Effwa Infra and Research IPO opens today: Check issue size, price band, GMP and other details
SME IPO of Effwa Infra and Research will open for subscription today and close on July 9. The company aims to raise about Rs 51.27 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Effwa Infra and Research
Effwa Infra and Research is engaged in the business 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.
2) Industry overview
The global water and wastewater treatment market is experiencing substantial growth due to population increase, urbanization, and industrial expansion. Stringent regulations, technological advancements, and smart water management solutions are driving innovation.
3) Effwa Infra and Research IPO size
The IPO is a combination of fresh equity issue of Rs 43.6 crore and an offer for sale of 9.36 lakh shares.
4) Effwa Infra and Research IPO price band
The company is offering its shares at Rs 78-82 apiece, and investors can bid for 1600 shares in 1 lot.
5) Effwa Infra and Research financial performance
For the year ended March 2024, the company clocked total revenues of Rs 145 crore and net profit of Rs 13.8 crore.
Also Read: Bansal Wire IPO: Should you subscribe to the Rs 745 cr-issue?
6) Objects of the offer
The net
