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
Mr. Ivor Anthony Desouza is the promoter of the company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||58.06||46.30||236.69||41.48|
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
|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|
|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|
|Pre Issue Share Holding||80%|
|Post Issue Share Holding||58.31%|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
May 3, 2019 18:50
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Evans Electric Limited
430, Orchard Mall, 3rd Floor,
Royal Palms Estate, Aarey Milk Colony,
GoregaonEast, Mumbai, 400065
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