Evans Electric Private Limited, a Mumbai based company engaged in repairing, re-winding and re-designing electric motors, generators and transformers, is issuing the IPO (Initial Public Offering). Equity shares of face value Rs 10 are being offered during the issue at a price of Rs 52 per equity share. In this issue, 3,72,000 equity shares worth Rs 1.93 crore are to be launched. Evans Electric IPO issue opens on 30th April 2019 and it closes on 3rd May 2019. After allocation, the shares will be listed on the SME platform of BSE (Bombay Stock Exchange).
About Evans Electric Private Limited
Evans Electric Private Limited was incorporated in Mumbai in the year 1951. This company is engaged in the business of repairing, re-winding and re-designing including in-house 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. It on the basis of the damage and assessment of the repairs or rewinding required for any AC & DC machines, design, develop and manufacture components in-house for carrying out said 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.
This company is promoted by Mr Ivor Anthony Desouza. As on 31st October 2018, the total assets of the company stands at Rs 8.73 crores and the total revenue stands at Rs 3.76 crore.
Evans Electric IPO – Issue Details
| Issue Type | Fixed Price IPO Issue |
|---|---|
| Issue Opens | 30th April 2019 |
| Issue Closes | 3rd May 2019 |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 52 Per Equity Share |
| Issue Size | 3,72,000 Equity Shares (Rs 1.93 crores) |
| Market Lot | 2,000 Shares |
| Minimum Order Quantity | 2,000 Shares |
| Listing | BSE SME |
Evans Electric IPO – Objects of the Issue
The following are the objects this upcoming IPO Issue:-
- To meet working capital requirements.
- General corporate purpose.
- To meet the issue expenses.
Evans Electric Private Limited – Company Contact Details
Registered Office: 430, Orchard Mall, 3rd Floor, Royal Palms Estate, Aarey Milk Colony, Goregaon East, Mumbai – 400065.
Corporate Office: 431, Orchard Mall, 3rd Floor, Royal Palms Estate, Aarey Milk Colony, Goregaon East, Mumbai – 400065.
Telephone: +91-22-28729506
Website: www.evanselectric.co.in
Evans Electric IPO – Lead Manager of the Issue
The lead Manager to this IPO issue is Hem Securities Limited.
Evans Electric IPO – Registrar of the Issue
The registrar of this IPO issue is Bigshare Services Private Limited.
Evans Electric IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Evans Electric IPO #Evans Electric Private Limited
