The issue is a combination of fresh issue of 53.17 lakh shares and offer for sale of 9.36 lakh shares.Effwa Infra and Research IPO is a book built issue of 62.53 lakh shares.
Effwa Infra and Research IPO opens for subscription on July 5, 2024 and closes on July 9, 2024. The allotment for the Effwa Infra and Research IPO is expected to be finalized on Wednesday, July 10, 2024. Effwa Infra and Research IPO will list on NSE SME with tentative listing date fixed as Friday, July 12, 2024.
Effwa Infra and Research IPO price bands are yet to be announced.
Shreni Shares Limited is the book running lead manager of the Effwa Infra and Research IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Effwa Infra and Research IPO is Rikhav Securities.
Refer to Effwa Infra and Research IPO RHP for detailed information.
About Effwa Infra & Research Limited
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.
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.
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.
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.
Effwa Infra and Research IPO Details
| IPO Date | July 5, 2024 to July 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 6,252,800 shares(aggregating up to ₹[.] Cr) |
| Fresh Issue | 5,316,800 shares(aggregating up to ₹[.] Cr) |
| Offer for Sale | 936,000 shares of ₹10(aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,830,367 |
| Share holding post issue | 23,147,167 |
| Market Maker portion | 324,800 shares |
Effwa Infra and Research IPO Timeline (Tentative Schedule)
Effwa Infra and Research IPO opens on July 5, 2024, and closes on July 9, 2024.| IPO Open Date | Friday, July 5, 2024 |
| IPO Close Date | Tuesday, July 9, 2024 |
| Basis of Allotment | Wednesday, July 10, 2024 |
| Initiation of Refunds | Thursday, July 11, 2024 |
| Credit of Shares to Demat | Thursday, July 11, 2024 |
| Listing Date | Friday, July 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 9, 2024 |
Effwa Infra and Research IPO Promoter Holding
Dr. Varsha Subhash Kamal and Mr. Subhash Ramavtar Kamal are the company's promoters.| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.99% |
Effwa Infra and Research IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Effwa Infra & Research Limited Financial Information (Restated)
Effwa Infra & Research Limited's revenue increased by 26.08% and profit after tax (PAT) rose by 169% between the financial year ending with March 31, 2024 and March 31, 2023.| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,302.83 | 6,478.54 | 4,648.21 |
| Revenue | 14,551.46 | 11,541.36 | 10,461.67 |
| Profit After Tax | 1,380.06 | 513.04 | 459.99 |
| Net Worth | 3,715.05 | 2,355.89 | 1,842.85 |
| Reserves and Surplus | 1,932.01 | 2,123.32 | 1,610.28 |
| Total Borrowing | 1,406.44 | 1,623.01 | 1,026.11 |
Key Performance Indicator
KPI as of March 31, 2024.| KPI | Values |
|---|---|
| ROE | 45.46% |
| ROCE | 40.99% |
| Debt/Equity | 0.38 |
| RoNW | 37.15% |
| PAT Margin (%) | 9.51 |
Objects of the Issue (Effwa Infra and Research IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
- Funding working capital requirements of the company;
- Funding of capital expenditure requirements of the company towards the purchase of new office Equipment; and
- General corporate purposes.
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Effwa Infra & Research Limited Contact Details
Effwa Infra & Research Limited
G. No. 7, Vardhman Industrial Complex,
Lal Bahadur Shastri Marg, Gokul Nagar,
Thane West, Thane – 400601
Phone: + 91 9833850052
Email: investor@effwa.co.in
Website: https://www.effwa.co.in/Read MOre-Ganesh Green Bharat Limited IPO (Ganesh Green Bharat IPO) Detail
