| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹51.27 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹51.27 Cr |
| Fresh Issue | ₹40.93 Cr |
| Offer for Sale | ₹7.68 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน78.00-82.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | EFFWA |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Effwa Infra & Research Limited was founded in 2014 and provides engineering, consulting, procurement, construction and integrated project management services in the field of water pollution control, covering wastewater and industrial effluent treatment, solid waste treatment and disposal, aeration systems, hazardous waste management and water treatment plants.
In addition, the company offers project organization, management, procurement, financing, and implementation as a consultant and expert. The focus is on ensuring environmentally friendly waste processing practices, including the management of Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP) and Hazardous Waste Management.
Infrastructure for the water management project includes design of the project, construction and procurement of raw materials including installation of wells including pump houses, laying of pipelines, electro-mechanical works, execution on site with overall project management till commissioning of the projects.
The company offers its services in the states of Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh and Rajasthan as well as in the Special Economic Zone, which includes Adani Ports, and in the international market.
As of March 31, 2024, the company has successfully completed over 45 water management infrastructure projects for public sector undertakings, municipal corporations, states, and private companies.
As of March 31, 2024, the company employed over 118 people, including 12 engineers in the areas of planning, design, and construction of wastewater treatment and recycling systems with a focus on zero discharge systems with transport systems for secondary treated wastewater and fresh water and 76 engineers in the areas of civil, mechanical and electrical engineering, instrumentation and automation, piping and safety and quality control.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company; | 33.00 |
| 2 | Funding of capital expenditure requirements of the company towards purchase of new office Equipments; | 0.41 |
| 3 | General corporate purposes; | 4.91 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 83.03 | 64.79 | 46.48 |
| Total Income | 145.51 | 115.41 | 104.62 |
| Profit After Tax | 13.80 | 5.13 | 4.60 |
| NET Worth | 37.15 | 23.56 | 18.43 |
| Reserves and Surplus | 19.32 | 21.23 | 16.10 |
| Total Borrowing | 14.06 | 16.23 | 10.26 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 45.46% |
| ROCE | 40.99% |
| Debt / Equity | 0.38% |
| RoNW | 37.15% |
| PAT Margin | 9.51% |
| Price to Book Value | 3.93 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 7.74 | 5.96 |
| P/E (x) | 10.59 | 13.75 |
| Promoter Holding | 99.99% | 72.99% |
| Market Cap | โน189.81 Cr. | |