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25 May 2019

IPO Synopsis

Evans Electric Ltd
Registered Office: 430 Orchard Mall 3rd Floor,Royal Palms Estate AMC , Mumbai - 400065 , Maharashtra , India.
Phone : 91-22-28729506   Fax:
Email :  cs@evanselectric.co.in  
Website :  www.evanselectric.co.in
Initial public offer of 3,72,000 equity shares of face value of (Rs)10 each (the "equity shares") of Evans Electric Limited ("the company" or "eel" or "the issuer") at an issue price of (Rs)52 per equity share for cash, aggregating (Rs)1.93 Crores ("public issue") comprising of a fresh issue of 3,72,000 equity shares aggregating (Rs)1.93 Crores ("fresh issue") out of which 20,000 equity shares of face value of (Rs)10 each, at an issue price of (Rs)52 per equity share for cash, aggregating (Rs)0.10 Crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion").The issue less market maker reservation portion i.e. Issue of 3,52,000 equity shares of face value of (Rs)10 each, at an issue price of (Rs)52 per equity share for cash, aggregating upto (Rs)1.83 Crores is herein after referred to as the "net issue". The public issue and net issue will constitute 27.11% and 25.66% respectively of the post- issue paid-up equity share capital of the Company. Fixed Price issue at (Rs)52 per equity share and is 5.2 times of the face value. Minimum Application size of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
30-Apr-19 03-May-19 (Rs)52.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 1.93
Hem Securities Ltd
Project Financed through Current Offer 1.93  
Post Issue Equity Share Capital 1.37  
Issue Price (Rs)52.00  
 
Projects
To Meet Working Capital RequirementGeneral Corporate Expenses
Promoted By
Ivor Anthony Desouza  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS