On the last day of bidding for the Effwa Infra and Research IPO, the issue was subscribed 313.65 times. Qualified Institutional Buyers (QIBs) subscribed 166.56 times, Non-Institutional Buyers (NIIs) subscribed 477.27 times, and Retail investors subscribed 323.81 times, according to chittorgarh.com.
The SME IPO which aims to raise Rs 51.27 crore, closed for subscription on July 9. The issue included a fresh issue of 53.17 lakh shares worth Rs 43.60 crore and an offer for sale of 9.36 lakh shares worth Rs 7.68 crore. The IPO price band was set between Rs 78-82 per share, with a minimum application lot size of 1,600 shares, requiring a minimum investment of Rs 131,200 for retail investors.
The allotment for Effwa Infra and Research IPO will be finalised on Wednesday, July 10.
Investors can check Effwa Infra and Research IPO allotment status on Bigshare Services Pvt Ltd.
Effwa Infra and Research IPO allotment status on Bigshare Services: Step-by-step guide
Visit the official website of Bigshare Services here: https://www.bigshareonline.com/ipo_Allotment.html
Select any one server to check your IPO Allotment Status.
Choose "Effwa Infra and Research Limited" from the list of companies.
In the Selection Type dropdown, choose either Application number, Beneficiary ID, or PAN ID.
Enter the required information, that could be your application number, PAN (Permanent Account Number), or Beneficiary Id.
Complete the 'captcha' to verify that you are not a robot.
Finally, click the "Search" button to check your allotment status.
Effwa Infra and Research IPO Listing Date
Shares of Effwa Infra and Research Limited are set to be listed on NSE SME on Friday, July 12.
Effwa Infra and Research IPO Timeline
IPO Open Date: Friday, July 5
IPO Close Date: Tuesday, July 9
Basis of Allotment: Wednesday, July 10
Initiation of Refunds: Thursday, July 11
Credit of Shares to Demat: Thursday, July 11
Listing Date: Friday, July 12
About Effwa Infra and Research Limited
Effwa Infra & Research Limited, founded in 2014, provides engineering and project management services for water pollution control. They specialise in treating wastewater, industrial effluent, and hazardous waste, and also handle solid waste treatment and disposal. The company designs, constructs, and manages projects like Effluent Treatment Plants (ETP), Sewage Treatment Plants (STP), and Water Treatment Plants (WTP). They operate in several Indian states and internationally, with over 45 completed projects by March 2024.
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