Effwa Infra and Research IPO booked over 314 times on last day; check key details

The Effwa Infra and Research IPO (Effwa Infra & Research Limited) witnessed strong demand on Tuesday, July 9, the final day of bidding. The NSE SME issue was oversubscribed nearly 314 times on the last day of subscription.

Investors across categories placed bids for more than 131.11 crore shares against the 41.79 lakh shares on offer, leading to an overall subscription of 313.72 times.

The Effwa Infra and Research IPO was booked 477.62 times by Non-Institutional Investors (NIIs) with applications for 43.94 crore shares against the 9.2 lakh shares set aside for the category.

Retail investors placed bids for over 67.71 crore shares of Effwa Infra and Research compared to 20.91 lakh shares reserved for the category. The issue was subscribed 323.81 times in the retail category.

The Qualified Institutional Buyers (QIBs) applied for more than 19.45 crore shares against 11.68 lakh shares reserved for the segment. The QIBs’ category of the IPO was booked 166.56 times.

Effwa Infra and Research IPO price band, issue size and other details

Effwa Infra and Research IPO was a book-building issue worth ₹51.27 crore. The public offer comprised a fresh issue of 53.17 lakh shares aggregating ₹43.6 crore and an offer for sale of 9.36 lakh shares aggregating ₹7.68 crore. The price band for the Effwa Infra and Research IPO was fixed at ₹78 to ₹82 per share.

The minimum lot size to apply for Effwa Infra and Research IPO was one lot of 1,600 shares for retail investors, aggregating to an investment of ₹1,31,200.

Effwa Infra and Research IPO share allotment status and listing date

The share allotment status for the NSE SME issue is likely to be finalised by Wednesday, July 10. Refunds will be initiated for unsuccessful bidders, and successful bidders will receive shares of Effwa Infra Research in their demat accounts on Thursday, July 11. Shares of Effwa Infra and Research are likely to be listed on Friday, July 12. The company’s shares will be listed on the NSE SME platform, Emerge.

About Effwa Infra and Research

Effwa Infra & Research Limited is a provider of engineering, consulting, procurement, construction and integrated project management services. The company provides its services in the field of water pollution control. As of March 31, 2024, the company has successfully completed over 45 water management infrastructure projects.

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