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Evoq Remedies Limited IPO (Evoq Remedies IPO) Detail

Mar 17, 2022 - Mar 22, 2022

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:

  • Experienced Management Team.
  • Continue to develop client relationships and Trust.
  • Supplying the best quality products at the most reasonable prices.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Incremental Working Capital Requirements.
  2. General Corporate Purpose.
  3. To meet Public Issue Expenses.

Evoq Remedies IPO Details

Evoq Remedies IPO Date Mar 17, 2022 to Mar 22, 2022
Evoq Remedies IPO Face Value ₹10 per share
Evoq Remedies IPO Price ₹27 per share
Evoq Remedies IPO Lot Size 4000 Shares
Issue Size3,600,000 shares of ₹10
(aggregating up to ₹9.72 Cr)
Fresh Issue3,600,000 shares of ₹10
(aggregating up to ₹9.72 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50%
NII (HNI) Shares Offered50%
Company Promoters

Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel are the company promoters.

Evoq Remedies IPO Timeline (Tentative Timetable)

Evoq Remedies IPO opens on Mar 17, 2022, and closes on Mar 22, 2022. The Evoq Remedies IPO bid date is from Mar 17, 2022 10.00 A.M. to Mar 22, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Evoq Remedies IPO Opening Date Mar 17, 2022
Evoq Remedies IPO Closing Date Mar 22, 2022
Basis of Allotment Mar 25, 2022
Initiation of Refunds Mar 28, 2022
Credit of Shares to Demat Mar 29, 2022
Evoq Remedies IPO Listing Date Mar 30, 2022

Evoq Remedies IPO Lot Size

The Evoq Remedies IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).

Application Lots Shares Amount
Minimum 1 4000 ₹108,000
Maximum 1 4000 ₹108,000

Evoq Remedies IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding 73.53%

Evoq Remedies IPO Review

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...


Evoq Remedies IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII0.30
Retail3.03
Total1.67

Evoq Remedies IPO Prospectus

Evoq Remedies IPO Rating

418
4.5
Rating:Rated 4.5 stars
Vote Here ...

Evoq Remedies IPO Listing Date

Listing Date Wednesday, March 30, 2022
BSE Script Code 543500
NSE Symbol
Listing In MT Group of Securities
ISIN INE0JVD01011
IPO Price ₹27 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹25.00
₹23.75
₹25.00
₹23.75

Company Contact Information

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/

Evoq Remedies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Evoq Remedies IPO Review

Evoq Remedies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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IPO Broker Recommendations

Evoq Remedies IPO FAQs

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 Mar 17, 2022, and closes on Mar 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Evoq Remedies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Evoq Remedies IPO opens on Mar 17, 2022 and closes on Mar 22, 2022.

Evoq Remedies IPO lot size is 4000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Evoq Remedies IPO will be done on Mar 25, 2022, and the allotted shares will be credited to your demat account by Mar 29, 2022. Check the Evoq Remedies IPO allotment status.

The Evoq Remedies IPO listing date is on Wednesday, March 30, 2022.
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Evoq Remedies IPO Message Board

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45 Comments

25. Visamp |   Link |Apr 11, 2022 8:49:30 AM
Now the price go down 42% .no chance to sell. What to do. When will it recover.
If anyone have this stock holding. ?
24. lokes |   Link |Apr 4, 2022 12:26:22 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
In my opinion, expected price range for this is around 165 to 185.......
So if getting around 155-160 or below then it can be bought for short to medium and if listing above 190 then profits can be booked who do not want to take risks......
I am allotted one lot here and i will hold it for litter longer since i am convinced with company profile and business, as from starting itself i was saying and considering it better than krishna defence..... and considering its issue size, it was even having good subscriptions....
24.1. MehulStk |   Link |Apr 8, 2022 8:50:01 AM
Top Contributor Top Contributor (200+ Posts)
I guess this comment is for P. E. Analytics Limited
23. Suradhayaksha |   Link |Mar 30, 2022 10:26:30 AM
It is in loss of about 12 percent now on listing day
What to do now? Do any one has any expert advice ( link of website)?
23.1. lokes |   Link |Mar 30, 2022 11:36:24 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
it was not good at all from starting itself and had very very poor HNI subscriptions, don't remember any other ipo recently where HNI was subscribed only 30% so we need to think before taking such big risks in such ipos. Still if we are stuck then for future, remember the best strategy is to sell in preopen to minimize losses if preopen price is not showing any strength.
Some avergae ipos with average or good subscriptions if listing bad then they may come above issue price and can give exit chances but these kind of ipos are tough to get out. Now anyways nothing can be done instead of waiting for LC to open.
23.2. R.kapoor |   Link |Apr 1, 2022 11:31:04 PM
Many of expert der in this grp plz look at this stock where we should hold this stock or exit with heavy loss, what r the chances to move...when will break the LC
22. Suradhayaksha |   Link |Mar 30, 2022 10:27:55 AM
If it's held till next day loss can increase.
With 5 Percent circuit every day. What to do with discounted listing
21. R.kapoor |   Link |Mar 28, 2022 4:40:25 PM
Expert advise , premium or discount on listing, hold or sell, plz share
Thanks
21.2. tejasa |   Link |Mar 29, 2022 9:59:12 PM
Is listing tomorrow
21.3. BuLLz EyE |   Link |Mar 29, 2022 10:22:45 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Yes
20. BuLLz EyE |   Link |Mar 28, 2022 10:33:37 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Allotment status updated

