The Effwa Infra IPO commenced on July 5, 2024, and concluded on July 9, 2024. The allotment of shares took place on July 10, 2024, and the initiation of refunds began on July 11, 2024. The shares were credited to the demat accounts of investors on July 11, 2024. Finally, the listing of Effwa Infra on the stock exchange occurred on July 12, 2024.
The Effwa Infra IPO was priced at ₹78 to ₹82 per share, with a lot size of 1600 shares. The total size of Effwa Infra IPO is ₹51.27 crores out of which ₹43.60 crores is fresh issue and ₹7.68 crores is offer for sale (OFS). The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Effwa Infra IPO Basic Details
| Company Name | Effwa Infra and Research Limited |
| Domain of Company | Infrastructure Company |
| Aasaan Loans IPO GMP Today | ₹70 |
| Aasaan Loans IPO Listing Gain | 85.37% |
| Aasaan Loans IPO Open Date | July 5, 2024 |
| Aasaan Loans IPO Close Date | July 9, 2024 |
| Aasaan Loans IPO Allotment Date | July 10, 2024 |
| Aasaan Loans IPO Listing Date | July 12, 2024 |
| Face Value | ₹10 per share |
| Price | ₹78 to ₹82 per share |
| Lot Size | 1600 Shares |
| Issue Size | 6,252,800 shares of ₹10 (aggregating up to ₹51.27 Cr) |
| Fresh Issue | 5,316,800 shares of ₹10 (aggregating up to ₹43.60 Cr) |
| Offer for Sale | 936,000 shares of ₹10 (aggregating up to ₹7.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal |
Effwa Infra IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹70 | 85.37% | – | – |
| 3 July 2024 | ₹70 | 85.37% | – | – |
Effwa Infra & Research IPO Details:
Founded in 2014, Effwa Infra & Research Limited specializes in engineering, consulting, procurement, construction, and integrated project management services to address water pollution. The company focuses on wastewater and industrial effluent treatment, solid waste treatment and disposal, aeration systems, hazardous waste management, and water treatment plants.
Services Offered
Effwa Infra provides end-to-end project organization, management, procurement, financing, and implementation. They emphasize environmentally friendly waste processing, including:
- Effluent Treatment Plants (ETP)
- Sewage Treatment and Remediation (STP)
- Water Treatment and Distribution (WTP)
- Hazardous Waste Management
Project Infrastructure
Effwa Infra handles all aspects of water management projects, from design and construction to raw material procurement. Their services include:
- Installation of wells and pump houses
- Pipeline laying
- Electro-mechanical works
- On-site execution and overall project management until commissioning
Service Areas
Effwa Infra operates in Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, and Rajasthan. They also work within the Special Economic Zone, including Adani Ports, and extend their services internationally.
Achievements and Workforce
By March 31, 2024, Effwa Infra successfully completed over 45 water management infrastructure projects for public sector undertakings, municipal corporations, states, and private companies. The company employs over 118 people, including:
- 12 engineers specializing in planning, design, and construction of wastewater treatment and recycling systems
- 76 engineers in civil, mechanical, and electrical engineering, instrumentation and automation, piping, and safety and quality control
Effwa Infra focuses on zero discharge systems and transport systems for secondary treated wastewater and fresh water, ensuring sustainable water management practices.
Effwa Infra IPO More Details Click Here
Effwa Infra IPO FAQs
When is Effwa Infra IPO open?
Effwa Infra IPO will open on 5 July 2024.
When is Effwa Infra IPO Close?
Effwa Infra IPO will be closed on 9 July 2024.
What is Effwa Infra IPO GMP Today?
The Effwa Infra IPO GMP aka Grey Market Premium is ₹70.
What is Effwa Infra IPO Kostak Rates Today?
The Effwa Infra IPO Kostak Rate is ₹000.
What is Effwa Infra IPO Subject to Sauda Price Today?
The Effwa Infra IPO subject to sauda rates is ₹000.
Effwa Infra IPO Expected Returns?
The Effwa Infra expected return is 85.37%.
How much will be the listing gain in Effwa Infra IPO?
Effwa Infra IPO will get listing gain of 85.37%. (Approx.)
