Effwa Infra and Research IPO Allotment: A Step-by-Step Guide for Investors

As the initial public offering (IPO) of Effwa Infra and Research Ltd comes to a close, investors are eagerly awaiting the allotment of shares. The IPO, which opened for subscription on July 5 and closed on July 9, received a remarkable response from investors across segments. In this article, we will guide you through the process of checking your Effwa Infra and Research IPO allotment status and provide you with the latest updates on the IPO’s grey market premium and listing date.

Effwa Infra and Research IPO Allotment Date

The IPO allotment is expected to be finalized today, July 10, and the listing date is scheduled for July 12. The company will credit the equity shares into the demat accounts of investors who have received the allotment on July 11, while those whose applications have been rejected will receive refunds on the same day.

Checking Effwa Infra and Research IPO Allotment Status

Investors can check their allotment status online by following these easy steps:

1. Visit the official website of Bigshare Services Pvt Ltd, the IPO registrar, at https://ipo.bigshareonline.com/ipo_status.html.
2. Select Effwa Infra and Research Limited from the Company Selection dropdown menu.
3. Choose either Application No, Beneficiary Id, or PAN from the Selection Type menu.
4. Enter the required details as per the option selected.
5. Enter the Captcha code and click on Search.
6. Your Effwa Infra and Research IPO allotment status will be displayed on the screen.

Effwa Infra and Research IPO Subscription Status

The public issue received a robust subscription of 313.65 times, with bids for 131.07 crore equity shares against the offer of 41.79 lakh shares. The subscription status was as follows:

• Retail category: 323.81 times
• Qualified Institutional Buyers (QIB) category: 166.56 times
• Non-Institutional Investors (NII) category: 477.27 times

Effwa Infra and Research IPO GMP Today

Effwa Infra and Research shares are trading at a premium in the unlisted market, with a grey market premium of ₹120 per share. This indicates that the shares are trading higher by ₹120 apiece than their IPO price of ₹82 per share. The estimated listing price of Effwa Infra and Research shares is ₹202 apiece, a premium of 146.95% to the IPO price.

Effwa Infra and Research IPO Details

The bidding for Effwa Infra and Research IPO began on Friday, July 5, and ended on Tuesday, July 9. The IPO price band was set at ₹78 to ₹82 per share, and the company raised ₹51.27 crore from the book-built issue. The issue consisted of a fresh issue of 53.17 lakh equity shares worth ₹43.60 crore and an offer-for-sale (OFS) component of 9.36 lakh shares worth ₹7.68 crore.

Conclusion

In conclusion, Effwa Infra and Research IPO allotment is expected to be finalized today, and investors can check their allotment status online by following the steps mentioned above. The IPO received a remarkable response from investors, and the shares are trading at a premium in the unlisted market. With the listing date scheduled for July 12, investors are eagerly awaiting the listing of Effwa Infra and Research shares on NSE SME.

Historical Context:

Effwa Infra and Research Ltd is a relatively new company, and this is its first Initial Public Offering (IPO). The IPO market in India has been growing steadily over the past few years, with many companies opting for this route to raise capital and increase their visibility. The IPO market has seen a significant increase in activity in recent years, with many companies listing on the stock exchanges. The Indian IPO market has been driven by the growth of the economy, increasing investor confidence, and the need for companies to raise capital for expansion and growth.

The IPO process typically involves a company issuing shares to the public for the first time, allowing it to raise capital and increase its visibility. The process involves several stages, including the filing of the draft red herring prospectus (DRHP), the finalization of the IPO price, and the opening and closing of the subscription period. The IPO is then listed on the stock exchange, and the shares are traded publicly.

The IPO market in India is regulated by the Securities and Exchange Board of India (SEBI), which sets the rules and guidelines for IPOs. The IPO process is complex and involves several stakeholders, including the company, the lead managers, the registrar, and the stock exchange.

Summary in Bullet Points:

• Effwa Infra and Research Ltd’s IPO allotment is expected to be finalized on July 10, and the listing date is scheduled for July 12. • Investors can check their allotment status online by visiting the official website of Bigshare Services Pvt Ltd and following the steps mentioned in the article. • The IPO received a robust subscription of 313.65 times, with bids for 131.07 crore equity shares against the offer of 41.79 lakh shares. • The subscription status was as follows: Retail category - 323.81 times, QIB category - 166.56 times, and NII category - 477.27 times. • Effwa Infra and Research shares are trading at a premium in the unlisted market, with a grey market premium of ₹120 per share. • The estimated listing price of Effwa Infra and Research shares is ₹202 apiece, a premium of 146.95% to the IPO price. • The IPO price band was set at ₹78 to ₹82 per share, and the company raised ₹51.27 crore from the book-built issue. • The issue consisted of a fresh issue of 53.17 lakh equity shares worth ₹43.60 crore and an offer-for-sale (OFS) component of 9.36 lakh shares worth ₹7.68 crore.