Effwa Infra & Research Ltd’s IPO opens on Friday, July 5, with shares priced between ₹78 and ₹82 each. The bidding closes on Tuesday, July 9. Investors can bid for a minimum of 1600 shares.
Effwa Infra IPO Allocation:
- 50% for Qualified Institutional Buyers (QIBs)
- 35% for Retail Investors
- 15% for Non-Institutional Investors
- 5.19% reserved for the market maker
About Effwa Infra: Effwa Infra specializes in waste management, water treatment, and pollution control services. They operate in eight states and a Special Economic Zone, including both domestic and international markets.
Effwa Infra Financials:
- Revenue increased by 26.08% in the last financial year
- Profit after tax (PAT) surged by 169%
Effwa Infra IPO Details:
- Total IPO size: ₹51.27 crore
- Fresh issue: 5,316,800 shares worth ₹43.60 crore
- Offer-for-sale: 936,000 shares worth ₹7.68 crore
The funds will be used for general corporate purposes, working capital, new office equipment, and capital expenditure.
Effwa Infra Grey Market Premium (GMP):
- Effwa Infra’s IPO is trading at a premium of ₹115 in the grey market.
- Expected listing price is ₹197, a 140.24% increase from the IPO price.
Effwa Infra’s IPO is managed by Shreni Shares Limited and Bigshare Services Pvt Ltd. Rikhav Securities is the market maker.
Investors are showing strong interest, and the high GMP suggests a promising listing.
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