research Risks
Outstanding litigation
There are certain outstanding litigations against the company, an adverse outcome of which may adversely affect the business, reputation, and results of operations
Limited number of clients
The company derives a majority of its revenue from a limited number of clients and the loss of one or more of them could have a material adverse effect on the business, financial condition, and results of operations
Dependent on third party
The company depends on various third parties, including contractors and independent service providers, over whom it doesn't have any control
IPO FAQs
This IPO consists of an offer for sale of up to Rs 7.7 crore, of 936,000 shares. It also consists of a fresh issue of Rs 43.6 crore.
The promoters of the company are Varsha Subhash Kamal and Subhash Ramavtar Kamal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 78.0 - 82.0.
The IPO application opens on Jul 05, 2024 and closes on Jul 09, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 131,200.0.
This IPO will be allotted on Jul 10, 2024.
The refund will be credited to your account on Jul 11, 2024.
The allotted shares will be credited to your demat on Jul 11, 2024.
Effwa Infra & Research Ltd.’s shares listed on the stock exchanges on Jul 12, 2024.