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Evans Electric Limited IPO (Evans Electric IPO) Detail

Apr 30, 2019 - May 3, 2019

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

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue

The Company intends to utilize the Issue Proceeds towards the following objects:

To Meet Working Capital Requirements
General Corporate purpose and
To Meet the Issue Expenses

Evans Electric IPO Details

IPO Date Apr 30, 2019 to May 3, 2019
Listing Date Monday, May 13, 2019
Face Value ₹10 per share
Price ₹52 per share
Lot Size 2000 Shares
Issue Size372,000 shares of ₹10
(aggregating up to ₹1.93 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Ivor Anthony Desouza is the promoter of the company.

Evans Electric IPO Tentative Timetable

Evans Electric IPO opens on Apr 30, 2019, and closes on May 3, 2019. The Evans Electric IPO bid date is from Apr 30, 2019 10.00 A.M. to May 3, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Apr 30, 2019
Closing Date May 3, 2019
Basis of Allotment May 8, 2019
Initiation of Refunds May 9, 2019
Credit of Shares to Demat May 10, 2019
Listing Date May 13, 2019

Evans Electric IPO Lot Size

The Evans Electric IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹104,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹104,000
Retail (Max) 1 2000 ₹104,000

Evans Electric IPO Promoter Holding

Pre Issue Share Holding 80%
Post Issue Share Holding 58.31%

Evans Electric IPO Review

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.

Read detail review...


Evans Electric IPO Subscription Status (Bidding Detail)

The Evans Electric IPO is subscribed 1.59 times on May 3, 2019 6:50:00 PM. 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)

CategorySubscription (times)
NII2.63
Retail0.56
Total1.59

Evans Electric IPO Prospectus

Evans Electric IPO Rating

23
2.2
Rating:Rated 2.2 stars
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Evans Electric IPO Listing Date

Listing Date Monday, May 13, 2019
BSE Script Code 542668
NSE Symbol
Listing In MT Group of Securities
ISIN INE06TD01010
IPO Price ₹52 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹52.00
₹52.20
₹52.20
₹54.80
₹54.80

Company Contact Information

Evans Electric Limited
430, Orchard Mall, 3rd Floor,
Royal Palms Estate, Aarey Milk Colony,
GoregaonEast, Mumbai, 400065
Phone: +91-022-28729506
Email: cs@evanselectric.co.in
Website: http://www.evanselectric.co.in

Evans Electric IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Evans Electric IPO Review

Evans Electric IPO Recommendation Summary

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Members 0 0 0

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Evans Electric IPO FAQs

Evans Electric IPO is a SME IPO of 372,000 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 Shares.

The IPO opens on Apr 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.

The Evans Electric IPO opens on Apr 30, 2019 and closes on May 3, 2019.

Evans Electric IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Evans Electric IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Evans Electric IPO will be done on May 8, 2019, and the allotted shares will be credited to your demat account by 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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Evans Electric IPO Message Board

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9 Comments

4. Adityasingh |   Link |May 27, 2019 9:58:59 PM
C'mon Davda sir, this IPO has given more than 80% return within 2 weeks and again you missed to identify a good one similar to other better performing IPO's.
4.1. Small Investor |   Link |Jun 4, 2019 12:49:58 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Sir this is only LM's Manupalted to stock
stock now almost 130
i request to LM Please Manupalte to mindpool tech.also
4.2. Adityasingh |   Link |Jun 5, 2019 2:23:05 PM
I didn't get what you are trying to say ??
3. Hawkeye. |   Link |Apr 27, 2019 4:45:58 PM
i have doubt over company's future growth. it is difficult for me to make any call. "i m not investing in this IPO"
3.1. Adityasingh |   Link |May 27, 2019 9:57:23 PM
And you lost your money making opportunity with this IPO.
3.2. Small Investor |   Link |Jun 10, 2019 1:42:04 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Hawkeye
evans ele. now rs 135 and Aap bolte ho iske growth pr aaoko doubt h
2. GrowYourMoney |   Link |Apr 25, 2019 5:42:57 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
i think some question marks on scalability & Consistency of Business.
though valuations reasonable
1. GrowYourMoney |   Link |Apr 25, 2019 5:38:35 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Hem now bringing such a tiny IPOs

may be better instrument for speculations but certainly not good for Investment.

1.1. GrowYourMoney |   Link |Jun 17, 2019 4:41:13 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
People seem to speculated well