Effwa Infra & Research Limited
Bookbuilding IPO · NSE
- Price band
- ₹78 - ₹82
- Lot size
- 1,600 shares
- Issue amount
- ₹51.27 cr
- Total subscription
- 313.73×
- Opens
- 5 Jul 2024
- Closes
- 9 Jul 2024
- Allotment
- 10 Jul 2024
- Listing
- 12 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 62,52,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,24,800
- Fresh issue
- ₹43.6 cr
- Offer for sale
- ₹7.68 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,31,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,78,30,367
- Shares after issue
- 2,31,47,167
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,31,200 |
| HNI | 2 | 3,200 | ₹2,62,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.58 | 1,595.29 |
| RETAIL | 17.15 | 5,552.67 |
| NIB | 7.54 | 3,603.22 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 7.74 | 2.88 | 2.58 |
| ROE | 46.22 | 24.44 | 27.67 |
| ROCE | 40.75 | 22.89 | 24.37 |
| RONW | 37.15 | 21.78 | 24.96 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Specialized In-House Expertise: The company excels in designing and engineering water management infrastructure projects, ensuring high-quality, efficient, and sustainable solutions.
- Optimized Cost Structure: By leveraging a cost-effective outsourcing model, Effwa Infra & Research Limited minimizes capital expenditures while maintaining operational efficiency.
- Strong Leadership and Vision: A seasoned promoter and experienced management team provide strategic direction, driving long-term growth and stability.
Risk factors
- Legal Risks: Ongoing litigation could pose reputational and financial risks, with adverse outcomes potentially impacting business operations.
- Financial Exposure from Bank Guarantees: Heavy reliance on bank guarantees may strain cash flows, and any invocation of these guarantees could affect financial stability.
- Revenue Concentration Risk: Dependence on a few key clients makes the company vulnerable to revenue fluctuations if any major client is lost.
Promoters
Dr. Varsha Subhash Kamal
Mr. Subhash Ramavtar Kamal
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
G. No. 7, Vardhman Industrial Complex, Lal Bahadur Shastri Marg, Gokul Nagar, Thane West, Thane – 400601
+ 91 9833850052
[email protected]Company website ↗Understanding EFFWA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.