Effwa Infra IPO subscription opens today, June 5; Check price band, size as GMP soars

Yet another issue is hitting the markets today. Effwa Infra IPO subscription opens for business June 5 and already it is gaining traction. Check Effwa Infra GMP today.

Effwa Infra IPO subscription starts from today. Check Effwa Infra & Research IPO GMP today. (Pixabay)

The fresh issue space in the Indian market is refusing to cool down. Now, yet another IPO is all set to open for business today and the company is Effwa Infra & Research. Notably, it is already acquiring some traction in the grey market. Effwa Infra IPO subscription starts today and all the interested investors can check the basic information available about the issue that they will need. What is notable about these fresh issues recently is that almost all of them have skyrocketed in value. Also, the Indian stock markets have been inking new all-time highs virtually on a daily basis. With spirits so high, investors should sit back and be a little cautious about how they go about identifying issues to subscribe to.  

Effwa Infra & Research IPO GMP today

Effwa Infra & Research IPO GMP today is a massive Rs 85, according to InvestorGain! It was Rs 60 yesterday! Therefore with a price band of Rs 82 Effwa Infra IPO listing price may well be Rs 167 and the gain would amount to 103.66%. These are of course notional gains. GMP or  Grey Market Premium has no official sanction and serves merely as a suggestion.

 Effwa Infra IPO subscription date

Effwa Infra & Research IPO subscription date is scheduled for July 5, which is today. 

Effwa Infra & Research IPO size, allotment and more

Effwa Infra & Research IPO size is just Rs 51.27 crore and the price band has been fixed at Rs 78 to Rs 82. The allotment date is June 10 and that is when investors should check whether they got lucky or failed to get any shares. 

After Effwa Infra IPO allotment process is over, the successful allottees would be eyeing its listing date and that has been set for July 15.

Those who want to bid for the issue should know that Effwa Infra & Research IPO lot is 1600 Shares. 

About Effwa Infra

Effwa Infra & Research is in the business of controlling water pollution, hazardous waste management, and water treatment plants, sewage and industrial effluent treatment, solid waste treatment and disposal.

(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)