EFFWA INFRA & RESEARCH Limited IPO GMP

EFFWA INFRA & RESEARCH LIMITED is an engineering powerhouse that offers cutting edge environmental solutions to various Industries and Municipal Authorities across the globe.

Effwa Infra IPO, a Book Built issue amounting to ₹51.27 crores, consisting a Fresh Issue of 53.16 lakh Shares worth ₹43.59 crores and an offer for sale of 9.36 Lakh shares totalling ₹7.67 crores. The subscription period for the Effwa Infra IPO opens on July 05, 2024, and closes on July 09, 2024. The allotment is expected to be finalized on or about Wednesday, July 10, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, July 12, 2024.

The Share price band of Effwa Infra IPO is set at ₹78 to ₹82 equity per share, with a minimum lot size of 1600shares. Retail investors are required to invest a minimum of ₹131,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3200 shares), amounting to ₹262,400.

SHRENI SHARES LIMITED is the book-running lead manager, BIGSHARE SERVICES PVT LTD is the registrar for the Issue. RIKHAV SECURITIES LIMITED is the sole market maker for the Effwa Infra IPO.

Effwa Infra & Research Limited IPO GMP Today
The Grey Market Premium of Effwa Infra & Research Limited IPO is expected in the range of ₹85 - ₹90 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Effwa Infra & Research Limited IPO Allotment Status
Effwa Research IPO allotment date is 10 July, 2024, Wednesday. Effwa Infra IPO Allotment will be out on 10th July 2024 and will be live on Registrar Website from the allotment date. Check Effwa Infra & Research Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Effwa Infra & Research Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Effwa Infra & Research Limited IPO
Effwa Infra Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹3,300.00 Lakhs is required for the funding working capital the company 
2. ₹41.00 Lakhs is required for the Funding of capital expenditure of the company towards purchase of new office Equipment's 
3. General corporate purposes

Refer to Effwa Infra & Research Limited RHP for more details about the Company.