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) | ||||
|---|---|---|---|---|---|
| 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 | |
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
| IPO Opening Date | Apr 30, 2019 |
| IPO Closing Date | May 3, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | 372,000 Eq Shares of ₹10 (aggregating up to ₹1.93 Cr) |
The Evans Electric IPO open date is Apr 30, 2019, and the close date is May 3, 2019. The issue may list on May 13, 2019.
| IPO Open Date | Apr 30, 2019 |
| IPO Close Date | May 3, 2019 |
| Basis of Allotment Date | May 8, 2019 |
| Initiation of Refunds | May 9, 2019 |
| Credit of Shares to Demat Account | May 10, 2019 |
| IPO Listing Date | May 13, 2019 |
The Evans Electric IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹104,000 |
| Maximum | 1 | 2000 | ₹104,000 |
| Pre Issue Share Holding | 80% |
| Post Issue Share Holding | 58.31% |
The Evans Electric IPO is subscribed 1.59x times on May 3, 2019 18:50. The public issue subscribed 0.56x in the retail category, in the QIB category, and 2.63x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 2.63x |
| RII | 0.56x |
| Total | 1.59x |
| Listing Date | Monday, May 13, 2019 |
| BSE Script Code | 542668 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE06TD01010 |
| IPO Price | ₹52 per equity share |
| Face Value | ₹10 per equity share |
|
|
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
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
Lead Manager Reports
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 equity 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 2000 Shares.
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.
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