Evans Electric Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 176,000 (47%) | — | ₹92 Cr |
| Retail | — | 176,000 (47%) | — | ₹92 Cr |
| Market Maker | — | 20,000 (5%) | — | ₹1 Cr |
| Σ Total | — | 372,000 (100%) | — | ₹1,934 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹104,000 |
| Retail (Max) | 13 | 26,000 | ₹1,352,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,456,000 |
| B-HNI (Min) | 67 | 134,000 | ₹6,968,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Oct-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 377 | 561 | 1,060 |
| Profit After Tax | 58 | 46 | 237 |
| Total Assets | 873 | 840 | 949 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet working capital requirement – 1.11
- 2 General Corporate Expenses – 0.37
- 3 To meet the Issue Expenses – 0.45
Company Overview
Incorporated in 1951, Mumbai-based Evans Electric Limited works in the area of re-designing, repairing, and re-winding of transformer, generator, and electric motor with in-house manufactured replacement components. Some of the products manufactured by the company for replacement purposes are insulation components, brush holders, coils, slip rings, insulators, retaining rings, allied specialized equipment & tools, wedges, stampings and packers. It has a factory unit covering 30,000 sq. ft area located at Palghar, Maharashtra providing repairing & rewinding services and manufacturing replacement components.
The company also provides contract based services for repairing of turbo rotors, low voltage and high voltage electric motors (AC and DC), turbo generator stators, transformers, generators, hydro rotors, hydro generator stators, field poles, high voltage coil manufacturing, diagnostic testing, high voltage coil manufacturing, and vacuum impregnation. The company also provides contract based services to foreign countries and has been successfully executed orders from Sri Lanka, Malaysia and Bangladesh.
It has a wide client base covering various sectors including railways, oil & gas refineries, cement, chemicals & fertilizers, shipping, steel plants, offshore gas & oil exploration, renewable energy, gas, diesel, nuclear, & thermal power generation.
The competitive strengths of the company are:
• Can handle complex machines of different design, size and capacity
• Skilled workforce
• Factory unit at a good location and in a large area
• Quality work at affordable pricing