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Evans Electric IPO is a fixed price issue of ₹1.93 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹1.93 crore.
Evans Electric IPO bidding started from Apr 30, 2019 and ended on May 3, 2019. The allotment for Evans Electric IPO was finalized on May 8, 2019. The shares got listed on BSE SME on May 13, 2019.
Evans Electric IPO price is ₹52.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Evans Electric IPO RHP for detailed Information.
| IPO Date | April 30, 2019 to May 3, 2019 |
| Listing Date | May 13, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,72,000 shares (aggregating up to ₹1.93 Cr) |
| Reserved for Market Maker | 20,000 shares Hem Securities Ltd. (aggregating up to ₹0.1040 Cr) |
| Net Offered to Public | 3,52,000 shares (aggregating up to ₹1.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 13,72,000 shares |
Evans Electric IPO offers total 3,72,000 shares. Out of which 1,76,000 (47.31%) allocated to NII, 1,76,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 20,000 (5.38%) |
| NII (HNI) Shares Offered | 1,76,000 (47.31%) |
| Retail Shares Offered | 1,76,000 (47.31%) |
| Total Shares Offered | 3,72,000 (100.00%) |
Evans Electric IPO opens on April 30, 2019, and closes on May 3, 2019.
| IPO Open Date | Tue, Apr 30, 2019 |
| IPO Close Date | Fri, May 3, 2019 |
| Tentative Allotment | Wed, May 8, 2019 |
| Initiation of Refunds | Thu, May 9, 2019 |
| Credit of Shares to Demat | Fri, May 10, 2019 |
| Tentative Listing Date | Mon, May 13, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 3, 2019 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1951, Mumbai-based Evans Electric Limited works in the area of re-designing, repairing, and re-winding of transformer, generator, and electric motor with in-house manufactured replacement components. Some of the products manufactured by the company for replacement purposes are insulation components, brush holders, coils, slip rings, insulators, retaining rings, allied specialized equipment & tools, wedges, stampings and packers. It has a factory unit covering 30,000 sq. ft area located at Palghar, Maharashtra providing repairing & rewinding services and manufacturing replacement components.
The company also provides contract based services for repairing of turbo rotors, low voltage and high voltage electric motors (AC and DC), turbo generator stators, transformers, generators, hydro rotors, hydro generator stators, field poles, high voltage coil manufacturing, diagnostic testing, high voltage coil manufacturing, and vacuum impregnation. The company also provides contract based services to foreign countries and has been successfully executed orders from Sri Lanka, Malaysia and Bangladesh.
It has a wide client base covering various sectors including railways, oil & gas refineries, cement, chemicals & fertilizers, shipping, steel plants, offshore gas & oil exploration, renewable energy, gas, diesel, nuclear, & thermal power generation.
The competitive strengths of the company are:
• Can handle complex machines of different design, size and capacity
• Skilled workforce
• Factory unit at a good location and in a large area
• Quality work at affordable pricing
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 873.27 | 839.65 | 948.54 | 560.49 | |
| Total Revenue | 376.90 | 561.16 | 1,060.49 | 502.69 | |
| Profit After Tax | 58.06 | 46.30 | 236.69 | 41.48 | |
The Company Evans Electric IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet working capital requirement | 1.11 |
| 2 | General Corporate Expenses | 0.37 |
| 3 | To meet the Issue Expenses | 0.45 |
[Dilip Davda] <p>Company's financial performance shows inconsistency. Based on this performance, the issue is priced lucratively. However, considering the issue size and the post-issue equity, it will be a long wait for the migration to the main board. Cash surplus, risk savvy investors may consider investment for long term at their own risk.</p> Read detail review...
| Listing Date | May 13, 2019 |
| BSE Script Code | 542668 |
| NSE Symbol | |
| ISIN | INE06TD01010 |
| Final Issue Price | ₹52 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹52.20 |
| Low | ₹52.20 |
| High | ₹54.80 |
| Last Trade | ₹54.80 |
Evans Electric Ltd.
430, Orchard Mall, 3rd Floor,
Royal Palms Estate, Aarey Milk Colony,
Goregaon East,
Mumbai, Maharashtra, 400065
Phone: +91-022-28729506
Email: cs@evanselectric.co.in
Website: http://www.evanselectric.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Evans Electric IPO is a SME IPO of 3,72,000 equity shares of the face value of ₹10 aggregating up to ₹1.93 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on April 30, 2019, and closes on May 3, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Evans Electric IPO using UPI as a payment gateway. Zerodha customers can apply in Evans Electric IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Evans Electric IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Evans Electric IPO opens on April 30, 2019 and closes on May 3, 2019.
Evans Electric IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Evans Electric IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Evans Electric IPO will be done on Wednesday, May 8, 2019, and the allotted shares will be credited to your demat account by Friday, May 10, 2019. Check the Evans Electric IPO allotment status.
The Evans Electric IPO listing date is on Monday, May 13, 2019.
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