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Incorporated in 1996, Evinix Accessories Limited is in the business of designing and manufacturing of Fashion Accessories and Garments for Exports as well as Domestic markets. Evinix product range includes Bags, Caps, Hats, Belts, Scarves, Stoles, Wallets, Baby bibs, Cribs, Blanket, fashion apparels etc. Evinix is also engaged in trading of fabrics.
The major buyer of products presently in the domestic markets includes Adidas India Marketing Pvt Limited, Gini & Jony and Gokaldas India, Banglore.
Buyers in overseas market presently includes The GAP Inc. U.S.A, Esprit Europe Trading & Product Development, GmbH, Germany, Next Retail Limited, U.K, H & M Hennes & Mauritz AB, Sweden, Fashion Box Industries SPA, Italy, Debenhams Retail PLC, UK.
In the financial year 2004-05, Evinix exported fashion accessories worth Rs 772.05 Lacs and in the financial year 2005-06 till Feb 15th 2006, Evinix exported fashion accessories to the extent of 1353.35 Lacs.
The Domestic Sale of fashion accessories picked up from the beginning of the year 2005 and in the Financial Year 2005-06 till Feb 15th 2006, Evinix sold fashion accessories in domestic market to the extent Rs 1439.71 Lacs.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for
1. Acquisition of a Garment Manufacturing Unit;
2. Expansion at the acquired NSEZ,Noida Unit;
3. Expansion at Faridabad Unit;
4. Setting up Retail business activities and general corporate purposes;
5. Long term Working Capital requirement.
| IPO Opening Date | Feb 12, 2007 |
| IPO Closing Date | Feb 15, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 to ₹120 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| Issue Size | 3,500,000 Eq Shares of ₹10 (aggregating up to ₹42.00 Cr) |
The Evinix IPO market lot size is 50 shares. A retail-individual investor can apply for up to 33 lots (1650 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 50 | ₹6,000 |
| Maximum | 33 | 1650 | ₹198,000 |
The Evinix IPO is subscribed 3.70 times on 2/15/2007 5:00:00 PM. The public issue subscribed 2.47 times in the retail category, 1.30 times in the QIB category, and 14.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Wednesday, March 7, 2007 |
| BSE Script Code | 532818 |
| NSE Symbol | EVINIX |
| Listing In | B1 Group of Securities |
| ISIN | INE961H01010 |
| IPO Price | ₹120 per equity share |
| Face Value | ₹10 per equity share |
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Evinix Accessories Limited
Evinix Accessories Limited,
KH 43, Sector 45, Mewla Maharajpur,
Faridabad (Haryana) 121003
Phone: +91 129 2439654
Email: investors@evinix.com
Website: http://www.evinix.com
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com
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Evinix IPO is a main-board IPO of 3,500,000 equity shares of the face value of ₹10 aggregating up to ₹42.00 Crores. The issue is priced at ₹100 to ₹120 per equity share. The minimum order quantity is 50 Shares.
The IPO opens on Feb 12, 2007, and closes on Feb 15, 2007.
Beetal Financial & Computer Services (P) Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Evinix IPO opens on Feb 12, 2007 and closes on Feb 15, 2007.
Evinix IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
You can apply in Evinix 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 Evinix IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Evinix IPO allotment status.
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