IPO Details

Bidding Dates

05 Jul '24 - 09 Jul '24

Minimum Investment

₹131,200 / 1 Lot ( 1,600 Shares)

Price Range

₹78 - ₹82

Maximum Investment

₹131,200 / 1 Lot ( 1,600 Shares)

Retail Discount

To be announced

Issue Size

₹51.27 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Jul 5, 2024

IPO Close Date

Jul 9, 2024

Basis of Allotment

Jul 10, 2024

Initiation of Refunds

Jul 11, 2024

Credit of Shares to Demat

Jul 11, 2024

Listing Date

Jul 12, 2024

Cut-off time for UPI mandate confirmation

Jul 9, 2024

About Effwa Infra and Research Limited

Effwa Infra & Research Limited, established in 2014, specialises in providing comprehensive engineering, consulting, procurement, construction, and integrated project management services in water pollution control. The company’s expertise spans wastewater and industrial effluent treatment, solid waste management, aeration systems, hazardous waste handling, and water treatment plants.

Effwa Infra offers project organisation, management, procurement, financing, and implementation services as a consultant and expert, focusing on environmentally friendly waste processing practices. Their capabilities include managing Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP), and Hazardous Waste Management.

The company’s infrastructure projects involve designing, constructing, and procuring raw materials, installing wells and pump houses, laying pipelines, and executing electro-mechanical works, ensuring comprehensive project management from inception to commissioning. Effwa Infra operates across several states in India, including Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, and Rajasthan, as well as in Special Economic Zones like Adani Ports and in international markets.

As of March 31, 2024, Effwa Infra has completed over 45 water management projects for public sector undertakings, municipal corporations, states, and private companies. The company employs over 118 professionals, including 12 engineers specialising in wastewater treatment systems and 76 engineers in civil, mechanical, electrical engineering, instrumentation, automation, piping, safety, and quality control.

Industry Outlook:

  1. India's water and wastewater treatment market is projected to reach $2.08 billion by 2025, growing at a CAGR of 9.7% from $1.31 billion in 2020.
  2. The Indian construction market, valued at USD 639 billion, is expected to grow at a CAGR of over 6% during the forecast period.

Effwa Infra and Research Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funding 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.

Peer Details

The following are the listed industry peers of Effwa Infra and Research Limited:

  1. VA Tech Wabag Limited
  2. EMS Limited

How to Check the Allotment Status of the Effwa Infra and Research Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

Contact Details of Effwa Infra and Research Limited IPO

  • Registered office: G. No. 7, Vardhman Industrial Complex, Lal Bahadur Shastri Marg, Gokul Nagar, Thane West, Thane – 400601, Maharashtra, India
  • Phone: + 91 9833850052
  • E-mail: investor@effwa.co.in

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Total Revenue (in ₹ lakh) 14,551.46 11,541.36 10,461.67
Profit After Tax (PAT) (in ₹ lakh) 1,380.06 513.04 459.99
Cash & Cash Equivalents (in ₹ lakh) 83.95 304.52 58.39
Net Worth (in ₹ lakh) 3,715.05 2,355.89 1,842.85
Debt Equity Ratio (x) 0.38 0.69 0.56
Return on Equity (%) 45.46% 24.44% 28.35%
Return on Capital Employed (RoCE) (%) 40.99% 22.89% 24.76%
Diluted Earning Per Share (EPS)-in absolute ₹ 7.74 2.88 2.58

Know before investing

Strengths

7
  1. Established track record for timely execution of EPC projects.

  2. Order book value of ₹ 52,624.62 lakhs as of May 2024.

  3. Comprehensive water solutions provider with lifecycle services.

  4. In-house design and engineering expertise for complex projects.

  5. Lower investments due to an efficient outsourcing model since 2012.

  6. Experienced promoters with 20+ years in the water treatment industry.

  7. Advanced technologies for cost-effective, high-quality environmental solutions.

Risks

4
  1. Project delays and time overruns could adversely affect operations.

  2. Majority of revenue comes from a limited number of clients.

  3. Relies on various third parties, including contractors and service providers.

  4. Faces certain outstanding litigation impacting business stability.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Effwa Infra and Research IPO FAQs

What is Effwa Infra and Research Limited's IPO?

Effwa Infra and Research Limited’s IPO is a book-built issue IPO. It will be open from July 5, 2024, to July 9, 2024.

When will Effwa Infra and Research Limited's IPO be allotted?

The Basis of Allotment will happen on Wednesday, July 10, 2024.

When will Effwa Infra and Research Limited's IPO open for subscription?

The IPO subscription window will open on July 5, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will Effwa Infra and Research Limited list on exchanges?

The listing date for Effwa Infra and Research Limited is July 12, 2024.

How do I check the allotment status of the Effwa Infra and Research Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

What would be the listing gains on the Effwa Infra and Research Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Effwa Infra and Research Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Effwa Infra and Research Limited IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Effwa Infra and Research Limited using one PAN?

You can submit only one application using your PAN card.