The initial public offering (IPO) of Effwa Infra and Research Ltd received strong demand and high subscription rates. With the bidding period now closed, investors are eagerly waiting for the IPO allotment, which is expected to be finalised today.
IPO Timeline
- Subscription Period: July 5 to July 9
- Allotment Date: Likely today, July 10
- Listing Date: July 12
How to Check IPO Allotment Status
Investors can check their IPO allotment status online via the NSE website or the official portal of the IPO registrar, Bigshare Services Pvt Ltd. Follow these steps:
- Visit the Bigshare Services Website: Go to https://ipo.bigshareonline.com/ipo_status.html.
- Select the Company: Choose “Effwa Infra and Research Limited” from the dropdown menu.
- Select Application Type: Choose between “Application No,” “Beneficiary Id,” or “PAN.”
- Enter Details: Input the required details based on your selection.
- Enter Captcha: Type in the Captcha code and click “Search.”
Your IPO allotment status will be displayed on the screen.
Effwa Infra and Research IPO Subscription Status
The IPO was highly subscribed across all categories:
- Retail Category: 323.81 times
- Qualified Institutional Buyers (QIB) Category: 166.56 times
- Non-Institutional Investors (NII) Category: 477.27 times
Overall, the IPO was subscribed 313.65 times, with bids for 131.07 crore equity shares against 41.79 lakh shares on offer.
GMP and Estimated Listing Price
Effwa Infra and Research shares are trading at a high premium in the unlisted market. The grey market premium (GMP) today is ₹120 per share. Considering this GMP and the IPO price, the estimated listing price of the shares is ₹202 per share, which is a 146.95% premium to the IPO price of ₹82 per share.
IPO Details
- Price Band: ₹78 to ₹82 per share
- Funds Raised: ₹51.27 crore
- Fresh Issue: 53.17 lakh equity shares worth ₹43.60 crore
- Offer-for-Sale (OFS): 9.36 lakh shares worth ₹7.68 crore
- Lead Manager: Shreni Shares Limited
- Registrar: Bigshare Services Pvt Ltd
Investors can now check their allotment status as the company is expected to finalise it today. With strong demand and a high GMP, Effwa Infra and Research shares are anticipated to list at a significant premium on July 12.
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