Rs 85 IPO GMP Today: 97% latest grey market premium - Check company name

Authored by : Varun Yadav Updated Jul 8, 2024 13:39 IST Effwa Infra IPO GMP today.

Effwa Infra IPO GMP Today: The SME IPO of Effwa Infra and Research Limited opened for subscription on July 05 and will be available for bidding until July 09. The company offers engineering, consulting, procurement, construction, and integrated project management services. The Company is aiming to raise about Rs 51.27 crore through IPO. The issue comprises fresh shares of 53.17 lakh equity shares worth Rs 43.60 crore and an offer for sale (OFS) of 9.36 lakh shares worth Rs 7.68 crore.

Effwa Infra IPO has been subscribed 27.33 times on the second day of the subscription, with a strong demand from retail investors of 47.02 times.

Effwa Infra IPO price band The price range for the shares in the Effwa Infra and Research IPO is set between Rs 78 and Rs 82 per share.

Effwa Infra IPO lot size The IPO lot size is 1,600 shares, requiring a minimum investment of Rs 131,200 for retail investors.

Effwa Infra IPO book-running lead manager, registrar Shriram Shares Limited is the book-running lead manager for the Effwa Infra and Research IPO, while Bigshare Services Private Limited is the IPO registrar.

Effwa Infra IPO GMP According to several websites tracking the grey market premium (GMP), Effwa Infra and Research IPO shares are trading at a GMP of Rs 80-95. The GMP is the extra amount investors are willing to pay for IPO shares in the unlisted market before they are listed on the stock exchange.

Effwa Infra IPO allotment, listing date The share allotment for Effwa Infra and Research IPO is expected to be finalized by July 10. Subsequently, refunds will be given to unsuccessful bidders, and shares will be credited to the demat accounts of successful bidders on July 11. The company's shares will be listed on the NSE SME on July 12.