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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 Promoters:

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

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

Issue OpenApr 30, 2019 - May 3, 2019
Issue TypeFixed Price Issue IPO
Issue Size372,000 Eq Shares of Rs 10
(aggregating up to Rs 1.93 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 52 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Evans Electric IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 30, 2019
Bid/Offer Closes OnMay 3, 2019
Finalisation of Basis of AllotmentMay 8, 2019
Initiation of RefundsMay 9, 2019
Credit of Shares to Demat Acct:May 10, 2019
IPO Shares Listing Date:May 13, 2019

Evans Electric IPO Promoter Holding

Pre Issue Share Holding80%
Post Issue Share Holding58.31%

Evans Electric IPO Subscription Status (Bidding Detail)

Evans Electric IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

176,000

176,000

352,000

May 3, 2019 18:50

2.63x

0.56x

1.59x

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 DateMonday, May 13, 2019
BSE Script Code542668
NSE Symbol
Listing InMT
ISININE06TD01010
Issue PriceRs 52 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 52.00
Rs 52.20
Rs 52.20
Rs 54.80
Rs 54.80
16,000

Evans Electric IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

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Evans Electric IPO Review / Comments

avatar
4. GrowYourMoney  Apr 25, 2019 16:38 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Hem now bringing such a tiny IPOs

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

avatar
4.1. GrowYourMoney  Jun 17, 2019 15:41 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
People seem to speculated well
avatar
3. Hawkeye.  Apr 27, 2019 15:45 I Like It. 1 | Report Abuse Reply
i have doubt over company's future growth. it is difficult for me to make any call. "i m not investing in this IPO"
avatar
3.1. Adityasingh  May 27, 2019 20:57 I Like It. 1 | Report Abuse
And you lost your money making opportunity with this IPO.
avatar
3.2. Small Investor  Jun 10, 2019 12:42 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Hawkeye
evans ele. now rs 135 and Aap bolte ho iske growth pr aaoko doubt h
avatar
2. Adityasingh  May 27, 2019 20:58 I Like It. 1 | Report Abuse Reply
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.
avatar
2.1. Small Investor  Jun 4, 2019 11:49 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ 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
avatar
2.2. Adityasingh  Jun 5, 2019 13:23 I Like It. | Report Abuse
I didn't get what you are trying to say ??
avatar
1. GrowYourMoney  Apr 25, 2019 16:42 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
i think some question marks on scalability & Consistency of Business.
though valuations reasonable



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