Evans Electric IPO

Evans Electric IPOEvans Electric IPO description - Evans Electric is engaged in the business of repairing, re-winding and re-designing including inhouse manufacturing of replacement components of small, medium and large electric motors, generators and transformers, which are used in Thermal, Hydro, Diesel, Gas & Nuclear Electric Power Generation, Petroleum Refineries, Chemicals & Fertilizers, Cement Plants, Steel Plants, Tyre Manufacturing, Sugar Mills, Oil & Gas Exploration, Shipping, Mining and Railway Traction.

On the basis of the damage and assessment of the repairs or rewinding required for any AC & DC Machines; the company designs, develops and manufactures components in-house for carrrying out re-winding and repairing work of aforementioned items. Some of the replacement components manufactured by the company include Coils, Insulators, Slip Rings, Retaining Rings, Carbon Brushes, Brush Holders, Complete winding kits, Insulation Components, Wedges, Packers and stampings, as well as allied specialized tools and equipment.

Evans Electric has a factory unit admeasuring to 30,000 sq. ft. located in Palghar, Maharashtra which is used for providing re-winding and repairing services as well as for manufacturing replacement components. The company also provides on-site services for large Electric Motors, Generators and Transformers that are too large and cannot be transported.

Evans Electric promoters – Ivor Anthony Desouza
Evans Electric - Upcoming IPO details
Subscription Dates30 April - 3 May 2019
IPO Price bandINR52 per share
Fresh issue 372,000 shares (INR1.93 crore)
Offer for sale Nil
Total IPO size372,000 shares (INR1.93 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
Use of funds
  • Working Capital Requirements
  • General Corporate Purposes
  • Issue Expenses
Evans Electric's financial performance (in INR lakh)
FY2016FY2017FY2018H1 FY2019
Total revenue511.61,071.6586.9380.2
Total expenses452.5727.7518.4279.7
Profit after tax41.5236.746.370.0
Evans Electric Contact Details

Evans Electric Limited 
431, Orchard Mall, 3rd Floor
Royal Palms Estate, Aarey Milk Colony
Goregaon (E), Mumbai - 400065

Phone: +91 022-28729506
Email: [email protected]
Website: www.evanselectric.co.in

Evans Electric's IPO Subscription Details
DaySubscription (no. of times)
Day 10.17
Day 20.19
Day 31.50

 

Evans Electric Valuation (For FY2018)

Earnings Per Share (EPS): INR4.63

Price/Earnings (P/E) ratio: 11.23

Return on Net Worth (RONW): 6.55%

Net Asset Value (NAV): INR77.72 per share (as of Sep 2018)

Registrar of Evans Electric IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Evans Electric IPO Allotment Status

Evans Electric IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Evans Electric

IPO Opening Date: 30 April 2019

IPO Closing Date: 3 May 2019

Finalisation of Basis of Allotment: 8 May 2019

Initiation of refunds: 9 May 2019

Transfer of shares to demat accounts: 10 May 2019

Listing Date: 13 May 2019

Listing Price on BSE SME: INR52.2 per share (up 0.38% from IPO price)

Closing Price on BSE SME: INR54.8 per share (up 5.38% from IPO price)

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