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Evoq Remedies Limited IPO (Evoq Remedies IPO) Detail

March 17, 2022 - March 22, 2022

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.

Evoq Remedies IPO Details

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 Size3,600,000 shares
(aggregating up to ₹9.72 Cr)
Fresh Issue3,600,000 shares
(aggregating up to ₹9.72 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion180,000 shares

Evoq Remedies IPO Reservation

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 Offered180,000 (5.00%)
Other Shares Offered1,710,000 (47.50%)
Retail Shares Offered1,710,000 (47.50%)
Total Shares Offered3,600,000 (100%)

Evoq Remedies IPO Timeline (Tentative Schedule)

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

Evoq Remedies IPO Lot Size

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

Evoq Remedies IPO Promoter Holding

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%

About Evoq Remedies Limited

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

Key Performance Indicator

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

Objects of the Issue (Evoq Remedies IPO Objectives)

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 Review (Avoid)

[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...

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)

Evoq Remedies IPO Prospectus

Evoq Remedies IPO Rating

Rating:Rated 4.5 stars
Vote Here ...

Evoq Remedies IPO Listing Details

Listing Date March 30, 2022
BSE Script Code 543500
NSE Symbol
Final Issue Price ₹27 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Evoq Remedies IPO Contact Details

Evoq Remedies Limited
A-1106, Empire Business Hub
Near AUDA Water Tank,
Science City Road, Sola, Ahmedabad-380060
Phone: 7948402525

Evoq Remedies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Evoq Remedies IPO - Buy or Not

Evoq Remedies IPO Recommendation Summary

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

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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 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

  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 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.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



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 (4100+ Posts, 4800+ 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 (400+ Posts, 100+ Likes)
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 (4100+ Posts, 4800+ 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
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, 1100+ Likes)
20. BuLLz EyE |   Link |Mar 28, 2022 10:33:37 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Allotment status updated
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, 1100+ Likes)
Money debited from my idfc account
15. BuLLz EyE |   Link |Mar 28, 2022 2:26:42 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ 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
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.
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, 1100+ Likes)
allotment status not out yet
9. Visamp |   Link |Mar 25, 2022 5:26:29 PM
Not yet announced allotment. Any one got information
9.1. BuLLz EyE |   Link |Mar 25, 2022 6:37:53 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
not yet
8. Bhav |   Link |Mar 21, 2022 11:55:27 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@ 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 (4100+ Posts, 4800+ 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
7. BuLLz EyE |   Link |Mar 22, 2022 2:43:28 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ 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