Effwa Infra & Research IPO subscription start from Friday, July 5 and ends on Tuesday, July 9. The IPO is a book-built issue of Rs. 51.27 crores. The issue is a combination of fresh issue of 53.16 lakh equity shares and an offer for sale of 9.36 lakh equity shares.
Effwa Infra & Research IPO price band sets at Rs.78 to Rs.82 per equity shares with a face value of Rs.10 each. The issue shall be listed on NSE SME (small and medium enterprises) with tempting date fixed as Friday, July 12, 2024.
The minimum order quantity of the issue is 1,600 equity shares. The minimum amount of investment required for Retail is ₹1,31,200. The minimum bid size for HNI’s is 2 lots aggregating to ₹2,62,400. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
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Shreni Shares Limited is book-running lead manager. Kotak Mahindra Bank is sponsor bank of the issue. Bigshare Services Private Limited is registrar of the Effwa Infra & Research IPO.
Financials
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 145.51 | 115.41 | 104.62 |
| PAT | 13.80 | 5.13 | 4.60 |
| PAT Margin | 9.51% | 4.46% | 4.41% |
| Cash Flow | 5.12 | -4.67 | 4.46 |
| Borrowings | 14.06 | 16.23 | 10.26 |
Risk Factors
- The company has certain outstanding litigation against company, an adverse outcome of which may adversely affect the business, reputation and result of operations.
- The top ten clients of the company accounted for 98.14% for the financial year ended March 31, 2024.
Objects of the Effwa Infra & Research IPO
- To fund working capital requirements
- Funding of capital expenditure requirements of the company towards new purchase of office equipments.
- General corporate purposes.
About Effwa Infra & Research Limited
Incorporated in 2014, Effwa Infra & Research Limited offers sustainable and innovative high-end engineering solutions to the environmental issues faced by various Industries and Municipal Authorities in India and overseas.