
Infrastructure & Construction · NSE
Effwa Infra & Research Limited, founded in 2014, specializes in engineering, consulting, procurement, construction, and project management services in water pollution control. The company focuses on wastewater and industrial effluent treatment, solid waste disposal, aeration systems, hazardous waste management, and water treatment plants, offering comprehensive solutions from design to commissioning. It provides expertise in Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP), and Hazardous Waste Management while also executing infrastructure projects involving wells, pump houses, pipelines, and electro-mechanical works. Operating across multiple Indian states, including Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, and Rajasthan, as well as in the international market, Effwa Infra & Research Limited has successfully completed over 45 water management projects for public sector undertakings, municipal corporations, and private entities. As of March 31, 2024, the company employs over 118 professionals, including 12 engineers specializing in wastewater treatment system planning and design, along with 76 engineers across civil, mechanical, electrical, instrumentation, automation, piping, and safety and quality control disciplines, reinforcing its commitment to sustainable and efficient water management solutions.
Price Band
₹78 – ₹82
Issue Size
₹51.27 Cr
Lot Size
1600 shares
GMP
+174.4%
Est. Listing
₹225
at current GMP
Subscribed
313.73x
overall
Open
5 Jul 2024
Close
9 Jul 2024
Allotment
10 Jul 2024
Refund
11 Jul 2024
Demat Credit
12 Jul 2024
Listing
12 Jul 2024
Overall Subscription
313.73x
Total Demand
QIB Multiplier
166.56x
Institutions & Funds
NII / HNI
477.63x
High Net-Worth
Retail (RII)
323.81x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,168,000 | 194,547,200 | 166.56x |
| NIB | 920,000 | 439,417,600 | 477.63x |
| RETAIL | 2,091,200 | 677,155,200 | 323.81x |
| Total | 4,179,200 | 1,311,120,000 | 313.73x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,368 | 442,972 | 323.81x |
| HNIs (10L +) | 9 | 4,299 | 477.63x |
| HNIs (2-10L) | 42 | 20,060 | 477.63x |
| Total Applications | 1,419 | 467,331 | 329.34x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Effwa Infra & Research Limited is bringing an initial public offering (IPO) in the Infrastructure & Construction sector with an aggregate issue size of ₹51.27 Crores. The shares are offered at a price band of ₹78 to ₹82 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,31,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-12, while un-allotted funds or UPI block mandates will be released on 2024-07-11.
The latest Grey Market Premium (GMP) for Effwa Infra & Research Limited IPO is ₹143 per equity share. Based on the upper price band of ₹78 to ₹82 per equity share, the estimated listing price is ₹225 (+174.4% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹143, the expected profit per application lot is approx ₹2,28,800 (+174.4% gain). Minimum application cost is approx ₹1,31,200.
The Effwa Infra & Research Limited IPO aggregate issue size is ₹51.27 Crores with an equity price band set at ₹78 to ₹82 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,31,200.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 313.73x (Retail: 323.81x, QIB: 166.56x, NII: 477.63x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-07-10. Investors can verify status using PAN card or application number.
Effwa Infra & Research Limited shares are scheduled to list on NSE on 2024-07-12.