Effwa Infra IPO

Effwa Infra & Research Ltd

₹1,24,800 /1600 sharesMinimum Investment

Effwa Infra IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
5 Jul ‘24 - 9 Jul ‘24₹1,24,8001,600₹78 - ₹82
Issue SizeIPO Doc
51.27Cr
RHP PDF

About Effwa Infra

Effwa Infra & Research Limited (EIRL) is engaged in engineering, consultancy, procurement, construction, and integrated project management services focused on water pollution control. They are involved in sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management, and water treatment plants. EIRL also offers consultancy and advisory services, assisting with project organisation, management, equipment procurement, funding, and execution. EIRL serves industries including textiles, leather, paper, food processing, dairy, chemicals, dyes and intermediates, steel, mining, power, pharmaceuticals and bulk drugs, sugar, distilleries, fertilizers, pesticides, ceramics, petrochemicals, and more. The company provides services throughout the entire project lifecycle, from concept to commissioning. Their services include preparing project feasibility reports, technology selection, project management, process design, basic and detailed engineering, procurement, inspection, supply chain management, cost engineering, planning and scheduling, and facilitating statutory and regulatory approvals for Indian projects. They also offer equipment design, environmental engineering, materials and maintenance services, plant operation, and safety services.;
Founded in
2014
Managing director
Dr. Varsha Subhash Kamal
Parent organisation
Effwa Infra & Research Ltd

Strengths & Financials of Effwa Infra

Strengths
Risks
EIRL implements the 4R concept—Reducing, Recycling, Reusing, and Rehabilitation—to provide technological solutions for various industries. This approach helps achieve Zero Liquid Discharge by recovering and recycling water from effluent streams.
In the domestic market, the company operates in eight states and one Special Economic Zone (SEZ). These regions include Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, Rajasthan, and the Adani Port SEZ. It also has an international presence…….
EIRL is involved in the design, installation, and commissioning of water waste management infrastructure projects. As of May 31, 2024, the company’s order book stood at Rs 526.25 crore, with several ongoing projects.
EIRL has experienced a steady increase in revenue from operations. As of March 31, 2022, the company’s revenue from operations stood at Rs 104.37 crore, which increased to Rs 115.09 crore on March 31, 2023, and further rose to Rs 145.16 crore in 2024.
A significant portion of the company's revenue comes from a small number of clients. For the financial years ending March 31, 2024, 2023, and 2022, the top 10 clients accounted for 98.14%, 96.37%, and 98.71% of revenue, respectively. Losing any of these key clients could negatively impact the company’s business.
A major portion of the company’s revenue is derived from its effluent treatment plant services. The company's success depends heavily on its ability to anticipate industry and customer needs and effectively utilise resources to meet these requirements. Failing to do so could harm the reputation of the company’s services and adversely affect its revenue, reputation, financial conditions, and cash flow.
Water treatment, reuse, and zero liquid discharge technologies are rapidly evolving. Any inability to keep up with these technological changes could negatively impact EIRL's business, operational results, and financial condition.
A large portion of EIRL's revenue comes from government institutions. For the financial year ending March 31, 2022, 52.28% of its revenues came from government institutions, while in FY23 the figure stood at 43.02% and in FY24 it was 46.57%. Any change in government policies or budgets in this area could adversely impact the company’s prospects.
The company has contingent liabilities amounting to Rs 23.40 crore as of March 31, 2024. If these liabilities materialise, they could adversely affect the company’s financial situation.
The company has unsecured loans totalling Rs 10.98 crore as of March 31, 2024, which can be recalled by lenders at any time, posing a potential risk to financial stability.
The company has outstanding litigation worth Rs 3.33 crore against it. Any adverse outcome in these cases may adversely affect its business.

Effwa Infra Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Effwa Infra IPO

Apply asPrice bandApply Range
Regular78 - 82₹2 - 5 Lakh
High Networth Individual78 - 82₹2 - 5 Lakh
For Effwa Infra IPO, eligible investors can apply as Regular.