IPO : Effwa Infra & Research Limited
Effwa Infra & Research Limited IPO
| SYMBOL | EFFWA |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Friday, July 5, 2024 |
| ISSUE CLOSES ON | Tuesday, July 9, 2024 |
| ISSUE PRICE | ₹78 to ₹82 per share |
| ISSUE SIZE | Up to Rs.51.27 Crores |
| FACE VALUE | Rs.10 per share |
Effwa Infra and Research IPO is a book built issue of Rs 51.27 crores. The issue is a combination of fresh issue of 53.17 lakh shares aggregating to Rs 43.60 crores and 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. The allotment for the Effwa Infra and Research IPO is expected to be finalized on Wednesday, July 10, 2024. Effwa Infra and Research IPO will list on NSE SME with tentative listing date fixed as Friday, July 12, 2024.
| MINIMUM BID | 1600 shares |
| MINIMUM AMOUNT | Rs.131,200 |
| MAXIMUM BID | 1600 shares |
| MAXIMUM AMOUNT | Rs.131,200 |
| PROMOTER HOLDING | 72.99% (Post-issue) |
| LISTING DATE | Friday, July 12, 2024 |
| LISTING AT | NSE-SME |
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. The minimum amount of investment required by retail investors is ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400.
Objects of the Issue (Effwa Infra and Research IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
- Funding working capital requirements of the company;
- Funding of capital expenditure requirements of the company towards the purchase of new office Equipment; and
- General corporate purposes.
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