The IPO price range for Effwa Infra is 78-82 pence per share. The company hopes to raise 51.27 crore from the initial public offering (IPO), which will consist of an OFS of 9.36 lakh shares worth 7.68 crore and a fresh issue of 53.17 lakh equity shares worth 43.60 crore.(Effwa Infra & Research IPO, Today Gray Market Premium, Subscription Details, IPO Review)
Effwa Research and Infrastructure IPO: The first sale of stock (Initial public offering) of Effwa Infra and Exploration Ltd has been serious areas of strength for getting from financial backers as the issue was vigorously oversubscribed on the principal day of the offering. The SME IPO Effwa Infra and Research IPO went public on July 5.
Book-built, the Effwa Infra IPO will remain open until July 9. Engineering, consulting, procurement, construction, and integrated project management services are provided by Effwa Infra & Research.
Allow us to really look at Effwa Infra Initial public offering GMP, membership status and other key subtleties.
Effwa Infra and Research IPO Subscription Status
Status of Effwa Infra and Research IPO Subscriptions As of July 8, the second day of the bidding process, Effwa Infra & Research IPO has been subscribed 37.55 times. According to data available as of 1:25 p.m., the public issue received bids for 15.69 crore shares, compared to the offer’s 41.79 lakh shares.
The Initial public offering has been bought in 62.52 times in the retail classification, and 28.44 times in the Non-Institutional Financial backers (NII) classification up until this point.
Effwa Infra IPO GMP
Effwa Infra IPO GMP Stock market observers say that today’s Effwa Infra IPO GMP, or grey market premium, increased to 95 per share. This indicates that the grey market price of Effwa Infra and Research’s equity shares is 177, nearly 116% higher than the issue price of 82.
Effwa Infra and Research IPO Details
Information About the IPO of Effwa Infra and Research The IPO of Effwa Infra and Research opened for subscriptions on July 5 and will close on July 9 The listing date is July 12, and the IPO allotment is expected to be finalized on July 10. The shares of Effwa Infra and Research will be listed on the NSE SME.
The IPO price range for Effwa Infra is 78-82 pence per share. The company hopes to raise 51.27 crore from the book-built issue, which combines an offer-for-sale (OFS) of 9.36 lakh shares worth 7.68 crore and a fresh issue of 53.17 lakh equity shares worth 43.60 crore.
Effwa Infra and Research raised 14.34 crore from anchor investors prior to the IPO’s launch.
The IPO lot size is 1,600 shares, and retail investors must invest at least 131,200 yen.
Shreni Offers Restricted is the book running lead administrator of the Effwa Infra and Exploration Initial public offering, while Bigshare Administrations Pvt Ltd is the Initial public offering enlistment center.
