Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Tue, Apr 30, 2019 - Fri, May 3, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Apr 30, 2019
IPO Close
Fri, May 3, 2019
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹7.13 Cr
| IPO Date | 30 Apr to 3 May, 2019 |
| Listed on | Mon, May 13, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 3,72,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 20,000 shares Hem Securities Ltd. (agg. up to ₹0.1040 Cr) |
| Fresh Issue (Ex Market Maker) | 3,52,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 3,52,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 13,72,000 shares |
| BSE Script Code | 542668 |
| ISIN | INE06TD01010 |
Evans Electric IPO comprises a total issue size of 3,72,000 shares. The net offer to the public is 3,52,000 shares, after excluding 20,000 shares allotted on a firm basis. Of the Net offer 1,76,000 (50.00%) allocated to NII 1,76,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,76,000 | 50.00% | 47.31% |
| Retail Shares Offered | 1,76,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 20,000 | 5.38% | |
| Total Shares Offered | 3,72,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirement | 1.11 |
| 2 | General Corporate Expenses | 0.37 |
| 3 | To meet the Issue Expenses | 0.45 |
The Evans Electric IPO is subscribed 1.59 times on May 3, 2019 6:50:00 PM (Day 4). The public issue subscribed 0.56 times in the retail category, [.] times in the QIB category, and 2.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.63 | 1,76,000 | 4,62,000 |
| Retail | 0.56 | 1,76,000 | 98,000 |
| Total | 1.59 | 3,52,000 | 5,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.22 |
| 2 | Underwriting Commission and Brokerage*, Processing Fees for Application | 0.07 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable to Advertising and Marketing Expenses | 0.04 |
| 5 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 6 | Payment for Printing & Stationery, Distribution, Postage, etc | 0.04 |
| 7 | Others (Fees Payable to Peer Review Auditor, Fees to Legal Advisors, Marketing Expenses and Miscellaneous Expenses) | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹52.20 |
| Low | ₹52.20 |
| High | ₹54.80 |
| Last Trade | ₹54.80 |
Lead Manager Reports
Evans Electric IPO is a SME IPO of 3,72,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Apr 30, 2019, and closes on Fri, 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 Tue, Apr 30, 2019 and closes on Fri, 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 Fri, May 10, 2019. Check the Evans Electric IPO allotment status.
The Evans Electric IPO listing date is on Mon, May 13, 2019.
