Effwa Infra and Research IPO: The IPO of Ifwa Infra & Research was subscribed 314 times on the last day of the bidding process on Tuesday. The issue was heavily subscribed by retail investors and non-institutional investors. Let us tell you that this IPO was opened on 5th July and closed on 9th July. The allotment will be done on July 10. The company’s shares will be listed on July 12. Let us tell you that the price band of the issue was fixed at Rs 78 to Rs 82 per share.
What’s going on GMP?
Ifva Infra shares are trading at a premium of Rs 120.50 in the unlisted market. This is at a 147% premium to the IPO price. That means the company’s shares can be listed at Rs 202.5. The total size of the IPO is ₹51.27 crore. The public offering is a mix of fresh issue of shares totaling ₹43.6 crore and offer for sale (OFS) component of 9.36 lakh shares.
what are the details
The company posted total revenue of Rs 145 crore and net profit of Rs 13.8 crore for the year ending March 2024. The funds raised from the IPO will be used to finance the company’s working capital requirements, capital expenditure and other general corporate purposes. Let us tell you that IFWA Infra and Research is active in the business of engineering, consultancy, procurement, construction and integrated project management services in water pollution control.
Stormy rise of 2700% in ₹1 power share, now price will cross ₹34, debt free company
There was a huge rise in the share of ₹ 40, there was a rush to buy, the price increased by 2600%
You will not get the same returns as before!
Let us tell you that the returns in the equity stock market for investors in the next three years will not be as good as the last three years. A senior official of mutual fund company Franklin Templeton said this recently. The company’s chief investment officer (emerging markets equities) R Janakiraman said returns would be “decent” and it would outperform other asset classes. This comes at a time when benchmark indices hit new all-time highs and concerns are being raised over high valuations in the equity market. Janakiraman said market valuations are high because India is in the initial phase of growth, which will last for about five years. He also tried to address concerns about investing too much money in too few stocks.
