Effwa Infra and Research IPO

Effwa Infra & Research Ltd IPO: INR 51.27 Cr, fresh issue 53,16,800 shares (INR 40.63 Cr) & offer to sell 9,36,000 shares (INR 7.68 Cr) for working capital & corporate needs.

Important Details

Open Date : July 5, 2024  Close Date : July 9, 2024 Allotment Date: July 10, 2024 Listing Date: July 12, 2024

Important Details

IPO Price: INR 78-82 per share Lot Size: 1600 Shares Total Issue Size: INR 51.27 crores

Fundamental Analysis

Effwa Infra and Research IPO analysis shows mixed performance: 1. Steady revenue increase, Growth in equity & liabilities. 2. Improved profitability and EPS, Decreased RoNW. 3. Strengthened total assets and liquidity. 4. Challenges with short-term obligations.

Peer Comparison

Effwa Infra & Research Ltd shows strong EPS, moderate ROE, & solid valuation metrics compared to VA Tech Wabag Limited and EMS Limited in the infrastructure sector.


Effwa Infra & Research Ltd main objective is to fund working capital and capital expenditures for new office equipment.

Risks And Challenges

Effwa Infra and Research IPO risks: 1. Potential litigation & legal expense increases. 2. Challenges with bank guarantees affecting working capital. 3. Heavy reliance on a few clients impacting financial stability.