https://ipo.bigshareonline.com/IPO_Status.html
19. Suradhayaksha |   Link |Mar 28, 2022 6:18:35 PM
I have got message from NSE that one lot is alloted.
Big share services do not seem to be good as it's too slow and still on it's website allotment status has not come.
18. R.kapoor |   Link |Mar 28, 2022 4:35:35 PM
Received Msg from sbi hold removed related got 1 lot..
17. Suradhayaksha |   Link |Mar 28, 2022 4:30:54 PM
My money have been debited today which i have applied for IPO
But I still cannot see the allotment on big share website.
16. BuLLz EyE |   Link |Mar 28, 2022 4:09:59 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Money debited from my idfc account
15. BuLLz EyE |   Link |Mar 28, 2022 2:26:42 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Bigshare team is not picking up the phone and not replying over emails
14. Suradhayaksha |   Link |Mar 28, 2022 11:20:43 AM
Allotment is not completed. Nothing is displayed on big share website
13. yogib |   Link |Mar 27, 2022 10:12:28 AM
Hi
IPO Analysis
What’s your expectation of Listing in EVOQ REMIDIES??
12. Visamp |   Link |Mar 26, 2022 12:37:05 PM
No message for allotment any one got message or fund release.
Thanks
12.2. tejasa |   Link |Mar 26, 2022 6:00:40 PM
Allotment is out
12.3. IPO ADVENTURE |   Link |Mar 26, 2022 6:17:24 PM
Email received from registrar Big share, Allotment will be displayed probably on Monday
11. tejasa |   Link |Mar 26, 2022 5:24:00 PM
Got mail from big share
10. BuLLz EyE |   Link |Mar 25, 2022 6:39:39 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
allotment status not out yet
https://ipo.bigshareonline.com/IPO_Status.html
9. Visamp |   Link |Mar 25, 2022 5:26:29 PM
Not yet announced allotment. Any one got information
Thanks
9.1. BuLLz EyE |   Link |Mar 25, 2022 6:37:53 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
not yet
8. Bhav |   Link |Mar 21, 2022 11:55:27 AM
Top Contributor Top Contributor (200+ Posts)
@ lokes, Nooru;, M.ravi, Other expert,,,

Are you applying here? If yes how many lots targeting??
8.4. lokes |   Link |Mar 22, 2022 12:48:35 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
@bhav : i am also not applying here. Will apply in other two only. PE and krishna.
8.5. Noorul |   Link |Mar 23, 2022 8:28:47 AM
Skip.
7. BuLLz EyE |   Link |Mar 22, 2022 2:43:28 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
this looks good to me
weighted average eps is 5, so PE on the basis of weighted average eps should be 5.4
in case, this is calculated on the basis of estimated current year earnings, PE should be less than 3 on asking price

there seems to be miscalculation by Dilip Davda

i request Mr. @Dilipdavda to check and confirm

lot of people may miss a good ipo
7.1. R.kapoor |   Link |Apr 1, 2022 11:26:40 PM
When will stop LC in evoq plz suggest..r u hold or exit plz share ur views..
6. IPO Mitr |   Link |Mar 20, 2022 12:50:13 AM
Very small IPO and operators can make it dance their way ( on either side) very easily. Apply and transact if you have risk appetite higher than reasonably good and reasonably sized SME IPOs