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Evoq Remedies IPO is a fixed price issue of Rs 9.72 crores. The issue is entirely a fresh issue of 36 lakh shares.
Evoq Remedies IPO bidding started from March 17, 2022 and ended on March 22, 2022. The allotment for Evoq Remedies IPO was finalized on Friday, March 25, 2022. The shares got listed on BSE SME on March 30, 2022.
Evoq Remedies IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Swastika Investmart Ltd is the book running lead manager of the Evoq Remedies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Evoq Remedies IPO RHP for detailed information.
| IPO Date | March 17, 2022 to March 22, 2022 |
| Listing Date | March 30, 2022 |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹9.72 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹9.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 180,000 shares |
Evoq Remedies IPO a total of 3,600,000 shares are offered. NII: 1,710,000 (47.50%), RII: 1,710,000 (47.50%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 180,000 (5.00%) |
| Other Shares Offered | 1,710,000 (47.50%) |
| Retail Shares Offered | 1,710,000 (47.50%) |
| Total Shares Offered | 3,600,000 (100%) |
Evoq Remedies IPO opens on March 17, 2022, and closes on March 22, 2022.
| IPO Open Date | Thursday, March 17, 2022 |
| IPO Close Date | Tuesday, March 22, 2022 |
| Basis of Allotment | Friday, March 25, 2022 |
| Initiation of Refunds | Monday, March 28, 2022 |
| Credit of Shares to Demat | Tuesday, March 29, 2022 |
| Listing Date | Wednesday, March 30, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 22, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
| Lot Size Calculator | |||
Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.53% |
Incorporated in 2010, EVOQ Remedies Limited specializes in offering quality Pharmaceuticals Raw Material products, Excipients, and Bulk Drugs at an affordable prices. The company procures all the products from WHO-GMP certified & reliable Manufacturers & Importers, who follow procedures as per the stringent national and international quality and safety standards.
Competitive strengths:
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 10-Feb-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 2660.58 | 804.63 | 565.22 | 214.78 | |
| Total Revenue | 1056.58 | 1002.48 | 907.21 | 325 | |
| Profit After Tax | 93.67 | 71.38 | 0.03 | 1.11 | |
Evoq Remedies IPO Market Cap is Rs 36.72 Cr and P/E (x) is 33.75.
| KPI | Values |
|---|---|
| P/E (x) | 33.75 |
| Market Cap (₹ Cr.) | 36.72 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company has posted a lacklustre performance so far. The sudden boost in bottom lines since FY21 onwards appears window dressing to pave the way for fancy pricing of this IPO. The sustainability of such performance going forward is a major concern. Based on its financial parameters, the issue is aggressively priced. It is operating on third party deals only and has no assets. Considering all these, there is no harm in ignoring this highly-priced IPO. Read detail review...
The Evoq Remedies IPO is subscribed 1.67 times on Mar 22, 2022 6:48:00 PM. The public issue subscribed 3.03 times in the retail category, times in the QIB category, and 0.30 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.30 |
| Retail | 3.03 |
| Total | 1.67 |
| Listing Date | March 30, 2022 |
| BSE Script Code | 543500 |
| NSE Symbol | |
| ISIN | INE0JVD01011 |
| Final Issue Price | ₹27 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹27.00 |
| ₹25.00 |
| ₹23.75 |
| ₹25.00 |
| ₹23.75 |
Evoq Remedies Limited
A-1106, Empire Business Hub
Near AUDA Water Tank,
Science City Road, Sola, Ahmedabad-380060
Phone: 7948402525
Email: info@evoqremedies.com
Website: http://www.evoqremedies.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
Evoq Remedies IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹9.72 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
The IPO opens on March 17, 2022, and closes on March 22, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Evoq Remedies IPO using UPI as a payment gateway. Zerodha customers can apply in Evoq Remedies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Evoq Remedies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Evoq Remedies IPO opens on March 17, 2022 and closes on March 22, 2022.
Evoq Remedies IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
You can apply in Evoq Remedies 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Evoq Remedies IPO will be done on Friday, March 25, 2022, and the allotted shares will be credited to your demat account by Tuesday, March 29, 2022. Check the Evoq Remedies IPO allotment status.
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If anyone have this stock holding. ?