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Evans Electric Limited IPO (Evans Electric IPO) Detail

April 30, 2019 - May 3, 2019

Evans Electric IPO is a fixed price issue of Rs 1.93 crores.

Evans Electric IPO bidding started from April 30, 2019 and ended on May 3, 2019. The allotment for Evans Electric IPO was finalized on Wednesday, May 8, 2019. The shares got listed on BSE SME on May 13, 2019.

Evans Electric IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000.

Hem Securities Limited is the book running lead manager of the Evans Electric IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Evans Electric IPO RHP for detailed information.

Evans Electric IPO Details

IPO Date April 30, 2019 to May 3, 2019
Listing Date May 13, 2019
Face Value ₹10 per share
Price ₹52 per share
Lot Size 2000 Shares
Total Issue Size372,000 shares
(aggregating up to ₹1.93 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion20,000 shares

Evans Electric IPO Reservation

Evans Electric IPO offers 372,000 shares. 176,000 (47.31%) to NII, 176,000 (47.31%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered20,000 (5.38%)
Other Shares Offered176,000 (47.31%)
Retail Shares Offered176,000 (47.31%)
Total Shares Offered372,000 (100%)

Evans Electric IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, April 30, 2019
IPO Close Date Friday, May 3, 2019
Basis of Allotment Wednesday, May 8, 2019
Initiation of Refunds Thursday, May 9, 2019
Credit of Shares to Demat Friday, May 10, 2019
Listing Date Monday, May 13, 2019
Cut-off time for UPI mandate confirmation 5 PM on May 3, 2019

Evans Electric IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Evans Electric IPO Promoter Holding

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

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

About Evans Electric Limited

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 (Evans Electric IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

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)

Evans Electric IPO Prospectus

Evans Electric IPO Rating

Rating:Rated 2.2 stars
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Evans Electric IPO Listing Details

Listing Date May 13, 2019
BSE Script Code 542668
NSE Symbol
Final Issue Price ₹52 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Evans Electric Limited Contact Details

Evans Electric Limited
430, Orchard Mall, 3rd Floor,
Royal Palms Estate, Aarey Milk Colony,
GoregaonEast, Mumbai, 400065
Phone: +91-022-28729506

Evans Electric IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Evans Electric IPO - Buy or Not

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 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.

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

Evans Electric IPO lot size is 2000 Shares, and the minimum amount required is ₹104,000.

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, Nuvama, ICICI Bank, 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 May 13, 2019.
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Evans Electric IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



4. Adityasingh |   Link |  Bookmark |May 27, 2019 8:58:59 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 |  Bookmark |June 4, 2019 11:49:58 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ 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 |  Bookmark |June 5, 2019 1:23:05 PM
I didn't get what you are trying to say ??
3. Hawkeye. |   Link |  Bookmark |April 27, 2019 3:45:58 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 |  Bookmark |May 27, 2019 8:57:23 PM
And you lost your money making opportunity with this IPO.
3.2. Small Investor |   Link |  Bookmark |June 10, 2019 12:42:04 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
Dear Hawkeye
evans ele. now rs 135 and Aap bolte ho iske growth pr aaoko doubt h
2. GrowYourMoney |   Link |  Bookmark |April 25, 2019 4:42:57 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
i think some question marks on scalability & Consistency of Business.
though valuations reasonable
1. GrowYourMoney |   Link |  Bookmark |April 25, 2019 4:38:35 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Hem now bringing such a tiny IPOs

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

1.1. GrowYourMoney |   Link |  Bookmark |June 17, 2019 3:41:13 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
People seem to speculated well