Effwa Infra and Research IPO is a book-built issue amounting to Rs 51.27 crores. This IPO comprises a fresh issue of 53.17 lakh shares, aggregating Rs 43.60 crores, and an offer for sale of 9.36 lakh shares, aggregating Rs 7.68 crores. Effwa Infra and Research operates in the infrastructure and research sector.
The subscription for the Effwa Infra and Research IPO opens on July 5, 2024, and closes on July 9, 2024. The allotment is expected to be finalized on Wednesday, July 10, 2024, with the listing on NSE SME tentatively scheduled for Friday, July 12, 2024.
The price band for the Effwa Infra and Research IPO is set between ₹78 and ₹82 per share. Investors can apply for a minimum lot size of 1600 shares, requiring a minimum investment of ₹131,200 for retail investors. High Net Worth Individuals (HNIs) need to invest in at least 2 lots, amounting to 3,200 shares or ₹262,400.
Shreni Shares Limited is the book-running lead manager for the Effwa Infra and Research IPO, while Bigshare Services Pvt Ltd serves as the registrar. Rikhav Securities is the market maker for this IPO.
Effwa Infra and Research IPO Details:
| Company Name | Effwa Infra and Research |
| Sector | Infrastructure and Research |
| IPO Type | SME |
| IPO Open date | 05th July 2024 |
| IPO Close date | 09th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Effwa Infra and Research IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,31,200 |
| HNI (Min) | 2 | 3200 | 2,62,400 |
Effwa Infra and Research IPO Timeline:
| IPO Open Date | 05th July 2024 |
| IPO Close Date | 09th July 2024 |
| Basis of Allotment | 10th July 2024 |
| Refund Initiation Date | 11th July 2024 |
| Shares Credit to Demat | 11th July 2024 |
| Listing Date | 12th July 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
