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Evoq Remedies Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Evoq Remedies Ltd IPO

Registered Office: F-12-A 1st Floor V R Complex,Nr.Sanathal Cross Road Santhal , Ahmedabad - 382210 , Gujarat , India.
Phone : 91-79-4840 2525   Fax:
Email :  info@evoqremedies.com  
Website :  www.evoqremedies.com
Public issue of 3600000 equity shares of face value of (Rs)10 each of Evoq Remedies Limited ("EVOQ" or the "Company" or the "Issuer") for cash at a price of (Rs)27 per equity share including a share premium of (Rs)17 per equity share (the "Issue Price") aggregating to (Rs)9.72 croress ("The Issue"), of which 180000 equity shares of face value of (Rs)10 each for cash at a price of (Rs)27 per equity share including a share premium of (Rs)17 per equity share aggregating to (Rs)0.49 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 3420000 equity shares of face value of (Rs)10 each at a price of (Rs)27 per equity share including a share premium of (Rs)17 per equity share aggregating to (Rs)9.23 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.47% and 25.15% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each and the issue price is (Rs)27. The issue price is 2.7 times of the face value. Bid can be made for minimum of 4000 equity shares and in multiples of 4000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
17-Mar-22 22-Mar-22 (Rs)27.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 8.77
Swastika Investmart Ltd
Project Financed through Current Offer 9.72  
Post Issue Equity Share Capital 13.60  
Issue Price (Rs)27.00  
 
Projects
To meet Incermental Working Capital RequirementsGeneral Corporate Purposes
Promoted By
Bhumishth Narendrabhai Patel  
Payal Bhumishth Patel  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd