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TCS, HDFCBANK, SBI Liquid Fund (G)
Effwa Infra & Research Ltd.

EFFWA

Equity

NSE

Min. Investment

78,000.00

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IPO Details

Bidding Dates

05 Jul 24 - 09 Jul 24

Price Range ₹

78 - 82

Total Equity

51.27Cr

Lot Size

1600

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

05 Jul 2024

Offer end

09 Jul 2024

Allotment

10 Jul 2024

Refund initiation

11 Jul 2024

Demat transfer

11 Jul 2024

Listing

12 Jul 2024

About Company

Founded in 2014, Effwa Infra & Research Limited provides comprehensive services in engineering, consulting, procurement, construction, and integrated project management focused on water pollution control. This includes wastewater and industrial effluent treatment, solid waste treatment and disposal, aeration systems, hazardous waste management, and water treatment plants. The company also offers project organization, management, procurement, financing, and implementation services as a consultant and expert. It emphasizes environmentally friendly waste processing practices, managing Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP), and Hazardous Waste Management. For water management projects, Effwa Infra & Research Limited handles design, construction, and procurement of raw materials, including the installation of wells and pump houses, laying pipelines, electro-mechanical work, and overall project management until commissioning. The company operates in Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, and Rajasthan, as well as in the Special Economic Zone, including Adani Ports, and in international markets. As of March 31, 2024, the company has successfully completed over 45 water management infrastructure projects for public sector undertakings, municipal corporations, state governments, and private companies. By this date, Effwa Infra & Research Limited employed over 118 people, including 12 engineers specializing in planning, design, and construction of wastewater treatment and recycling systems with a focus on zero discharge systems and transport systems for secondary treated and fresh water. Additionally, 76 engineers are dedicated to civil, mechanical, and electrical engineering, instrumentation and automation, piping, safety, and quality control.

Year Founded

06-01-2014

Promotor Details

Varsha Subhash Kamal

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage99.9972.99
Share Capital1783036316894363

Offer to Public

62,52,800.00 Cr

Project Details

  • Funding working capital requirements of our company - 330cr
  • Funding of capital expenditure requirements of our company towards purchase of office Equipments - 4.1cr

Objectives

  • Funding working capital requirements of our company.Funding of capital expenditure requirements of our company towards purchase of office Equipments.General corporate purposes.

Highlights

  • The company has an established track record for timely execution and offers complete water solutions, demonstrating reliability and expertise in the industry.
  • With in-house expertise in designing and engineering water management infrastructure projects, the company utilizes advanced technologies in construction and installations, ensuring high-quality outcomes.
  • The company's outsourcing model results in lower investments and capital expenditures for its projects, enhancing financial efficiency.
  • An experienced promoter and management team, combined with a focus on attracting, retaining, and training qualified personnel, strengthen the company’s core capabilities.
  • The company aims to increase project sizes and pre-qualifications, strengthen its presence in high-growth emerging markets, and expand relationships with existing customers, supporting future growth and market expansion.

Challenges

  • The company faces certain outstanding litigation, and an adverse outcome could negatively impact its business, reputation, and operational results.
  • The company is required to furnish bank guarantees as part of its business operations. Failure to arrange these guarantees or the invocation of such guarantees could adversely affect its cash flows and financial condition.
  • The company derives a majority of its revenue from a limited number of clients. Losing one or more of these clients could have a material adverse effect on its business, financial condition, and operational results.
  • The current order book may not fully translate into future income. Orders could be modified, canceled, delayed, put on hold, or not fully paid for, adversely affecting the company's business, financial condition, and future prospects.
  • The company depends on various third parties, including contractors and independent service providers, for raw materials, services, and finished goods. Any failure on their part could materially impact the company’s business, financial condition, and operational results.
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