Evans 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 Dates | 30 April – 3 May 2019 |
| IPO Price band | INR52 per share |
| Fresh issue | 372,000 shares (INR1.93 crore) |
| Offer for sale | Nil |
| Total IPO size | 372,000 shares (INR1.93 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements
- General Corporate Purposes
- Issue Expenses
| Evans Electric’s financial performance (in INR lakh) | ||||||
| FY2016 | FY2017 | FY2018 | H1 FY2019 | |||
| Total revenue | 511.6 | 1,071.6 | 586.9 | 380.2 | ||
| Total expenses | 452.5 | 727.7 | 518.4 | 279.7 | ||
| Profit after tax | 41.5 | 236.7 | 46.3 | 70.0 | ||
Evans Electric Contact Details
Evans Electric LimitedÂ
431, Orchard Mall, 3rd Floor
Royal Palms Estate, Aarey Milk Colony
Goregaon (E), Mumbai – 400065
Phone:Â +91Â 022-28729506
Email: [email protected]
Website:Â www.evanselectric.co.in
Evans Electric’s IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.17 |
| Day 2 | 0.19 |
| Day 3 | 1.50 |
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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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â 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:Â 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)
