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 Open	Apr 30, 2019 - May 3, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	372,000 Eq Shares of Rs 10 (aggregating up to Rs 1.93 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 52 Per Equity Share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	BSE SME

Evans Electric IPO Tentative Date / Timetable

Bid/Offer Opens On	Apr 30, 2019
Bid/Offer Closes On	May 3, 2019
Finalisation of Basis of Allotment	May 8, 2019
Initiation of Refunds	May 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 Holding	80%
Post Issue Share Holding	58.31%

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

› Draft Prospectus
› Red Herring Prospectus

Evans Electric IPO Rating

2.2

Rating:

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Evans Electric IPO Listing Date

› Listing Date: Monday, May 13, 2019
› BSE Script Code: 542668
› NSE Symbol:
› Listing In: MT
› ISIN: INE06TD01010
› Issue Price: Rs 52 Per Equity Share
› Face Value: Rs 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

Dilip Davda - Other

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

Evans Electric IPO Lead Manager(s)

Hem Securities Limited

Lead Manager Reports

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