Effwa Infra IPO Sees Strong Investor Demand, Subscribed 50.23x on Day 2

Effwa Infra's IPO maintained its impressive momentum on Day 2, achieving a 50.23x subscription rate, reflecting significant market interest and strong investor confidence in the company's growth prospects.
Effwa Infra IPO Sees Strong Investor Demand, Subscribed 50.23x on Day 2

On the second day of the Effwa Infra & Research Limited IPO, a total of 45,04,000 shares were offered. The IPO received bids for 22,62,54,400 shares, resulting in an overall subscription rate of 50.23 times, indicating strong interest from various investor categories.


How To Check Effwa Infra & Research Limited IPO Subscription Status?

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Effwa Infra & Research Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Effwa Infra & Research IPO Allotment Status

The allotment date for the Effwa Infra & Research IPO is set for July 10, 2024, with shares priced at a range of ₹78 to ₹82 per share and a face value of ₹ 10. The offering consists of lots of 1600 shares, with bids accepted for these lots or their multiples. 

Effwa Infra & Research IPO Subscription Status

Effwa Infra & Research IPO had a robust start on Day 1, achieving a 15.72x subscription rate, highlighting significant market interest and investor confidence in the company’s growth potential.

Effwa Infra & Research Limited IPO Listing Date 

Effwa Infra & Research IPO is expected to be listed on the NSE SME on July 12, 2024.

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