Effwa Infra & Research Ltd - IPO

Effwa Infra & Research Ltd IPO Details

Initial public offer of 62,52,800 equity shares of face value of Rs. 10/- each (the Equity Shares) of Effwa Infra & Research Limited (The Company or Effwa or The Offeror) at an offer price of Rs. 82/- per equity share for cash, aggregating to Rs. 51.27 crores comprising of fresh offer of 53,16,800 equity shares aggregating to Rs. 43.60 crores (Fresh Offer) and an offer for sale of 9,36,000 equity shares by Varsha Subhash Kamal and Subhash Ramavtar Kamal (Selling Shareholders) aggregating to Rs. 7.68 crores (Offer for Sale) (Public Offer). The offer includes a reservation of 3,24,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 82/- per equity share for cash, aggregating to Rs. 2.66 crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. net offer of 59,28,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 82/- per equity share for cash, aggregating to Rs. 48.61 crores is herein after referred to as the Net Offer. The public offer and net offer will constitute 27.01% and 25.61% respectively of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The offer price is 8.2 times the face value of the equity shares.

Objective of issue

Funding working capital requirements of the company. Funding of capital expenditure requirements of the company towards purchase of office equipments. General corporate purposes.

Effwa Infra & Research Ltd Contact Details

Effwa Infra & Research Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@effwa.co.in

Website - www.effwa.co.in