Market & News

graph-market IPO

Effwa Infra & Research Ltd

Registered Office: G.No.7 Vardhman Ind. Complex,Lal Bahad.Shastri Marg Than W, Thane - 400601, Maharashtra, India.
Phone : +91 98338 50052   Fax:
Email :  investor@effwa.co.in  
Website :  www.effwa.co.in

Initial public offer of 62,52,800 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Effwa Infra & Research Limited ("The Company" or "Effwa" or "The Offeror") at an offer price of Rs. 82/- per equity share for cash, aggregating to Rs. 51.27 crores comprising of fresh offer of 53,16,800 equity shares aggregating to Rs. 43.60 crores ("Fresh Offer") and an offer for sale of 9,36,000 equity shares by Varsha Subhash Kamal and Subhash Ramavtar Kamal ("Selling Shareholders") aggregating to Rs. 7.68 crores ("Offer for Sale") ("Public Offer"). The offer includes a reservation of 3,24,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 82/- per equity share for cash, aggregating to Rs. 2.66 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of 59,28,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 82/- per equity share for cash, aggregating to Rs. 48.61 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 27.01% and 25.61% respectively of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The offer price is 8.2 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
05-Jul-24 09-Jul-24 82.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 1600   Further Multiples of : 1600
  Rs Cr Lead Managers to the Issue
Project Cost 38.32 Shreni Shares Ltd
Project Financed through Current Offer 51.27  
Post Issue Equity Share Capital 23.15  
Issue Price 82.00  

Projects

  • Funding working capital requirements of the company
  • Funding of capital expenditure requirements of the company towards purchase of office equipments
  • General corporate purposes

Promoted By

Varsha Subhash Kamal

Subhash Ramavtar Kamal

Listing At

NSE - SME

Registrar to the Issue

No Data Available

x
x
×
Let's Chat
close
refresh