| 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.
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