Effwa Infra & Research Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹82
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,31,200
Issue Size
₹51.27 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.28%
QIB Quota
49.2%
NII Quota
15.52%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Effwa Infra & Research Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
72.99%
Issue Type
Book Building - SME
ISIN
INE0U9101019
About the Company
Effwa Infra & Research Limited is engaged in the business of engineering, consultancy, procurement, construction and integrated project management services in water pollution control, encompassing sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management, and water treatment plants. Additionally, the company specializes in hazardous waste incineration. The Company also functions as consultants and advisors, providing a range of services encompassing project organization, management, equipment procurement, funding, and project execution. Its expertise spans the entire project lifecycle, from registration and design to implementation, supervision, and finalizing contract terms.
Industry Overview
The global water and wastewater treatment market is experiencing substantial growth due to population increase, urbanization, and industrial expansion. Stringent regulations, technological advancements, and smart water management solutions are driving innovation. Decentralized systems, sustainability initiatives, and resource recovery technologies are gaining prominence. Concerns over water scarcity and pollution are stimulating investments in water conservation and efficient management practices. Overall, the market is evolving towards more efficient, sustainable, and decentralized solutions to address the challenges of water scarcity and pollution while meeting regulatory standards and ensuring public health.
Company History
Effwa Infra & Research Limited was originally incorporated under the name "Effwa Infra & Research Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 06, 2014, issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, the status of the Company was changed to public limited and the name of the Company was changed to "Effwa Infra & Research Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on March 05, 2024. The fresh certificate of incorporation consequent to conversion was issued on May 02, 2024, by Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Centralised Processing Centre. The Corporate Identification Number of the Company is U90001MH2014PLC251793.
Products & Services
- Effwa Infra & Research Limited", ("EIRL") is engaged in the business of engineering, consultancy, procurement, construction and integrated project management services in water pollution control, encompassing sewage and industrial effluent treatment,
- solid waste treatment and disposal, ventilation systems, hazardous waste management and water treatment plants.
Growth Strategy
- Continue to enhance its core strengths by attracting, retaining and training qualified personnel.
- Strengthen its presence in high growth emerging markets.
- Increasing the size of projects and its pre-qualification.
- Expand relationships with its existing customers.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established track record for timely execution.
- Its Order Book.
- Complete water solutions provider.
- In-house expertise in designing and engineering of water management infrastructure projects.
- Lower investments and capital expenditure in its projects due to its outsourcing model.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- The company is required to furnish bank guarantees as part of its business. The company's inability to arrange such guarantees or the invocation of such guarantees may adversely affect its cash flows and financial condition.
- The company derived majority of its revenue from a limited number of clients and the loss of one or more of them could have a material adverse effect on its business, financial condition and results of operations.
- Its current order book may not necessarily translate into future income in its entirety. Some of its current orders may be modified, cancelled, delayed, put on hold or not fully paid for by the company customers, which could adversely affect its business, financial condition, results of operations and future prospects.
- The company depends on various third parties, including its contractors and independent service providers, over whom its may have no control.