Effwa Infra and Research Makes Stellar Debut with 90% Premium, Shares Lists at ₹155.80Effwa Infra and Research Makes Stellar Debut with 90% Premium, Shares Lists at ₹155.80

Effwa Infra and Research made an impressive debut on the NSE SME, with its shares opening at ₹155.80 each, marking a 90% premium over the IPO price of ₹82. The stock’s robust start on Friday reflects a strong market reception.

The Effwa Infra and Research IPO saw overwhelming demand, with a total subscription rate of 313.65 times. It attracted bids for 131.07 crore shares against an offering of 41.79 lakh, showing strong interest across retail, QIB, and NII categories.

Effwa Infra & Research Limited (EIRL) specialises in engineering and consultancy for water pollution control and waste management, offering full-cycle project services from feasibility to post-commissioning. EIRL excels in Zero Liquid Discharge solutions and secures contracts via competitive bids. The IPO was highly successful, drawing intense demand across retail, QIB, and NII categories with substantial oversubscription rates.

Effwa Infra & Research Ltd’s IPO aims to fund working capital, office equipment upgrades, and general corporate purposes, enhancing operations and supporting growth across various business areas.