Effwa Infra & Research Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 5, 2024 to July 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 78 to ₹ 82 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 62,52,800 shares (aggregating up to ₹ 51.27 Cr) |
| Fresh Issue | 53,16,800 shares (aggregating up to ₹ 43.60 Cr) |
| Offer for Sale | 9,36,000 shares of ₹10 (aggregating up to ₹ 7.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,78,30,367 |
| Shareholding post issue | 2,31,47,167 |
| Market Maker portion | 3,24,800 shares Rikhav Securities |
About Effwa Infra & Research Limited IPO
Effwa Infra & Research Limited”, (“EIRL”) is engaged in the steaminess of engineering, consultancy, procurement, construction and integrated project management services in water pollution control, encompassing sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management and water treatment plants. Additionally, They function as consultants and advisors, providing a range of services encompassing project organization, management, equipment procurement, funding and project execution. Their expertise spans the entire project lifecycle, from registration and design to implementation, supervision and finalizing contract terms. Effwa Infra and Research IPO is a book-built issue of Rs 51.27 crores.
The issue is a combination of a fresh issue of 53.17 lakh shares aggregating to Rs 43.60 crores and an offer for sale of 9.36 lakh shares aggregating to Rs 7.68 crores. Effwa Infra and Research IPO opens for subscription on July 5, 2024 and closes on July 9, 2024. Effwa Infra and Research IPO price band is set at ₹78 to ₹82 per share. The minimum lot size for an application is 1600 Shares. Shreni Shares Limited is the book-running lead manager of the Effwa Infra and Research IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Effwa Infra and Research IPO is Rikhav Securities.
Effwa Infra and Research IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offe |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Effwa Infra and Research IPO Anchor Investors Details
| Bid Date | July 4, 2024 |
| Shares Offered | 1,748,800 |
| Anchor Portion Size (In Cr.) | 14.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 8, 2024 |
Company & Financials
Effwa Infra & Research Limited was founded in 2014 and provides engineering, consulting, procurement, construction and integrated project management services in the field of water pollution control, covering wastewater and industrial effluent treatment, solid waste treatment and disposal, aeration systems, hazardous waste management and water treatment plants. In addition, the company offers project organization, management, procurement, financing, and implementation as a consultant and expert. The focus is on ensuring environmentally friendly waste processing practices, including the management of Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP) and Hazardous Waste Management. Infrastructure for the water management project includes design of the project, construction and procurement of raw materials including installation of wells including pump houses, laying of pipelines, electro-mechanical works, execution on site with overall project management till commissioning of the projects.
Objectives of Effwa Infra and Research IPO
-
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objectives:
- 1. Funding the working capital requirements of the company.
- 2. Funding of capital expenditure requirements of the company towards the purchase of new office Equipment.
- 3. General corporate purposes.
Effwa Infra and Research IPO Review
EIRL is engaged in EPC, and project management works related to water pollution and sewage related services. The segment is highly competitive and fragmented. The sudden boost in bottom lines for FY24 raised eyebrows and concern over its sustainability. Based on such super earnings of FY24, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards.
Effwa Infra & Research Limited IPO Financial Information
Latest Revenue
14,551.46
₹ Crore
Profit After Tax
1,380.06
₹ Crore
Net Worth
3,715.05
₹ Crore
Total Borrowing
1,406.44
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 8,302.83 | 14,551.46 | 1,380.06 | 3,715.05 | 1,406.44 | ||||
| 31 Mar 2023 | 6,478.54 | 11,541.36 | 513.04 | 2,355.89 | 1,623.01 | ||||
| 31 Mar 2022 | 4,648.21 | 10,461.67 | 459.99 | 1,842.85 | 1,026.11 | ||||
| Amount in ₹ Crore | |||||||||
Effwa Infra & Research Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 45.46% |
| ROCE | 40.99% |
| Debt/Equity | 0.38 |
| RoNW | 37.15% |
| PAT Margin (%) | 9.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.74 | 5.96 |
| P/E (x) | 10.59 | 13.75 |
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Competitive Strengths
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Effwa Infra & Research Limited IPO Timeline
| IPO Open Date | Friday, July 5, 2024 |
| IPO Close Date | Tuesday, July 9, 2024 |
| Basis of Allotment | Wednesday, July 10, 2024 |
| Initiation of Refunds | Thursday, July 11, 2024 |
| Credit of Shares to Demat | Thursday, July 11, 2024 |
| Listing Date | Friday, July 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 9, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3200 | ₹262,400 |